Employees come first. 8 0 obj " Walk the floor, get to know your people ," Branson urged. /FontBBox [-665 -325 2000 1040] Id hear how he rewarded good staff, gave credit and thanks, empowered people by helping them to develop as leaders themselves, and encouraged them to learn from their mistakes.. Richard Brandson applies transformational leadership. As a leader, one should be a team builder. Principle #1: Treat People As People. 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. Branson doesnt have all of the skills needed to make his visions come true. /Leading 150 Democratic leadership breeds a positive culture where ideas flow freely; thus, team members tend to feel more involved., 8. Retrieved from https://ivypanda.com/essays/leadership-style-of-richard-branson/. While talking with Forbes, he claimed that learning and leadership skills go hand in hand. In this extent, I agree that Richard Branson is indeed a global leader. The leadership of Richard Branson has dramatically influenced the success of his Virgin Empire (Kinicki & Fugate, 2016, p.151). 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. He likes to follow the SWOT strategy. Evidence of his leadership permeating a company can be seen by just about any Virgin Atlantic passenger, who is likely to have received a warm and welcoming customer experience when checking in or up in the skies. One of the most notable aspects of his leadership is his passion for environmental conservation. The Ability to Think Differently:Richard Branson believes in thinking different. Indeed, Bransons leadership is unique in several ways. As outlined above, democratic leadership comes with its pros and cons. This article will answer the question: What is democratic leadership? StudyCorgi, 29 Dec. 2020, studycorgi.com/the-leadership-of-richard-branson/. As he says we were not destined to be empty raincoats, nameless numbers on a payroll, role occupants, the raw material of economics or sociology, statistics in some government report.. /CreationDate (D:20170824232610+05'30') Whether in a multinational or a small business, the leadership style selected should inspire and foster a harmonious working environment. He has a net worth of $4.6 billion and owns 400 companies under the name of Virgin. He has a collaborative management approach that empowers his employees to reach the goals of the organization. "The Leadership of Richard Branson." (2019) 'Leadership Style of Richard Branson'. Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. He prioritizes the personality over the educational background. Autocratic leadership. Business the Richard Branson Way: 10 Secrets of the WorldsGreatest Brand. He considers finding the best person for the job and thereby offering them the authority to perform well and achieve targeted goals is the key to the success of an organization. IvyPanda. If you take care of your employees, they will take care of the clients. (Desk Director). Adaptability skill helped him to grow his business and fame faster. This means that time is wasted in attempting to articulate the ideas developed by employees with a practical solution for the success of an organization. Her key takeaway from those experiences was not to be afraid of someone elses success and to find the joy in seeing others doing brilliantly. /MissingWidth 278 Why Should You Shop for Home Insurance Even if You Arent Relocating? Thank you! With the helps to this business firm make motivated to their employees for giving better performances. Good leaders speak eloquently. He told about his own leadership approach in that interview. And that approach to leading people continues today. Bransons leadership traits mesh well with the running of his multifaceted organization. The database is updated daily, so anyone can easily find a relevant essay example. This gives him the opportunities to transfer responsibilities to individuals while he is not present physically in an operation. 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). 6. Finally, he uses his skills to coach his workers, communicate his decisions, and connect with employees. /LastChar 150 But with extreme wealth comes extreme responsibility. student. must. Passionate people find their way to the Virgin Group, and when they do, we snap them up and try to keep them within the family. While hiring, at first he checks the weakness of that person. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders. 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. One of his most famous quotes truly sums up his philosophy of leadership: Clients do not come first. At times when decisions are important, Richard Branson makes decisions by taking the right moves for the companys betterment. 2. These are piloting, direct, scheduling, and managing (Lussier & Achua, 2004). 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 leader should skillfully thread the thin line between tapping into the large pool of opinions from team members and giving in to every recommendation to maintain effectiveness., 5. His ventures such as Virgin Unite aim to bring peace and harmony among different countries in the world. << 0 0 1015 667 667 722 722 667 611 778 722 278 500 667 556 833 Advantages. His heart-warming approach unifies people and capitalism in a way Ive never seen attempted before. On the other hand, their lack would lead to a conclusion that he is not a leader that I would like to work under. /FirstChar 32 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. 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). Democratic leadership style, by its very nature, prioritizes honesty, so using this style of leadership brings in all the advantages of openness between a leader and team members. And it was one of the reasons I left school when I was 15 years old. 722 778 667 0 722 667 611 722 0 944 667 0 0 0 0 0 (2020, December 29). This post may contain affiliate links or links from our sponsors. Democratic Leadership can Lead to a Culture of not Taking Responsibility. While he might set a projects goal and offer his team guidance, he expects them to do the work required to get there. /Type /FontDescriptor By showing his appreciation for hard work, he keeps everyone focused on their tasks. He offers employees incentives such as training, high remuneration, a strong organizational culture, and vacations (Dearlove, 2007). (2011). Richard Branson Leadership Quotes "To me, business isn't about wearing suits or pleasing stockholders. From his failures with Virgin Cola to his successes with Virgin Atlantic, Branson has embraced teams of experts and let them run the show as they see fit, which sometimes means letting them fail. /Type /Font Trying to follow Richard Bransons leadership style would exhaust most businesspersons, but he seems to have a wealth of energy that makes him one of the most exciting entrepreneurs in the world. June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. 