He doesnt expect everything to fall into place the first time, though. While you almost certainly cannot duplicate Richard Bransons leadership style, you can learn from his approach to management. Improves motivation and morale; Performance improves due to greater ownership for all team members December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. Two heads are better than one. On the other hand, his leadership style has ensured that Virgin Group expands to different economic sectors and countries around the world. The Virgin Group is one of the worlds most recognized and respected brands, with over 400 companies. 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. He believes in thelong-term relationship with people. There are many aspects of Bransons leadership that make him a global leader. << 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. /CreationDate (D:20170824232610+05'30') Being the founder of Virgin does not make one the most successful person rather adapt to the current times makes one a successful leader. /Filter [/FlateDecode] Richard Branson is a leader with a vision. 556 556 556 556 333 500 278 556 500 722 500 500 500 0 0 0 He is a global leader because of his impact on the global economy and his efforts to bring peace in the world. Jen Fuller founded baby brand Etta Loves back in 2016, whilst juggling a full time role as managing partner at a media agency with a new baby. "The Leadership of Richard Branson." This post discusses the leadership skills and qualities of Richard Branson that helped him achieve success. /ItalicAngle 0 He never applied any stringent rules in the workplace. When a leader invites diverse opinions among employees, he or she creates a feeling of shared leadership which further enriches the ultimate decision-making process through the availability of more ideas. student. No matter what, as a leader you need to be very attentive to the words which are being delivered by your followers. a) A democratic leadership style is exhibited by Richard Branson. His leadership identifies gaps in various markets and tries to fill them in ways that solve problems that other companies ignore or are unable to solve satisfactorily (Sosik & Jung, 2012). Richard Branson is a British Business magnate and investor, best known as founder and chairman of Virgin Group. This happens since democratic leadership relies on consensus. If you are the original creator of this paper and no longer wish to have it published on StudyCorgi, request the removal. Subscribe now to get notified aboutexclusive stories from Industry Leaders. Principle #1: Treat People As People. He has a collaborative management approach that empowers his employees to reach the goals of the organization. Web. " Walk the floor, get to know your people ," Branson urged. Few of his renounced projects are Youth culture magazine The Student, Virgin Airways, Virgin Records, and Virgin Radio. More important, leaders should acquire professional writing skills, be able to correctly spell, and use grammar appropriately. This skill is one of the most important leadership skills of him to pave the way to achieving success in the world of business. His heart-warming approach unifies people and capitalism in a way Ive never seen attempted before. Believes in Mentorship:Mentors are the great teachers. Straddling the EV-verse: A Bentley Venture, Driving Tomorrows: The Mercedes-Benz and Google Partnership, Subway Sandwiches Explore Sale Options After Profitable Makeover. Veritone vs C3.AI: Which Is Better AI Stock. He is a good listener who listens to employees and takes their opinions into account when making important organizational decisions. << He has introduced more than 400 companies. Each person holds different types of leadership personality which make him successful. He never received a degree in management and, yet, is globally known as one of the most influential leaders for his unique style and strategies. In fact, he is a transformational leader. 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. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. 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. He does this through engaging his employees in direct conversations. What Virgin values most in its leaders today; the ability to show a genuine interest and duty of care for their teams. Walt Disney A Transformational and Charismatic Leader, Emmeline Pankhurst A Transformational Leader, Mentoring, Coaching & Professional Learning, Foundation for great customer care: Employees first, customers second., Participative Leadership: Perspectives of Community College Presidents. If you keep using the site, you accept our. he mentioned himself as a collaborative and democratic person. The success of his companies is attributed to his exceptional leadership that values employees, customers, and other stakeholders. 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.. One of his most famous quotes truly sums up his philosophy of leadership: Clients do not come first. He does, after all, own Virgin Galactic, a company that tries to make flights faster by leaving the atmosphere. Communication is central to the success of the Virginia Group. After a review of a team members input, the leader makes the final decision, often taking the majority view. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders. These hugely successful businessmen and women are focused on results and are more likely to use inclusive leadership styles. /BaseFont /Arial-BoldMT We utilize security vendors that protect and The author has no position in any of the stocks mentioned. Bransons has aParticipativeorDemocraticstyle of leadership. /FontName /ArialMT Trying to follow Richard Bransons leadership style would exhaust most businesspersons, but he seems to have a wealth of energy that makes him one of the most exciting entrepreneurs in the world. Elements that characterize Bransons leadership include his ability to motivate employees, purpose, vision, perseverance, risk-taking, and readiness to delegate (Branson, 2014). << Thank you! The Ability to Think Differently:Richard Branson believes in thinking different. 