In an interview with Telegraph, he said, I have always believed in the art of delegation finding the best possible people for Virgin and giving them the freedom and encouragement to flourish. Your email address will not be published. The question is,How do you achieve the best skills to be a great leader and touch the success? << What type of leader is Richard Branson? While he selects a person, he needs to select a perfect one. I remember sitting next to him in the car on a Friday evening when he would take my brother and me to swimming. Connect with him onLinkedIn. Inspiring, isnt it ? His perspective reframes these failures as learning opportunities that make individuals, teams, and businesses more successful. Branson constantly looks for such ways and evaluates them critically to determine whether they can help to drive success of his line of business. It Can Lead to Team Members Doubting the Capabilities of the Leader, A leader has to be respected by team members to be effective. What is the best course of action when consensus is not realized. On the other hand, their lack would lead to a conclusion that he is not a leader that I would like to work under. Sosik, J., & Jung, D. (2012). Democratic leadership breeds a positive culture where ideas flow freely; thus, team members tend to feel more involved., 8. The database is updated daily, so anyone can easily find a relevant essay example. From this success, it is evident that his strategies of success can be deployed by organizations seeking to gain large growth through the utilization of employees as the source of competitive advantage. Democratic Leadership Results in Higher Levels of Commitment. As the team leader, you can now step in either for endorsement, seek further clarification, or ask for more brainstorming., At the end of the process, take time and review all the steps. Leaders should communicate with people from different cultures. As a leader, one should be a team builder. /Widths [ 278 0 0 0 0 0 667 0 333 333 0 0 278 333 Later he started his own Airways service Virgin Airways. A leader needs to consult several team members, listen to their views, and collect feedback. In an interview with Telegraph, he said, I have always believed in the art of delegation finding the best possible people for Virgin and giving them the freedom and encouragement to flourish. He likes to follow the SWOT strategy. Depending on your team members' skill levels, personalities, or education levels, you can opt to use different phases so that each member feels included. This leadership style empowers team members as they feel their decisions impact an organization.. * Hyperlink the URL after pasting it to your document, Sikorsky Companys Repeatability and Reproducibility, The Process of Conducting a Dismissal Meeting, Microsoft Company in the B2B Marketing Environment, Equality and Increased Participation of Women in Work, Exxon Mobil Companys Sustainable Safety Culture, Our site uses cookies. While hiring, at first he checks the weakness of that person. Their presence would tell me that he is a good leader that I would work under. Slow Decision-Making process: Slow decision-making is intrinsic to democratic leadership. Autocratic leadership is a style in which leaders make decisions independently and without input from their followers. /Type /FontDescriptor Yes, We Have No Choice, Cannabis Challenges Differ In Each State Where Its Newly-Legal, 5 Unexpected Places To Find Your Next Great Business Idea. /FontBBox [-628 -376 2000 1056] Bransons leadership traits mesh well with the running of his multifaceted organization. The paper discusses Richard Bransons leadership styles and skills and their impact on Virgin group of Companies. Full Range Leadership. professional specifically for you? Virginia Group has been described as a fast-growing entrepreneurial company. He is well known for his. For instance, a good role model is one with hopeful wishes and confident. To me, business isnt about wearing suits or pleasing stockholders. What Virgin values most in its leaders today; the ability to show a genuine interest and duty of care for their teams. The Ability to Think Differently:Richard Branson believes in thinking different. He started his entrepreneurial journey in high school after founding a student magazine. IvyPanda. This is a BETA experience. Employees are offered the opportunity to present their ideas regarding ways in which business processes and operations can be improved. Skill of Understanding the Need of a New Business:Richard Branson understands the need of the new businesses. Employees work in clusters through a flat organizational structure to accomplish set objectives.. << 2020. /StemV 78 His charisma is vital in uniting employees to work towards the achievements of the visions and missions that different companies pursue. And he is very much confident about making this kind of decisions. Armed with this information, it becomes possible to determine whether Richard Bransons leadership style is a good fit for a manager working for the Virginia Group. He encourages consensus among senior managers and favors delegation and more autonomy.. Richard Branson can easily learn about different types of personality and their expertise. Its far more effective to praise people than to constantly criticize them; it brings out the best in them and creates a more open environment for creativity and innovation.. His ability to inspire, motivate, and serve are based on his excellent communication skills (Dearlove, 2007). StudyCorgi. And the responsibility for me is to invest in creating new businesses, create jobs, employ people, and to put money aside to tackle issues where we can make a difference., A business has to be involving, it has to be fun, and it has to exercise your creative instincts., Through the right people focusing on the right things, we can, in time, get on top of a lot if not most of the problems of this world. Why is the UN Studying Solar Radiation Modification? Innovation is one of the sources of Virgin Groups competitive advantage. /MaxWidth 2000 Transformational leaders are influential to their followers. Thats never been the Virgin approach. He shares what he knows, but he also understands that people learn best from action. Communication