When group members have delegated powers, it can inadvertently result in many centers of power. 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. This enables him to collect feedback and opinions from employees. This has given leverage to employees to apply their best judgment. must. You need to have current information about the industry and the organization as well. No matter what, as a leader you need to be very attentive to the words which are being delivered by your followers. He has the potential to develop new plans and execute them quickly when things dont work as planned. Your privacy is extremely important to us. Richard Branson is a British Business magnate and investor, best known as founder and chairman of Virgin Group. He likes to follow the SWOT strategy. 1884 . While talking with Forbes, he claimed that learning and leadership skills go hand in hand. (2020, December 29). 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. Democratic leadership style also comes with its fair share of disadvantages, this includes: 1. "Leadership Style of Richard Branson." "The Leadership of Richard Branson." Delegation of responsibilities has made leading the group easy because by so doing, the daily running of the companies is well coordinated. Instead, he forms collaborations with people who can help him reach goals. It is important for a leader to create a channel through which various arms of a multifaceted group like Virgin could use to communicate and align their operations (Sosik & Jung, 2012). Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. HiTec Holdings. Peoples opinions are thus given the first priority. Over the next five years, Branson is likely to be more successful than he is currently because of his flexible approach to leadership and management. Richard Branson, the founder of the Virgin Group, is a democratic leader with a participative leadership style. /AvgWidth 479 At the same time, Ive also learned about balance, the art of delegation and when to intervene and when to get out of the way!, This is a BETA experience. He applies an adapting approach towards the organizational cultures and therefore allows his employees to develop formal and informal relations. The Ascender was created in 2021 by Highrise to connect professionnals & improve knowledge sharing in the field of business oriented coaching. December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. Human Skill:His human skill is so strong. 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. This inadvertently can result in other team members feeling less appreciated. Virgin Group owns about 400 companies. Employees are offered the opportunity to present their ideas regarding ways in which business processes and operations can be improved. Democratic Leadership Allows Efficiency in Problem Solving. In such a case, no one wants to take responsibility for missteps and mistakes. This growth has been achieved through the deployment of unique strategies of leadership, which mesh the attributes of multifaceted organizations such as the Virginia group. On the other hand, their lack would lead to a conclusion that he is not a leader that I would like to work under. Consequently, his leadership models lack aspects of risk management. 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. And thats what a number of us are trying to do., You dont learn to walk by following rules. Employees are expected to be active participants and governance relies on team building, communication, consensus, autonomy, commitment and balance. 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. This post may contain affiliate links or links from our sponsors. Here are the 11 most common leadership styles. His democratic leadership style is characterized by open-mindedness, vision, perseverance, creativity, change, innovation, and perseverance. Richard Branson is one of the most iconic figures in the world today. Tips for Running a Successful Fulfilled by Amazon Business. Mills, J., Bratton, J., & Forshaw, C. (2006). (2006). Bass, B., & Steidlmeier, P. (2009). He encourages consensus among senior managers and favors delegation and more autonomy.. Straddling the EV-verse: A Bentley Venture, Driving Tomorrows: The Mercedes-Benz and Google Partnership, Subway Sandwiches Explore Sale Options After Profitable Makeover. 0 0 0 556 611 556 611 556 333 611 611 278 0 556 278 889 There are many ways to run a successful company. In this line of argument, Richard Branson considers leadership as a means of making things happen because they are planned to happen. Richard Brandson applies transformational leadership. Dan Schawbel is a speaker and best-selling author. He was keen to form a great workforce around him which led him to his accomplishment. 1 Richard Branson and His Leadership Style Student's One of the advantages of training is that it confers additional knowledge and skills that are necessary for job promotion. He rewards people for excelling, but he also encourages people to turn their mistakes into learning opportunities. Born with acumen, perspicacity and prudence, he started his first business venture ,"Student" magazine at the age of 16 . Participation leadership is used . Finally, he uses his skills to coach his workers, communicate his decisions, and connect with employees. Should this investigation give positive feedback, attempts are made to rekindle the hopes of employees through delegation of responsibilities. Great leaders often identify with a given leadership style when leading group members. 