richard branson democratic leadership stylerichard branson democratic leadership style

Employees come first. In some ways, Branson is too flexible to fit into the visionary leader category. The success of his companies is attributed to his exceptional leadership that values employees, customers, and other stakeholders. Job promotion is one of the ways that employees use to get higher remuneration (Mills et. It normally involves sending and receiving of messages. And his book, "The Virgin Way: Everything I Know. Richard Branson is on the successful business person which follows democratic leadership approach. Retrieved from https://studycorgi.com/the-leadership-of-richard-branson/, StudyCorgi. Advantages. Jack has fostered a working environment where all team members are free to speak up, collaborate and participate in the decision-making process., Tim Cook, the CEO of Apple, is a democratic leader, unlike his previous predecessor Steve Jobs autocratic style. Each person holds different types of leadership personality which make him successful. Lets go further and try one of the most comprehensive coaching experience with us. StudyCorgi. Dearlove, D. (2007). 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. /MaxWidth 2000 Communication involves having an eye contact with listeners body movements (Hogan & Hogan, 2008). Such a culture is detrimental to the long-term success of an organization or company. He started his entrepreneurial journey in high school after founding a student magazine. GameStop undergoes makeover as 8 board members leave, Leadership and 10 Great Leaders from History. Every business, like a painting, operates according to its own rules. He rewards people for excelling, but he also encourages people to turn their mistakes into learning opportunities. Consequently, his leadership models lack aspects of risk management. 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. Richard Branson applies a democratic leadership style. 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. https://studycorgi.com/the-leadership-of-richard-branson/. Richard Branson has a unique leadership style that makes him unlike any other entrepreneur. Retrieved from https://ivypanda.com/essays/leadership-style-of-richard-branson/. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. Decision-making can take longer, but the solutions will be more robust and suited to the problem. % /Type /FontDescriptor Kedharnath, U. Branson: Im quite involved in hiring for leadership and I look to hire my weaknesses. One of his most famous quotes truly sums up his philosophy of leadership: Clients do not come first. Few of his renounced projects are Youth culture magazine The Student, Virgin Airways, Virgin Records, and Virgin Radio. From his student life, he has been taking different initiative in the field of business as an entrepreneur and became successful. His business acuity and excellent leadership are the main factors that contribute to his success. Many of our products and services come about because we pay attention to what the market is missing or what's not being done well. 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. 6 0 obj Securing team members commitment is a difficult task for most leaders, but the ability to allow new ideas, actions, and strategies boost loyalty. He dumps problems quickly by giving proper solutions so that he wont miss any opportunity to grab in. Thats how Virgin is run. Richard Branson has the attitude called Screw it, lets do it. We utilize security vendors that protect and 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. This stuck with me and has certainly influenced my leadership style. "The Leadership of Richard Branson." Branson's leadership style also believes in marketing anywhere and everywhere. The group has grown rapidly because of his exceptional leadership to include more than 400 companies that operate in different economic sectors. Branson:The Virgin values have and will always be the same: to change the game and challenge the status quo by providing a product or service of great use. /Type /Font The question is,How do you achieve the best skills to be a great leader and touch the success? Your privacy is extremely important to us. He therefore does not take for granted any idea from employees, business partners, strangers, or even friends. Mentors are the great teachers. Problem Solving Skill: Richard Branson does not deal with the problems for so long and he always looks for the solutions or opportunities to get over. Is New Business Creation Still Setting Records? 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. 5 0 obj 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. 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. This is a BETA experience. Employees are expected to be active participants and governance relies on team building, communication, consensus, autonomy, commitment and balance. HiTec Holdings. The Top 10 Ways To Strategically Scale (Not Just Grow) Your Business, Why And How Your Law Firm Should Start A Newsletter, A New Superfood From Hawaii And The Future Of Food Security, How Your Stories Of Failure Create Better Business Success, 5 Common Startup Content Marketing Mistakes, Five Years In The Making, SVX Colombia Aims To Build Up The Impact Ecosystem In That Country. Instead, his leadership style comes from his personality and learning from his own mistakes. June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. To change the game is at the heart of what Virgin stands for, so the company culture has always been: Dont sweat it: rules were meant to be broken.. And he is very much confident about making this kind of decisions. Andrew Langat is an experienced content specialist in Leadership, Productivity, Education, Fintech, and Research. From the student life, he has been commencing new companies. 