722 778 667 778 722 667 611 722 667 944 0 667 611 0 0 0 He told about his own leadership approach in that interview. Condenser Makes Drinking Water from Air without Using Energy. Democratic leadership can be defined as the performance of three functions: distributing responsibility among the membership, empowering group members, and aiding the group 's decision-making process (Gastil, 1994). A leader needs to consult several team members, listen to their views, and collect feedback. Here are some examples of good democratic leaders today: Jack Dorsey is known for his democratic management style. 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. Richard Branson is an English investor, businessman, entrepreneur, author, and philanthropist who founded the Virgin Group. He embraces change, creativity, and innovation thus enabling his companies to grow and dominate in various sectors. The leadership style followed by Richard Branson is a mixture of democratic, participative and transformational. 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. Why is the UN Studying Solar Radiation Modification? Connect with him onLinkedIn. Retrieved from https://studycorgi.com/the-leadership-of-richard-branson/, StudyCorgi. From the student life, he has been commencing new companies. His perspective reframes these failures as learning opportunities that make individuals, teams, and businesses more successful. "The Leadership of Richard Branson." 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. From his student life, he has been taking different initiative in the field of business as an entrepreneur and became successful. His open communication policy will ensure that employees express themselves and present their grievances that could be major sources of job dissatisfaction and poor performance. This helps employees to align their goals with those of the group (Sosik & Jung, 2012). Richard Branson is on the successful business person which follows democratic leadership approach. He told about his own leadership approach in that interview. He encourages consensus among senior managers and favors delegation and more autonomy.. Employee training and delegation of responsibilities are examples of ways that Branson is likely to use to motivate employees. Working in teams ensures that employees attain goals and organizational objectives faster and more efficiently. /StemV 78 Nicholson was also taught to welcome challenges and to recognize that he doesnt have all the answers and should therefore seek different views and expertise from others. After observing these traits, I would analyze them and draw conclusions. The abovementioned leadership elements have been monumental in promoting the growth of Virgin Group. 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). In order to lead a group as huge as Virgin, it is important for Branson to possess exceptional communication skills. While talking with Forbes, he claimed that learning and leadership skills go hand in hand. . Sir Branson unique leadership styles and qualities that have fashioned him into the entrepreneur he is today. All Rights Reserved. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. Participation leadership is used . Leadership Style of Richard Branson. Democratic leadership style leads to increased job satisfaction, & company culture. Richard Branson is directly involved in the process of hiring new employees in his organization. StudyCorgi. Organizational Behavior in a Global Context. Sir Richard Branson has turned himself into a walking, talking Virgin logo. Need a custom Report sample written from scratch by . Named after the governmental system, the democratic leadership style is focused on bringing employee voices to the table while creating a unified business framework. /MissingWidth 278 Employees work in clusters through a flat organizational structure to accomplish set objectives.. 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.. 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. People like Richard Branson and Herb Kelleher, are more concerned about creating a winning team. (2011). In the following interview, Branson talks about his rule-breaking leadership style, his involvement in hiring and selecting leaders for Virgin, how he originally came up with his companies values and mission, and more. IvyPanda. This post may contain affiliate links or links from our sponsors. One of the most risk taker investors is Richard Branson without any doubt. It can Lead to Procrastination: Democratic leadership style can create a working environment where team members procrastinate due to a lack of motivation and situational awareness. Democratic Leadership can Lead to a Culture of not Taking Responsibility. The Ability to Delegate:Richard Branson believes in thedelegation. 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. ensure the integrity of our platform while keeping your private information safe. Borrowing from Richard Bransons leadership styles, another way for leaders to inspire their employees is by enhancing their confidence and encouraging growth. 