Employees are more engaged and perform at their best when they are heard and valued at work. He was keen to form a great workforce around him which led him to his accomplishment. Thank you! It can Lead to Procrastination: Democratic leadership style can create a working environment where team members procrastinate due to a lack of motivation and situational awareness. Mentors are the great teachers. He likes to follow the SWOT strategy. << By showing his appreciation for hard work, he keeps everyone focused on their tasks. Richard Branson can easily learn about different types of personality and their expertise. His democratic style of leadership is characterized by traits such as charisma, perseverance, purpose, self-awareness, and open-mindedness (Dearlove, 2007). IvyPanda. While this has some advantages, it can slow down decision-making, especially with communication failures. He believes, people should be given freedom, and he acts accordingly. His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. This fact lends itself well to companies or organizations with democratic leadership. If you arent proud of what youre doing, why should anybody else be?, I was dyslexic, I had no understanding of schoolwork whatsoever. 9 0 obj Required fields are marked *. This happens since democratic leadership relies on consensus. 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. /Ascent 905 He is an avid reader and loves swimming as a hobby. /FontBBox [-665 -325 2000 1040] . You are free to use it to write your own assignment, however you must reference it properly. 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. IvyPanda. 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. This means that time is wasted in attempting to articulate the ideas developed by employees with a practical solution for the success of an organization. (2008). These hugely successful businessmen and women are focused on results and are more likely to use inclusive leadership styles. Therefore, he is able to break the hierarchical systems of communication. This enables him to collect feedback and opinions from employees. Branson's leadership style also believes in marketing anywhere and everywhere. As the founder of Virgin Group, Sir Richard Branson demonstrated a leadership style influenced by how his team members should be treated. With the helps to this business firm make motivated to their employees for giving better performances. 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. Good leaders always keep team members appraised of good and bad events within the organization. Democratic Leadership Results in Higher Levels of Commitment. 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. I believe leading from the front is a great way to help encourage good team spirit.. " Walk the floor, get to know your people ," Branson urged. Autocratic leadership. 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 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. Schawbel:What are your top three leadership principles? What type of leader is Richard Branson? /Filter [/FlateDecode] Branson is a risk taker and a lover of challenges. 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. Most leaders who exercise democratic leadership often complement it with participative leadership. This leadership style empowers team members as they feel their decisions impact an organization.. Communication involves having an eye contact with listeners body movements (Hogan & Hogan, 2008). Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. There are many aspects of Bransons leadership that make him a global leader. 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. Retrieved from https://ivypanda.com/essays/leadership-style-of-richard-branson/. Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. While he selects a person, he needs to select a perfect one. << He likes to follow the SWOT strategy. professional specifically for you? Listening is one of the most important skills that anyone can have. "Leadership Style of Richard Branson." Instead, his leadership style comes from his personality and learning from his own mistakes. Your email address will not be published. Richard Branson, the founder of the Virgin Group, is an excellent example of that. The leadership of Richard Branson has dramatically influenced the success of his Virgin Empire (Kinicki & Fugate, 2016, p.151). Today,Branson's Pioneering Commercial Spaceflight Virgin Galactic announced a global partnership with Grey Goose Vodka. Effective leaders encourage team participation and group discussions. The Virgin Way: Everything I Know About Leadership. 6 0 obj Richard Branson, CEO of the Virgin Group, perfectly embodies this democratic leadership style. Some entrepreneurs have been influenced by other business leaders. The Leadership of Richard Branson. Such an approach to organizational leadership best explains the approaches deployed by Richard Branson to succeed in the global domain. While he might set a projects goal and offer his team guidance, he expects them to do the work required to get there. Leadership Style of Richard Branson. % This group's decision-making process gives room for the adoption of better ideas. According to the Forbes 2012 list of billionaires, Branson is the sixth richest citizen of the United Kingdom, with an estimated net worth of US$4.6 billion. /Subtype /TrueType To look at what it is our customer wants, and what it is the industry needs, and to go in and exceed their expectations. Democratic Leadership can Lead to a Culture of not Taking Responsibility. 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. 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. My mum shaped my leadership style, he says. Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. This form of shared leadership relies on distributing responsibility among team members. 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. /Descent -212 While managers strive to compel, leaders such as Richard Branson attempt to influence in the effort to make things done his way. Therefore, it is necessary for organizations to offer employees opportunities to advance their careers. 0 0 0 722 722 722 722 667 611 778 722 0 0 722 611 0 Richard Branson is a leader with a vision. You learn by doing, and by falling over., I never get the accountants in before I start up a business. /LastChar 121 1 Richard Branson and His Leadership Style Student's Richard Branson believes in thinking different. Oops! Dearlove, D. (2007). 1. 5. Job promotion is one of the ways that employees use to get higher remuneration (Mills et. Ethics, character, and authentic transformational leadership behavior. Learn: Learning and leadership go together. While developing a teamwork consensus, it crucial for a leader to ensure that employees are empowered (HiTec Holdings, 2006). For example: Phase one: Set the rules of engagements and obtain feedback from all members if they are comfortable, Phase two: Brainstorming session where each member is allowed to explain their viewpoint without any interruption, Phase three: Members narrow down the best ideas, Phase four: Deciding on the best idea. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Advantages. And that approach to leading people continues today. 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. While he rolls with the punches better than most visionary leaders, he does have high expectations. (2020, December 29). Inspiring, isnt it ? Profiles of leadership. Recently, he has launched his new idea commercial space traveling. 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. What is the best course of action when consensus is not realized. Although failing to evaluate the risks associated with his expansive business empire has made Richard Branson successful, it is a great disadvantage since risk management is important in the evaluation of the business decision that may open an organization towards susceptibility to failure in the end. In such a case, no one wants to take responsibility for missteps and mistakes. /StemH 78 Employee training and delegation of responsibilities are examples of ways that Branson is likely to use to motivate employees. Richard Branson strongly believes in the process of mentorship. Work-related challenges increase the skills of employees as well as their value to their organizations. Here, you will find all the ressources and inspiration you need to learn more about your management skills. Bransons approach to employee motivation could work in a different organizational setting because all employees search for opportunities to advance their careers that are available through training programs and delegation of duties and responsibilities. Such a culture is detrimental to the long-term success of an organization or company. While hiring, at first he checks the weakness of that person. Their presence would tell me that he is a good leader that I would work under. /FontName /Arial-BoldMT Be visible, note down what you hear and youll be surprised how much you learn, Richard Branson advised. Leadership Theory, Application, Skill Development. Employees come first. He takes genuine joy in his work and loves challenging ideas. https://studycorgi.com/the-leadership-of-richard-branson/. The most obvious one was the role of his parents in his upbringing, which contributed to his work ethic. Retrieved from https://studycorgi.com/the-leadership-of-richard-branson/, StudyCorgi. Richard Branson is a British Business magnate and investor, best known as founder and chairman of Virgin Group. At Highrise, we understand that selecting a suitable leadership style is crucial to realizing positive outcomes. 4. Born with acumen, perspicacity and prudence, he started his first business venture ,"Student" magazine at the age of 16 . 29 December. 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. Adaptability skill helped him to grow his business and fame faster. 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. 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. Disclaimer: Services provided by StudyCorgi are to be used for research purposes only. Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. Web. When someone does an excellent job, he praises them publicly to motivate others. /BaseFont /Arial-BoldMT Leadership Qualities, Skills, and Style of Bill Gates, 8 Benefits of Buying an Existing Business, Key Features or Characteristics of Common Stocks, Leadership Qualities, Skills, and Style of Larry Page, Everything You Need to Know About Content Authoring Tools for E-Learning, 3 Top Tips for Choosing Ambulance Only Insurance Cover, 4 Simple but Effective Techniques to Maximize Your Sales, The Advantages of Using Payday Loans for Wedding Expenses, Factors to consider while choosing a custom boxes seller online, Subsidized Loans and Unsubsidized Loans All You Need To Know. Richard Branson strongly believes in the process of mentorship. Fantastic people throughout the Virgin Group run our businesses, allowing me to think creatively and strategically., You get the idea. This means that a leader should have the ability to develop teamwork to enhance employees motivation. 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. He believes that giving freedom in decision making could help the employees to perform at their best and with full responsibility. 5 0 obj June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. The influence of leaders implicit followership theories on employee outcomes. He believes in thelong-term relationship with people. High Confidence Level:He is a highly confident person. You may opt-out by. His philosophy is looking for the best since it is achievable (Branson, 2006). /FirstChar 32 He prioritizes the personality over the educational background. "The Leadership of Richard Branson." 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. First, I would observe and analyze his style of communication, decision making, problem solving, readiness to focus on organizational goals, and treatment of employees. This is a deliberate and very wise marketing strategy. /Flags 32 Kedharnath, U. /Encoding /WinAnsiEncoding 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? This gives him the opportunities to transfer responsibilities to individuals while he is not present physically in an operation. New York: John Wiley & Sons. Leaders should communicate with people from different cultures. Indeed, Bransons leadership is unique in several ways. See areas of improvement for correction for a better outcome in subsequent meetings.. "The Leadership of Richard Branson." They have facilitated this growth in various ways. While he selects a person, he needs to select a perfect one. Richard Branson is on the successful business person which follows democratic leadership approach. There are no rules. /FontName /ArialMT In such a scenario, the quickest response adopted by the group is to know whether the employees wishing to leave the organization have perceptions of being undervalued. 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. This means that they should be multicultural. Finally, delegating duties will give him more time to do other things that will make him a better leader. 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. His inspiration for democratic leadership approach style influenced by how his team members appraised of good and bad within... To do other things that will make him a global leader unique in several ways while this has some,. Necessary for organizations to offer employees opportunities to transfer responsibilities to individuals while he selects a,... Help the employees to perform at their best when they are heard and valued at work rather adapt the! You need to learn more about your management skills him the opportunities to transfer to... For giving better performances weakness of that person business firm make motivated their! 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