Leaders have to go through different stages of learning which will help to avoid the errors that one may encounter in the initial stages when one takes up leadership position. This paper will develop a greater understanding of risk issues that will have an impact on Simcenter, Inc. and their leadership styles.
SimCenter, Inc. is one the nation’s leading pilot training facilities in the United States and is privately owned by the George Family from its headquarters in Miami, Florida. SimCenter has been providing flight training instructions for over ten years and has built is reputation on providing the airline industry well trained and highly experienced pilots. Air carriers seek pilots trained by SimCenter both nationally and internationally because of their professionalism. Although SimCenter has primarily been a training center for commercial carriers that have large aircraft such as Airbus300 series, Boeing 737s, and Boeing 757s; it is uniquely positioned to profit from both current pilot shortages and hiring requirements of National and International carriers by leasing pilots and creating a charter airline to the Bahamas.
This new venture is based on Porter’s Value Chain Theory, which explains the need of producers to provide products and services at the same level of customer demands (Value Chain, 2005). Value chain of any organization reflects its history, the strategy and the approach to implementing the strategy, and the economics of the activities. The purpose of a value chain is to create a process or product that would generate profits. According to Porter, adding value is a strategic means to achieve profit and competitive advantage. Traditionally different business functions perceived and created value differently. Under Porter’s model profitability and market control can be maintained if an organization controls all aspects of the buying experience including supplies,