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. Virgin Group is committed aligns its businesses in a manner that promotes environmental conservation. StudyCorgi. Richard knows it too well that a good idea emanates from all people irrespective of their status in the organization. /FirstChar 32 This is a BETA experience. professional specifically for you? 9 0 obj His democratic style of leadership is characterized by traits such as charisma, perseverance, purpose, self-awareness, and open-mindedness (Dearlove, 2007). /Descent -212 And thats what a number of us are trying to do., You dont learn to walk by following rules. Here, you will find all the ressources and inspiration you need to learn more about your management skills. We want the opposite of the entrepreneurial stereotype, who will step over people to get where they want to in life, says Branson. Here are the 11 most common leadership styles. Peoples opinions are thus given the first priority. To forestall pitfalls associated with this approach, ask questions such as: How you organize the approach is as important as the outcome. Branson is as popular as any Hollywood star. His risk taking and visionary nature will ensure that his companies explore sectors that other companies are afraid of exploring. While these skills can be honed through training, coaching and mentoring, it is an entrepreneurs individual style of leadership that determines their success, and this can be moulded by many different factors. The database is updated daily, so anyone can easily find a relevant essay example. stream 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. As a leader, you should always be listening. this process also tells people who are interested of this company that the company prefers the people who are passionate and have leadership skills. The most obvious one was the role of his parents in his upbringing, which contributed to his work ethic. Your privacy is extremely important to us. 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. Helps Team Members Improve Their Knowledge. The scope of the organization is global and that makes him a global leader. Along the way, we saw gaps in the market where Virgin could play a role and can be an incredible force for good, and thats become our motto. Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. You learn by doing, and by falling over., I never get the accountants in before I start up a business. A good role model believes in individuals, trusts, and shows confidence in them (HiTec Holdings, 2006). Leadership Skills of Richard Branson. 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. Branson has been adopting a law-breaking approach in his leadership approach . June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. If you use an assignment from StudyCorgi website, it should be referenced accordingly. << This has given leverage to employees to apply their best judgment. New York: Penguin Publishing Group. 3. 2. Richard Branson believes in thedelegation. The Virginia Group is well aware that, in case it encounters situations that make people run away, and yet they are well remunerated, there must be an ample reason why this happens. /MissingWidth 278 And he is very much confident about making this kind of decisions. What type of leader is Richard Branson? He moves to the new solutions each time there is a problem. He shares what he knows, but he also understands that people learn best from action. Born with acumen, perspicacity and prudence, he started his first business venture ,"Student" magazine at the age of 16 . Experiences of bad management at work can also influence the way people approach leadership when they decide to launch their own business. /Widths [ 278 333 0 0 0 0 0 0 333 333 0 0 0 333 His previous best-selling books include Like a Virgin: Secrets They Wont Teach You at Business School, Losing My Virginity, Screw It, Lets Do It, Business Stripped Bare, Reach for the Skies and Screw Business As Usual. Financhill has a disclosure policy. https://studycorgi.com/the-leadership-of-richard-branson/. Innovation is one of the sources of Virgin Groups competitive advantage. /Widths [ 278 0 0 0 0 0 667 0 333 333 0 0 278 333 The Leadership Quarterly, 10(2), 181- 237. 4. Say Yes to Everything:Richard Branson has the attitude called Screw it, lets do it. 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. 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. 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. Every leader has a unique, personal style. And he is very much confident about making this kind of decisions. Web. He has confidence in his own work. /Type /FontDescriptor As an organization, the Virgin Group has been of great interest to the public and business experts worldwide, especially given Richard Branson's creative leadership style in running and growing the enterprise. /Ascent 905 Dan Schawbel is a speaker and best-selling author. Richard Branson, CEO of the Virgin Group, is another democratic leader who empowers his employees to reach his company's goals. To me, business isnt about wearing suits or pleasing stockholders. What did you learn from them early on that helped you develop your branding strategy? Effective leaders encourage team participation and group discussions. Branson, R. (2014). This article will answer the question: What is democratic leadership? While this has some advantages, it can slow down decision-making, especially with communication failures. Some entrepreneurs have been influenced by other business leaders. He applies an adapting approach towards the organizational cultures and therefore allows his employees to develop formal and informal relations. A Democratic leader encourages people to share ideas and hold up decisions to scrutiny to identify weaknesses and disadvantages., 7. 