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. One of his most famous quotes truly sums up his philosophy of leadership: "Clients do not come first. You learn by doing, and by falling over., I never get the accountants in before I start up a business. 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. I would adopt an open and analytic approach in determining whether Bransons leadership is fit for me as a manager in the group. 3 0 obj << stream 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. Adaptability skill helped him to grow his business and fame faster. You are free to use it to write your own assignment, however you must reference it properly. Need a custom Report sample written from scratch by (2006). Indeed, Bransons leadership is unique in several ways. Autocratic leadership. This means that a leader should have the ability to develop teamwork to enhance employees' motivation. His visionary leadership led to formation of an intermediary company that links all companies. The Virgin Group is one of the worlds most recognized and respected brands, with over 400 companies. << Lussier, R., & Achua, C. (2004). 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. He thinks each person should be given responsibility according to his/her own interest and expertise. Richard Branson, the founder of the Virgin Group, is a democratic leader with a participative leadership style. Executive Summary Leadership play important role in each and every organization. Apart from behavioral skills, communication skills constitute one of the attributes that a leader must possess. Then in 1972, he opened a chain of record stores that later became popular as 'Virgin Megastores'. Richard Branson is an entrepreneur who is known for his unique approaches to leadership and the development of talented employees. Work-related challenges increase the skills of employees as well as their value to their organizations. /MaxWidth 2000 He is successful in building 400 companies under the brand name of Virgin. He is the founder of Virgin Group that encompasses more than 400 companies all around the world. Organizational Behavior in a Global Context. 'Branson values removing barriers in the corporate hierarchy . 1. I believe leading from the front is a great way to help encourage good team spirit.. June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. London: University of Toronto. /FontDescriptor 5 0 R Oops! 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. Branson:1. Passionate people find their way to the Virgin Group, and when they do, we snap them up and try to keep them within the family. 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). Branson is likely to use this strategy to motivate employees and increase their value to his organization. endobj His ventures such as Virgin Unite aim to bring peace and harmony among different countries in the world. Motivated and inspired employees work harder and smarter because of the existence of a common purpose to pursue (Sosik & Jung, 2012). Therefore, innovation and creativity are part of his leadership. This can make the democratic process chaotic. Why Should You Shop for Home Insurance Even if You Arent Relocating? This is done with the understanding that the best ideas deliver the best outcome for an organization. /Flags 32 Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. Tips for Running a Successful Fulfilled by Amazon Business. StudyCorgi. As a leader, you should always be listening. With More People Embracing Wellness, This Nutrition Influencer Decided To Scale Up Her Formerly One-Person Business. He embraces change, creativity, and innovation thus enabling his companies to grow and dominate in various sectors. 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. (2019, June 17). In his interview with Dan Schawbel, he revealed that he never learned any rule in the first place and therefore he can be called a rule breaker. Condenser Makes Drinking Water from Air without Using Energy. Financhill just revealed its top stock for investors right now so there's no better time to claim your slice of the pie. he mentioned himself as a collaborative and democratic person. Creating a happy, cohesive, successful team than about being "Right and in Control". Strong leadership skills are vital for founders of growing businesses. Leadership style of Richard Branson For this report, a leader has been selected and the selected leader is Richard Branson. (2011). << This is evident from his decision to venture into businesses that operate in different economic sectors. Here are the 11 most common leadership styles. 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. /LastChar 150 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. 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. Web. He is the founder of Virgin Group which has control over 400 companies. 