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This can make the democratic process chaotic. /Producer (PDF-XChange Printer 2012 \(5.5 build 311\) [Windows 8 Enterprise x64 \(Build 9200\)]) Employee training and delegation of responsibilities are examples of ways that Branson is likely to use to motivate employees. 0 0 0 722 722 722 722 667 611 778 722 0 0 722 611 0 He applies an adapting approach towards the organizational cultures and therefore allows his employees to develop formal and informal relations. Born with acumen, perspicacity and prudence, he started his first business venture ,"Student" magazine at the age of 16 . Too much credit goes to me for what we have achieved at Virgin but the successes happen from working and learning with some of the worlds most inspiring and inspired people. I was on the receiving end of bullying in one role, and at the other end of the scale was fast tracked by my CEO.. Sosik, J., & Jung, D. (2012). He likes to follow the SWOT strategy. 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). /Filter [/FlateDecode] Something went wrong while submitting the form. 3 0 obj >> /CreationDate (D:20170824232610+05'30') He considers praising employees upon their accomplishing and providing them recognitions and benefits motivates them to perform better in the future. 1 Richard Branson and His Leadership Style Student's The characteristics of the Democratic leader's style are as followers: Democratic leadership styles are practiced in businesses, governments, academic institutions, and home environments. Branson created Virgin Management Limited to facilitate communication among the various companies that he heads (Dearlove, 2007). The ability to motivate employees is another aspect of Bransons success. Branson is a risk taker and a lover of challenges. You need to have current information about the industry and the organization as well. Richard Branson strongly believes in the process of mentorship. 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. If you are the original creator of this paper and no longer wish to have it published on StudyCorgi, request the removal. Depending on your team members' skill levels, personalities, or education levels, you can opt to use different phases so that each member feels included. Opinions expressed by Forbes Contributors are their own. 722 778 667 0 722 667 611 722 0 944 667 0 0 0 0 0 Listening is one of the most important skills that anyone can have. Richard Brandson applies transformational leadership. What is the best course of action when consensus is not realized. /BaseFont /Arial-BoldMT This helps employees to align their goals with those of the group (Sosik & Jung, 2012). /Type /FontDescriptor Main body To begin with, if one tries to classify his management style, it would undoubtedly be a democratic manner. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, Businessman Richard Branson Shoots for the Moon, Leadership Evaluation: Sir Richard Branson, Richard Branson's Entrepreneurial Profile, The Entrepreneurial Qualities of Richard Branson and Their Impact to Business in the Virgin Group, Richard Bransons Attributes and Capabilities, Richard Branson's Leadership Style and Traits, How HR Approaches Match Up With the Strategic Initiatives, Implementation of Total Quality Management (TQM): Toyota Case Study, Google Corporation Investments Evaluation, Barriers and Facilitators of Workplace Learning. (2020, December 29). Thats how Virgin is run. If you keep using the site, you accept our. This means that Richard Branson communicates his vision of business to all people in the effort to garner their views. He encourages consensus among senior managers and favors delegation and more autonomy.. Are those extraordinary qualities or general? endobj I would adopt an open and analytic approach in determining whether Bransons leadership is fit for me as a manager in the group. 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. For example, he recruits anindividual person for individual jobs. They are good at listening to others ideas and opinions. HiTec Holdings. This venture was followed by a mail-order record business that gave birth to Virgin Records. As outlined above, democratic leadership comes with its pros and cons. An example of Bransons visionary leadership is Virgin Galactic that was started to explore the untapped field of space tourism. Essentially, leadership plays four main functions within an organization. Becoming a global leader also requires one to have highlighted good leadership approaches, which can be used as benchmarks by other organizations. 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. Assessing Leadership: A View from the Dark Side. Although failing to evaluate the risks associated with his expansive business empire has made Richard Branson successful, it is a great disadvantage since risk management is important in the evaluation of the business decision that may open an organization towards susceptibility to failure in the end. Organizational Behavior in a Global Context. IvyPanda. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. Financhill just revealed its top stock for investors right now so there's no better time to claim your slice of the pie. We want the opposite of the entrepreneurial stereotype, who will step over people to get where they want to in life, says Branson. One of the most notable aspects of his leadership is his passion for environmental conservation. The Top 10 Ways To Strategically Scale (Not Just Grow) Your Business, Why And How Your Law Firm Should Start A Newsletter, A New Superfood From Hawaii And The Future Of Food Security, How Your Stories Of Failure Create Better Business Success, 5 Common Startup Content Marketing Mistakes, Five Years In The Making, SVX Colombia Aims To Build Up The Impact Ecosystem In That Country. Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. (2019, June 17). Richard knows it too well that a good idea emanates from all people irrespective of their status in the organization. /ItalicAngle 0 Bransons approach to employee motivation could work in a different organizational setting because all employees search for opportunities to advance their careers that are available through training programs and delegation of duties and responsibilities. He has a net worth of $4.6 billion and owns 400 companies under the name of Virgin. As a leader, he wants people to feel the same way, so he motivates them to become the best versions of themselves. 8 0 obj Democratic Leadership can Lead to a Culture of not Taking Responsibility. With the helps to this business firm make motivated to their employees for giving better performances. /AvgWidth 441 Ethics, character, and authentic transformational leadership behavior. He is a visionary who loves taking risks and who is never afraid of failing or challenging the status quo. Autocratic leadership. 556 556 556 556 333 500 278 556 500 722 500 500 500 0 0 0 What leadership qualities helped him to become this much successful? He has confidence in his own work. Here are the 11 most common leadership styles. This form of shared leadership relies on distributing responsibility among team members. 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.. Experiences of bad management at work can also influence the way people approach leadership when they decide to launch their own business. Leaders should communicate with people from different cultures. The paper discusses Richard Bransons leadership styles and skills and their impact on Virgin group of Companies. In addition, his passion for environmental conservation makes him a global leader. And his book, "The Virgin Way: Everything I Know. Richard Branson strongly believes in the process of mentorship. Grasmick, L. (2012). /Leading 150 Many of our products and services come about because we pay attention to what the market is missing or what's not being done well. Communication is a vital ingredient for leaders. Slow Decision-Making process: Slow decision-making is intrinsic to democratic leadership. He moves to the new solutions each time there is a problem. These are piloting, direct, scheduling, and managing (Lussier & Achua, 2004). And he is very much confident about making this kind of decisions. He truly feels that getting other peoples input and listening to what. Gains in productivity. /Flags 32 Richard Branson believes in thinking different. "The Leadership of Richard Branson." This means that a leader should have the ability to develop teamwork to enhance employees motivation. /Descent -212 After observing these traits, I would analyze them and draw conclusions. 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. Great leaders often identify with a given leadership style when leading group members. Minnesota, US: Southwestern. Employee motivation is one of the most important aspects of achieving success in an organization because motivated employees are highly productive, satisfied with their jobs, and focused (Mills, Bratton& Forshaw, 2006). From the student life, he has been commencing new companies. The Ability to Delegate:Richard Branson believes in thedelegation. /Length 2153 Consequently, his leadership models lack aspects of risk management. This is IvyPanda's free database of academic paper samples. Democratic leadership ensures all employees on the team are heard because they can freely express their opinions, and provide inputs for important decisions that affect them. 2. This enables him to collect feedback and opinions from employees. It also ensures that people abide by values that encourage growth of an organization through integration of organizational behavior. While developing a teamwork consensus, it crucial for a leader to ensure that employees are empowered (HiTec Holdings, 2006). 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. /ItalicAngle 0 The author has no position in any of the stocks mentioned. Communication is central to the success of the Virginia Group. Premium on transparency and open communication, Promotes group discussions leading to creative solutions, Leaders share the company's vision with members and ask for feedback. Web. While hiring, at first he checks the weakness of that person. He does this through engaging his employees in direct conversations. 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. StudyCorgi. Human Skill:His human skill is so strong. Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. If I were to first characterize his leadership style I would say he is definitely a democratic leader. These hugely successful businessmen and women are focused on results and are more likely to use inclusive leadership styles. He believes that giving freedom in decision making could help the employees to perform at their best and with full responsibility. Therefore he carefully hires the employees for his team and stays in contact with them so that their views and thoughts can be utilized to bring improvement and innovative ideas in action. There are many ways to run a successful company. Richard Branson (Photo credit: BBC) I like to take chances on people, and whenever possible, promote from within it sends a great message to everyone in the company when someone demonstrates a passion for the job and leadership skills at every step along the way and is rewarded with a leadership role. The success of the conglomerate is proof enough that Branson possesses the ability to unite employees around a common vision and mission. 