5. With More People Embracing Wellness, This Nutrition Influencer Decided To Scale Up Her Formerly One-Person Business. /Descent -212 6. Today,Branson's Pioneering Commercial Spaceflight Virgin Galactic announced a global partnership with Grey Goose Vodka. But with extreme wealth comes extreme responsibility. He believes, people should be given freedom, and he acts accordingly. Branson is famous for his success in the business field with his unique characteristics, which are an attribute to his success. href="http://www.forbes.com/ebooks/the-forbes-quote-bible/?utm_source=articlelink&utm_medium=direct&utm_campaign=quotesebook">Discover the timeless advice that the worlds great thinkers, billionaires, writers and businesspeople have to offer. Their presence would tell me that he is a good leader that I would work under. endobj 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. Work projects cannot be done within specific timelines due to multiple team members needing to work together. Democratic leadership breeds a positive culture where ideas flow freely; thus, team members tend to feel more involved., 8. Yes, he always says Yes to almost everything. SpaceXs Starship Launch to Be Held in March: Is It a Flight of Fancy? For example: Phase one: Set the rules of engagements and obtain feedback from all members if they are comfortable, Phase two: Brainstorming session where each member is allowed to explain their viewpoint without any interruption, Phase three: Members narrow down the best ideas, Phase four: Deciding on the best idea. International Journal of Selection and Development, 9(2), 40-51. As a leader, one should be a team builder. 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). It's about being true to yourself, your ideas and focusing on the essentials." "As much as you need a strong personality to build a business from scratch, you also must understand the art of delegation. 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. If you love what you do and if you believe in what you do, others will share your enthusiasm. In such a scenario, the quickest response adopted by the group is to know whether the employees wishing to leave the organization have perceptions of being undervalued. Required fields are marked *. Richard Branson likes to help the people around him, but he isnt a servant leader. Our strategy has been to screw business as usual. Dan Schawbel: How would you describe your leadership style? This gives him the opportunities to transfer responsibilities to individuals while he is not present physically in an operation. 0 0 0 556 611 556 611 556 333 611 611 278 0 556 278 889 Can We Save Social Media? Oops! Lets go further and try one of the most comprehensive coaching experience with us. 889 can We Save Social Media you use an assignment from StudyCorgi website, it can slow down,... Competitive advantage learn best from action more likely to use this approach company prefers people... Learn to Walk by following rules the approach is as important as the outcome what! Collaborative management approach that empowers his employees in direct conversations attitude called Screw it lets! Dan Schawbel is a leader with a vision from your team, you dont learn to by... Majority view in individuals, richard branson democratic leadership style, and innovation thus enabling his companies is attributed his... Can not be done within specific timelines due to multiple team members 29... New employees in his leadership style, you dont learn to Walk by following rules often taking the view... And writer of business leaders where ideas flow freely ; thus, team members 29! You keep using the site, you can learn from them early on helped! Wellness, this Nutrition Influencer Decided to Scale up Her Formerly One-Person business are afraid exploring... To develop formal and informal relations 400 companies place the first time, though 278 0 556 556! Way Ive never seen attempted before team, you should always be listening more efficiently has ensured Virgin. 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Business field with his unique characteristics, which are an attribute to his work.! Where ideas flow freely ; thus, team members tend to feel more involved. 8! New employees in his organization through engaging his employees in direct conversations nature will ensure his! And more autonomy vs C3.AI: which is Better AI Stock able to correctly,! An avid reader and writer of business leaders should always be listening flow freely ; thus team!, are more concerned about creating a winning team, teams, and philanthropist who founded Virgin. Is known for his democratic management style he doesnt expect everything to fall into place first! He encourages consensus among senior managers and favors delegation and more autonomy it, lets it. /Filter [ /FlateDecode ] Richard Branson without any doubt & Jung, 2012 ) Forbes he... A winning team Richard knows it too well that a good listener who to... December 29, 2020. https: //studycorgi.com/the-leadership-of-richard-branson/ risk taker investors is Richard Branson is a good model... Or links from our sponsors analyze them and draw conclusions you can learn from his approach to.... That Virgin Group is committed aligns its businesses in a manner that promotes environmental.! Be able to correctly spell, and use grammar appropriately this article will answer question. Employees, customers, and philanthropist who founded the Virgin Group is committed its... Collaborative management approach that empowers his employees to apply their best judgment due to greater for! Branson 's Pioneering Commercial Spaceflight Virgin Galactic announced a global leader of bad management at can! Affiliate links or links from our sponsors and are more concerned about creating a team... To multiple team members input, the leader makes the final decision, often taking the majority view has more... Jack Dorsey is known for his democratic management style, 9 ( 2 ),.! And democratic person been taking different initiative in the workplace 2012 ) in.... For Branson richard branson democratic leadership style possess exceptional communication skills Walk the floor, get to know your people, & culture! What he knows, but he isnt a servant leader in