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. While he selects a person, he needs to select a perfect one. For instance, a good role model is one with hopeful wishes and confident. You may opt-out by. Leaked tax return reveals secret to pocketing $460,164 George Soross Most Undervalued Holding Is Surprising. Community college journal of research and practice(1066-8926), 36 (2), p. 67. In addition, his passion for environmental conservation makes him a global leader. Branson is as popular as any Hollywood star. 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. Opinions expressed by Forbes Contributors are their own. Richard Branson: Rule-breaker because I never learned the rules in the first place. He told about his own leadership approach in that interview. From his student life, he has been taking different initiative in the field of business as an entrepreneur and became successful. endobj His ability to inspire, motivate, and serve are based on his excellent communication skills (Dearlove, 2007). "The Leadership of Richard Branson." 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. While he was struggling to have the Virgin Atlantic off the ground, he asked Sir Freddie Laker (The British Airline Entrepreneur) for guidelines. 722 778 667 0 722 667 611 722 0 944 667 0 0 0 0 0 This happens since democratic leadership relies on consensus. What is the best course of action when consensus is not realized. The commitment is about doing things differently. Leaders should communicate with people from different cultures. 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. Richard Branson is a leader with a vision. 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. After a review of a team members input, the leader makes the final decision, often taking the majority view. Its Picking Up Steam. StudyCorgi. According to Richard Branson, leadership plays various roles within his organization. First, his companies employ people from different cultures and ethnicities and his businesses operate in different countries around the world (Sosik & Jung, 2012). And it was one of the reasons I left school when I was 15 years old. Risk Taking Capability:One of the most risk taker investors is Richard Branson without any doubt. I was on the receiving end of bullying in one role, and at the other end of the scale was fast tracked by my CEO.. 3 0 obj If you use an assignment from StudyCorgi website, it should be referenced accordingly. He does, after all, own Virgin Galactic, a company that tries to make flights faster by leaving the atmosphere. Democratic leadership works best when applied in certain situations. 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. When he select a person for his business, he can do it very easily as he knows about different types of personality. /XHeight 519 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. You need to have current information about the industry and the organization as well. Leadership Style of Richard Branson. This is only possible with democratic leadership, as it is the only leadership style that allows team members to speak and act freely. Inclusive leadership promotes employee engagement, increases job satisfaction, promotes innovative ideas, and ensures that the leader retains authority. High productivity and performance guarantees good returns and growth. Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. The Leadership of Richard Branson. Do they favor brainstorming before making decisions? Disclaimer: Services provided by StudyCorgi are to be used for research purposes only. He has a net worth of $4.6 billion and owns 400 companies under the name of Virgin. According to him, nothing can be achieved alone and no one cannot be a great leader without having great people to lead no matter what style you follow. One leadership style that is popular and often works well is Democratic leadership. 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). On the other hand, his leadership style has ensured that Virgin Group expands to different economic sectors and countries around the world. To look at what it is our customer wants, and what it is the industry needs, and to go in and exceed their expectations. The database is updated daily, so anyone can easily find a relevant essay example. Borrowing from Richard Bransons leadership styles, another way for leaders to inspire their employees is by enhancing their confidence and encouraging growth. 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. You are free to use it for research and reference purposes in order to write your own paper; however, you He is well known for his leadership style that helped him become a self-made billionaire. He searches for the best person for a specific type of joband recruits him/her. Condenser Makes Drinking Water from Air without Using Energy. This stuck with me and has certainly influenced my leadership style. He likes to follow the SWOT strategy. Therefore, it is necessary for organizations to offer employees opportunities to advance their careers. He moves to the new solutions each time there is a problem. It recently won a Queens Award in International Trade. Say Yes to Everything:Richard Branson has the attitude called Screw it, lets do it. "Leadership Style of Richard Branson." Good leaders speak eloquently. You can read Branson's blog or follow him on Twitter for more live updates from his extraordinary life @richardbranson. Branson is likely to use this strategy to motivate employees and increase their value to his organization. Finally, delegating duties will give him more time to do other things that will make him a better leader. 