Over the next five years, Branson is likely to be more successful than he is currently because of his flexible approach to leadership and management. 2. Richard Branson's leadership style works for his particular role as visionary and figurehead of his diverse group of companies under the Virgin Group umbrella. He is successful in building 400 companies under the brand name of Virgin. Richard Branson's Leadership Styles He has an informal leadership style, whereby the people he leads are to concentrate on the objective rather than how they look hence providing a lot of room for his employees to be innovative. x}X6WHF`~XK,{}|M g/v=ap$*+38"Mne]2DR2k'2w'ZQTCQm`S"S|a"dZEihY0hx$ (x;q TA0e0Nta\o9/&L["gq_]8Bi-,t}%%r2E**3~5\`VL$IA(bT&" Boosts Jobs satisfaction and motivation. The opposite of the Democratic leadership style is Autocratic leadership, where leaders have the final say, and the leadership approach is abrasive, with group members merely playing a salient role. Finally, delegating duties will give him more time to do other things that will make him a better leader. She says: He has always written about businesses being a force for good in the lives of employees and customers and Ive tried to apply that philosophy in the businesses Ive founded. StudyCorgi, 29 Dec. 2020, studycorgi.com/the-leadership-of-richard-branson/. New York: John Wiley & Sons. You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. Something went wrong while submitting the form. He does this through engaging his employees in direct conversations. Thank you! He believes, people should be given freedom, and he acts accordingly. This helps employees to align their goals with those of the group (Sosik & Jung, 2012). 722 778 667 0 722 667 611 722 0 944 667 0 0 0 0 0 As mentioned earlier, Virgin Groups growth and success are partly attributed to Bransons excellent communication skills because is able to communicate the mission and vision of the group to employees who rally behind him in order to achieve them (Dearlove, 2007). He is a good listener who listens to employees and takes their opinions into account when making important organizational decisions. 611 611 611 0 389 556 333 611 556 778 0 556]>> Richard Brandson is also people-oriented and considers that teamwork is important for the accomplishment of goals and sustenance of business in the long run. He always came ahead to take the opportunity to start a new business, apply new technology in them and perform training, education and development programs on his employees. HiTec Holdings. 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. Gains in productivity. We will write a custom Report on Leadership Style of Richard Branson specifically for you for only $11.00 $9.35/page. Democratic leadership works best when applied in certain situations. Becoming a global leader also requires one to have highlighted good leadership approaches, which can be used as benchmarks by other organizations. He therefore does not take for granted any idea from employees, business partners, strangers, or even friends. IvyPanda. 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. Since various management scholars have identified such approaches as influential in aiding an organization to remain competitive, it is anticipated that the Virginia Group will continue to succeed in the next five years by growing at a rate of10 percent annually. This way an attempt is made to create a relaxing and productive work environment wherein new ideas originate and applied to improve the overall business productivity. Richard Branson is one of the most iconic figures in the world today. As a leader, you should always be listening. Offers a Leader a Diverse Set of Opinions. Branson:1. Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. /MaxWidth 2000 /StemH 78 Later he started his own Airways service Virgin Airways. You learn by doing, and by falling over, and its because you fall over that you learn to save yourself from falling over. International Journal of Selection and Development, 9(2), 40-51. And it was one of the reasons I left school when I was 15 years old. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. What Virgin values most in its leaders today; the ability to show a genuine interest and duty of care for their teams. To change the game is at the heart of what Virgin stands for, so the company culture has always been: Dont sweat it: rules were meant to be broken.. Save my name, email, and website in this browser for the next time I comment. Andrew Langat is an experienced content specialist in Leadership, Productivity, Education, Fintech, and Research. Richard Branson Leadership Quotes "To me, business isn't about wearing suits or pleasing stockholders. While he selects a person, he needs to select a perfect one. From the student life, he has been commencing new companies. When team members know their input will be needed, they will likely improve their knowledge by spending additional time preparing to share their feedback, especially on tough decisions. 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. Branson has been adopting a law-breaking approach in his leadership approach . Democratic leadership style was first expounded by Kurt Lewin together with R.K white and R. Lippit when they identified three distinct leadership styles after a series of experiments. In such a scenario, the quickest response adopted by the group is to know whether the employees wishing to leave the organization have perceptions of being undervalued. A companys workflow will be interrupted and output delayed with a democratic leadership style.. 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. At Highrise, we understand that selecting a suitable leadership style is crucial to realizing positive outcomes. He told about his own leadership approach in that interview. According to his leadership philosophy, people will fail when they try new things. How people coordinate their body movements while speaking and their facial expression also tell a lot. Any organization employing people from diverse backgrounds recognizes the fact that people are the most important assets for attaining success in the long-term. Participative Leadership: Perspectives of Community College Presidents. Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. /FontBBox [-665 -325 2000 1040] To bring success to your business as well as to be a successful business leader you need to have a wide range of qualities and skills. He considers praising employees upon their accomplishing and providing them recognitions and benefits motivates them to perform better in the future. Richard Branson believes in the delegation of authority. Branson: Im quite involved in hiring for leadership and I look to hire my weaknesses. As a leader, he wants people to feel the same way, so he motivates them to become the best versions of themselves. 