This is a BETA experience. For example, he recruits anindividual person for individual jobs. Democratic Leadership Results in Higher Levels of Commitment. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. 3. To forestall pitfalls associated with this approach, ask questions such as: How you organize the approach is as important as the outcome. He believes that every day should bring joy. 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. 5. Mills, J., Bratton, J., & Forshaw, C. (2006). Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. One of his most famous quotes truly sums up his philosophy of leadership: "Clients do not come first. He considers all his employees equal and allows them to give their feedback and suggestions on his management style. 722 778 667 778 722 667 611 722 667 944 0 667 611 0 0 0 /StemH 78 He is a visionary who loves taking risks and who is never afraid of failing or challenging the status quo. Offers a Leader a Diverse Set of Opinions. Subscribe now to get notified aboutexclusive stories from Industry Leaders. /FontBBox [-665 -325 2000 1040] /FontName /ArialMT 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 can make the democratic process chaotic. This is evident from his decision to venture into businesses that operate in different economic sectors. Leaders should communicate with people from different cultures. Later he started his own Airways service Virgin Airways. You may opt-out by. Yes, he always says Yes to almost everything. This means that Richard Branson communicates his vision of business to all people in the effort to garner their views. At times when decisions are important, Richard Branson makes decisions by taking the right moves for the companys betterment. He constantly takes risks to see what works and what doesnt work. /Ascent 905 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. 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. The question is,How do you achieve the best skills to be a great leader and touch the success? While he was struggling to have the Virgin Atlantic off the ground, he asked Sir Freddie Laker (The British Airline Entrepreneur) for guidelines. For instance, a good role model is one with hopeful wishes and confident. 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. /StemV 78 At Virgin, Branson has created a channel of open communication whose aim is to connect the management with employees and streamline business processes. 8 0 obj Becoming a global leader also requires one to have highlighted good leadership approaches, which can be used as benchmarks by other organizations. Your submission has been received! Good leaders always keep team members appraised of good and bad events within the organization. /Encoding /WinAnsiEncoding More important, leaders should acquire professional writing skills, be able to correctly spell, and use grammar appropriately. And he is very much confident about making this kind of decisions. 2. This way a continuous process of improvement in leadership style is attained by Richard Brandson. 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 difference is that in the latter, compared to the democratic approach, the leader has the final after listening to everyone's viewpoints. Employees work in clusters through a flat organizational structure to accomplish set objectives.. IvyPanda. If you take care of your employees, they will take care of the clients. (Desk Director). 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. Branson:Researching the competition has never been the Virgin way. New York: Penguin Publishing Group. /CapHeight 716 % SpaceXs Starship Launch to Be Held in March: Is It a Flight of Fancy? (2008). Financhill just revealed its top stock for investors right now so there's no better time to claim your slice of the pie. Retrieved from https://ivypanda.com/essays/leadership-style-of-richard-branson/. Richard Branson also believes that giving ample attention to what his people think helps the Virginia group to move to the next business level. I believe leading from the front is a great way to help encourage good team spirit.. Richard Branson is an entrepreneur who is known for his unique approaches to leadership and the development of talented employees. A Democratic style allows for creative ideas, thinking, and quality contributions. Kedharnath, U. Named after the governmental system, the democratic leadership style is focused on bringing employee voices to the table while creating a unified business framework. 2. Dan Schawbel: How would you describe your leadership style? No matter what, as a leader you need to be very attentive to the words which are being delivered by your followers. With More People Embracing Wellness, This Nutrition Influencer Decided To Scale Up Her Formerly One-Person Business. 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. This article will answer the question: What is democratic leadership? Be visible, note down what you hear and youll be surprised how much you learn, Richard Branson advised. Scott says: Just to clarify, I wasn't working as a cleaner, I was a lifeguard, but my boss went on to explain how he would never ask me to do something he hadn't done himself. One leadership style that is popular and often works well is Democratic leadership. Attempts are made in his companies to keep a flat organization structure wherein employees work in clusters for the accomplishment of target goals and objectives. Can We Save Social Media? The opposite of the Democratic leadership style is Autocratic leadership, where leaders have the final say, and the leadership approach is abrasive, with group members merely playing a salient role. New York: John Wiley & Sons. Democratic leadership style leads to increased job satisfaction, & company culture. Bass, B., & Steidlmeier, P. (2009). In this extent, I agree that Richard Branson is indeed a global leader. This is IvyPanda's free database of academic paper samples. 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. 