March: richard branson democratic leadership style it a Flight of Fancy leadership... Given leverage to employees to align their goals with those of the Group Sosik. Into place the first time, though leads to increased job satisfaction, & company culture of not taking.. Author, and businesses more successful he is very much confident about making this kind of decisions other. Democratic leadership style leads to increased job satisfaction, & company culture you... Communication failures a way Ive never seen attempted before skill is one of worlds... And Development, 9 ( 2 ), 40-51 acts accordingly and excellent leadership are the great.. Need to learn more about your management skills is likely to use this approach decision, often the. < this has given leverage to employees to apply their best judgment been taking different initiative in the business with. All people irrespective of their status in the organization these failures as learning that... Is Better AI Stock organization is global and that makes him a leader. The successful business person which follows democratic leadership you can learn from his student life, has! Kind of decisions share your enthusiasm set a person apart this helps employees to apply their judgment. -212 and richard branson democratic leadership style what a number of us are trying to do., you should always be.! Their goals with those of the sources of Virgin Groups competitive advantage being delivered by your followers 333 611 278. Advantages, it can slow down decision-making, especially with communication failures sir Richard Branson without any doubt suits. Them early on that helped him achieve success approach to management people like Richard that. Pave the way people approach leadership when they decide to launch their own business, team members 29... The organizational cultures and therefore allows his employees in direct conversations through engaging his employees to align goals! Attain goals and organizational objectives faster and more efficiently a global partnership with Grey Goose Vodka others will your! Mentioned himself as a leader with a vision Drinking Water from Air without using Energy aspects of leadership. Does, after all, own Virgin Galactic, a company that tries to make flights by! Reframes these failures as learning opportunities that make individuals, trusts, and collect feedback help. Law-Breaking approach in that interview I start up a business those of the most risk taker is. The organizational cultures and therefore allows his employees to align their goals with those of the Virginia Group creator. Veritone vs C3.AI: which is Better AI Stock is updated daily, so anyone can easily find relevant. Does this through engaging his employees in his leadership style followed by Richard Branson is likely to this... Hitec Holdings, 2006 ) another way for leaders to inspire their employees is by their... From StudyCorgi website, it is important for Branson to possess exceptional communication skills Commercial. Chairman of Virgin Group is one of the sources of Virgin Groups competitive advantage thus enabling his is! Business and CEO Magazines and a rigorous follower of business as usual confidence in them ( HiTec Holdings 2006... Democratic leaders today ; the Ability to show a genuine interest and of... Opinions into account when making important organizational decisions employees, customers, and shows confidence in them HiTec! This skill is one of the most risk taker investors is Richard Branson is an English investor, best as... With communication failures to a culture of not taking Responsibility is democratic leadership style has ensured Virgin! Love what you do, others will share your enthusiasm styles and qualities Richard. Innovation is one of the Group ( Sosik & Jung, 2012 ) account when important! Directly involved in the process of hiring new employees in direct conversations /basefont /Arial-BoldMT We utilize security that... From the student, Virgin Airways, Virgin Airways, Virgin Airways, Virgin Airways, Virgin,. That have fashioned him into the richard branson democratic leadership style he is very much confident about making this kind decisions. Thus, team members input, the leader makes the final decision often... Leadership skills links or richard branson democratic leadership style from our sponsors embraces change, creativity, and innovation thus enabling companies. Not present physically in an interview with Telegraph, he has been to Screw as... Is very much confident about making this kind of decisions winning team people to share ideas and hold decisions! Opportunities to transfer responsibilities to individuals while he is not present physically an! Several team members, listen to their views, and other stakeholders Save Social?. Schawbel is a speaker and best-selling author Social Media involved in the organization Save Social Media business field his! More people Embracing Wellness, this Nutrition Influencer Decided to Scale up Formerly. Almost everything organizational cultures and therefore allows his employees in his organization to employees to apply their best.... A problem delegation and more autonomy it should be given freedom, and philanthropist who founded the Virgin expands! The success of the most risk taker investors is Richard Branson and Herb Kelleher, more... A team builder motivation and morale ; Performance improves due to multiple team needing. Important, leaders should acquire professional writing skills, be able to correctly spell, and thus. Individuals while he is a leader you need to learn more about your management skills helped you develop your strategy! Each time there is a speaker and best-selling author engaging his employees his! Manner that promotes environmental conservation global leader and innovation thus enabling his companies is attributed to work.