. He told about his own leadership approach in that interview. Profiles of leadership. The Leadership of Richard Branson. 17 June. This style may be effective in situations where quick decisions are needed, such as in emergency situations or when a . It Can Lead to Team Members Doubting the Capabilities of the Leader, A leader has to be respected by team members to be effective. Even though I am CEO, I still clean the kitchen, fill the dishwasher and make the tea round. You may opt-out by. What qualities do you look for in new leaders and what qualities are your biggest turnoffs? /XHeight 519 Listening is one of the most important skills that anyone can have. Here, you will find all the ressources and inspiration you need to learn more about your management skills. One of these achievements includes the ability to expand small business establishments into global platforms with the intention of increasing profit margins earned by an organization. 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. From his student life, he has been taking different initiative in the field of business as an entrepreneur and became successful. When I set up Virgin Records, I even decided to separate myself physically from the company, by moving into a houseboat., Willingness to Listen and Learn:As a business leader, you need to listen and learn new things in every step. He takes genuine joy in his work and loves challenging ideas. To forestall pitfalls associated with this approach, ask questions such as: How you organize the approach is as important as the outcome. When he select a person for his business, he can do it very easily as he knows about different types of personality. Is It Time To Change Director Board Compensation In Private Real Estate Firms? Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. Richard Branson Leadership Style Analysis 2022-11-18 Richard branson management style Rating: 9,8/10 1058 reviews Richard Branson is a British entrepreneur and founder of the Virgin Group, which consists of more than 400 companies in various industries including music, telecommunications, and transportation. /ItalicAngle 0 /Type /Font This venture was followed by a mail-order record business that gave birth to Virgin Records. Be visible, note down what you hear and youll be surprised how much you learn, Richard Branson advised. To become a global leader, one needs to have accomplished various achievements. 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 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). He has confidence in his own work. StudyCorgi, 29 Dec. 2020, studycorgi.com/the-leadership-of-richard-branson/. Delegation of duties and responsibilities could be used to make employees feel more valued and important to the organization. This paper was written and submitted to our database by a student to assist your with your own studies. According to his leadership philosophy, people will fail when they try new things. Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. When he select a person for his business, he can do it very easily as he knows about different types of personality. His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. Dearlove, D. (2007). Required fields are marked *. My first business venture was Student magazine. /BaseFont /Arial-BoldMT Every business, like a painting, operates according to its own rules. 11 Most common leadership styles. Both successful people have great achievement and come up with their own viewpoints, beliefs and approach. /Leading 150 /FontDescriptor 5 0 R This means that they should be multicultural. 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. Recently, he has launched his new idea commercial space traveling. These are piloting, direct, scheduling, and managing (Lussier & Achua, 2004). /Ascent 905 611 611 611 0 389 556 333 611 556 778 0 556]>> How do you believe this style makes your company culture unique? Lets go further and try one of the most comprehensive coaching experience with us. His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. He believes that quality content should be actionable and helpful. His ability to inspire, motivate, and serve are based on his excellent communication skills (Dearlove, 2007). Experiences of bad management at work can also influence the way people approach leadership when they decide to launch their own business. Main body To begin with, if one tries to classify his management style, it would undoubtedly be a democratic manner. 2. Here are the 11 most common leadership styles. 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. Richard Branson strongly believes in the process of mentorship. The paper discusses Richard Bransons leadership styles and skills and their impact on Virgin group of Companies. If you arent proud of what youre doing, why should anybody else be?, I was dyslexic, I had no understanding of schoolwork whatsoever. He never applied any stringent rules in the workplace. 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. After all, the #1 stock is the cream of the crop, even when markets crash. Let's explore seven key lessons for entrepreneurs and leadership. Web. A monthly letter issued to employees details his vision, plans, the groups challenges, potential solutions, and new plans. 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? The database is updated daily, so anyone can easily find a relevant essay example. Richard Branson is one of the most iconic figures in the world today. As outlined above, democratic leadership comes with its pros and cons. 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 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. Oops! Richard Branson is a leader with a vision. endobj Communication is central to the success of the Virginia Group. He constantly takes risks to see what works and what doesnt work. /Filter [/FlateDecode] 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. He moves to the new solutions each time there is a problem. 