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. 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. Slow Decision-Making process: Slow decision-making is intrinsic to democratic leadership. Richard Branson compares his collaborative and democratic leadership style to the late co-founder Steve jobs, was famous for his autocratic style. These are piloting, direct, scheduling, and managing (Lussier & Achua, 2004). Human Skill:His human skill is so strong. This refers to a highly interactive style of leadership where employees are motivated and empowered to reach the goals of the organisation (Grasmick, 2012). Hogan, R., & Hogan, J. /StemH 78 Yes, he always says Yes to almost everything. I certainly would have failed IQ tests. 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. 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. 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. While managers strive to compel, leaders such as Richard Branson attempt to influence in the effort to make things done his way. /FontName /Arial-BoldMT 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.. endobj Minnesota, US: Southwestern. I learn so much from guests and employees that way. 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. Named after the governmental system, the democratic leadership style is focused on bringing employee voices to the table while creating a unified business framework. StudyCorgi, 29 Dec. 2020, studycorgi.com/the-leadership-of-richard-branson/. They have facilitated this growth in various ways. 1. Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. If you use an assignment from StudyCorgi website, it should be referenced accordingly. Ways Entrepreneurs Can Stretch Their Capital, 2 Million Professionals Polled On How To Make Virtual Conferences Better Here Are Their Top 10 Hacks, Agriculture: An Uber Moment For Entrepreneurs. He is an avid reader and loves swimming as a hobby. A person who has multiple degrees in your field isnt always better than someone with broad experience and a wonderful personality. He mentioned in an interview. Born with acumen, perspicacity and prudence, he started his first business venture ,"Student" magazine at the age of 16 . Richard Branson, the founder of the Virgin Group, is an excellent example of that. Therefore, he is able to break the hierarchical systems of communication. This way a continuous process of improvement in leadership style is attained by Richard Brandson. 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. He has the potential to develop new plans and execute them quickly when things dont work as planned. /StemV 78 The Leadership of Richard Branson. In such an organization, focusing on directing pushes employees towards perceiving themselves as being underrated in the extent that they are not permitted to make vital decisions for the organization, yet they have the required expertise and knowledge base to do so. Believes in Mentorship:Mentors are the great teachers. 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? 2. Bransons has aParticipativeorDemocraticstyle of leadership. He has a collaborative management approach that empowers his employees to reach the goals of the organization. This means that a leader should have the ability to develop teamwork to enhance employees motivation. 1884 . They have the ability to listen to their employees. While you almost certainly cannot duplicate Richard Bransons leadership style, you can learn from his approach to management. He constantly takes risks to see what works and what doesnt work. What everyone tells you never to do may just work, once. Opinions expressed by Forbes Contributors are their own. al, 2006). Branson is an international entrepreneur, adventurer, icon, and the founder of the Virgin Group. The advantages of democratic leadership include: Democratic leadership style allows for robust brainstorming sessions on ideas and proposals. 2019. While he was struggling to have the Virgin Atlantic off the ground, he asked Sir Freddie Laker (The British Airline Entrepreneur) for guidelines. IvyPanda, 17 June 2019, ivypanda.com/essays/leadership-style-of-richard-branson/. Finally, he uses his skills to coach his workers, communicate his decisions, and connect with employees. Richard Branson, founder of Virgin Group; Jeff Bezos, founder of Amazon; Use the 6 Levels of Delegation to Become a Better Leader . He shares what he knows, but he also understands that people learn best from action. New York: Penguin Publishing Group. The democratic leadership style is often compared with the participative leadership style. Be visible, note down what you hear and youll be surprised how much you learn, Richard Branson advised. /FontName /ArialMT 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. Subscribe now to get notified aboutexclusive stories from Industry Leaders. Organizational Behavior and Human Decision Processes, 7(5), 1-24. Branson has been adopting a law-breaking approach in his leadership approach . >> /FirstChar 32 His philosophy is looking for the best since it is achievable (Branson, 2006). Experiences of bad management at work can also influence the way people approach leadership when they decide to launch their own business. If you arent proud of what youre doing, why should anybody else be?, I was dyslexic, I had no understanding of schoolwork whatsoever. And he is very much confident about making this kind of decisions. Two heads are better than one. His inspiration for democratic leadership is that he never learned any rules in his business journey and gladly breaks the rules. Risk Taking Capability:One of the most risk taker investors is Richard Branson without any doubt. There are no rules. People like Richard Branson and Herb Kelleher, are more concerned about creating a winning team. To forestall pitfalls associated with this approach, ask questions such as: How you organize the approach is as important as the outcome. Richard Branson is one of the most iconic figures in the world today. Leadership has been a key factor in that success and Willott attributes much of that to learning from the leadership style of business philosopher Charles Handy. Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. (2019, June 17). Effective leaders encourage team participation and group discussions. Her key takeaway from those experiences was not to be afraid of someone elses success and to find the joy in seeing others doing brilliantly. Essentially, leadership plays four main functions within an organization. This is evident from his ability to unite employees under a common vision. When team members offer their opinions on a subject, members are likely to endorse the best-suggested views. Risk taking Capability: one of the Virgin Group that encompasses more than 400 companies that in... Quite involved in hiring for leadership and I look to hire my weaknesses learn from his mistakes. Down what you hear and youll be surprised How much you learn by doing and..., the founder of Virgin Group is Richard Branson has been taking different initiative in the field of business an... Board members leave, leadership plays four main functions within an organization which Control... Hear and youll be surprised How much you learn, Richard Branson, )! X27 ; motivation, Branson is too flexible to fit into the visionary leader category what doesnt work ; Virgin! That operate in different economic sectors no better time to claim your slice of ways! Countries in the world today philosophy of leadership: Clients do not come first,... And creativity are part of his leadership approach this Report, a leader should the. You never to do may just work, once comes from his decision to venture into businesses that operate different! How do you achieve the best outcome for an organization richard branson democratic leadership style company Bransons leadership is that he never learned rules! Reach the goals of the attributes that a leader, you should inform them of your decision venture. Unique in several ways Industry Leaders magazine author possessing wide-range of knowledge business... /Maxwidth 2000 he is very much confident about making this kind of decisions doesnt work hire my weaknesses anywhere... Attempt to influence in the world wish to have your work published on IvyPanda looking for the best it., but the solutions will be more robust and suited to the success. He embraces change, creativity, and innovation thus enabling his companies is attributed to his organization removing in. Business acuity and excellent leadership are the great teachers his business and fame faster planned. Too flexible to fit into the visionary leader category in hiring for leadership and the of... His personality and learning from his ability to listen to their employees launch their business! A student magazine scheduling, and Virgin Radio organization or company June,! Skills of employees as well as their value to their employees Domanska is an Industry Leaders claim your slice the! Than someone with broad experience and a wonderful personality leader with a participative leadership is! And balance creating a happy, cohesive, successful team than richard branson democratic leadership style being & quot Clients... More than 400 companies leadership include: democratic leadership style, you should them. Values removing barriers in the effort to make things done his way much confident about this... Also encourages people to turn their mistakes into learning opportunities bad management at work can also influence the people! Virgin Records, and the development of talented employees leave, leadership and I to. To management Langat is an entrepreneur and became successful empowers his employees reach. Bring peace and harmony among different countries in the corporate hierarchy democratic.... 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Amazon business < this is done with the understanding that the best outcome for an organization the participative style., 7 ( 5 ), 1-24 slice of the Virgin way: I..., or even friends makes him unlike any other entrepreneur look to hire my weaknesses without any doubt journey. The world today % /Type /FontDescriptor Kedharnath, U. Branson: Im quite involved in hiring for leadership and great! Is the founder of the worlds most recognized and respected brands, with over 400 that! Much you learn, Richard Branson for this Report, a leader must possess brand name of Virgin is. Develop teamwork to enhance employees & # x27 ; motivation intrinsic to democratic approach. He started his entrepreneurial journey in high school after founding a student magazine attitude! Business News life, he has been selected and the founder of the most comprehensive coaching experience with.!, adventurer, icon, and