5 0 obj Then in 1972, he opened a chain of record stores that later became popular as 'Virgin Megastores'. Yes, We Have No Choice, Cannabis Challenges Differ In Each State Where Its Newly-Legal, 5 Unexpected Places To Find Your Next Great Business Idea. The ability to motivate employees is another aspect of Bransons success. The Ascender was created in 2021 by Highrise to connect professionnals & improve knowledge sharing in the field of business oriented coaching. /Subtype /TrueType Career advancement is an important aspect in the professional lives of many employees. 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. In this line of argument, Richard Branson considers leadership as a means of making things happen because they are planned to happen. /Ascent 905 He is a highly confident person. The majority rules, but the whole group feels included. /FirstChar 32 (2019) 'Leadership Style of Richard Branson'. * 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. (2006). /Descent -212 Improves motivation and morale; Performance improves due to greater ownership for all team members While hiring, at first he checks the weakness of that person. Leaders should give motivation to their employees by doing things that will give inspiration to others, encourage, and lead them to attain success of the goals in the organization. The Leadership of Richard Branson. In this end, Richard Branson has managed to embrace incredible motivational skills, which have realized immense increase in productivity of his Virginia Group of businesses. His heart-warming approach unifies people and capitalism in a way Ive never seen attempted before. 0 0 0 722 722 722 722 667 611 778 722 0 0 722 611 0 611 611 611 0 389 556 333 611 556 778 0 556]>> A good role model believes in individuals, trusts, and shows confidence in them (HiTec Holdings, 2006). /Type /FontDescriptor >> Trying to follow Richard Bransons leadership style would exhaust most businesspersons, but he seems to have a wealth of energy that makes him one of the most exciting entrepreneurs in the world. Branson:1. The leadership style followed by Richard Branson is a mixture of democratic, participative and transformational. He disregarded the risks and high costs of starting the venture because he had a strong vision and purpose. Tips for Running a Successful Fulfilled by Amazon Business. Autocratic leadership is a style in which leaders make decisions independently and without input from their followers. Is It Time To Change Director Board Compensation In Private Real Estate Firms? Richard Branson: Rule-breaker because I never learned the rules in the first place. With the helps to this business firm make motivated to their employees for giving better performances. /Leading 150 As the founder of Virgin Group, Sir Richard Branson demonstrated a leadership style influenced by how his team members should be treated. I certainly would have failed IQ tests. Schawbel:From the beginning, how often would you research what your competitors were doing? Leadership Skills of Richard Branson. He doesnt expect everything to fall into place the first time, though. 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. Richard Branson believes in thedelegation. He does this through engaging his employees in direct conversations. You are free to use it to write your own assignment, however you must reference it properly. << What type of leader is Richard Branson? 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. Boosts Jobs satisfaction and motivation. These hugely successful businessmen and women are focused on results and are more likely to use inclusive leadership styles. The abovementioned leadership elements have been monumental in promoting the growth of Virgin Group. /Type /FontDescriptor 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. He was born in the year of 1950. 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). High Confidence Level:He is a highly confident person. 1. Their presence would tell me that he is a good leader that I would work under. Is New Business Creation Still Setting Records? This stuck with me and has certainly influenced my leadership style. Autocratic leadership. If you dont enjoy what you are doing, then you shouldnt be doing it. For example, he doesnt have engineering experience to build airplanes. 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. 0 0 0 0 0 0 0 1000 0 0 0 0 0 0 0 0 this process also tells people who are interested of this company that the company prefers the people who are passionate and have leadership skills. Virgin Group is committed aligns its businesses in a manner that promotes environmental conservation. Veritone vs C3.AI: Which Is Better AI Stock. As a leader, you should always be listening. From this success, it is evident that his strategies of success can be deployed by organizations seeking to gain large growth through the utilization of employees as the source of competitive advantage. This has given leverage to employees to apply their best judgment. It normally involves sending and receiving of messages. Consistently, they seek new ways of ensuring that they are able to achieve more things that would be of benefit to their followers and themselves (Bass & Steidlmeier, 2009, p.183). You are free to use it for research and reference purposes in order to write your own paper; however, you By showing his appreciation for hard work, he keeps everyone focused on their tasks. Good leaders speak eloquently. He was unhappy with the customer service of British Airways. 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. Rechard Branson is one of the most successful English business magnet in the world. %PDF-1.4 He therefore does not take for granted any idea from employees, business partners, strangers, or even friends. On the other hand, their lack would lead to a conclusion that he is not a leader that I would like to work under. Leaked tax return reveals secret to pocketing $460,164 George Soross Most Undervalued Holding Is Surprising. (2020) 'The Leadership of Richard Branson'. And that ability to engage with people and take them with him on the most. It recently won a Queens Award in International Trade. He prioritizes the personality over the educational background. "Leadership Style of Richard Branson." He rewards people for excelling, but he also encourages people to turn their mistakes into learning opportunities. Leadership Style of Richard Branson. Borrowing from Richard Bransons leadership styles, another way for leaders to inspire their employees is by enhancing their confidence and encouraging growth. 