A Democratic leader encourages people to share ideas and hold up decisions to scrutiny to identify weaknesses and disadvantages., 7. Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. Richard Brandson applies a participative leadership style. Richard Branson has the attitude called Screw it, lets do it. 278 0 0 0 0 0 0 0 0 0 0 0 333 0 0 0 We want the opposite of the entrepreneurial stereotype, who will step over people to get where they want to in life, says Branson. He is an English businessman and a venture capitalist. New York: Penguin Publishing Group. Branson, R. (2014). Richard Branson (Photo credit: BBC) endobj 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. 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. Some of Virgin Groups constituent ventures that are highly successful include Virgin Atlantic, Virgin Galactic, Virgin Mobile, and Virgin Media (Branson, 2014). June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. 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. See areas of improvement for correction for a better outcome in subsequent meetings.. When a leader invites diverse opinions among employees, he or she creates a feeling of shared leadership which further enriches the ultimate decision-making process through the availability of more ideas. As an organization, the Virgin Group has been of great interest to the public and business experts worldwide, especially given Richard Branson's creative leadership style in running and growing the enterprise. /Length 2153 Save my name, email, and website in this browser for the next time I comment. /CapHeight 716 This post discusses the leadership skills and qualities of Richard Branson that helped him achieve success. Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. Bransons has aParticipativeorDemocraticstyle of leadership. 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. He believes, people should be given freedom, and he acts accordingly. Branson is as popular as any Hollywood star. He has confidence in his own work. All Rights Reserved. /StemH 78 How people coordinate their body movements while speaking and their facial expression also tell a lot. Thats a very Virgin trait. This communication strategy is effective in helping to communicate his visions since bureaucracy has the effect of slowing the top-down communication channel (Kedharnath, 2011). Effective leaders encourage team participation and group discussions. While developing a teamwork consensus, it crucial for a leader to ensure that employees are empowered (HiTec Holdings, 2006). Branson doesnt have all of the skills needed to make his visions come true. Leaders should communicate with people from different cultures. Bass, B., & Steidlmeier, P. (2009). He believes that quality content should be actionable and helpful. In fact, he is a transformational leader. To become a global leader, one needs to have accomplished various achievements. What qualities do you look for in new leaders and what qualities are your biggest turnoffs? Work projects cannot be done within specific timelines due to multiple team members needing to work together. Virgin Group is committed aligns its businesses in a manner that promotes environmental conservation. Lets go further and try one of the most comprehensive coaching experience with us. 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. In such a situation, employees will be willing and eager to do jobs. Branson has been able to overcome these challenges by embracing innovation and change. In addition, his passion for environmental conservation makes him a global leader. If you take care of your employees, they will take care of the clients. (Desk Director). As part of the democratic leadership style, Richard Branson prefers to maintain healthy leader-member relationships. Motivated and inspired employees work harder and smarter because of the existence of a common purpose to pursue (Sosik & Jung, 2012). As a leader, you should always be listening. His democratic style of leadership is characterized by traits such as charisma, perseverance, purpose, self-awareness, and open-mindedness (Dearlove, 2007). StudyCorgi. Offers a Leader a Diverse Set of Opinions. And he is very much confident about making this kind of decisions. There are no rules. He searches for the best person for a specific type of joband recruits him/her. He shares what he knows, but he also understands that people learn best from action. 0 0 0 556 611 556 611 556 333 611 611 278 0 556 278 889 Employees are expected to be active participants and governance relies on team building, communication, consensus, autonomy, commitment and balance. SpaceXs Starship Launch to Be Held in March: Is It a Flight of Fancy? 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. /Subtype /TrueType The paper discusses Richard Bransons leadership styles and skills and their impact on Virgin group of Companies. << Branson:1. 722 778 667 778 722 667 611 722 667 944 0 667 611 0 0 0 He is the founder of Virgin Group which has control over 400 companies. Dan Schawbel: How would you describe your leadership style? He is a global leader because of his impact on the global economy and his efforts to bring peace in the world. 2023 Industry Leaders Magazine. Is It Time To Change Director Board Compensation In Private Real Estate Firms? Branson's has a Participative or Democratic style of leadership. %PDF-1.4 This style may be effective in situations where quick decisions are needed, such as in emergency situations or when a . 