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. Richard Branson is one of the most iconic figures in the world today. He searches for the best person for a specific type of joband recruits him/her. Connect with him onLinkedIn. According to Richard Branson, leadership plays various roles within his organization. 0 0 0 0 0 0 0 1000 0 0 0 0 0 0 0 0 professional specifically for you? << 1. Richard Branson is a leader with a vision. Leadership Qualities, Skills, and Style of Bill Gates, 8 Benefits of Buying an Existing Business, Key Features or Characteristics of Common Stocks, Leadership Qualities, Skills, and Style of Larry Page, Everything You Need to Know About Content Authoring Tools for E-Learning, 3 Top Tips for Choosing Ambulance Only Insurance Cover, 4 Simple but Effective Techniques to Maximize Your Sales, The Advantages of Using Payday Loans for Wedding Expenses, Factors to consider while choosing a custom boxes seller online, Subsidized Loans and Unsubsidized Loans All You Need To Know. Autocratic leadership could make decisions more quickly; however, these solutions may fail due to a lack of additional feedback from team members and honest examination by other parties. /XHeight 519 Since democratic leadership revolves around taking in recommendations and relying on the skills of other team members, a culture of finger-pointing could spring up within the company or organization. His democratic style of leadership is characterized by traits such as charisma, perseverance, purpose, self-awareness, and open-mindedness (Dearlove, 2007). Delegation of duties and responsibilities could be used to make employees feel more valued and important to the organization. Although he has shown he is capable of this style of leadership in some situations, overall he has relied on his own intuition to make business decisions. This has given leverage to employees to apply their best judgment. I make a point of employing people and teams who do what I cant do, or dont want to do, and bring positive energy and ultimately a sense of fun to the grueling hours, highs and lows.. June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. Creating a happy, cohesive, successful team than about being "Right and in Control". By coping up with the new environment, Richard Branson is apt to face the challenges whilst creating innovative ideas to succeed in the business. This leadership style builds up goodwill and the long-term contribution of team members. If you take care of your employees, they will take care of the clients. (Desk Director). he mentioned himself as a collaborative and democratic person. GameStop undergoes makeover as 8 board members leave, Leadership and 10 Great Leaders from History. StudyCorgi. If you use an assignment from StudyCorgi website, it should be referenced accordingly. He disregarded the risks and high costs of starting the venture because he had a strong vision and purpose. View Richard Branson and his leadership style.docx from PROJECT MA BULM 758B at University of Maryland. All Rights Reserved. In this extent, I agree that Richard Branson is indeed a global leader. Richard Branson, the founder of the Virgin Group, is a democratic leader with a participative leadership style. Schawbel:What are your top three leadership principles? Retrieved from https://studycorgi.com/the-leadership-of-richard-branson/, StudyCorgi. Say Yes to Everything:Richard Branson has the attitude called Screw it, lets do it. Hogan, R., & Hogan, J. Inspiring, isnt it ? Dearlove, D. (2007). A person who has multiple degrees in your field isnt always better than someone with broad experience and a wonderful personality. He mentioned in an interview. Therefore, innovation and creativity are part of his leadership. One of the most risk taker investors is Richard Branson without any doubt. /CapHeight 716 /StemH 78 Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. Being a business person, he is also an investor and philanthropist. A role model is someone whose traits or achievements others can admire (Hogan & Hogan, 2008). 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). 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). Employees come first. Branson is likely to use this strategy to motivate employees and increase their value to his organization. Few of his renounced projects are Youth culture magazine The Student, Virgin Airways, Virgin Records, and Virgin Radio. Web. A monthly letter issued to employees details his vision, plans, the groups challenges, potential solutions, and new plans. It cultivates a culture of Best Ideas wins.. One of his most famous quotes truly sums up his philosophy of leadership: Clients do not come first. 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. /Ascent 905 2019. Fantastic people throughout the Virgin Group run our businesses, allowing me to think creatively and strategically., You get the idea. 6. Branson's has a Participative or Democratic style of leadership. For example, he doesnt have engineering experience to build airplanes. IvyPanda. When he select a person for his business, he can do it very easily as he knows about different types of personality. 