is a vital ingredient for leaders. You learn by doing, and by falling over, and its because you fall over that you learn to save yourself from falling over. And he is very much confident about making this kind of decisions. Consistently, they seek new ways of ensuring that they are able to achieve more things that would be of benefit to their followers and themselves (Bass & Steidlmeier, 2009, p.183). Borrowing from Richard Bransons leadership styles, another way for leaders to inspire their employees is by enhancing their confidence and encouraging growth. He does this through engaging his employees in direct conversations. Such a culture is detrimental to the long-term success of an organization or company. A role model is someone whose traits or achievements others can admire (Hogan & Hogan, 2008). Branson has been adopting a law-breaking approach in his leadership approach . Richard Branson, CEO of the Virgin Group, is another democratic leader who empowers his employees to reach his company's goals. It is also vital to explain that where every voice matters, not all suggested ideas are implemented. He says: It was such a positive influence and I learned so much from him. Facebook to Acquire the Waze App for $1BN? He thinks, the business that fulfills the needs of the people can create value vastly, it improves their lives. Suppose you want to refine or learn more about democratic leadership or prefer a different style for effective leadership; in that case, our experienced coaches will guide you to become one through our executive coaching. Profiles of leadership. He offers employees incentives such as training, high remuneration, a strong organizational culture, and vacations (Dearlove, 2007). Risk Taking Capability:One of the most risk taker investors is Richard Branson without any doubt. Organizational Behavior and Human Decision Processes, 7(5), 1-24. Richard Branson also believes that giving ample attention to what his people think helps the Virginia group to move to the next business level. 0 0 0 222 222 333 333 0 556]>> He is an avid reader and loves swimming as a hobby. As an organization, the Virgin Group has been of great interest to the public and business experts worldwide, especially given Richard Branson's creative leadership style in running and growing the enterprise. And weve been successful not by wasting time scrutinising our competitors but by looking at ourselves from the point of view of our customers do and seeking feedback through listening. Richard Branson is well known for applying a fun, friendly and anti-establishment business environment wherein no rules or regulations hold the ability of the employees to perform well and enjoy their workplace. At the same time, Ive also learned about balance, the art of delegation and when to intervene and when to get out of the way!, This is a BETA experience. Democratic leadership style also comes with its fair share of disadvantages, this includes: 1. student. The characteristics of the Democratic leader's style are as followers: Democratic leadership styles are practiced in businesses, governments, academic institutions, and home environments. The Virgin Group is one of the worlds most recognized and respected brands, with over 400 companies. Virgin Group is committed aligns its businesses in a manner that promotes environmental conservation. He never received a degree in management and, yet, is globally known as one of the most influential leaders for his unique style and strategies. This refers to a highly interactive style of leadership where employees are motivated and empowered to reach the goals of the organisation (Grasmick, 2012). Sir Richard Branson is the sixth wealthiest citizen of the United Kingdom. If you are the original creator of this paper and no longer wish to have it published on StudyCorgi, request the removal. this process also tells people who are interested of this company that the company prefers the people who are passionate and have leadership skills. Therefore, it is necessary for organizations to offer employees opportunities to advance their careers. endobj In his interview with Dan Schawbel, he revealed that he never learned any rule in the first place and therefore he can be called a rule breaker. Branson management style and leadership skills were learnt in his day-to-day duties and interaction with people. Such an approach to organizational leadership best explains the approaches deployed by Richard Branson to succeed in the global domain. Branson:Researching the competition has never been the Virgin way. (2020, December 29). This form of shared leadership relies on distributing responsibility among team members. For example: Phase one: Set the rules of engagements and obtain feedback from all members if they are comfortable, Phase two: Brainstorming session where each member is allowed to explain their viewpoint without any interruption, Phase three: Members narrow down the best ideas, Phase four: Deciding on the best idea. The main leadership styles applied today include , Autocratic leadership, Democratic leadership, Delegative leadership, Servant leadership, laissez-faire leadership, transactional leadership and transformational leadership, A leader may opt for a technique based on prevailing leadership and management culture, nature of work, mentoring, or after attending executive coaching programs.. From his student life, he has been taking different initiative in the field of business as an entrepreneur and became successful. Both successful people have great achievement and come up with their own viewpoints, beliefs and approach. He doesnt expect everything to fall into place the first time, though. His ability to motivate and inspire employees has contributed significantly towards creating teams that are the foundation of the groups growth. Personality before CV. For instance, Hogan and Hogan (2008) argue that, when monetary rewards cease from being sources of motivation, organization consider delegation of responsibilities as a means of keeping employees motivated (p.43). His business acuity and excellent leadership are the main factors that contribute to his success. /BaseFont /Arial-BoldMT Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. 