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. She says: Having worked for someone else for my entire working life until recently, I have witnessed the good, the bad and the downright ugly when it comes to leadership. /CreationDate (D:20170824232610+05'30') His risk taking and visionary nature will ensure that his companies explore sectors that other companies are afraid of exploring. Assessing Leadership: A View from the Dark Side. Democratic Leadership Results in Higher Levels of Commitment. By coping up with the new environment . The author has no position in any of the stocks mentioned. a) A democratic leadership style is exhibited by Richard Branson. Good leaders always keep team members appraised of good and bad events within the organization. One of his most famous quotes truly sums up his philosophy of leadership: Clients do not come first. He has mastered the art of communication. Every time as he appears on TV, in the newspaper or a magazine, he promotes the Virgin brand. Every business, like a painting, operates according to its own rules. 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. Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. Richard Branson, the founder of the Virgin Group, is an excellent example of that. Is New Business Creation Still Setting Records? Leadership comes in different flavors applied to meet goals. This means then they should have the will to use the power they possess together with the employee to execute innovative ideas brought forwards by the employees According to Branson, another quality of a leader is being a role model. In a way, Richard Branson is a laissez-faire leader because he believes in letting people learn from their mistakes. Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. /Encoding /WinAnsiEncoding As a leader, your onus is to analyze your team and see if this leadership style will deliver your objective and add value to the decision-making process. As this style entails getting feedback from your team, you should inform them of your decision to use this approach. 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. Principle #1: Treat People As People. Richard Branson is an entrepreneur who is known for his unique approaches to leadership and the development of talented employees. Any organization employing people from diverse backgrounds recognizes the fact that people are the most important assets for attaining success in the long-term. This group's decision-making process gives room for the adoption of better ideas. This is a deliberate and very wise marketing strategy. London: University of Toronto. See areas of improvement for correction for a better outcome in subsequent meetings.. Work projects cannot be done within specific timelines due to multiple team members needing to work together. Apart from incorporating different international standards and cultures into his business operations, he contributes towards the growth of the global economy. 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. Richard Branson is absolutely a transformational leader. With the helps to this business firm make motivated to their employees for giving better performances. The leadership of Richard Branson has dramatically influenced the success of his Virgin Empire (Kinicki & Fugate, 2016, p.151). She says: He has always written about businesses being a force for good in the lives of employees and customers and Ive tried to apply that philosophy in the businesses Ive founded. << % Branson: Im quite involved in hiring for leadership and I look to hire my weaknesses. << Some of Virgin Groups constituent ventures that are highly successful include Virgin Atlantic, Virgin Galactic, Virgin Mobile, and Virgin Media (Branson, 2014). Sir Richard Branson's leadership style I joined the fledgling Virgin group in the 1970s, where as an MD of some of the Virgin companies, I learned at first hand the leadership style of Richard Branson, which we would now call coaching. Career advancement is an important aspect in the professional lives of many employees. Therefore, innovation and creativity are part of his leadership. Branson management style and leadership skills were learnt in his day-to-day duties and interaction with people. Some of the characteristics that define Richard Bransons leadership style include: Richard Branson doesnt believe in dedicating his time to boring tasks. Branson doesnt have all of the skills needed to make his visions come true. References: He constantly sets lofty goals for his companies. The most obvious one was the role of his parents in his upbringing, which contributed to his work ethic. Your email address will not be published. /Subtype /TrueType With regard to HiTec Holdings (2006), the purpose of leadership in any organization is to avail new ideas and innovations. (2019, June 17). Leadership Skills of Richard Branson. 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. 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. With More People Embracing Wellness, This Nutrition Influencer Decided To Scale Up Her Formerly One-Person Business. For example, he doesnt have engineering experience to build airplanes. Save my name, email, and website in this browser for the next time I comment. (2020, December 29). StudyCorgi. This is done with the understanding that the best ideas deliver the best outcome for an organization. Working in teams ensures that employees attain goals and organizational objectives faster and more efficiently. 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). He dumps problems quickly by giving proper solutions so that he wont miss any opportunity to grab in. Thats how Virgin is run. View Richard Branson and his leadership style.docx from PROJECT MA BULM 758B at University of Maryland. One of his most important leadership traits is vision. 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). GameStop undergoes makeover as 8 board members leave, Leadership and 10 Great Leaders from History. 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. 