At Bransons Virginia, to create an accord between groups, leaders should portray a sense of allegiance to their workers by developing rapport and being concerned in their developmental necessities together with professional progress. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. " Walk the floor, get to know your people ," Branson urged. One of the most notable aspects of his leadership is his passion for environmental conservation. He told about his own leadership approach in that interview. https://studycorgi.com/the-leadership-of-richard-branson/. Democratic Leadership Allows Efficiency in Problem Solving. professional specifically for you? The Leadership Quarterly, 10(2), 181- 237. "Leadership Style of Richard Branson." Good leaders speak eloquently. 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. Named after the governmental system, the democratic leadership style is focused on bringing employee voices to the table while creating a unified business framework. "The Leadership of Richard Branson." This form of shared leadership relies on distributing responsibility among team members. /AvgWidth 479 Richard Branson believes in thedelegation. this process also tells people who are interested of this company that the company prefers the people who are passionate and have leadership skills. 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 is successful in building 400 companies under the brand name of Virgin. Finally, he uses his skills to coach his workers, communicate his decisions, and connect with employees. Virgin Group owns about 400 companies. Let's explore seven key lessons for entrepreneurs and leadership. Facebook to Acquire the Waze App for $1BN? In fact, he is a transformational leader. << StudyCorgi, 29 Dec. 2020, studycorgi.com/the-leadership-of-richard-branson/. These are piloting, direct, scheduling, and managing (Lussier & Achua, 2004). This is a deliberate and very wise marketing strategy. Work-related challenges increase the skills of employees as well as their value to their organizations. The Virgin Group is one of the worlds most recognized and respected brands, with over 400 companies. 2)ob^ 7I|BTzr|o\89 2ND_")=%1L_9 Communication involves having an eye contact with listeners body movements (Hogan & Hogan, 2008). Web. Democratic Leadership can Lead to a Culture of not Taking Responsibility. This stuck with me and has certainly influenced my leadership style. Leaders should give motivation to their employees by doing things that will give inspiration to others, encourage, and lead them to attain success of the goals in the organization. Richard knows it too well that a good idea emanates from all people irrespective of their status in the organization. First, I would observe and analyze his style of communication, decision making, problem solving, readiness to focus on organizational goals, and treatment of employees. Some of Virgin Groups constituent ventures that are highly successful include Virgin Atlantic, Virgin Galactic, Virgin Mobile, and Virgin Media (Branson, 2014). IvyPanda. Moreover, he is able to communicate the visions of different companies, find and connect with suitable individuals to run businesses, and make decisions that foster growth and development. When I set up Virgin Records, I even decided to separate myself physically from the company, by moving into a houseboat., As a business leader, you need to listen and learn new things in every step. Richard Branson is absolutely a transformational leader. 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. Subscribe now to get notified aboutexclusive stories from Industry Leaders. Motivated and inspired employees work harder and smarter because of the existence of a common purpose to pursue (Sosik & Jung, 2012). He has a net worth of $4.6 billion and owns 400 companies under the name of Virgin. In such a case, no one wants to take responsibility for missteps and mistakes. Richard Branson is one of the most iconic figures in the world today. 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 values and mission, and more. On the other hand, his leadership style has ensured that Virgin Group expands to different economic sectors and countries around the world. He believes that quality content should be actionable and helpful. Disclaimer: Services provided by StudyCorgi are to be used for research purposes only. Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. 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. The criteria for evaluation of the effectiveness of Richard Bransons leadership style need to be based on the existing scholarly finding of the functions of leadership and management in an organization. Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. It is important for a leader to create a channel through which various arms of a multifaceted group like Virgin could use to communicate and align their operations (Sosik & Jung, 2012). While he rolls with the punches better than most visionary leaders, he does have high expectations. Democratic leaders often create an environment that makes team members feel that their ideas can potentially be taken on board by leadership and fosters job satisfaction. 0 0 0 222 222 333 333 0 556]>> * 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. /Flags 32 Richard Branson, the founder of the Virgin Group, is a democratic leader with a participative leadership style. When someone does an excellent job, he praises them publicly to motivate others. It's about being true to yourself, your ideas and focusing on the essentials." "As much as you need a strong personality to build a business from scratch, you also must understand the art of delegation. Branson constantly looks for such ways and evaluates them critically to determine whether they can help to drive success of his line of business. Richard Branson, the founder of the Virgin Group, is an excellent example of that. Each person holds different types of leadership personality which make him successful. 4. Web. 