Improves motivation and morale; Performance improves due to greater ownership for all team members Richard Branson is directly involved in the process of hiring new employees in his organization. You are free to use it for research and reference purposes in order to write your own paper; however, you The most obvious one was the role of his parents in his upbringing, which contributed to his work ethic. Kedharnath, U. 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. As part of the democratic leadership style, Richard Branson prefers to maintain healthy leader-member relationships. /ItalicAngle 0 As the founder of Virgin Group, Sir Richard Branson demonstrated a leadership style influenced by how his team members should be treated. 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. Participative Leadership: Perspectives of Community College Presidents. Work-related challenges increase the skills of employees as well as their value to their organizations. Democratic leadership style also comes with its fair share of disadvantages, this includes: 1. Thats never been the Virgin approach. 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. 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. When team members offer their opinions on a subject, members are likely to endorse the best-suggested views. References: Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. Offers a Leader a Diverse Set of Opinions. He always welcome the feedback and new ideas of the employees. This can make the democratic process chaotic. " Walk the floor, get to know your people ," Branson urged. This style may be effective in situations where quick decisions are needed, such as in emergency situations or when a . In his interview with Dan Schawbel, he revealed that he never learned any rule in the first place and therefore he can be called a rule breaker. /Length 2153 The Leadership of Richard Branson. /Leading 150 And that approach to leading people continues today. His philosophy is looking for the best since it is achievable (Branson, 2006). Employees work in clusters through a flat organizational structure to accomplish set objectives.. Transformational leadership is a leadership theory where a leader works with followers to identify the changes needed, create a vision through inspiration, and execute the change with a group of highly committed followers. Learn: Learning and leadership go together. His democratic leadership style is characterized by open-mindedness, vision, perseverance, creativity, change, innovation, and perseverance. After observing these traits, I would analyze them and draw conclusions. Each person holds different types of leadership personality which make him successful. I like to take chances on people, and whenever possible, promote from within it sends a great message to everyone in the company when someone demonstrates a passion for the job and leadership skills at every step along the way and is rewarded with a leadership role. Therefore, it is necessary for organizations to offer employees opportunities to advance their careers. << /CapHeight 716 Here are some examples of good democratic leaders today: Jack Dorsey is known for his democratic management style. For example, he doesnt have engineering experience to build airplanes. One of the most risk taker investors is Richard Branson without any doubt. 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. 1884 . This way a continuous process of improvement in leadership style is attained by Richard Brandson. he mentioned himself as a collaborative and democratic person. While he selects a person, he needs to select a perfect one. His views on company management and leadership are truly innovative and he is an entrepreneur who is constantly pushing the boundaries in his business ventures. Richard Branson likes to emphasize that he never learned the rules of running a success business. For instance, a good role model is one with hopeful wishes and confident. /StemV 78 /FirstChar 32 Be visible, note down what you hear and youll be surprised how much you learn, Richard Branson advised. He believes that no leader can be successful unless he is followed by efficient followers. Organizational Behavior in a Global Context. He is a highly confident person. He searches for the best person for a specific type of joband recruits him/her. If I ever said anything ill about somebody as a kid, she would send me to stand in front of the mirror for 10 minutes because she said it reflected so badly on me, and this has always stayed with me. There are many aspects of Bransons leadership that make him a global leader. 278 278 556 556 556 556 556 556 556 556 556 556 278 278 0 0 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. Many, many visions, actually. He thinks each person should be given responsibility according to his/her own interest and expertise. /Subtype /TrueType Personality before CV. Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. Selecting Leaders:Richard Branson is directly involved in the process of hiring new employees in his organization. 11 Most common leadership styles. Indeed, this strategy has been proved by various scholarly evidences to work even in different organizational settings. A leader can select a set of ideas or blend ideas together. Listening is one of the most important skills that anyone can have. This stuck with me and has certainly influenced my leadership style. 0 0 1015 667 667 722 722 667 611 778 722 278 500 667 556 833 See areas of improvement for correction for a better outcome in subsequent meetings.. He dumps problems quickly by giving proper solutions so that he wont miss any opportunity to grab in. He believes, people should be given freedom, and he acts accordingly. Leadership comes in different flavors applied to meet goals. GameStop undergoes makeover as 8 board members leave, Leadership and 10 Great Leaders from History. Helps Team Members Improve Their Knowledge. He believes that leadership is all about doing things that are right, as opposed to the approach of management of people that is deployed by many organizations that dwell on looking for mechanisms of doing things in the right ways. Two heads are better than one. (2019, June 17). Sir Richard Branson is the sixth wealthiest citizen of the United Kingdom. Born with acumen, perspicacity and prudence, he started his first business venture ,"Student" magazine at the age of 16 . As a leader, one should be a team builder. 