3. Leadership Style of Richard Branson. Richard Branson is directly involved in the process of hiring new employees in his organization. endobj StudyCorgi, 29 Dec. 2020, studycorgi.com/the-leadership-of-richard-branson/. /Subtype /TrueType After observing these traits, I would analyze them and draw conclusions. >> He does, however, have a charismatic personality that gets other people excited about his ideas. If I ever said anything ill about somebody as a kid, she would send me to stand in front of the mirror for 10 minutes because she said it reflected so badly on me, and this has always stayed with me. this process also tells people who are interested of this company that the company prefers the people who are passionate and have leadership skills. /StemH 78 His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. Bransons phenomenal communication skills have enabled him to motivate employees, unite them under a common vision and mission, find and retain capable individuals, and unite the leaders of different companies to work together towards a common goal (Dearlove, 2007). New York: Taylor & Francis. Branson is famous for his success in the business field with his unique characteristics, which are an attribute to his success. Only the best people can reach the highest point of the career path as competition for the leadership jobs became very very competitive. Oops! Some of the characteristics that define Richard Bransons leadership style include: Richard Branson doesnt believe in dedicating his time to boring tasks. Elements that characterize Bransons leadership include his ability to motivate employees, purpose, vision, perseverance, risk-taking, and readiness to delegate (Branson, 2014). Scott says: Just to clarify, I wasn't working as a cleaner, I was a lifeguard, but my boss went on to explain how he would never ask me to do something he hadn't done himself. Instead, he coaches his executives, managers, and employees to become better, more effective people. Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. Thats a very Virgin trait. His previous best-selling books include Like a Virgin: Secrets They Wont Teach You at Business School, Losing My Virginity, Screw It, Lets Do It, Business Stripped Bare, Reach for the Skies and Screw Business As Usual. Based on these criteria and considering how Richard Brinson has managed to build his success in his business empires, it is possible that his leadership style is not a good fit for a manager because the work of management is different from the work of leadership. This can make the democratic process chaotic. I would look for certain traits that include honesty, creativity, humility, trust, ambition, and ability to embrace change as well as his willingness to listen attentively to people. He rewards people for excelling, but he also encourages people to turn their mistakes into learning opportunities. This way a continuous process of improvement in leadership style is attained by Richard Brandson. Selecting Leaders:Richard Branson is directly involved in the process of hiring new employees in his organization. Working in teams ensures that employees attain goals and organizational objectives faster and more efficiently. While Branson doesnt fit into a specific category, his style does show characteristics of: Branson would likely laugh at any of these suggestions, but his decades of leadership speak for themselves. New York: Penguin Publishing Group. Richard Branson likes to emphasize that he never learned the rules of running a success business. While he was struggling to have the Virgin Atlantic off the ground, he asked Sir Freddie Laker (The British Airline Entrepreneur) for guidelines. Your privacy is extremely important to us. It recently won a Queens Award in International Trade. He has mastered the art of communication. Apart from incorporating different international standards and cultures into his business operations, he contributes towards the growth of the global economy. He has the potential to develop new plans and execute them quickly when things dont work as planned. https://ivypanda.com/essays/leadership-style-of-richard-branson/, IvyPanda. He believes, people should be given freedom, and he acts accordingly. His open communication policy will ensure that employees express themselves and present their grievances that could be major sources of job dissatisfaction and poor performance. Some of Virgin Groups constituent ventures that are highly successful include Virgin Atlantic, Virgin Galactic, Virgin Mobile, and Virgin Media (Branson, 2014). December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. However, soliciting opinions, strategies, or other types of input could make a leader appear indecisive and lacking the necessary knowledge. stream Employees are more engaged and perform at their best when they are heard and valued at work. Leadership style of Richard Branson For this report, a leader has been selected and the selected leader is Richard Branson. << While this has some advantages, it can slow down decision-making, especially with communication failures. He truly feels that getting other peoples input and listening to what. People like Richard Branson and Herb Kelleher, are more concerned about creating a winning team. /FontDescriptor 7 0 R "The Leadership of Richard Branson." He was born in the year of 1950. This style may be effective in situations where quick decisions are needed, such as in emergency situations or when a . And it was one of the reasons I left school when I was 15 years old. Lets go further and try one of the most comprehensive coaching experience with us. Then in 1972, he opened a chain of record stores that later became popular as 'Virgin Megastores'. He constantly takes risks to see what works and what doesnt work. Strong leadership skills are vital for founders of growing businesses. Few of his renounced projects are Youth culture magazine The Student, Virgin Airways, Virgin Records, and Virgin Radio. This means then they should have the will to use the power they possess together with the employee to execute innovative ideas brought forwards by the employees According to Branson, another quality of a leader is being a role model. Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. 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