It is also vital to explain that where every voice matters, not all suggested ideas are implemented. Employees are expected to be active participants and governance relies on team building, communication, consensus, autonomy, commitment and balance. This form of shared leadership relies on distributing responsibility among team members. It Can Lead to Team Members Doubting the Capabilities of the Leader, A leader has to be respected by team members to be effective. His visionary leadership led to formation of an intermediary company that links all companies. At Virgin, Branson has created a channel of open communication whose aim is to connect the management with employees and streamline business processes. Every time as he appears on TV, in the newspaper or a magazine, he promotes the Virgin brand. You dont learn to walk by following rules. Learn: Learning and leadership go together. He searches for the best person for a specific type of joband recruits him/her. Adaptability Skill: As a leader and entrepreneur, Richard Branson has the skill of adapting himself to an unknown environment. He is a global leader because of his impact on the global economy and his efforts to bring peace in the world. 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. References: Branson constantly looks for such ways and evaluates them critically to determine whether they can help to drive success of his line of business. Branson is likely to use this strategy to motivate employees and increase their value to his organization. One of his most famous quotes truly sums up his philosophy of leadership: Clients do not come first. Here are the 11 most common leadership styles. StudyCorgi. Richard Branson, the founder of the Virgin Group, is a democratic leader with a participative leadership style. His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. With the helps to this business firm make motivated to their employees for giving better performances. He moves to the new solutions each time there is a problem. StudyCorgi. In this line of argument, Richard Branson considers leadership as a means of making things happen because they are planned to happen. This perspective fuels his leadership style by making him an open-minded, social person willing to take risks. Disclaimer: Services provided by StudyCorgi are to be used for research purposes only. Today,Branson's Pioneering Commercial Spaceflight Virgin Galactic announced a global partnership with Grey Goose Vodka. Some of Virgin Groups constituent ventures that are highly successful include Virgin Atlantic, Virgin Galactic, Virgin Mobile, and Virgin Media (Branson, 2014). 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. Principle #1: Treat People As People. Autocratic leadership. Business the Richard Branson Way: 10 Secrets of the WorldsGreatest Brand. Sir Richard Branson has turned himself into a walking, talking Virgin logo. 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. endobj Communication is a vital ingredient for leaders. 2023 Industry Leaders Magazine. /Widths [ 278 333 0 0 0 0 0 0 333 333 0 0 0 333 Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. General Electric Company's Sales Boost Recommendations, Role of leadership in Virgin Groups growth, The effectiveness of Bransons communication of company vision, An assessment of Bransons leadership style. 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. To me, business isnt about wearing suits or pleasing stockholders. Finally, delegating duties will give him more time to do other things that will make him a better leader. 1. First, I would observe and analyze his style of communication, decision making, problem solving, readiness to focus on organizational goals, and treatment of employees. Richard Branson compares his collaborative and democratic leadership style to the late co-founder Steve jobs, was famous for his autocratic style. IvyPanda. The democratic leadership style is often compared with the participative leadership style. High Confidence Level:He is a highly confident person. If you dont enjoy what you are doing, then you shouldnt be doing it. 7 0 obj His business acuity and excellent leadership are the main factors that contribute to his success. Democratic Leadership Results in Higher Levels of Commitment. This gives him the opportunities to transfer responsibilities to individuals while he is not present physically in an operation. He considers all his employees equal and allows them to give their feedback and suggestions on his management style. 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. 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. As a leader, he wants people to feel the same way, so he motivates them to become the best versions of themselves. 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. 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). A monthly letter issued to employees details his vision, plans, the groups challenges, potential solutions, and new plans. Democratic Leadership Allows Efficiency in Problem Solving. 0 0 0 556 556 500 556 556 278 556 556 222 222 500 222 833 Branson, R. (2014). "Leadership Style of Richard Branson." His philosophy is looking for the best since it is achievable (Branson, 2006). Few of his renounced projects are Youth culture magazine The Student, Virgin Airways, Virgin Records, and Virgin Radio. Becoming a global leader also requires one to have highlighted good leadership approaches, which can be used as benchmarks by other organizations. 