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 fact is particularly true when the purpose of leadership serves the functions of taping the potential of various employees to influence the success of an organization. He is successful in building 400 companies under the brand name of Virgin. Delegation of duties and responsibilities could be used to make employees feel more valued and important to the organization. 5. He embraces change, creativity, and innovation thus enabling his companies to grow and dominate in various sectors. He has the potential to develop new plans and execute them quickly when things dont work as planned. And his book, "The Virgin Way: Everything I Know. According to Richard Branson, leadership plays various roles within his organization. Premium on transparency and open communication, Promotes group discussions leading to creative solutions, Leaders share the company's vision with members and ask for feedback. StudyCorgi. I also think its vital to quickly understand peoples strengths and weaknesses and determine how they fit and complement your own, adds Fuller. Finally, his visionary nature has been a key component of the groups expansion. A monthly letter issued to employees details his vision, plans, the groups challenges, potential solutions, and new plans. This growth has been achieved through the deployment of unique strategies of leadership, which mesh the attributes of multifaceted organizations such as the Virginia group. he mentioned himself as a collaborative and democratic person. 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). 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. StudyCorgi. Richard Branson, the founder of the Virgin Group, is a democratic leader with a participative leadership style. Richard Brandson applies transformational leadership. Richard Branson is an English investor, entrepreneur, businessman, author and philanthropist who founded the Virgin Group, which includes more than 400 companies that operate in various economic sectors (Branson, 2014). Bransons has aParticipativeorDemocraticstyle of leadership. Richard Branson is on the successful business person which follows democratic leadership approach. December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. He likes to follow the SWOT strategy. Leaked tax return reveals secret to pocketing $460,164 George Soross Most Undervalued Holding Is Surprising. Thank you! Richard Branson likes to help the people around him, but he isnt a servant leader. /MaxWidth 2000 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. "Leadership Style of Richard Branson." 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The leadership style followed by Richard Branson is a mixture of democratic, participative and transformational. How people coordinate their body movements while speaking and their facial expression also tell a lot. And that ability to engage with people and take them with him on the most challenging of business journeys he says is down to his mother, Eve Branson. /CapHeight 716 Effective leaders encourage team participation and group discussions. 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. Branson constantly looks for such ways and evaluates them critically to determine whether they can help to drive success of his line of business. His perspective reframes these failures as learning opportunities that make individuals, teams, and businesses more successful. /StemV 78 Leadership Style of Richard Branson. Branson's Democratic leadership style Branson could be an even more effective leader by adopting a democratic leadership style. On the other hand, their lack would lead to a conclusion that he is not a leader that I would like to work under. At Highrise, we understand that selecting a suitable leadership style is crucial to realizing positive outcomes. 6 0 obj The Leadership of Richard Branson. Branson management style and leadership skills were learnt in his day-to-day duties and interaction with people. Dan Schawbel is a speaker and best-selling author. It also ensures that people abide by values that encourage growth of an organization through integration of organizational behavior. 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. He has a net worth of $4.6 billion and owns 400 companies under the name of Virgin. He applies an adapting approach towards the organizational cultures and therefore allows his employees to develop formal and informal relations. He says: It was such a positive influence and I learned so much from him. According to Dearlove (2007), leadership is the ability of an individual to persuade, influence, motivate, empower, and influence a group of people in order to achieve certain results using specific strategies. As outlined above, democratic leadership comes with its pros and cons. 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. Bass, B., & Steidlmeier, P. (2009). In this line of argument, Richard Branson considers leadership as a means of making things happen because they are planned to happen. For example, he recruits anindividual person for individual jobs. Veritone vs C3.AI: Which Is Better AI Stock. 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. /FirstChar 32 Few of his renounced projects are Youth culture magazine The Student, Virgin Airways, Virgin Records, and Virgin Radio. This means then they should have the will to use the power they possess together with the employee to execute innovative ideas brought forwards by the employees According to Branson, another quality of a leader is being a role model. 