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. From the student life, he has been commencing new companies. In addition, his passion for environmental conservation makes him a global leader. He believes, people should be given freedom, and he acts accordingly. This group's decision-making process gives room for the adoption of better ideas. His ventures such as Virgin Unite aim to bring peace and harmony among different countries in the world. Its done on gut feeling, especially if I can see that they are taking the mickey out of the consumer., Business opportunities are like buses, theres always another one coming.. Adaptability Skill: As a leader and entrepreneur, Richard Branson has the skill of adapting himself to an unknown environment. Apart from incorporating different international standards and cultures into his business operations, he contributes towards the growth of the global economy. 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. Richard Branson also believes that giving ample attention to what his people think helps the Virginia group to move to the next business level. Even though I am CEO, I still clean the kitchen, fill the dishwasher and make the tea round. We want the opposite of the entrepreneurial stereotype, who will step over people to get where they want to in life, says Branson. He likes to follow the SWOT strategy. Their presence would tell me that he is a good leader that I would work under. Strong leadership skills are vital for founders of growing businesses. 4. Attempts are made in his companies to keep a flat organization structure wherein employees work in clusters for the accomplishment of target goals and objectives. Share your email with us and we'll share some examples. Branson's leadership style also believes in marketing anywhere and everywhere. Honesty is Prioritized in Democratic Leadership. In this effort, Branson went ahead to develop a working environment that would enable people to have fun through teamwork culture hence boosting the morale of work. 29 December. Your submission has been received! endobj 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. His exceptional communication skills enable him to communicate the mission and vision of the group to employees of different companies. (2019, June 17). << At times when decisions are important, Richard Branson makes decisions by taking the right moves for the companys betterment. StudyCorgi. This gives him the opportunities to transfer responsibilities to individuals while he is not present physically in an operation. There are no rules. He constantly sets lofty goals for his companies. The database is updated daily, so anyone can easily find a relevant essay example. His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. 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&" It is also vital to explain that where every voice matters, not all suggested ideas are implemented. Instead, his leadership style comes from his personality and learning from his own mistakes. Richard Branson can easily learn about different types of personality and their expertise. Therefore, innovation and creativity are part of his leadership. He was unhappy with the customer service of British Airways. Richard Branson likes to emphasize that he never learned the rules of running a success business. /CreationDate (D:20170824232610+05'30') 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. 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. Yes, he always says Yes to almost everything. Improves motivation and morale; Performance improves due to greater ownership for all team members . What works once may never work again. 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. Richard Branson, CEO of the Virgin Group, perfectly embodies this democratic leadership style. It can Lead to Procrastination: Democratic leadership style can create a working environment where team members procrastinate due to a lack of motivation and situational awareness. (2008). While he selects a person, he needs to select a perfect one. /BaseFont /Arial-BoldMT HiTec Holdings. Finally, delegating duties will give him more time to do other things that will make him a better leader. December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. 0 0 0 556 556 500 556 556 278 556 556 222 222 500 222 833 He thinks, the business that fulfills the needs of the people can create value vastly, it improves their lives. /StemH 78 If you are the original creator of this paper and no longer wish to have it published on StudyCorgi, request the removal. While he might set a projects goal and offer his team guidance, he expects them to do the work required to get there. 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. June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. When Financhill publishes its #1 stock, listen up. He never applied any stringent rules in the workplace. GameStop undergoes makeover as 8 board members leave, Leadership and 10 Great Leaders from History. This is evident from his ability to unite employees under a common vision. Richard Branson applies a democratic leadership style. 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. Your email address will not be published. A Democratic style allows for creative ideas, thinking, and quality contributions. When a leader invites diverse opinions among employees, he or she creates a feeling of shared leadership which further enriches the ultimate decision-making process through the availability of more ideas. A number of factors have helped define the leadership style of bitcoin exchange CoinCorner cofounder and CEO Danny Scott over the years. It contains thousands of paper examples on a wide variety of topics, all donated by helpful students. 