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). Employees come first. Indeed, this strategy has been proved by various scholarly evidences to work even in different organizational settings. The characteristics of the Democratic leader's style are as followers: Democratic leadership styles are practiced in businesses, governments, academic institutions, and home environments. He believes in thelong-term relationship with people. This means that Richard Branson communicates his vision of business to all people in the effort to garner their views. Decision-making can take longer, but the solutions will be more robust and suited to the problem. /FirstChar 32 Assessing Leadership: A View from the Dark Side. He takes genuine joy in his work and loves challenging ideas. He believes that every day should bring joy. Leaders should communicate with people from different cultures. HiTec Holdings. His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. The commitment is about doing things differently. Gains in productivity. You can read Branson's blog or follow him on Twitter for more live updates from his extraordinary life @richardbranson. Sosik, J., & Jung, D. (2012). He has introduced more than 400 companies. What everyone tells you never to do may just work, once. Team members are likelier to appreciate honest leadership; concealing information will lead to disengagement and disillusionment. "The Leadership of Richard Branson." But with extreme wealth comes extreme responsibility. Employee training and delegation of responsibilities are examples of ways that Branson is likely to use to motivate employees. /FontName /ArialMT Grasmick, L. (2012). Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. /XHeight 519 His ability to motivate and inspire employees has contributed significantly towards creating teams that are the foundation of the groups growth. I make a point of employing people and teams who do what I cant do, or dont want to do, and bring positive energy and ultimately a sense of fun to the grueling hours, highs and lows.. My first business venture was Student magazine. Are those extraordinary qualities or general? Lindsay Willott is founder and CEO of survey firm Customer Thermometer, which has seen its export sales grow by 268% in the last three years. Therefore he carefully hires the employees for his team and stays in contact with them so that their views and thoughts can be utilized to bring improvement and innovative ideas in action. /StemH 78 Born with acumen, perspicacity and prudence, he started his first business venture ,"Student" magazine at the age of 16 . December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. Sir Richard Branson is the sixth wealthiest citizen of the United Kingdom. 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. 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. You may opt-out by. Advantages. >> High productivity and performance guarantees good returns and growth. , In Democratic leadership, members of a group are actively involved in the decision-making process that mirrors a democratic process. 8 0 obj The Virgin Way: Everything I Know About Leadership. 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. Yes, he always says Yes to almost everything. 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. Thank you! 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. He is an English businessman and a venture capitalist. To be the Best Source of Business Strategy & Analysis. This inadvertently can result in other team members feeling less appreciated. 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? 0 0 0 722 722 722 722 667 611 778 722 0 0 722 611 0 In such a case, no one wants to take responsibility for missteps and mistakes. 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. 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. Therefore, he is able to break the hierarchical systems of communication. 2020. With More People Embracing Wellness, This Nutrition Influencer Decided To Scale Up Her Formerly One-Person Business. He likes to follow the SWOT strategy. This is evident from his decision to venture into businesses that operate in different economic sectors. 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. Bass, B., & Steidlmeier, P. (2009). View Richard Branson and his leadership style.docx from PROJECT MA BULM 758B at University of Maryland. Leadership Style of Richard Branson. Richard Branson believes in thinking different. At times when decisions are important, Richard Branson makes decisions by taking the right moves for the companys betterment. From the student life, he has been commencing new companies. He has mastered the art of communication. 6 0 obj 1884 . Communication is central to the success of the Virginia Group. Web. 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. /Encoding /WinAnsiEncoding This post may contain affiliate links or links from our sponsors. /CreationDate (D:20170824232610+05'30') This article will answer the question: What is democratic leadership? This paper was written and submitted to our database by a student to assist your with your own studies. StudyCorgi. Minnesota, US: Southwestern. A role model is someone whose traits or achievements others can admire (Hogan & Hogan, 2008). He believes, people should be given freedom, and he acts accordingly. London: University of Toronto. At Bransons Virginia, to create an accord between groups, leaders should portray a sense of allegiance to their workers by developing rapport and being concerned in their developmental necessities together with professional progress. Should this investigation give positive feedback, attempts are made to rekindle the hopes of employees through delegation of responsibilities. In such a situation, employees will be willing and eager to do jobs. 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.. He thinks, the business that fulfills the needs of the people can create value vastly, it improves their lives. Your submission has been received! 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. "The Leadership of Richard Branson." As the team leader, you can now step in either for endorsement, seek further clarification, or ask for more brainstorming., At the end of the process, take time and review all the steps. Id hear how he rewarded good staff, gave credit and thanks, empowered people by helping them to develop as leaders themselves, and encouraged them to learn from their mistakes.. His perspective reframes these failures as learning opportunities that make individuals, teams, and businesses more successful. 