Sir rich branson chairman virgin group ltd case

Category: Essay,
Published: 02.04.2020 | Words: 1359 | Views: 361
Download now

Curiosity Groups, Group Dynamics, Strategic Thinking, Travel

Excerpt coming from Case Study:

Sir Rich Branson, who is the founder and chairman of Virgin mobile group limited, has been identified as a life changing leader. His form of management is liked and disliked by many worldwide. Branson continues to be known to have a different way of leadership which includes led the Virgin group to go through heavy and thin over the years. Although the company has a total of fifty, 000 employees and makes about 20 billion dollars dollar sale every year, it has suffered challenges because of Branson’s leadership as well. The management Branson exhibits attracts his followers probably because he is indeed open regarding everything. The strategies and skills that he puts forward are generally not a secret and are very doable too. Branson went on to openly declare how and when he previously caused damage to the company. When the leader tried to launch d Mp3 player or insisted about holding the retail outlets will be such cases. Another illustration where Branson led the corporation to lose cash was when he launched the Virgin Soda which was destructed by the Coca Cola Company. A major component of his leadership style is the importance this individual has given to employees. In which most of the executives focus more on talk about holders, consumers and then workers, Branson has got it considering the other way around. In his opinion, if the employees are happy, they will look at make the consumers happy and if the shareholders see the customers content, they might want to invent too.

Need help writing essays?
Free Essays
For only $5.90/page

In the competitive world today, it is crucial to get a good match between the management style plus the behavior of the employees right now there. The construction theory has been utilized to see how leadership and dominance at some point go on to affect job performance in the long term. (Tangpinyoputtikhun Tiparos, 2011)There is a great focus on tactics implemented within a business. The position of the leader is to associated with followers or perhaps the employees in this instance work towards some goal. Transformational leaders like Branson often work on interpersonal exchange. They work to inspire the employees and in doing so get their self-interest accepted as well. This sort of commanders works to encourage employees and make sure they are settle in such an environment such that they need to work more proficiently in the firm. This sort of command is versatile and relies upon how much the best choice trusts the followers to come through.

The transactional command on the other hand works together a system of performance and reward. The more the workers excel, the better reward they will get. (Tangpinyoputtikhun Tiparos, 2011)

The employees that Branson employs, he guaruntees all their concerns are clarified. Branson possibly said it himself that just because a company is elevating in size, it doesn’t mean this starts to devalue people and their requirements. Branson feels this individual has a responsibility for all of his employees.

The perception of leadership demonstrated by Branson would be successful in the United States today. Branson the actual organization resemble one big family where everyone is concerned with every other person. Many of the business today are getting to be merely profitable machines with regards to the profit and losses with the company. If this form of leadership is taken up the by the company world, there wouldn’t become any labor unions or perhaps unhappy staff. If viewed in more detail, there would be reduced amount of office national politics and less problem as well. Today America demands transformational leader’s more than transactional leaders. Income is a given everywhere every employee will probably be aware of the money he or she will probably be given no matter what the quality of operate is. However, transformational leadership inspires automobile and energizes him to work harder. The employee appears past his own passions and tends to look at the dilemna as well. Along with benefiting the employee, this sort of enthusiasm will certainly increase the efficacy of the organizations in America today.

Branson includes a high preference for listening to his workers and producing a step against what they want. Though his command style can not be said to be autocratic, it isn’t very democratic both. It is accurate that he listens towards the employees and resolves all their problems. Yet , in the circumstances where the company was at loss because of him, it demonstrates he hadn’t used democratic decision making possibly. In a democratic style, the best choice shares making decisions abilities and works with various other members from the crew. In Branson’s company, however the people were content they were not active in the making decisions. In a democratic style leadership, all the members of the firm make decision keeping the goals and advantage of the organization in mind. Branson gets the quality of being an active listener and if this individual implements the advice of members for other hierarchical levels, the corporation might carry on to gain in the long run. Research has indicated that leadership design is one of the most efficient one and enhances productivity. It increases on the spirits of the organization and makes the folks consider them self an important part of the corporation. (Martindale, 2011) A crucial aspect of this kind of leadership is usually that the people have to become skilled and willing to share all their ideas. The communication ought to be smooth, ideal and should have a good length of time as well. (Martindale, 2011) Decisions made in a rush like or simply to demonstrate a point will not likely go on to benefit the business.

Richard Branson has started the Virgin Galactic space tourism software and has already has guests signing up for this kind of venture. Branson, who is the owner of millions of dollars worth of property, wished to take a step big considering the money. His aim was going to expand his company but also go onto do something that could affect the human race in a major way. (Waugh, 2012) Branson has been centering on attaining friends for his project via all over the world. Superstars like Tommy lee jones, Ashton Kutcher and Brad Pitt are already subscribed to the airline flight (Waugh, 2012) This significant project will be a success using his workers and the team Scaled composites will be working together with Virgin for making this project a success. The designs quite simply belong to Scaled composites yet would go to be owned by the new company that will function Spaceship Two plus the White Dark night. The new organization known as the Spaceship Company is a joint venture of Scaled and Virgin.

Definitely, when an individual wants to be a leader, they may have these skills necessary to be successful. The motivation that the leader offers works to serve the business at the bureaucratic level. It can be easily shown by Branson’s enthusiasm. Apart from having the skill and the inspiration, a leader must be able to grasp the unpredictability and opportunity of the situations in the organization. The leader should be able to take in all of the minute details and be able to make a decision favoring employees and the organization in large. ((Phillips Look, 1992) Branson has the inclination to think out of your box and make proper decisions. This individual emphasizes in taking hazards and acquiring chances and being assured in what to do. Some may argue that this is a rather impulsive form of decision taking; it includes seemed to lift weights for Branson.

Overall, Richard Branson is usually lively leader who does not seem to dedicate months pondering before this individual takes up a venture. The degree of confidence and belief this individual has in his company fantastic employees work positively pertaining to him. The qualities from this form of command appear to be thought for others and strategic thinking. Risk choosing is