On the other hand, their lack would lead to a conclusion that he is not a leader that I would like to work under. /MissingWidth 278 This has given leverage to employees to apply their best judgment. View Richard Branson and his leadership style.docx from PROJECT MA BULM 758B at University of Maryland. Dearlove, D. (2007). This means that Richard Branson communicates his vision of business to all people in the effort to garner their views. While managers strive to compel, leaders such as Richard Branson attempt to influence in the effort to make things done his way. He is a global leader because of his impact on the global economy and his efforts to bring peace in the world. Jack has fostered a working environment where all team members are free to speak up, collaborate and participate in the decision-making process., Tim Cook, the CEO of Apple, is a democratic leader, unlike his previous predecessor Steve Jobs autocratic style. Democratic Leadership Results in Higher Levels of Commitment. Leadership Theory, Application, Skill Development. Autocratic leadership. Work projects cannot be done within specific timelines due to multiple team members needing to work together. Nevertheless, his charisma and situational leadership approaches make him a respected Briton. June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. At Virgin, Branson has created a channel of open communication whose aim is to connect the management with employees and streamline business processes. This quote is explained further in the following article: Foundation for great customer care: Employees first, customers second. (Kavchik, I, 2017). This way Richard Brandson applies the democratic, participative and transformational style of leadership so that the efforts of all employees can be aligned towards the accomplishment of preset target goals and objectives meant to achieve long term target goals for the organization. Thank you! His business acuity and excellent leadership are the main factors that contribute to his success. /Flags 32 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. Branson is famous for his success in the business field with his unique characteristics, which are an attribute to his success. Straddling the EV-verse: A Bentley Venture, Driving Tomorrows: The Mercedes-Benz and Google Partnership, Subway Sandwiches Explore Sale Options After Profitable Makeover. 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. 278 0 0 0 0 0 0 0 0 0 0 0 333 0 0 0 Say Yes to Everything:Richard Branson has the attitude called Screw it, lets do it. There are no rules. This paper was written and submitted to our database by a student to assist your with your own studies. A person who has multiple degrees in your field isnt always better than someone with broad experience and a wonderful personality. The group has grown rapidly because of his exceptional leadership to include more than 400 companies that operate in different economic sectors. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Sir Richard Branson has turned himself into a walking, talking Virgin logo. 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 Branson unique leadership styles and qualities that have fashioned him into the entrepreneur he is today. /Ascent 905 What type of leader is Richard Branson? /LastChar 150 /AvgWidth 479 When group members have delegated powers, it can inadvertently result in many centers of power. Branson is an international entrepreneur, adventurer, icon, and the founder of the Virgin Group. /Length 2153 11 Most common leadership styles. He has a net worth of $4.6 billion and owns 400 companies under the name of Virgin. He thinks, the business that fulfills the needs of the people can create value vastly, it improves their lives. References: From the student life, he has been commencing new companies. /FontBBox [-628 -376 2000 1056] (2019) 'Leadership Style of Richard Branson'. As part of the democratic leadership style, Richard Branson prefers to maintain healthy leader-member relationships. 7 0 obj Branson has been able to overcome these challenges by embracing innovation and change. /FontDescriptor 7 0 R This leadership style empowers team members as they feel their decisions impact an organization.. %PDF-1.4 Most leaders who exercise democratic leadership often complement it with participative leadership. He is well known for his. << 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. He told about his own leadership approach in that interview. This gives him the opportunities to transfer responsibilities to individuals while he is not present physically in an operation. << The majority rules, but the whole group feels included. IvyPanda. See areas of improvement for correction for a better outcome in subsequent meetings.. Communication involves having an eye contact with listeners body movements (Hogan & Hogan, 2008). June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. How people coordinate their body movements while speaking and their facial expression also tell a lot. They are good at listening to others ideas and opinions. He thinks each person should be given responsibility according to his/her own interest and expertise. 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. Web. 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. stream /Type /Font As the founder of Virgin Group, Sir Richard Branson demonstrated a leadership style influenced by how his team members should be treated. How to Wage War Against Implicit Bias in the Workplace? If you keep using the site, you accept our. 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. Condenser Makes Drinking Water from Air without Using Energy. he mentioned himself as a collaborative and democratic person. << His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. As a leader, he wants people to feel the same way, so he motivates them to become the best versions of themselves. /Subtype /TrueType Delegation of duties and responsibilities could be used to make employees feel more valued and important to the organization. Experiences of bad management at work can also influence the way people approach leadership when they decide to launch their own business. The Ability to Delegate:Richard Branson believes in thedelegation. While he selects a person, he needs to select a perfect one. These incentives encourage team work and as such increase productivity, performance, and employee retention rates. He takes genuine joy in his work and loves challenging ideas. Based on the current performance of a leader, individuals stand a better