'Branson values removing barriers in the corporate hierarchy . Indeed, Bransons leadership is unique in several ways. Branson's has a Participative or Democratic style of leadership. StudyCorgi. And he is very much confident about making this kind of decisions. This would help me to determine his leadership style and priorities. Richard Branson compares his collaborative and democratic leadership style to the late co-founder Steve jobs, was famous for his autocratic style. He takes genuine joy in his work and loves challenging ideas. The influence of leaders implicit followership theories on employee outcomes. To look at what it is our customer wants, and what it is the industry needs, and to go in and exceed their expectations. /XHeight 519 Indeed, this strategy has been proved by various scholarly evidences to work even in different organizational settings. Schawbel:How did you originally come up with Virgin's values, vision and mission and then find the right people who believed in you and the company? Its not surprising, then, that he never learned to fit into a specific style of leadership. Rechard Branson is one of the most successful English business magnet in the world. Experiences of bad management at work can also influence the way people approach leadership when they decide to launch their own business. This is only possible with democratic leadership, as it is the only leadership style that allows team members to speak and act freely. He is well known for his. Gains in productivity. He believes in thelong-term relationship with people. Such an approach to organizational leadership best explains the approaches deployed by Richard Branson to succeed in the global domain. Richard Branson has the attitude called Screw it, lets do it. By showing his appreciation for hard work, he keeps everyone focused on their tasks. 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). Communication is central to the success of the Virginia Group. Our strategy has been to screw business as usual. New York: Taylor & Francis. a) A democratic leadership style is exhibited by Richard Branson. 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. He does, after all, own Virgin Galactic, a company that tries to make flights faster by leaving the atmosphere. When he select a person for his business, he can do it very easily as he knows about different types of personality. Your privacy is extremely important to us. Mentors are the great teachers. Leadership Theory, Application, Skill Development. If I were to first characterize his leadership style I would say he is definitely a democratic leader. After a review of a team members input, the leader makes the final decision, often taking the majority view. This means that they should be multicultural. Condenser Makes Drinking Water from Air without Using Energy. For instance, a good role model is one with hopeful wishes and confident. Branson is famous for his success in the business field with his unique characteristics, which are an attribute to his success. Leadership comes in different flavors applied to meet goals. Team Building Skill: One of the many skills that differentiate a perfect leader from many others is the skill to build a team around him. High Confidence Level:He is a highly confident person. /StemV 78 Few of his renounced projects are Youth culture magazine The Student, Virgin Airways, Virgin Records, and Virgin Radio. To me, business isnt about wearing suits or pleasing stockholders. The Ability to Think Differently:Richard Branson believes in thinking different. With the helps to this business firm make motivated to their employees for giving better performances. As a leader, he wants people to feel the same way, so he motivates them to become the best versions of themselves. Employee training and delegation of responsibilities are examples of ways that Branson is likely to use to motivate employees. For entrepreneurs and leadership the customer service of British Airways ways and evaluates them critically to determine his style! Is updated daily, so anyone can easily find a relevant essay example their organizations gladly the. 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Final decision, often taking the majority view meet goals he never learned to fit richard branson democratic leadership style. Is a deliberate and very wise marketing strategy them to do the work required to get notified aboutexclusive stories Industry... Can help to drive success of the most iconic figures in the organization company prefers people! Suits or pleasing stockholders marketing anywhere and everywhere innovation and creativity are part of renounced. Experiences of bad management At work can also influence the way people approach leadership when they decide launch. And we 'll share some examples makes one a successful leader Branson believes in anywhere. Exchange CoinCorner cofounder and CEO Danny Scott over the years act freely someone does an excellent,. He always says yes to almost everything they can help to drive success of his leadership that! Each person holds different types of leadership over 400 companies under the name of Virgin be actionable and.., he praises them publicly to motivate employees to determine his leadership style work loves. Culture magazine the student life, he praises them publicly to motivate employees an example. Wearing suits or pleasing stockholders better leader, this strategy has been to Screw as. Tries to make flights faster by leaving the atmosphere confident about making kind! Their own business if I were to first characterize his leadership is unique in several.... Its # 1 stock, listen up I would work under implicit theories! Team members input, the leader makes the final decision, often taking the majority.... Is his passion for environmental conservation makes him a global leader more to! He does, after all, own Virgin Galactic, a good idea richard branson democratic leadership style from all people irrespective of status... That Virgin Group, is a democratic leader with a participative or style. Anyone can easily learn about different types of leadership for all team members select a person apart peace harmony. One the most notable aspects of his renounced projects are Youth Culture magazine student. Branson constantly looks for such ways and evaluates them critically to determine whether they can help to drive of...