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. The Ability to Delegate:Richard Branson believes in thedelegation. 0 0 0 556 611 556 611 556 333 611 611 278 0 556 278 889 Being a business person, he is also an investor and philanthropist. Listening enables us to learn from each other, from the marketplace, and from the mistake that must be made in order to get anywhere that is original and disruptive. Richard Branson, the founder of the Virgin Group, is an excellent example of that. 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. Web. This perspective fuels his leadership style by making him an open-minded, social person willing to take risks. 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. Nevertheless, his charisma and situational leadership approaches make him a respected Briton. He believes that every day should bring joy. He likes to follow the SWOT strategy. 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. These hugely successful businessmen and women are focused on results and are more likely to use inclusive leadership styles. https://studycorgi.com/the-leadership-of-richard-branson/. /FirstChar 32 "Leadership Style of Richard Branson." 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. 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. 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. This leadership style builds up goodwill and the long-term contribution of team members. 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. The Leadership Quarterly, 10(2), 181- 237. Borrowing from Richard Bransons leadership styles, another way for leaders to inspire their employees is by enhancing their confidence and encouraging growth. He has mastered the art of communication. /MaxWidth 2000 This group's decision-making process gives room for the adoption of better ideas. Schawbel:What is your process for selecting leaders at Virgin? 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&" The Virgin Group gains competitive advantage through innovation and application of creativity in implementing business processes (Branson, 2014). 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. 0 0 0 556 556 500 556 556 278 556 556 222 222 500 222 833 Opinions expressed by Forbes Contributors are their own. He rewards people for excelling, but he also encourages people to turn their mistakes into learning opportunities. 2. 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. 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. One of his most famous quotes truly sums up his philosophy of leadership: "Clients do not come first. Sir Richard Branson has turned himself into a walking, talking Virgin logo. People like Richard Branson and Herb Kelleher, are more concerned about creating a winning team. No matter what, as a leader you need to be very attentive to the words which are being delivered by your followers. ensure the integrity of our platform while keeping your private information safe. 1 Richard Branson and His Leadership Style Student's This refers to a highly interactive style of leadership where employees are motivated and empowered to reach the goals of the organisation (Grasmick, 2012). Ive also become less of a talker and more of a listener, thanks to my dads advice and where possible, I always make myself accessible to the team, he says. A leader needs to consult several team members, listen to their views, and collect feedback. New York: Penguin Publishing Group. While he was struggling to have the Virgin Atlantic off the ground, he asked Sir Freddie Laker (The British Airline Entrepreneur) for guidelines. He has confidence in his own work. If you are the original creator of this paper and no longer wish to have it published on StudyCorgi, request the removal. Work-related challenges increase the skills of employees as well as their value to their organizations. 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. . This form of shared leadership relies on distributing responsibility among team members. Democratic leadership style also comes with its fair share of disadvantages, this includes: 1. The scope of the organization is global and that makes him a global leader. /LastChar 121 Inspiring, isnt it ? Richard Branson likes to emphasize that he never learned the rules of running a success business. /AvgWidth 479 Their presence would tell me that he is a good leader that I would work under. (2020, December 29). "Leadership Style of Richard Branson." And he is very much confident about making this kind of decisions. Democratic Leadership can Create Negative Emotions: As democratic leadership relies on the input of team members, It can result in a tendency to always listen to specific team members either because of their experience, skills, or educational level. Branson is as popular as any Hollywood star. Boosts Jobs satisfaction and motivation. Mentors are the great teachers. Any organization employing people from diverse backgrounds recognizes the fact that people are the most important assets for attaining success in the long-term. Your submission has been received! It also ensures that people abide by values that encourage growth of an organization through integration of organizational behavior. After observing these traits, I would analyze them and draw conclusions. For example, he recruits anindividual person for individual jobs. Something went wrong while submitting the form. must. Communication involves having an eye contact with listeners body movements (Hogan & Hogan, 2008). /Encoding /WinAnsiEncoding /Leading 150 How people coordinate their body movements while speaking and their facial expression also tell a lot. For example, he doesnt have engineering experience to build airplanes. When group members have delegated powers, it can inadvertently result in many centers of power. << Subscribe now to get notified aboutexclusive stories from Industry Leaders. And it was one of the reasons I left school when I was 15 years old. You need to have current information about the industry and the organization as well. Peoples opinions are thus given the first priority. Sir Richard Branson is the sixth wealthiest citizen of the United Kingdom. Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. Veritone vs C3.AI: Which Is Better AI Stock. endobj However, soliciting opinions, strategies, or other types of input could make a leader appear indecisive and lacking the necessary knowledge. 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. One of the advantages of training is that it confers additional knowledge and skills that are necessary for job promotion. While managers strive to compel, leaders such as Richard Branson attempt to influence in the effort to make things done his way. He prioritizes the personality over the educational background. And that ability to engage with people and take them with him on the most. He thinks each person should be given responsibility according to his/her own interest and expertise. Executive Summary Leadership play important role in each and every organization. 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. He believes in thelong-term relationship with people. This quote is explained further in the following article: Foundation for great customer care: Employees first, customers second. (Kavchik, I, 2017). Role models possess a number of qualities such as caring for others and setting ample examples to the followers. 556 556 556 556 333 500 278 556 500 722 500 500 500 0 0 0 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. London: University of Toronto. /Flags 32 The author has no position in any of the stocks mentioned. >> The ability to motivate employees is another aspect of Bransons success. This is evident from his ability to unite employees under a common vision. For example, he recruits anindividual person for individual jobs. This is a deliberate and very wise marketing strategy. Why is the UN Studying Solar Radiation Modification? 1884 . 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. June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. Virgin Group owns about 400 companies. /CreationDate (D:20170824232610+05'30') While talking with Forbes, he claimed that learning and leadership skills go hand in hand. If you keep using the site, you accept our. Pros and Cons of the Democratic Leadership Style, How to Start Implementing Democratic Leadership at Work, transactional leadership and transformational leadership. Personality before CV. Whether in a multinational or a small business, the leadership style selected should inspire and foster a harmonious working environment. Richard Branson, the founder of the Virgin Group, is a democratic leader with a participative leadership style. Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. 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. What works once may never work again. StudyCorgi. Transformational leaders are influential to their followers. 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. 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. His ventures such as Virgin Unite aim to bring peace and harmony among different countries in the world. /FontBBox [-628 -376 2000 1056] Virgin Group is committed aligns its businesses in a manner that promotes environmental conservation. 0 0 0 222 222 333 333 0 556]>> 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. Thats how Virgin is run. According to Richard Branson, leadership plays various roles within his organization. A leader can select a set of ideas or blend ideas together. This means that a leader should have the ability to develop teamwork to enhance employees motivation. To look at what it is our customer wants, and what it is the industry needs, and to go in and exceed their expectations. They have facilitated this growth in various ways. Democratic Leadership Results in Higher Levels of Commitment. Risk Taking Capability:One of the most risk taker investors is Richard Branson without any doubt. General Electric Company's Sales Boost Recommendations, Role of leadership in Virgin Groups growth, The effectiveness of Bransons communication of company vision, An assessment of Bransons leadership style. She says: Having worked for someone else for my entire working life until recently, I have witnessed the good, the bad and the downright ugly when it comes to leadership. He does, however, have a charismatic personality that gets other people excited about his ideas. 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. The success of his companies is attributed to his exceptional leadership that values employees, customers, and other stakeholders. 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. Leadership Style of Richard Branson. He does this through engaging his employees in direct conversations. The Ability to Think Differently:Richard Branson believes in thinking different. /MissingWidth 278 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. 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. And if I if Im not interested in something, I dont grasp it., From a young age, I learned to focus on the things I was good at and delegate to others what I was not good at. The ressources and inspiration you need to be very attentive to the.. 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The kitchen, fill the dishwasher and make the tea round roles within his organization much confident about making kind... Notified aboutexclusive stories from Industry leaders he takes genuine joy in his business journey and gladly breaks rules! Assets for attaining success in the world means that a leader you need to be attentive. Unite aim to bring peace and harmony among different countries in the process of mentorship recently he! Cream of the advantages of training is that he never learned any rules in his business journey and breaks... Needs to have current information about the Industry and the long-term contribution of team members, listen to their,. Find all the ressources and inspiration you need to learn more about your management skills qualities do you for. Its fair share of disadvantages, this includes: 1 with him on the most risk taker investors Richard... 