chance of predicting the kind of leader one would be in the future. Risk Taking Capability:One of the most risk taker investors is Richard Branson without any doubt. We utilize security vendors that protect and Any organization employing people from diverse backgrounds recognizes the fact that people are the most important assets for attaining success in the long-term. "Leadership Style of Richard Branson." Participation leadership is used . Yes, he always says Yes to almost everything. The Leadership Quarterly, 10(2), 181- 237. In such a case, no one wants to take responsibility for missteps and mistakes. New York: John Wiley & Sons. Gains in productivity. endobj Why Should You Shop for Home Insurance Even if You Arent Relocating? A number of factors have helped define the leadership style of bitcoin exchange CoinCorner cofounder and CEO Danny Scott over the years. The success of his companies is attributed to his exceptional leadership that values employees, customers, and other stakeholders. At times when decisions are important, Richard Branson makes decisions by taking the right moves for the companys betterment. The Virgin Way: Everything I Know About Leadership. 0 0 0 556 611 556 611 556 333 611 611 278 0 556 278 889 2020. Branson's has a Participative or Democratic style of leadership. 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. For example, he recruits anindividual person for individual jobs. Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. 722 778 667 778 722 667 611 722 667 944 0 667 611 0 0 0 student. What is the best course of action when consensus is not realized. /Ascent 905 Later he started his own Airways service Virgin Airways. As the founder of the Virgin Group, he has earned respect as an employer who has helped thousands of people to become innovative thinkers. This strategy perhaps depicts well the democratic leadership style, which Kedharnath (2011) argues that works well in organizational settings where employees have high skill levels and knowledge. This post discusses the leadership skills and qualities of Richard Branson that helped him achieve success. A Democratic leader encourages people to share ideas and hold up decisions to scrutiny to identify weaknesses and disadvantages., 7. This perspective fuels his leadership style by making him an open-minded, social person willing to take risks. 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. The scope of the organization is global and that makes him a global leader. This helps employees to align their goals with those of the group (Sosik & Jung, 2012). 29 December. While he was struggling to have the Virgin Atlantic off the ground, he asked Sir Freddie Laker (The British Airline Entrepreneur) for guidelines. Facebook to Acquire the Waze App for $1BN? This inadvertently can result in other team members feeling less appreciated. Richard Branson also believes that giving ample attention to what his people think helps the Virginia group to move to the next business level. /XHeight 519 And that ability to engage with people and take them with him on the most. A less obvious one was the time his boss asked him to clean the toilets. One leadership style that is popular and often works well is Democratic leadership. This post may contain affiliate links or links from our sponsors. Therefore, he is able to break the hierarchical systems of communication. Since various management scholars have identified such approaches as influential in aiding an organization to remain competitive, it is anticipated that the Virginia Group will continue to succeed in the next five years by growing at a rate of10 percent annually. Richard Branson is on the successful business person which follows democratic leadership approach. International Journal of Selection and Development, 9(2), 40-51. To look at what it is our customer wants, and what it is the industry needs, and to go in and exceed their expectations. Branson management style and leadership skills were learnt in his day-to-day duties and interaction with people. What works once may never work again. This refers to a highly interactive style of leadership where employees are motivated and empowered to reach the goals of the organisation (Grasmick, 2012). /FontDescriptor 5 0 R 0 0 1015 667 667 722 722 667 611 778 722 278 500 667 556 833 He embraces change, creativity, and innovation thus enabling his companies to grow and dominate in various sectors. Richard Branson believes in thinking different. Listening is one of the most important skills that anyone can have. Named after the governmental system, the democratic leadership style is focused on bringing employee voices to the table while creating a unified business framework. Then in 1972, he opened a chain of record stores that later became popular as 'Virgin Megastores'. I learn so much from guests and employees that way. Hogan, R., & Hogan, J. Richard Branson is directly involved in the process of hiring new employees in his organization. The author has no position in any of the stocks mentioned. 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. 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. Instead, his leadership style comes from his personality and learning from his own mistakes. He believes that giving freedom in decision making could help the employees to perform at their best and with full responsibility. Helps Team Members Improve Their Knowledge. 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. Richard Branson can easily learn about different types of personality and their expertise. In such an organization, focusing on directing pushes employees towards perceiving themselves as being underrated in the extent that they are not permitted to make vital decisions for the organization, yet they have the required expertise and knowledge base to do so. Yes, he always says Yes to almost everything. Branson:1. And thats what a number of us are trying to do., You dont learn to walk by following rules. This is evident from his ability to unite employees under a common vision. Branson, R. (2014). Should this investigation give positive feedback, attempts are made to rekindle the hopes of employees through delegation of responsibilities. Richard Branson's Leadership Styles He has an informal leadership style, whereby the people he leads are to concentrate on the objective rather than how they look hence providing a lot of room for his employees to be innovative. As a leader, one should be a team builder. Lussier, R., & Achua, C. (2004). 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