For instance, Virgin Atlantic has contracted with Capital Capture consultancy firm to reduce data processing time by eighty per cent, and as a result Virgin Atlantic has achieved the capacity of offering personal training and development to employees based on their performance levels Resource Centre, 2010, online. To be a part of decision-making creates a sense of appreciation in workers. On the other hand, to involve workers in the decision making process is effective in all organizational frameworks. Virgin Group has placed emphasis on the planet and people, hence making sure that the interest is communicated to employees and stakeholders. The will see the Virgin Group founder joined by a collection of well-respected local leaders, from a variety of industries, all keen to share their unique insights into the hurdles and opportunities of modern day leadership. Despite the above pro, this kind of leadership has cons. Clear reporting structures or matrix? He truly feels that getting other peoples input and listening to what people have to say are a core value to him.
On another note, the way you arranged adjectives when you were describing Branson in the beginning of the last paragraph has grabbed my attention. On this understanding, this essay seeks to vividly explore Richard Branson of Virgin Group and his leadership style. Empowered team members are more likely to lead to a successful goal or project. The methodology is not applicable in organizations that lack different areas of work Branson, 2010. It helps stamp out the fear of failure that can stunt a business, particularly in its early days. The new global leaders: Richard Branson, Percy Barnevik, and David Simon. This is according to Hao and Yazdanifard 2015 , who have stressed that effective leadership is one of the most profound components of the overall business model of sustainability in light of stiff competition as well as rapid economic development.
Being able to overcome the dominant thinking at headquarters. Although, proven to be very effective for Branson, there are some disadvantages to participative leadership style and transformational leaders. These characteristics include maintaining physical and mental discipline as well as humility. I realize that his leadership style encourages a good relationship during cross-functional operations. These aspects have made Branson a role model to the employees of Virgin Group. The type of leadership that Sir Branson embodies is the participative management style and the transformational leadership model. Research shows that groups led by transformational leaders boast higher levels of performance than groups led by other types of leaders.
He sees success as a constant pursuit and indulgence of happiness. Sir Richard Branson and his daughter Holly Branson pose for a picture during the 2011 London Marathon. He is a proven leading thinker, and normally, his decisions are formed by his own thinking. Democratic leadership is someone who shares their thoughts, decision making, and abilities with the members of their group. Lesson 1: Set Clear and Attainable Objectives, albeit Goals that Seem Difficult to Achieve. These elements surely present that there is a lot of democracy and participation in his leadership style.
This will, in turn, create a safe place for creativity and voice ideas. However, years later, Sir Richard Branson is now the chair of the Virgin Group of companies. His visions have inspired his companies to constantly innovate to build value. Because some business ventures require strong leadership in order to get things completed more efficiently, autocratic style is helpful by avoiding the time it takes to deliberate with a group and instead having a strong and knowledgeable leader in place will allow for business decisions to be made faster. Good leaders v bad leaders Good leadership is by definition all about taking the venture forward and finding viable new avenues where the business can evolve and prosper. This essay is going to discuss some of the most important characteristics and traits of Sir Richard Branson, a founder and a well known leader of the Virgin group, an international and world recognised organisation.
Idealized influence refers to a leader's skills to uphold an idealized perception from their subordinates. He is well respected in the business world. The newness of the enterprise would likely not faze him, as Branson enjoys embarking into uncharted business waters. The opinions expressed are those of the writer. Provide support for your rationale. To stand still today is to go backwards - and quickly. Research shows that groups led by transformational leaders boast higher levels of performance than groups led by other types of leaders.
According to the theory, motivation factors such as responsibility, achievement, and recognition are perceived as primary causes of employee motivation. He is the founder of the Virgin Group, which is known for many different things such as cell phones, record labels, airlines and many more. Professional opportunities and advancement: What types of people tend to do well here? Besides, he promotes talent from within the Virgin group. Branson has never had an office in the office. At a young age, Branson struggled with dyslexia, making his school life harder for him. Branson might select a diverse team or he might not.
Richard Branson's leadership style and characteristics of Virgin Richard Branson assumes diverse leadership styles, and methods in accordance with the situation he is dealing with. While I have found that outstanding leadership tend to come in a huge range of very different and often quite quirky and eccentric packages, poor leadership usually displays a lot of common denominators. Furthermore, by introducing non-hierarchical technique of leadership, he ensures easy interaction between managers and employees, proof that Branson is the leader of people who also care about limits. This vision may be developed by the leader, by the senior team or may emerge from a broad series of discussions. This is also echoed by Orabi 2016 that transformational leadership creates an environment where employees feel energized and motivated.