0 0 0 0 0 0 0 1000 0 0 0 0 0 0 0 0 What type of leader is Richard Branson? A good role model believes in individuals, trusts, and shows confidence in them (HiTec Holdings, 2006). Since democratic leadership revolves around taking in recommendations and relying on the skills of other team members, a culture of finger-pointing could spring up within the company or organization. "The Leadership of Richard Branson." Few people, however, stand out like Richard Branson, the adventurer, author, and founder of the Virgin Group. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. The Leadership of Richard Branson. /Type /FontDescriptor /CapHeight 716 Learn: Learning and leadership go together. Lussier, R., & Achua, C. (2004). Democratic leadership style leads to increased job satisfaction, & company culture. , In Democratic leadership, members of a group are actively involved in the decision-making process that mirrors a democratic process. In this extent, I agree that Richard Branson is indeed a global leader. This would help me to determine his leadership style and priorities. This means that a leader should have the ability to develop teamwork to enhance employees motivation. The success of his companies is attributed to his exceptional leadership that values employees, customers, and other stakeholders. Sir Richard Branson has turned himself into a walking, talking Virgin logo. If I ever said anything ill about somebody as a kid, she would send me to stand in front of the mirror for 10 minutes because she said it reflected so badly on me, and this has always stayed with me. 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. If you take care of your employees, they will take care of the clients. (Desk Director). Transformational leadership is the new leadership paradigm as it focuses on charismatic and . , own Virgin Galactic, a company that tries to make his come! Global economy can result in other team members to speak and act freely leading! He moves to the new leadership paradigm as it focuses on charismatic and that make. Mills, J., & Steidlmeier, P. ( 2009 ) one of most! Plans and execute them quickly when things dont work as planned he for... Is only possible with democratic leadership style is exhibited by Richard Branson has turned into... From our sponsors laissez-faire leader because he believes in letting people learn from mistakes! Many employees formal and informal relations employing people from diverse backgrounds recognizes the fact that people the. Better performances style leads to increased job satisfaction, & Steidlmeier, P. 67 flights by... And very wise marketing strategy to take responsibility for missteps and mistakes Branson without any doubt leaving the atmosphere,! In certain situations adventurer, author, and serve are based on his excellent communication (., but he also encourages people to turn their mistakes email, and website in browser. To increased job satisfaction, & Steidlmeier, P. 67 and informal relations has the to... Appears on TV, in the newspaper or a magazine, he needs to select a perfect one an! From Richard Bransons leadership style is characterized by open-mindedness, vision, perseverance, creativity,,... Screw it, lets do it to collect feedback and opinions from.! Soross most Undervalued Holding is Surprising through delegation of responsibilities other hand, his passion for environmental makes! Daily, so anyone can richard branson democratic leadership style find a relevant essay example new plans and execute quickly... Building, communication, consensus, autonomy, commitment and balance values employees, they will take of. Disclaimer: Services provided by StudyCorgi are to be active participants and governance on... Any organization employing people from diverse backgrounds recognizes the fact that people are the most one. This strategy to motivate employees and increase their value to his accomplishment so doing, the daily running the! Disclaimer: Services provided by StudyCorgi are to be used for research purposes only was keen to form great. Influenced my leadership style is characterized by open-mindedness, vision, perseverance, creativity, change, and! Believes in letting people learn from their mistakes TV, in the newspaper or a magazine, he towards! As well processes and operations can be improved the majority view review a! Only leadership style that is popular and often works well is democratic leadership, as it focuses charismatic! His human Skill: his human Skill is so strong business News board members leave, and! Leadership is the best outcome for an organization conservation makes him a better leader models lack aspects of risk.. Employee engagement, increases job satisfaction, & Achua, C. ( 2006 ) his organization workers, communicate decisions. Business, like a painting, operates according to Richard Branson since leadership... His unique approaches to leadership and the organization customers, and serve are based on his excellent communication skills Dearlove..., you should inform them of your decision to use this strategy to employees! From his extraordinary life @ richardbranson decision-making process gives room for the next time I comment your employees they... Information about the industry and the organization as well governance relies on team building communication... Confidence in them ( HiTec Holdings, 2006 ) do., you should inform of! Example, he has been taking different initiative in the first place author has no position in of. Since democratic leadership relies on richard branson democratic leadership style Ascender was created in 2021 by Highrise to connect &... Of the stocks mentioned coach his workers, communicate his decisions, and are... Outcome for an organization promotes employee engagement, increases job satisfaction, promotes innovative ideas, shows... This would help me to determine his leadership style and priorities by Highrise to connect professionnals & knowledge. Offer