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.. When he select a person for his business, he can do it very easily as he knows about different types of personality. 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. A Democratic leader encourages people to share ideas and hold up decisions to scrutiny to identify weaknesses and disadvantages., 7. 0 0 0 722 722 722 722 667 611 778 722 0 0 722 611 0 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. This is evident from his decision to venture into businesses that operate in different economic sectors. 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. The Virginia Group is well aware that, in case it encounters situations that make people run away, and yet they are well remunerated, there must be an ample reason why this happens. Andrew Langat is an experienced content specialist in Leadership, Productivity, Education, Fintech, and Research. Democratic leadership works best when applied in certain situations. endobj 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. /ItalicAngle 0 << 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. /StemV 78 Lindsay Willott is founder and CEO of survey firm Customer Thermometer, which has seen its export sales grow by 268% in the last three years. Subscribe now to get notified aboutexclusive stories from Industry Leaders. A good role model believes in individuals, trusts, and shows confidence in them (HiTec Holdings, 2006). While he selects a person, he needs to select a perfect one. StudyCorgi. 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. >> Be visible, note down what you hear and youll be surprised how much you learn, Richard Branson advised. How to Wage War Against Implicit Bias in the Workplace? 17 June. 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. /Subtype /TrueType He takes genuine joy in his work and loves challenging ideas. Leadership has been a key factor in that success and Willott attributes much of that to learning from the leadership style of business philosopher Charles Handy. Its not surprising, then, that he never learned to fit into a specific style of leadership. Democratic leadership can be defined as the performance of three functions: distributing responsibility among the membership, empowering group members, and aiding the group 's decision-making process (Gastil, 1994). The democratic leadership style is often compared with the participative leadership style. The Ascender was created in 2021 by Highrise to connect professionnals & improve knowledge sharing in the field of business oriented coaching. Your privacy is extremely important to us. Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. Few people, however, stand out like Richard Branson, the adventurer, author, and founder of the Virgin Group. 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. Nicholson was also taught to welcome challenges and to recognize that he doesnt have all the answers and should therefore seek different views and expertise from others. Peoples opinions are thus given the first priority. 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. Branson has been adopting a law-breaking approach in his leadership approach . 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. He believes, people should be given freedom, and he acts accordingly. It cultivates a culture of Best Ideas wins.. 4. 0 0 0 222 222 333 333 0 556]>> Adaptability Skill: As a leader and entrepreneur, Richard Branson has the skill of adapting himself to an unknown environment. Organizational Behavior in a Global Context. His democratic style of leadership is characterized by traits such as charisma, perseverance, purpose, self-awareness, and open-mindedness (Dearlove, 2007). Branson is an international entrepreneur, adventurer, icon, and the founder of the Virgin Group. First, I would observe and analyze his style of communication, decision making, problem solving, readiness to focus on organizational goals, and treatment of employees. this process also tells people who are interested of this company that the company prefers the people who are passionate and have leadership skills. Effective leaders encourage team participation and group discussions. New York: Taylor & Francis. Richard Branson is one of the most iconic figures in the world today. Listening is one of the most important skills that anyone can have. /Length 2153 We will write a custom Report on Leadership Style of Richard Branson specifically for you for only $11.00 $9.35/page. From the student life, he has been commencing new companies. What Virgin values most in its leaders today; the ability to show a genuine interest and duty of care for their teams. 2020. Therefore, it is necessary for organizations to offer employees opportunities to advance their careers. He searches for the best person for a specific type of joband recruits him/her. StudyCorgi. I also think its vital to quickly understand peoples strengths and weaknesses and determine how they fit and complement your own, adds Fuller. (2020, December 29). 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. They have the ability to listen to their employees. Some of Virgin Groups constituent ventures that are highly successful include Virgin Atlantic, Virgin Galactic, Virgin Mobile, and Virgin Media (Branson, 2014). He encourages consensus among senior managers and favors delegation and more autonomy.. Adaptability Skill: As a leader and entrepreneur, Richard Branson has the skill of adapting himself to an unknown environment. Sir Branson unique leadership styles and qualities that have fashioned him into the entrepreneur he is today. The paper discusses Richard Bransons leadership styles and skills and their impact on Virgin group of Companies. This means that they should be multicultural. Opinions expressed by Forbes Contributors are their own. This enables him to collect feedback and opinions from employees. Hand in hand > > be visible, note down what you and. For hard work, he expects them to do the work required to get notified stories... 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