Schawbel:What is your process for selecting leaders at Virgin? Participative Leadership: Perspectives of Community College Presidents. >> Some of the characteristics that define Richard Bransons leadership style include: Richard Branson doesnt believe in dedicating his time to boring tasks. While hiring, at first he checks the weakness of that person. After all, the #1 stock is the cream of the crop, even when markets crash. Branson doesnt have all of the skills needed to make his visions come true. His ability to motivate and inspire employees has contributed significantly towards creating teams that are the foundation of the groups growth. 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). You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. Good leaders always keep team members appraised of good and bad events within the organization. He always came ahead to take the opportunity to start a new business, apply new technology in them and perform training, education and development programs on his employees. Mentors are the great teachers. Such a culture is detrimental to the long-term success of an organization or company. A less obvious one was the time his boss asked him to clean the toilets. Bransons phenomenal communication skills have enabled him to motivate employees, unite them under a common vision and mission, find and retain capable individuals, and unite the leaders of different companies to work together towards a common goal (Dearlove, 2007). Democratic Leadership can Lead to a Culture of not Taking Responsibility. He has a collaborative management approach that empowers his employees to reach the goals of the organization. International Journal of Selection and Development, 9(2), 40-51. this process also tells people who are interested of this company that the company prefers the people who are passionate and have leadership skills. 6 0 obj 1. Instead, his leadership style comes from his personality and learning from his own mistakes. endobj Personality before CV. 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. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders. It normally involves sending and receiving of messages. He does, after all, own Virgin Galactic, a company that tries to make flights faster by leaving the atmosphere. 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? /Descent -212 'Branson values removing barriers in the corporate hierarchy . Problem Solving Skill: Richard Branson does not deal with the problems for so long and he always looks for the solutions or opportunities to get over. Your email address will not be published. This quote is explained further in the following article: Foundation for great customer care: Employees first, customers second. (Kavchik, I, 2017). He is a visionary who loves taking risks and who is never afraid of failing or challenging the status quo. Boosts Jobs satisfaction and motivation. Laughter: My number one rule in business, and in life, is to enjoy what you do. % His open communication policy will ensure that employees express themselves and present their grievances that could be major sources of job dissatisfaction and poor performance. You dont learn to walk by following rules. He started his entrepreneurial journey in high school after founding a student magazine. Learn: Learning and leadership go together. Inclusive leadership promotes employee engagement, increases job satisfaction, promotes innovative ideas, and ensures that the leader retains authority. What Virgin values most in its leaders today; the ability to show a genuine interest and duty of care for their teams. My mum shaped my leadership style, he says. His approach to business is also unique in the sense that he does not fear engaging in any business. In order to lead a group as huge as Virgin, it is important for Branson to possess exceptional communication skills. 2020. Team building is one of the pioneers of success in every organization and Richard Branson is keying into that successfully. "The Leadership of Richard Branson." This is done with the understanding that the best ideas deliver the best outcome for an organization. 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. href="http://www.forbes.com/ebooks/the-forbes-quote-bible/?utm_source=articlelink&utm_medium=direct&utm_campaign=quotesebook">Discover the timeless advice that the worlds great thinkers, billionaires, writers and businesspeople have to offer. If you take care of your employees, they will take care of the clients. (Desk Director). 2. New York: John Wiley & Sons. 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. Branson, R. (2014). Tips for Running a Successful Fulfilled by Amazon Business. 278 278 556 556 556 556 556 556 556 556 556 556 278 278 0 0 Branson:1. Andrew Langat is an experienced content specialist in Leadership, Productivity, Education, Fintech, and Research. The Ability to Think Differently:Richard Branson believes in thinking different. Employees work in clusters through a flat organizational structure to accomplish set objectives.. He takes genuine joy in his work and loves challenging ideas. StudyCorgi. When he select a person for his business, he can do it very easily as he knows about different types of personality. Our strategy has been to screw business as usual. He thinks each person should be given responsibility according to his/her own interest and expertise. Listening is one of the most important skills that anyone can have. The characteristics of the Democratic leader's style are as followers: Democratic leadership styles are practiced in businesses, governments, academic institutions, and home environments. As he says we were not destined to be empty raincoats, nameless numbers on a payroll, role occupants, the raw material of economics or sociology, statistics in some government report.. Every business, like a painting, operates according to its own rules. Most people want to be listened to and appreciated at work, and focusing on these attributes as a leader will work better for everyone in the long run.. 3. Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. Be visible, note down what you hear and youll be surprised how much you learn, Richard Branson advised. The Leadership of Richard Branson. At Highrise, we understand that selecting a suitable leadership style is crucial to realizing positive outcomes. Most leaders who exercise democratic leadership often complement it with participative leadership. Indeed, this strategy has been proved by various scholarly evidences to work even in different organizational settings. Web. From the student life, he has been commencing new companies. /CreationDate (D:20170824232610+05'30') 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. This happens since democratic leadership relies on consensus. Therefore he carefully hires the employees for his team and stays in contact with them so that their views and thoughts can be utilized to bring improvement and innovative ideas in action. This post discusses the leadership skills and qualities of Richard Branson that helped him achieve success. Connect with him onLinkedIn. His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. He embraces change, creativity, and innovation thus enabling his companies to grow and dominate in various sectors. As the founder of the Virgin Group, he has earned respect as an employer who has helped thousands of people to become innovative thinkers. To forestall pitfalls associated with this approach, ask questions such as: How you organize the approach is as important as the outcome. /Encoding /WinAnsiEncoding This form of shared leadership relies on distributing responsibility among team members. 0 0 0 722 722 722 722 667 611 778 722 0 0 722 611 0 What did you learn from them early on that helped you develop your branding strategy? He rewards people for excelling, but he also encourages people to turn their mistakes into learning opportunities. Richard Branson is directly involved in the process of hiring new employees in his organization. IvyPanda. Each person holds different types of leadership personality which make him successful. Democratic leadership style, by its very nature, prioritizes honesty, so using this style of leadership brings in all the advantages of openness between a leader and team members. StudyCorgi. This became possible because he continued to transform his businesses as per the changing needs and demands. 722 778 667 778 722 667 611 722 667 944 0 667 611 0 0 0 The commitment is about doing things differently. The database is updated daily, so anyone can easily find a relevant essay example. 1. To be the Best Source of Business Strategy & Analysis. * 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. If I were to first characterize his leadership style I would say he is definitely a democratic leader. One of his most famous quotes truly sums up his philosophy of leadership: "Clients do not come first. He has a net worth of $4.6 billion and owns 400 companies under the name of Virgin. This stuck with me and has certainly influenced my leadership style. The group has grown rapidly because of his exceptional leadership to include more than 400 companies that operate in different economic sectors. With regard to HiTec Holdings (2006), the purpose of leadership in any organization is to avail new ideas and innovations. Apart from behavioral skills, communication skills constitute one of the attributes that a leader must possess. This would help me to determine his leadership style and priorities. Virgin Group is committed aligns its businesses in a manner that promotes environmental conservation. 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. Lets go further and try one of the most comprehensive coaching experience with us. /Type /FontDescriptor 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. Too much credit goes to me for what we have achieved at Virgin but the successes happen from working and learning with some of the worlds most inspiring and inspired people. 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. 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. Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. 2. Leadership comes in different flavors applied to meet goals. 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. IvyPanda, 17 June 2019, ivypanda.com/essays/leadership-style-of-richard-branson/. Do they favor brainstorming before making decisions? For instance, a good role model is one with hopeful wishes and confident. (2019, June 17). He considers all his employees equal and allows them to give their feedback and suggestions on his management style. One of the most notable aspects of his leadership is his passion for environmental conservation. To bring success to your business as well as to be a successful business leader you need to have a wide range of qualities and skills. What type of leader is Richard Branson? Bransons has aParticipativeorDemocraticstyle of leadership. And it was one of the reasons I left school when I was 15 years old. For example, he recruits anindividual person for individual jobs. Being a business person, he is also an investor and philanthropist. ensure the integrity of our platform while keeping your private information safe. 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. 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