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. Its done on gut feeling, especially if I can see that they are taking the mickey out of the consumer., Business opportunities are like buses, theres always another one coming.. Opinions expressed by Forbes Contributors are their own. 2023 Industry Leaders Magazine. This style may be effective in situations where quick decisions are needed, such as in emergency situations or when a . /FontDescriptor 7 0 R Straddling the EV-verse: A Bentley Venture, Driving Tomorrows: The Mercedes-Benz and Google Partnership, Subway Sandwiches Explore Sale Options After Profitable Makeover. /FirstChar 32 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. Armed with this information, it becomes possible to determine whether Richard Bransons leadership style is a good fit for a manager working for the Virginia Group. To look at what it is our customer wants, and what it is the industry needs, and to go in and exceed their expectations. IvyPanda. You may opt-out by. Creating a happy, cohesive, successful team than about being "Right and in Control". Many, many visions, actually. He told about his own leadership approach in that interview. 2. (2019, June 17). The criteria for evaluation of the effectiveness of Richard Bransons leadership style need to be based on the existing scholarly finding of the functions of leadership and management in an organization. He is the founder of Virgin Group that encompasses more than 400 companies all around the world. This post discusses the leadership skills and qualities of Richard Branson that helped him achieve success. What qualities do you look for in new leaders and what qualities are your biggest turnoffs? Job promotion is one of the ways that employees use to get higher remuneration (Mills et. The success of his companies is attributed to his exceptional leadership that values employees, customers, and other stakeholders. This happens since democratic leadership relies on consensus. My mum shaped my leadership style, he says. Richard Branson is on the successful business person which follows democratic leadership approach. Yes, he always says Yes to almost everything. Instead, he forms collaborations with people who can help him reach goals. He likes to follow the SWOT strategy. 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 ventures such as Virgin Unite aim to bring peace and harmony among different countries in the world. a) A democratic leadership style is exhibited by Richard Branson. /CreationDate (D:20170824232610+05'30') /Type /Font 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. Lussier, R., & Achua, C. (2004). "Leadership Style of Richard Branson." This report on Leadership Style of Richard Branson was written and submitted by your fellow this process also tells people who are interested of this company that the company prefers the people who are passionate and have leadership skills. Autocratic leadership could make decisions more quickly; however, these solutions may fail due to a lack of additional feedback from team members and honest examination by other parties. One of his most important leadership traits is vision. Required fields are marked *. (2020, December 29). Advantages. Therefore, it is necessary for organizations to offer employees opportunities to advance their careers. The group has grown rapidly because of his exceptional leadership to include more than 400 companies that operate in different economic sectors. He told about his own leadership approach in that interview. And it was one of the reasons I left school when I was 15 years old. StudyCorgi. By coping up with the new environment . He does, after all, own Virgin Galactic, a company that tries to make flights faster by leaving the atmosphere. Save my name, email, and website in this browser for the next time I comment. 0 0 0 556 611 556 611 556 333 611 611 278 0 556 278 889 Finally, he uses his skills to coach his workers, communicate his decisions, and connect with employees. Styles, another way for leaders to inspire their employees is by enhancing Confidence! 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And purpose when a care of your employees, customers, and quality contributions forms collaborations with people who help... Professional writing skills, be able to correctly spell, and other stakeholders been monumental in the. Direct conversations Highrise to connect professionnals & improve knowledge sharing in the field business! Website in this browser for the next time I comment Richard Branson advised vision! Or even friends 2020 ) 'The leadership of Richard Branson make flights faster by leaving atmosphere... Never seen attempted before people who can help him reach goals competition has never the... Makes decisions by taking the right moves for the next time I comment group that more. To motivate employees is by enhancing their Confidence and encouraging growth quick decisions are needed such. Own Virgin Galactic, a good leader that I would work under most successful English business in... Their best judgment free to use it to write your own assignment, however you must reference properly. Engaging his employees equal and allows them to give their feedback and suggestions on his style. Decisions are important, leaders should acquire professional writing skills, be able to correctly spell, use! Is one of his companies is attributed to his exceptional leadership to more... Was created in 2021 by Highrise to connect professionnals & improve knowledge sharing in the effort to garner their.... Leader that I would work under connect professionnals & improve knowledge sharing in the world such! Unite aim to bring peace and harmony among different countries in the first place professional writing,. Situations or when a people in the effort to garner their views to determine whether they help...