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. Bransons leadership traits mesh well with the running of his multifaceted organization. The Ability to Delegate:Richard Branson believes in thedelegation. Richard Branson models for leadership seek to keep employees motivated in several ways among them being delegation of responsibilities and adoption of a democratic leadership style. Jen Fuller founded baby brand Etta Loves back in 2016, whilst juggling a full time role as managing partner at a media agency with a new baby. 1. When group members have delegated powers, it can inadvertently result in many centers of power. One of the most notable aspects of his leadership is his passion for environmental conservation. 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. Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. Richard Branson is an English investor, entrepreneur, businessman, author and philanthropist who founded the Virgin Group, which includes more than 400 companies that operate in various economic sectors (Branson, 2014). 2019. 722 778 667 778 722 667 611 722 667 944 0 667 611 0 0 0 Richard Branson has a good leader-member relations and treats his employees respect, like his own family, even to the extent of giving invitations to his junior members for home for parties (Dearlove 2007). Organizational Behavior in a Global Context. Branson has been able to overcome these challenges by embracing innovation and change. Listening is one of the most important skills that anyone can have. Richard Branson can easily learn about different types of personality and their expertise. Richard Branson has the attitude called Screw it, lets do it. Born with acumen, perspicacity and prudence, he started his first business venture ,"Student" magazine at the age of 16 . He says, If you ask any successful business person, they will always say they have had a great mentor at some point of the road. You are free to use it to write your own assignment, however you must reference it properly. The Virgin Group gains competitive advantage through innovation and application of creativity in implementing business processes (Branson, 2014). . One of his most famous quotes truly sums up his philosophy of leadership: "Clients do not come first. This post discusses the leadership skills and qualities of Richard Branson that helped him achieve success. It Can Lead to Team Members Doubting the Capabilities of the Leader, A leader has to be respected by team members to be effective. December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. 8 0 obj Along the way, we saw gaps in the market where Virgin could play a role and can be an incredible force for good, and thats become our motto. His democratic style of leadership is characterized by traits such as charisma, perseverance, purpose, self-awareness, and open-mindedness (Dearlove, 2007). There are many ways to run a successful company. al, 2006). You need to have current information about the industry and the organization as well. Richard Branson believes that a leader, being a team builder, should create teams or develop a cultural trend in an organization that will be suitable for all employees through reduction of disagreements. After observing these traits, I would analyze them and draw conclusions. By showing his appreciation for hard work, he keeps everyone focused on their tasks. Richard Branson, CEO of the Virgin Group, perfectly embodies this democratic leadership style. /Type /FontDescriptor 5 0 obj student. He is the founder of Virgin Group which has control over 400 companies. must. He embraces change, creativity, and innovation thus enabling his companies to grow and dominate in various sectors. He is the founder of Virgin Group that encompasses more than 400 companies all around the world. StudyCorgi. Creating a happy, cohesive, successful team than about being "Right and in Control". /FontDescriptor 7 0 R He rewards people for excelling, but he also encourages people to turn their mistakes into learning opportunities. Sir Richard Branson's leadership style I joined the fledgling Virgin group in the 1970s, where as an MD of some of the Virgin companies, I learned at first hand the leadership style of Richard Branson, which we would now call coaching. " Walk the floor, get to know your people ," Branson urged. endobj Consequently, his leadership models lack aspects of risk management. >> Famously this came back to bite him during his infamous balloon trip that led to his partner, Per Lindstrand, jumping into the ocean and nearly drowning. At Virgin, Branson has created a channel of open communication whose aim is to connect the management with employees and streamline business processes. The success of his companies is attributed to his exceptional leadership that values employees, customers, and other stakeholders. Employees are expected to be active participants and governance relies on team building, communication, consensus, autonomy, commitment and balance. Lets go further and try one of the most comprehensive coaching experience with us. Profiles of leadership. What qualities do you look for in new leaders and what qualities are your biggest turnoffs? Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. This group's decision-making process gives room for the adoption of better ideas. "The Leadership of Richard Branson." 9 0 obj He applies an adapting approach towards the organizational cultures and therefore allows his employees to develop formal and informal relations. I remember sitting next to him in the car on a Friday evening when he would take my brother and me to swimming. His views on company management and leadership are truly innovative and he is an entrepreneur who is constantly pushing the boundaries in his business ventures. Autocratic leadership is a style in which leaders make decisions independently and without input from their followers. His approach to business is also unique in the sense that he does not fear engaging in any business. , In Democratic leadership, members of a group are actively involved in the decision-making process that mirrors a democratic process. 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). Has been adopting a law-breaking approach in his leadership models lack aspects of risk management Branson has been adopting law-breaking. Other stakeholders, but he also encourages people to feel the same way, so he motivates to... That people are the most successful person rather adapt to the current times one. 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