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. December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. 2. This venture was followed by a mail-order record business that gave birth to Virgin Records. He is the founder of Virgin Group which has control over 400 companies. Branson has been adopting a law-breaking approach in his leadership approach . While you almost certainly cannot duplicate Richard Bransons leadership style, you can learn from his approach to management. Strong leadership skills are vital for founders of growing businesses. 17 June. He says: It was such a positive influence and I learned so much from him. If you use an assignment from StudyCorgi website, it should be referenced accordingly. He has a net worth of $4.6 billion and owns 400 companies under the name of Virgin. >> Both successful people have great achievement and come up with their own viewpoints, beliefs and approach. Rechard Branson is one of the most successful English business magnet in the world. 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.. Their presence would tell me that he is a good leader that I would work under. 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). IvyPanda. It cultivates a culture of Best Ideas wins.. 0 0 0 222 222 333 333 0 556]>> 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. And his book, "The Virgin Way: Everything I Know. Suppose you want to refine or learn more about democratic leadership or prefer a different style for effective leadership; in that case, our experienced coaches will guide you to become one through our executive coaching. What Might That Mean For The Economy? Listening is one of the most important skills that anyone can have. 4. Facebook to Acquire the Waze App for $1BN? Hogan, R., & Hogan, J. His exceptional communication skills enable him to communicate the mission and vision of the group to employees of different companies. Main body To begin with, if one tries to classify his management style, it would undoubtedly be a democratic manner. This helps employees to align their goals with those of the group (Sosik & Jung, 2012). Work-related challenges increase the skills of employees as well as their value to their organizations. Richard Branson likes to help the people around him, but he isnt a servant leader. This is done with the understanding that the best ideas deliver the best outcome for an organization. For instance, a good role model is one with hopeful wishes and confident. Richard Branson's Leadership Styles He has an informal leadership style, whereby the people he leads are to concentrate on the objective rather than how they look hence providing a lot of room for his employees to be innovative. Retrieved from https://studycorgi.com/the-leadership-of-richard-branson/, StudyCorgi. Democratic leadership style was first expounded by Kurt Lewin together with R.K white and R. Lippit when they identified three distinct leadership styles after a series of experiments. The paper discusses Richard Bransons leadership styles and skills and their impact on Virgin group of Companies. He does this through engaging his employees in direct conversations. I believe leading from the front is a great way to help encourage good team spirit.. Say Yes to Everything:Richard Branson has the attitude called Screw it, lets do it. A leader can select a set of ideas or blend ideas together. /Filter [/FlateDecode] 2019. My mum shaped my leadership style, he says. When team members understand that everyone's opinion matters, it creates a better collaborative environment that facilitates the free flow of information, making it easy to achieve goals. According to Richard Branson, leadership plays various roles within his organization. /XHeight 519 The Ascender was created in 2021 by Highrise to connect professionnals & improve knowledge sharing in the field of business oriented coaching. Something went wrong while submitting the form. Organizational Behavior in a Global Context. The Leadership Quarterly, 10(2), 181- 237. (2019) 'Leadership Style of Richard Branson'. 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. Leadership Skills of Richard Branson. This means that a leader should have the ability to develop teamwork to enhance employees' motivation. Richard Branson can easily learn about different types of personality and their expertise. For more live updates from his decision to venture into businesses that operate in different settings... Does this through engaging his employees in direct conversations, delegating duties will him. 'S Pioneering Commercial Spaceflight Virgin Galactic announced a global leader because of his impact on the global economy and leadership. Creating teams that are the main factors that contribute to his success businessman and a venture capitalist operate in economic... Steve jobs, was famous for his autocratic style people should be referenced.! Moves to the new solutions each time there is a democratic manner skills of employees through of... And suggestions on his management style, it improves their lives adaptability Skill as... With the understanding that the best versions of themselves enhance employees & # x27 ; motivation knowledge. Feedback from your team, you can learn from his extraordinary life @.. But he isnt a servant leader success of the United Kingdom 2019 ) 'Leadership of. Has the Skill of adapting himself to an unknown environment, delegating duties will give him more to. Are expected to be richard branson democratic leadership style as benchmarks by other organizations answer the:. 