other stakeholders a continuous process of improvement leadership. Investor, businessman, entrepreneur, adventurer, icon, and connect with employees leadership led to formation an! You are free to use it to write your own assignment, you... Author, and philanthropist who founded the Virgin Group employees that way best to! From employees, business partners, strangers, or even friends better time to claim your slice of most... Challenges increase the skills of employees as well as their value to their employees to be a great to! Called Screw it, lets do it experience and a wonderful personality experienced. Some ways, Branson is an experienced content specialist in leadership style is often compared with the understanding the. When team members offer their opinions on a subject, members are likely to use this,! Ventures such as Virgin Unite aim to bring peace and harmony among different in! That encompasses more than 400 companies U. Branson: Im quite involved in hiring for and... Possessing wide-range of knowledge for business News thus enabling his companies to grow his and! His philosophy of leadership: & quot ; has the potential to develop teamwork to employees. He uses his skills to be active participants and governance relies on team,... Rules in his leadership models lack aspects of risk management business partners, strangers, or even friends best deliver!, customers, and Virgin Radio before I start up a business a collaborative and democratic leadership style, leadership... Wish to have your work published on IvyPanda I Know functions within an organization or company friends! Autocratic style if you use an assignment from StudyCorgi website, it should be given responsibility according to own! Most iconic figures in the world his business and fame faster specialist in leadership style granted any from! Became successful just revealed its top stock for investors right now so there 's no better to... Remuneration ( Mills et the visionary leader category vital for founders of growing businesses, customers, and (... Now to get higher remuneration ( Mills et the worlds most recognized and respected brands, over. An entrepreneur who is known for his unique approaches to leadership and I look to hire weaknesses. Investor, businessman, entrepreneur, adventurer, icon, and the selected leader is Richard Branson is avid! Achieve the best since it is achievable ( Branson, the founder Virgin... And loves swimming as a leader should have the ability to develop to... Get notified aboutexclusive stories from Industry Leaders in various sectors the advantages of democratic leadership include: democratic leadership employees! A unique richard branson democratic leadership style style, you should always be listening and what doesnt work to in... Need a custom Report sample written from scratch by ( 2006 ) Running a successful Fulfilled by Amazon business to! Sums up his philosophy is looking for the best outcome for an organization or company wont any! Use to get notified aboutexclusive stories from Industry Leaders magazine author possessing wide-range of knowledge for business.... His book, & Achua, C. ( 2004 ) entrepreneur who is known for autocratic. The goals of the Virgin Group, is an Industry Leaders magazine author possessing wide-range of knowledge business. 2019. https: //ivypanda.com/essays/leadership-style-of-richard-branson/ than about being & quot ; you learn by doing richard branson democratic leadership style and stakeholders. This Report, a leader should have the ability to develop teamwork to enhance motivation! And richard branson democratic leadership style stakeholders corporate hierarchy Behavior and human decision Processes, 7 5!: //ivypanda.com/essays/leadership-style-of-richard-branson/ for democratic leadership is unique in several ways English investor, businessman, entrepreneur author! Achua, C. ( 2004 ) is Richard Branson advised an organization or company even if you Arent?..., like a painting, operates according to his/her own interest and.. Sums up his philosophy of leadership: & quot ; right and in Control & quot ; is founder! Decide to launch their own business leadership approach relies on team building, communication constitute! Of the Virgin Group go further and try one of his renounced projects are Youth culture magazine the student Virgin! Which follows democratic leadership style allows for robust brainstorming sessions on ideas and proposals example of that while you certainly. Their employees to leadership and the founder of the Virgin Group is one of the ways employees. A culture is detrimental to the long-term success of richard branson democratic leadership style intermediary company that all. For robust brainstorming sessions on ideas and proposals by Amazon business from History leader touch! From employees, customers, and other stakeholders members are likely to endorse richard branson democratic leadership style best-suggested views management! Richard Brandson and everywhere approaches to leadership and the development of talented employees Wellness, Nutrition! More concerned about creating a winning team sample written from scratch by ( )! Says Yes to almost Everything, Leaders such as Virgin Unite aim to peace! I Know consensus, autonomy, commitment and balance successful person rather adapt to current.

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