0 0 0 556 556 500 556 556 278 556 556 222 222 500 222 833 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. Some entrepreneurs have been influenced by other business leaders. /Widths [ 278 333 0 0 0 0 0 0 333 333 0 0 0 333 He has confidence in his own work. Mills, J., Bratton, J., & Forshaw, C. (2006). In addition, more skills increase the availability and accessibility of opportunities in the labor market. While he selects a person, he needs to select a perfect one. Richard Branson believes in thinking different. 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. 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. This quote is explained further in the following article: Foundation for great customer care: Employees first, customers second. (Kavchik, I, 2017). /FontDescriptor 7 0 R Communication involves having an eye contact with listeners body movements (Hogan & Hogan, 2008). Adaptability Skill: As a leader and entrepreneur, Richard Branson has the skill of adapting himself to an unknown environment. There are many ways to run a successful company. (2008). Believes in Mentorship:Mentors are the great teachers. After a review of a team members input, the leader makes the final decision, often taking the majority view. Leadership Style of Richard Branson. He believes that giving freedom in decision making could help the employees to perform at their best and with full responsibility. What Might That Mean For The Economy? There are no rules. 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. Adaptability Skill: As a leader and entrepreneur, Richard Branson has the skill of adapting himself to an unknown environment. With the helps to this business firm make motivated to their employees for giving better performances. 2019. Need a custom Report sample written from scratch by 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. Team building is one of the pioneers of success in every organization and Richard Branson is keying into that successfully. I would adopt an open and analytic approach in determining whether Bransons leadership is fit for me as a manager in the group. As the founder of the Virgin Group, he has earned respect as an employer who has helped thousands of people to become innovative thinkers. Democratic Leadership Allows Efficiency in Problem Solving. Therefore, he is able to break the hierarchical systems of communication. Employees are more engaged and perform at their best when they are heard and valued at work. Strong leadership skills are vital for founders of growing businesses. "Leadership Style of Richard Branson." Great leaders often identify with a given leadership style when leading group members. The success of the conglomerate is proof enough that Branson possesses the ability to unite employees around a common vision and mission. Therefore, innovation and creativity are part of his leadership. This means that a leader should have the ability to develop teamwork to enhance employees motivation. Schawbel:What is your process for selecting leaders at Virgin? His ability to motivate and inspire employees has contributed significantly towards creating teams that are the foundation of the groups growth. He has a net worth of $4.6 billion and owns 400 companies under the name of Virgin. Branson created Virgin Management Limited to facilitate communication among the various companies that he heads (Dearlove, 2007). At times when decisions are important, Richard Branson makes decisions by taking the right moves for the companys betterment. 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. 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. When he select a person for his business, he can do it very easily as he knows about different types of personality. Few people, however, stand out like Richard Branson, the adventurer, author, and founder of the Virgin Group. The ability to motivate employees is another aspect of Bransons success. 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. This post may contain affiliate links or links from our sponsors. He is a good listener who listens to employees and takes their opinions into account when making important organizational decisions. 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. /FontBBox [-628 -376 2000 1056] It recently won a Queens Award in International Trade. Web. Subscribe now to get notified aboutexclusive stories from Industry Leaders. By coping up with the new environment . 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. In some ways, Branson is too flexible to fit into the visionary leader category. 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. A companys workflow will be interrupted and output delayed with a democratic leadership style.. He is well known for his. When group members have delegated powers, it can inadvertently result in many centers of power. One of the most notable aspects of his leadership is his passion for environmental conservation. Thats how Virgin is run. The characteristics of the Democratic leader's style are as followers: Democratic leadership styles are practiced in businesses, governments, academic institutions, and home environments. Lussier, R., & Achua, C. (2004). "The Leadership of Richard Branson." 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. https://ivypanda.com/essays/leadership-style-of-richard-branson/, IvyPanda. This has given leverage to employees to apply their best judgment. Should this investigation give positive feedback, attempts are made to rekindle the hopes of employees through delegation of responsibilities. Richard Branson believes in the delegation of authority. For example, he recruits anindividual person for individual jobs. 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( 2004.. 150 and that approach to leading people continues today and important to the organization leader can select a for! For his democratic leadership style is crucial to realizing positive outcomes employees richard branson democratic leadership style, customers second Better... This style may be effective in situations where quick decisions are important, Richard Branson is on the successful person... His renounced projects are Youth culture magazine the Student, Virgin Airways, Virgin Airways, Virgin,! Virgin Airways, Virgin Airways, Virgin Records, and new ideas the... Even in different flavors applied to meet goals how people coordinate their body while!