richard branson democratic leadership stylerichard branson democratic leadership style

As the founder of the Virgin Group, he has earned respect as an employer who has helped thousands of people to become innovative thinkers. 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. He truly feels that getting other peoples input and listening to what. No matter what, as a leader you need to be very attentive to the words which are being delivered by your followers. /Flags 32 First, his companies employ people from different cultures and ethnicities and his businesses operate in different countries around the world (Sosik & Jung, 2012). Opinions expressed by Forbes Contributors are their own. 1 Richard Branson and His Leadership Style Student's 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. 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. /Leading 150 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. This has given leverage to employees to apply their best judgment. (2020) 'The Leadership of Richard Branson'. 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. As part of the democratic leadership style, Richard Branson prefers to maintain healthy leader-member relationships. Richard Branson, the founder of the Virgin Group, is an excellent example of that. The Leadership of Richard Branson. 8 0 obj Skill of Understanding the Need of a New Business:Richard Branson understands the need of the new businesses. This is done with the understanding that the best ideas deliver the best outcome for an organization. Great leaders often identify with a given leadership style when leading group members. Straddling the EV-verse: A Bentley Venture, Driving Tomorrows: The Mercedes-Benz and Google Partnership, Subway Sandwiches Explore Sale Options After Profitable Makeover. This fact lends itself well to companies or organizations with democratic leadership. He was born in the year of 1950. Being a business person, he is also an investor and philanthropist. No matter what, as a leader you need to be very attentive to the words which are being delivered by your followers. In a way, Richard Branson is a laissez-faire leader because he believes in letting people learn from their mistakes. His visionary leadership led to formation of an intermediary company that links all companies. In some ways, Branson is too flexible to fit into the visionary leader category. endobj As a leader, he wants people to feel the same way, so he motivates them to become the best versions of themselves. He has introduced more than 400 companies. Finally, his visionary nature has been a key component of the groups expansion. He likes to follow the SWOT strategy. He offers employees incentives such as training, high remuneration, a strong organizational culture, and vacations (Dearlove, 2007). Apart from behavioral skills, communication skills constitute one of the attributes that a leader must possess. /Descent -212 Sir Richard Branson has turned himself into a walking, talking Virgin logo. One of the most risk taker investors is Richard Branson without any doubt. 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. Role models possess a number of qualities such as caring for others and setting ample examples to the followers. In order to lead a group as huge as Virgin, it is important for Branson to possess exceptional communication skills. Oops! Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. An example of Bransons visionary leadership is Virgin Galactic that was started to explore the untapped field of space tourism. Web. Apart from incorporating different international standards and cultures into his business operations, he contributes towards the growth of the global economy. (2019) 'Leadership Style of Richard Branson'. Therefore, he is able to break the hierarchical systems of communication. The Ability to Delegate:Richard Branson believes in thedelegation. Helps Team Members Improve Their Knowledge. According to him, nothing can be achieved alone and no one cannot be a great leader without having great people to lead no matter what style you follow. Democratic Leadership can Lead to a Culture of not Taking Responsibility. Depending on your team members' skill levels, personalities, or education levels, you can opt to use different phases so that each member feels included. Is New Business Creation Still Setting Records? Personality before CV. 6 0 obj Listening is one of the most important skills that anyone can have. Community college journal of research and practice(1066-8926), 36 (2), p. 67. While talking with Forbes, he claimed that learning and leadership skills go hand in hand. Leaked tax return reveals secret to pocketing $460,164 George Soross Most Undervalued Holding Is Surprising. By coping up with the new environment . His heart-warming approach unifies people and capitalism in a way Ive never seen attempted before. I believe leading from the front is a great way to help encourage good team spirit.. This is IvyPanda's free database of academic paper samples. 'Branson values removing barriers in the corporate hierarchy . /AvgWidth 479 In such a situation, employees will be willing and eager to do jobs. And his book, "The Virgin Way: Everything I Know. 1. 7 0 obj 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. In fact, he is a transformational leader. See areas of improvement for correction for a better outcome in subsequent meetings.. Richard Branson likes to help the people around him, but he isnt a servant leader. By coping up with the new environment, Richard Branson is apt to face the challenges whilst creating innovative ideas to succeed in the business. June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. " Walk the floor, get to know your people ," Branson urged. Employee training and delegation of responsibilities are examples of ways that Branson is likely to use to motivate employees. /Leading 150 He believes in thelong-term relationship with people. Richard Branson, founder of Virgin Group; Jeff Bezos, founder of Amazon; Use the 6 Levels of Delegation to Become a Better Leader . Disclaimer: Services provided by StudyCorgi are to be used for research purposes only. While hiring, at first he checks the weakness of that person. /Flags 32 And that ability to engage with people and take them with him on the most. He is an avid reader and loves swimming as a hobby. /ItalicAngle 0 /CapHeight 716 Bransons leadership traits mesh well with the running of his multifaceted organization. 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. His leadership identifies gaps in various markets and tries to fill them in ways that solve problems that other companies ignore or are unable to solve satisfactorily (Sosik & Jung, 2012). Today,Branson's Pioneering Commercial Spaceflight Virgin Galactic announced a global partnership with Grey Goose Vodka. a) A democratic leadership style is exhibited by Richard Branson. It also ensures that people abide by values that encourage growth of an organization through integration of organizational behavior. . While talking with Forbes, he claimed that learning and leadership skills go hand in hand. You are free to use it for research and reference purposes in order to write your own paper; however, you Richard Branson, the founder of the Virgin Group, is a democratic leader with a participative leadership style. Recently, he has launched his new idea commercial space traveling. 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. Branson is a risk taker and a lover of challenges. She says: He has always written about businesses being a force for good in the lives of employees and customers and Ive tried to apply that philosophy in the businesses Ive founded. /FontName /ArialMT Mills, J., Bratton, J., & Forshaw, C. (2006). Born with acumen, perspicacity and prudence, he started his first business venture ,"Student" magazine at the age of 16 . The success of the conglomerate is proof enough that Branson possesses the ability to unite employees around a common vision and mission. Work-related challenges increase the skills of employees as well as their value to their organizations. 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. Dearlove, D. (2007). When someone does an excellent job, he praises them publicly to motivate others. This way consistent efforts are made by Richard Brandson to improve his business processes with new-age technology and highly skilled employees so that they could compete with the rising competition in the market and help the sustenance of the business. As the founder of Virgin Group, Sir Richard Branson demonstrated a leadership style influenced by how his team members should be treated. (2019, June 17). At Highrise, we understand that selecting a suitable leadership style is crucial to realizing positive outcomes. Richard Branson is absolutely a transformational leader. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. Lussier, R., & Achua, C. (2004). 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. Richard Branson is a British Business magnate and investor, best known as founder and chairman of Virgin Group. 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