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. Boosts Jobs satisfaction and motivation. Andrew Langat is an experienced content specialist in Leadership, Productivity, Education, Fintech, and Research. Working in teams ensures that employees attain goals and organizational objectives faster and more efficiently. When he select a person for his business, he can do it very easily as he knows about different types of personality. He considers finding the best person for the job and thereby offering them the authority to perform well and achieve targeted goals is the key to the success of an organization. Walt Disney A Transformational and Charismatic Leader, Emmeline Pankhurst A Transformational Leader, Mentoring, Coaching & Professional Learning, Foundation for great customer care: Employees first, customers second., Participative Leadership: Perspectives of Community College Presidents. Such an approach to organizational leadership best explains the approaches deployed by Richard Branson to succeed in the global domain. Leadership style of Richard Branson For this report, a leader has been selected and the selected leader is Richard Branson. 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. A person who has multiple degrees in your field isnt always better than someone with broad experience and a wonderful personality. He mentioned in an interview. He never applied any stringent rules in the workplace. 6. endobj While hiring, at first he checks the weakness of that person. 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. If you arent proud of what youre doing, why should anybody else be?, I was dyslexic, I had no understanding of schoolwork whatsoever. For instance, Hogan and Hogan (2008) argue that, when monetary rewards cease from being sources of motivation, organization consider delegation of responsibilities as a means of keeping employees motivated (p.43). And his book, "The Virgin Way: Everything I Know. Richard Branson believes in thinking different. 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. At Highrise, we understand that selecting a suitable leadership style is crucial to realizing positive outcomes. Its about being true to yourself, your ideas and focusing on the essentials., A passionate belief in your business and personal objectives can make all the difference between success and failure. Nicholson was also taught to welcome challenges and to recognize that he doesnt have all the answers and should therefore seek different views and expertise from others. Risk Taking Capability:One of the most risk taker investors is Richard Branson without any doubt. Here are the 11 most common leadership styles. He started his entrepreneurial journey in high school after founding a student magazine. /Type /Font Finally, delegating duties will give him more time to do other things that will make him a better leader. How to Wage War Against Implicit Bias in the Workplace? Gains in productivity. While hiring, at first he checks the weakness of that person. If unchecked, this can lower morale and breed resentment. Richard Branson believes in thedelegation. Your submission has been received! Branson is an international entrepreneur, adventurer, icon, and the founder of the Virgin Group. (2020, December 29). Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. 2019. Indeed, Bransons leadership is unique in several ways. StudyCorgi. Career advancement is an important aspect in the professional lives of many employees. 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. Employees are offered the opportunity to present their ideas regarding ways in which business processes and operations can be improved. /ItalicAngle 0 Financhill has a disclosure policy. Creating a happy, cohesive, successful team than about being "Right and in Control". << This enables him to collect feedback and opinions from employees. /Type /FontDescriptor /StemV 78 "The Leadership of Richard Branson." Richard Branson, CEO of the Virgin Group, is another democratic leader who empowers his employees to reach his company's goals. Richard Branson is one of the most iconic figures in the world today. 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. Many, many visions, actually. High productivity and performance guarantees good returns and growth. Richard Branson applies a democratic leadership style. Richard Branson, founder of Virgin Group; Jeff Bezos, founder of Amazon; Use the 6 Levels of Delegation to Become a Better Leader . 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. The group has grown rapidly because of his exceptional leadership to include more than 400 companies that operate in different economic sectors. He does, after all, own Virgin Galactic, a company that tries to make flights faster by leaving the atmosphere. As mentioned earlier, Virgin Groups growth and success are partly attributed to Bransons excellent communication skills because is able to communicate the mission and vision of the group to employees who rally behind him in order to achieve them (Dearlove, 2007). >> Stiff competition and the unpredictability of financial markets are some of the reasons why many companies fail or achieve average success. Adaptability skill helped him to grow his business and fame faster. Condenser Makes Drinking Water from Air without Using Energy. 0 0 0 556 556 500 556 556 278 556 556 222 222 500 222 833 Richard Branson is on the successful business person which follows democratic leadership approach. Sir Richard Branson is the sixth wealthiest citizen of the United Kingdom. Web. He was unhappy with the customer service of British Airways. Branson created Virgin Management Limited to facilitate communication among the various companies that he heads (Dearlove, 2007). /Encoding /WinAnsiEncoding Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. Grasmick, L. (2012). According to his leadership philosophy, people will fail when they try new things. Be visible, note down what you hear and youll be surprised how much you learn, Richard Branson advised. When Financhill publishes its #1 stock, listen up. To forestall pitfalls associated with this approach, ask questions such as: How you organize the approach is as important as the outcome. For Paul Nicholson founder and CEO of property development firm Luxor Group, it was the wise words of his businessman father that defined his own style of leadership. He was keen to form a great workforce around him which led him to his accomplishment. November 5, 2020 by Amy Campos. In this line of argument, Richard Branson considers leadership as a means of making things happen because they are planned to happen. 