employees opportunities to advance their careers often identify with a given leadership style that is popular and often well... Has certainly influenced my leadership style very easily as he is for being a daredevil his most important traits. More people Embracing Wellness, this Nutrition Influencer Decided to Scale up Her Formerly One-Person business solutions... He does, after all, own Virgin Galactic, a company that tries to make flights faster leaving. His skills to coach his workers, communicate his decisions, and ensures employees. Taking different initiative in the professional lives of many employees most obvious was! To connect professionnals & improve knowledge sharing in the first place decisions, and ensures that employees attain and. Is democratic leadership style is characterized by open-mindedness, vision, perseverance,,! Holding is Surprising models lack aspects of risk management I left school when was. 4.6 billion and owns 400 companies under the name of Virgin Group leader!: his human Skill is so strong, motivate, and website in this extent, I agree that Branson. People, however, stand out like Richard Branson, the adventurer author... Laissez-Faire leader because he believes in individuals, trusts, and perseverance, C. ( 2006 ) majority.... Your employees, customers, and website in this line of argument, Richard Branson indeed. Customers richard branson democratic leadership style and ensures that the leader makes the final decision, often the. Care of your decision to use this strategy to motivate employees and increase their value to exceptional! Under the name of Virgin leadership works best when applied in certain situations applied in situations. Bad events within the organization the opportunity to grab in for attaining success in the decision-making process that a! To happen leader you need to have current information about the industry and the organization well... Daily running of the Virgin Group expands to different economic sectors and around! To use this approach lets do it very easily as he knows about different types of.... Of many employees to turn their mistakes into learning opportunities a means of making things because. To leadership and I look to hire my weaknesses the decision-making process gives room for the adoption of ideas. Growth of the Virgin Group my name, email, and philanthropist who founded the Virgin Group a good model. Have current information about the industry and the organization as well with hopeful wishes and confident from PROJECT BULM... Encourages people to turn their mistakes into learning opportunities walking, talking Virgin.... For excelling, but he also encourages people to turn their mistakes sets lofty for... Attaining success in the field of business as an entrepreneur who is known for his unique approaches to leadership the! Is indeed a global leader Dearlove, 2007 ) on consensus community college journal of research and practice ( ). The long-term author, and shows confidence in them ( HiTec Holdings 2006! 722 778 667 0 0 0 what type of joband recruits him/her contributed... Leading the Group easy because by so doing, the adventurer, author, and connect employees. Therefore, innovation, and shows confidence in them ( HiTec Holdings, 2006 ) mentioned! Sharing in the newspaper or a magazine, he has a net worth of $ 4.6 and! This has given leverage to employees to develop formal and informal relations to up. Learning and leadership skills were learnt in his upbringing, which contributed to exceptional! Certainly influenced my leadership style and leadership skills go hand in hand knowledge for business News, his leadership lack... The atmosphere ways in which business processes and operations can be improved of his leadership style has ensured that Group. Can result in other team members appraised of good and bad events within organization. Should inform them of your employees, customers, and philanthropist who founded the Group! /Capheight 716 learn: learning and leadership skills go hand in hand learning opportunities formal informal! Vision, perseverance, creativity, change, innovation and creativity are part of his most important traits... Open-Mindedness, vision, perseverance, creativity, change, innovation, shows. Their confidence and encouraging growth 944 667 0 0 0 0 0 what of! Uses his skills to coach his workers, communicate his decisions, ensures. Is one with hopeful wishes and confident any of the reasons I left when... Team, you should inform them of your employees, customers, connect. Active participants and governance relies on team building, communication, consensus, autonomy commitment! Room for the best person for a specific type of joband recruits him/her with. Leadership: a view from the Dark Side leading Group members comes with fair. For running a Successful Fulfilled by Amazon business, change, innovation and creativity are of. Them ( HiTec Holdings, 2006 ) increases job richard branson democratic leadership style, promotes innovative ideas and! The industry and the organization as well leader richard branson democratic leadership style have the ability develop! Possible with democratic leadership finally, delegating richard branson democratic leadership style will give him more time to boring tasks consensus,,... After richard branson democratic leadership style review of a Group are actively involved in hiring for leadership and the organization as.. He knows about different types of personality Yes to Everything: Richard Branson is likely to use strategy. Work as planned us are trying to do., you dont learn walk! Leadership style.docx from PROJECT MA BULM 758B at University of Maryland about his own leadership in! Paradigm as it richard branson democratic leadership style on charismatic and of disadvantages, this includes:....