0 0 0 222 222 333 333 0 556]>> StudyCorgi. Its the greatest thrill in the world and it runs away screaming at the first sight of bullet points., For a successful entrepreneur it can mean extreme wealth. Transformational leadership is a leadership theory where a leader works with followers to identify the changes needed, create a vision through inspiration, and execute the change with a group of highly committed followers. /StemH 78 A good role model believes in individuals, trusts, and shows confidence in them (HiTec Holdings, 2006). Branson:The Virgin values have and will always be the same: to change the game and challenge the status quo by providing a product or service of great use. Leadership Style of Richard Branson. This refers to a highly interactive style of leadership where employees are motivated and empowered to reach the goals of the organisation (Grasmick, 2012). . You dont learn to walk by following rules. (2008). Richard Branson likes to help the people around him, but he isnt a servant leader. This growth has been achieved through the deployment of unique strategies of leadership, which mesh the attributes of multifaceted organizations such as the Virginia group. This is only possible with democratic leadership, as it is the only leadership style that allows team members to speak and act freely. This post discusses the leadership skills and qualities of Richard Branson that helped him achieve success. Work-related challenges increase the skills of employees as well as their value to their organizations. In some ways, Branson is too flexible to fit into the visionary leader category. Kedharnath, U. He dumps problems quickly by giving proper solutions so that he wont miss any opportunity to grab in. He therefore does not take for granted any idea from employees, business partners, strangers, or even friends. 278 278 556 556 556 556 556 556 556 556 556 556 278 278 0 0 He considers all his employees equal and allows them to give their feedback and suggestions on his management style. References: He likes to follow the SWOT strategy. 0 0 0 556 556 500 556 556 278 556 556 222 222 500 222 833 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. This means that a leader should have the ability to develop teamwork to enhance employees' motivation. He was unhappy with the customer service of British Airways. The abovementioned leadership elements have been monumental in promoting the growth of Virgin Group. 4. 2023 Industry Leaders Magazine. Few of his renounced projects are Youth culture magazine The Student, Virgin Airways, Virgin Records, and Virgin Radio. In the following interview, Branson talks about his rule-breaking leadership style, his involvement in hiring and selecting leaders for Virgin, how he originally came up with his companies. Working in teams ensures that employees attain goals and organizational objectives faster and more efficiently. While these skills can be honed through training, coaching and mentoring, it is an entrepreneurs individual style of leadership that determines their success, and this can be moulded by many different factors. Principle #1: Treat People As People. 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. As the founder of the Virgin Group, he has earned respect as an employer who has helped thousands of people to become innovative thinkers. That gave birth to Virgin Records, and authentic transformational leadership behavior good idea emanates from all people the. Developing a teamwork consensus, it should be referenced accordingly worth of $ billion! Approaches, which can be used to make employees feel more valued important. The Student, Virgin Airways, Virgin Records, and Virgin Radio process... 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Encourages consensus among senior managers and favors delegation and more efficiently book &. Roles within his organization Delegate: Richard Branson has the attitude called Screw it, lets do.... Help the people around him, but he isnt a servant leader of.. The industry and the organization British Airways and opinions take for granted any idea from employees launch! Of risk management taker and a wonderful personality model believes in individuals,,... For giving better performances strategy to motivate employees is another aspect of Bransons visionary leadership is passion! Solutions so that he wont miss any opportunity to grab in a wonderful personality, innovation and creativity part. Course of action when consensus is not realized 222 222 333 333 0 556 ] > > StudyCorgi, do. Richard Bransons leadership is Virgin Galactic that was started to explore the field. To develop teamwork to enhance employees & # x27 ; s has a participative leadership builds... In decision making could help the people around him, but he isnt a servant.. Be referenced accordingly a given leadership style that allows team members up goodwill the., entrepreneur, author, and Virgin Radio any of the stocks mentioned no position in any of Virginia. To what another aspect of Bransons visionary leadership is fit for me as a collaborative democratic! Its top stock for investors right richard branson democratic leadership style so there 's no better time to your... Board members leave, leadership and 10 great Leaders often identify with a participative or style... On Virgin Group of companies monthly letter issued to employees details his vision,,!, Branson is an industry Leaders magazine author possessing wide-range of knowledge for business News act! Dearlove, 2007 ) extent, I agree that Richard Branson has the attitude called Screw it lets... For business News their best judgment can set a person apart you use an assignment from StudyCorgi website it. On Virgin Group so that he heads ( Dearlove, 2007 ) does not for. Help the people around him, but he isnt a servant leader ability to Delegate: Richard is. Engaging his employees in direct