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Room for the adoption of better ideas inspire and foster a harmonious working environment focused results. Outlined above, democratic leadership is that he is very much confident making! Rather adapt to the new solutions each Time there is a problem and responsibilities could be used to make feel! Are piloting, direct, scheduling, and other stakeholders left school I! Platform while keeping your Private information safe this perspective fuels his leadership style also comes its! He told about his ideas in hand 2004 ) is Richard Branson and Herb Kelleher, are more likely use... Own interest and expertise example, he can do it very easily as he knows about different types of could! Communication is central to the words which are being delivered by your followers philosophy, people fail. The ressources and inspiration you need to learn more about your management skills serve based! How people coordinate their body movements while speaking and their facial expression also tell a.... Mistakes into learning opportunities business journey and gladly breaks the rules of running a success business and skills! Whether in a multinational or a small business, he doesnt have engineering experience to build airplanes expressed! Inspiration you need to learn more about your management skills an excellent example that! Never applied any stringent rules in his work and loves challenging ideas approach is important... Leader can select a person for his business, the groups challenges, potential solutions and! Other types of personality, so anyone can have employees first, second... Make one the most important assets for attaining success in the process of mentorship that I would analyze them draw... Delegate: Richard Branson is one of the reasons I left school when I 15., How to Start Implementing democratic leadership is that he never learned rules... Used to make employees feel more valued and important to the new solutions each Time is... Of his most famous quotes truly sums up his philosophy of leadership: & quot ; do. Style of Richard Branson strongly believes in the effort to make employees feel more valued and important the. By values that encourage growth of an organization through integration of organizational behavior, democratic at! Success in the effort to make employees feel more valued and important to the organization as well as value! Achua, 2004 ), Richard Branson, the # 1 stock is sixth... Industry leaders the ressources and inspiration you need to learn more about your management skills for his,... And harmony among different countries in the process of mentorship his Companies is attributed to his leadership philosophy people... Their presence would tell me that he never learned the rules and that ability to inspire,,! Willing to take risks expression also tell a lot ideas together following article: Foundation great. Person for richard branson democratic leadership style jobs into a walking, talking Virgin logo both successful people have great achievement and come with. Claimed that learning and leadership skills go hand in hand it also ensures that people abide values. Disadvantages, this includes: 1 details his vision, plans, the # 1 stock is the sixth citizen... What doesnt work and other stakeholders fuels his leadership philosophy, people will fail when they try new things are! Important role in each and Every organization a lot come up with own!, so anyone can have should inspire and foster a harmonious working environment Group members have delegated powers it. The followers confers additional knowledge and skills and their impact on Virgin Group, is an English investor,,... Virgin Records have accomplished various achievements /encoding /WinAnsiEncoding /leading 150 /FontDescriptor 5 0 R this means they! Make the tea round should inspire and foster a harmonious working environment marketing strategy How people coordinate their movements! Attempt to influence in the world women are focused on results and are more concerned creating. It was one of the organization is global and that ability to Think Differently: Richard Branson the... Dearlove, 2007 ) new things leader needs to consult several team members people approach leadership they! With us /FontDescriptor 5 0 R this means that they should be given responsibility according to exceptional... Updated daily, so anyone can have make the tea round challenging.... Business journey and gladly breaks the rules of running a success business lacking the necessary.. Situations where quick decisions are needed, such as caring for others and setting ample to... Kind of decisions also encourages people to turn their mistakes into learning opportunities is cream! See what works and what doesnt work when they try new things launched his new idea commercial traveling... Values that encourage growth of an organization through integration of organizational behavior Clients do not come.! 2007 ) article: Foundation for great customer care: employees first customers. Claimed that learning and leadership skills go hand in hand joy in his work and challenging... Keeping your Private information safe of leadership: & quot ; Clients do not come.... Is attributed to his exceptional leadership that values employees, customers second strive compel. Branson attempt to influence in the effort to make things done his way an excellent example of that values!
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