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. Rechard Branson is one of the most successful English business magnet in the world. He searches for the best person for a specific type of joband recruits him/her. 29 December. This means that they should be multicultural. I also think its vital to quickly understand peoples strengths and weaknesses and determine how they fit and complement your own, adds Fuller. They have facilitated this growth in various ways. /CapHeight 716 He does, however, have a charismatic personality that gets other people excited about his ideas. Richard Branson, CEO of the Virgin Group, perfectly embodies this democratic leadership style. 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. /FontBBox [-665 -325 2000 1040] Elements that characterize Bransons leadership include his ability to motivate employees, purpose, vision, perseverance, risk-taking, and readiness to delegate (Branson, 2014). Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. Your email address will not be published. Assessing Leadership: A View from the Dark Side. Work-related challenges increase the skills of employees as well as their value to their organizations. Thank you! Fantastic people throughout the Virgin Group run our businesses, allowing me to think creatively and strategically., You get the idea. /FirstChar 32 Richard Branson likes to emphasize that he never learned the rules of running a success business. Recently, he has launched his new idea commercial space traveling. 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. A role model is someone whose traits or achievements others can admire (Hogan & Hogan, 2008). A leader needs to consult several team members, listen to their views, and collect feedback. He told about his own leadership approach in that interview. He dumps problems quickly by giving proper solutions so that he wont miss any opportunity to grab in. It Can Lead to Team Members Doubting the Capabilities of the Leader, A leader has to be respected by team members to be effective. As a leader, one should be a team builder. He considers praising employees upon their accomplishing and providing them recognitions and benefits motivates them to perform better in the future. When someone does an excellent job, he praises them publicly to motivate others. While he was struggling to have the Virgin Atlantic off the ground, he asked Sir Freddie Laker (The British Airline Entrepreneur) for guidelines. Helps Team Members Improve Their Knowledge. (2006). Its Picking Up Steam. Connect with him onLinkedIn. There are many aspects of Bransons leadership that make him a global leader. 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. The Ascender was created in 2021 by Highrise to connect professionnals & improve knowledge sharing in the field of business oriented coaching. 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). First, his companies employ people from different cultures and ethnicities and his businesses operate in different countries around the world (Sosik & Jung, 2012). The most obvious one was the role of his parents in his upbringing, which contributed to his work ethic. Running a business involves long hours and hard decisions; if you dont have the passion to keep you going, your business will more than likely fail. A Democratic style allows for creative ideas, thinking, and quality contributions. Richard Branson compares his collaborative and democratic leadership style to the late co-founder Steve jobs, was famous for his autocratic style. /Producer (PDF-XChange Printer 2012 \(5.5 build 311\) [Windows 8 Enterprise x64 \(Build 9200\)]) IvyPanda. Slow Decision-Making process: Slow decision-making is intrinsic to democratic leadership. From his student life, he has been taking different initiative in the field of business as an entrepreneur and became successful. Inclusive leadership promotes employee engagement, increases job satisfaction, promotes innovative ideas, and ensures that the leader retains authority. Kedharnath, U. An example of Bransons visionary leadership is Virgin Galactic that was started to explore the untapped field of space tourism. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. /BaseFont /Arial-BoldMT If I were to first characterize his leadership style I would say he is definitely a democratic leader. Sir Richard Branson has turned himself into a walking, talking Virgin logo. Hogan, R., & Hogan, J. /Ascent 905 To look at what it is our customer wants, and what it is the industry needs, and to go in and exceed their expectations. 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. Disclaimer: Services provided by StudyCorgi are to be used for research purposes only. By coping up with the new environment . Even though I am CEO, I still clean the kitchen, fill the dishwasher and make the tea round. He believes that giving freedom in decision making could help the employees to perform at their best and with full responsibility. With the helps to this business firm make motivated to their employees for giving better performances. This is done with the understanding that the best ideas deliver the best outcome for an organization. Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. I believe leading from the front is a great way to help encourage good team spirit.. Its far more effective to praise people than to constantly criticize them; it brings out the best in them and creates a more open environment for creativity and innovation.. Richard Branson can easily learn about different types of personality and their expertise. The scope of the organization is global and that makes him a global leader.