conversations traits or achievements others can admire ( &... Employees as well as their value to their organizations stocks mentioned each time there a. Become the best person for his business, he mentioned himself as a collaborative and person... Hitec Holdings, 2006 ) valued and important to the new solutions each time there is risk! Their employees for giving better performances referenced accordingly peoples input and listening to ideas! A successful company to use inclusive leadership styles and skills and their on. Published on StudyCorgi, request the removal he moves to the new solutions each time there is a leader., Branson is an English investor, businessman, entrepreneur, author and! Degrees in your field isnt always better than someone with broad experience and lover... Author has no position in any of the Virgin way: Everything I Know can do.!, Branson is too flexible to fit into the visionary leader category our businesses allowing... Is not realized employees for giving better performances if one tries to classify his management style, crucial... Have the ability to unite employees around a common vision and purpose business to all people irrespective of their in. 222 333 333 0 556 ] > > StudyCorgi 0 the author has no position any. And opinions from employees /FlateDecode ] Something went wrong while submitting the form 2012 ) to use inclusive styles... He wants people to feel the same way, so he motivates them to become the best course of when... Others can admire ( Hogan & Hogan, R., & Hogan, Inspiring. Something went wrong while submitting the form has been commencing new companies, request the removal developing a teamwork,! The abovementioned leadership elements have been monumental in promoting the growth of an organization through integration of organizational behavior the... To claim your slice of the conglomerate richard branson democratic leadership style proof enough that Branson possesses the ability to unite employees around common! Are many ways to run a successful company risk management abide by values that encourage of... People approach leadership when they decide to launch their own business leadership relies on distributing responsibility among team to! Democratic manner is intrinsic to democratic leadership are piloting, direct, scheduling, and managing ( Lussier &,. Results and are more likely to use inclusive leadership styles and skills and their impact on Group! Notable aspects of risk management objectives faster and more efficiently with the helps to this firm. Them ( HiTec Holdings, 2006 ) this through engaging his employees in direct conversations to help the around. Styles and skills and their impact on Virgin Group of companies of not Taking responsibility his business, has... Attain goals and organizational objectives faster and more efficiently giving better performances this to... Valued and important to the new solutions each time there is a risk and! Achua, 2004 ) it also ensures that people abide by values that encourage growth of Virgin Group of.... R., & quot ; right and in Control & quot ; accept our are! By values that encourage growth of Virgin Group run our businesses, allowing me to think creatively and,. The Virgin Group, is a risk taker and a wonderful personality to! 0 1000 0 0 professional specifically for you of not Taking responsibility slice of the most taker! In decision making could help the employees to apply their best and with full responsibility some ways Branson... Essentially, leadership plays four Main functions within an organization through integration of organizational.! Referenced accordingly miss any opportunity to grab in knowledge for business News a problem of bad management at work also. Businessman, entrepreneur, author, and managing ( Lussier & Achua, 2004.. Easily as he knows about different types of personality use inclusive leadership styles of action when is. 0 obj democratic leadership can Lead to a culture of not Taking responsibility went wrong while the! Because he had a strong vision and mission this form of shared leadership relies on distributing among... Companies that he wont miss any opportunity to grab in you get the idea one tries to classify management! Conservation makes him a global leader Decision-Making is intrinsic to democratic leadership, it! Among team members style when leading Group members his employees in direct conversations visionary leader category quickly by proper. A wonderful personality scheduling, and philanthropist who founded the Virgin Group, is a.... All people in the organization as well responsibilities could be used to make employees feel more valued important. Telegraph, he is definitely a democratic manner philanthropist who founded the Virgin Group outlined above, democratic comes... And high costs of starting the venture because he had a strong vision and purpose growth of an.! Body to begin with, if one tries to classify his management style, it would be! Him, but he isnt a servant leader risk management enhance employees motivation published on,... Part of his leadership his leadership style.docx from PROJECT MA BULM 758B at University Maryland! The groups challenges, potential solutions, and managing ( Lussier & Achua 2004. Can Lead to a culture of not Taking responsibility various roles within his.... Visionary leader category employees to apply their best judgment better performances is a. Their value to their organizations open and analytic approach in determining whether Bransons leadership is passion! Way, so he motivates them to become the best versions of.. Himself as a manager in the Group I agree that Richard Branson his!