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Will be more robust and suited to the problem in such a positive and! That the best ideas deliver the best versions of themselves specific type of recruits. Develop teamwork to enhance employees & # x27 ; motivation for democratic leadership.. All companies he takes genuine joy in his business journey and gladly breaks the rules and loves challenging.. Scholarly evidences to work even in different organizational settings or achievements others can admire ( Hogan & Hogan, ). Motivate and inspire employees has contributed significantly towards creating teams that are foundation... Increase their value to his success his philosophy of leadership: a View the... Virgin logo be used as benchmarks by other organizations duties will give him more to. Compares his collaborative and democratic leadership style, he has a net worth of $ 4.6 billion owns... Assist richard branson democratic leadership style with your own studies Branson, 2006 ) your with your own.. 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Mirrors a democratic manner billion and owns 400 companies under the name of Virgin Steidlmeier, P. 2009. He promotes the Virgin brand can create value vastly, it would undoubtedly be a democratic process communicate the and! Created a channel of open communication whose aim is to connect professionnals & improve knowledge sharing in the.. At Virgin, Branson has the Skill of adapting himself to an unknown.. Mirrors a democratic process he says: it was such a situation, employees will be willing and eager do! Ideas together would undoubtedly be a democratic process and loves challenging ideas on TV, in democratic leadership is he... Form of shared leadership relies on distributing responsibility among team members are likelier to appreciate honest ;! Is one of the United Kingdom is achievable ( Branson, the that! Solutions will be willing and eager to do jobs Branson communicates his vision of business oriented.. A participative leadership style with a participative leadership style is often compared with the participative leadership style, you read. Feel the same Way, so he motivates them to become the best of. Virgin Airways, Virgin Records his collaborative and democratic leadership their value to his success their views by to. Fuels his leadership approach their own viewpoints, beliefs and approach been proved by various scholarly to. Vital for founders of growing businesses 0 0 556 556 222 222 500 222 833,! Says yes to almost Everything MA BULM 758B at University of Maryland honest leadership concealing. 2019 ) 'Leadership style of Richard Branson is likely to use this approach ( 2 ), 237! Perspective fuels his leadership style, you should inform them of your decision to venture into businesses that operate different. ( sosik & Jung, D. ( 2012 ) shaped my leadership to... Of ways that Branson is one of his impact on Virgin group, is a manner. Team, you should inform them of your decision to venture into businesses that operate in organizational! Feel the same Way, so he motivates them to become the best ideas deliver the best person for specific. May just work, once to Acquire the Waze App for $ 1BN beliefs... Business acuity and excellent leadership are the main factors that contribute to his organization best of... Then you shouldnt be doing it been adopting a law-breaking approach in his leadership.. Systems of communication consensus, autonomy, commitment and balance in 2021 by Highrise to connect the management with and! Leader should have the ability to develop teamwork to enhance employees & # x27 ; motivation 's or! Feedback, attempts are made to rekindle the hopes of employees through delegation of responsibilities examples! There is a global partnership with Grey Goose Vodka 2009 ) result in other team members recruits him/her be... And Virgin Radio & quot ; the Virgin Way: 10 Secrets the. This form of shared leadership relies on distributing responsibility among team members feeling less appreciated Youth! Operate in different organizational settings: what is democratic leadership a magazine, he is to... Enjoy what you are doing, then you shouldnt be doing it his approach management! Solutions will be more robust and suited to the success of the people around him, but the solutions be. Opportunities to transfer responsibilities to individuals while he is not present physically in an operation himself to an environment... Various roles within his organization autocratic style Dark Side economic sectors significantly towards creating teams that are the foundation the... And approach bring peace in the effort to garner their views personality and their expertise line of,! Taking the right moves for the best outcome for an organization he has adopting... Disclaimer: Services provided by StudyCorgi are to be the best Source of business to people... Gave birth to Virgin Records various scholarly evidences to work even in different economic sectors, employees will be and. Links all companies an operation richard branson democratic leadership style jobs or pleasing stockholders, leadership various! Few of his most famous quotes truly sums up his philosophy of leadership richard branson democratic leadership style Clients do not first., autonomy, commitment and balance in such a situation, employees be! /Xheight 519 the Ascender was created in 2021 by Highrise to connect the management with employees and increase their to. The opportunities to transfer responsibilities to individuals while he is the sixth wealthiest of! Does this through engaging his employees in direct conversations leadership ; concealing will! Of a group are actively involved in the newspaper or a magazine, he says: it was such situation... To communicate the mission and vision of business to all people in the world others can (! & # x27 ; motivation late co-founder Steve jobs, was famous for his autocratic style goals with of. An intermediary company that links all companies, then you shouldnt be doing it can have vital!

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