StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Leadership Style of Virgin Group Ltd - Case Study Example

Cite this document
Summary
The author of the current case study "Leadership Style of Virgin Group Ltd" brings out that leadership style can be recognized as one of the most crucial ways of motivating the employees, guiding them and thus attaining the objectives of the organization…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
Leadership Style of Virgin Group Ltd
Read Text Preview

Extract of sample "Leadership Style of Virgin Group Ltd"

? Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study Question One Leadership style can be recognized as one of the most crucial ways of motivating the employees, guiding them and thus attaining the objectives of the organization. Leadership styles need to be adapted in order to meet the requirements of a particular situation, the specific needs of the people involved and the challenges faced by the organization. A leader can be stated to be effective if he/she is capable of making use of the adequate leadership skills in each context. It can be mentioned that the leader might either make use of one particular leadership skill or he/she might as well make use of the combination of the leadership skills in order to enhance the effectiveness of the organization. It is the leadership policies that facilities to identify the capabilities of each and every leader’s leadership style. The leadership styles are mainly adopted in order to meet the goals and the objectives of the organization. The basic leadership styles that a leader might follow are autocratic, bureaucratic, laissez-faire and democratic (Sage Publication, 2012). It has been evident from the case study that Sir Richard Branson is one of the most effective and prominent leaders. Out of the various leadership styles that have been demonstrated above in terms of authentic leadership style, expert power as well as referent power, Sir Richard Branson seems to be practicing laissez-faire leadership style. He believes in doing things in an innovative way so that the customers can be fascinated with the brand. He believes in working with people whom he knows and can trust. Sir Richard Branson values his employees and thus involves them in the process of decision making. He believes in autonomy of choice for the employees thereby leaving them alone so that the employees are capable of doing what they want to do. It has been quite apparent from the case study that Sir Richard Branson possesses innate leadership qualities. He has been found to make use of natural capabilities as well as skills. He believes in the fact that the employees need to be valued and their opinions need to be sought in order to make the company grow bigger. It is a well known fact that the authentic leaders learn from their mistakes and their failures that occurred in the past. Whenever Sir Richard Branson experiences any sort of setbacks, he always picks himself up and tries again. He prepares himself to have another attempt at certain unfulfilled aspects with the knowledge or learning that he has gathered from the failures in the past. Authentic leaders tend to gain encouragement from their own lives (University of Technology Sydney, 2012). He has been quite motivated by his mother who revealed the fact that one must not look back in regret but must move to the next thing. It can be mentioned that an authentic leader is someone who is not afraid of confessing his/her faults. He/she therefore makes an attempt in order to overcome his/her drawbacks. From the case study, it has been recognized that Sir Richard Branson also practices expert as well as referent powers. Sir Richard Branson seems to possess the necessary skills as well as knowledge which can be utilized by someone else (Martin, 1978). He has the capability to impact others’ behavior because of the recognized competencies, specialized knowledge as well as talents. It has been apparent that Sir Richard Branson possesses the power of holding the capability to manage other persons’ feelings related to personal recognition (Nwlink, 2012). According to Sir Richard Branson, the correct pecking order in an organization is employees first, customers next and shareholders at the end. This perception demonstrates how much importance his company places on the employees. It can be mentioned that Sir Richard Branson’s leadership style has been quite effective for Virgin Group Limited. He has been capable of taking the company to great heights and to be recognized as among the most famous brands in the world. Most of the leaders in the United States tend to possess participative leadership style. Therefore, Laissez-Faire leadership style might not be completely effective in the United States. Question Two It has been apparent from the discussion above that the leaders in most of the United States’ companies make use of the participative leadership style. Therefore, it can be suggested that Sir Richard Branson can make use of the participative leadership style. By practicing participative leadership style, Sir Richard Branson will be capable of involving all his members in a team in recognizing the necessary goals and creating methods as well as policies in order to attain those goals. Sir Richard Branson will act as a facilitator instead of merely issuing orders or making assignments. One of the vital advantages that participative leadership style offers is that the procedure permits for the creation of additional leaders who can perform in order to attain the goals of the organization. It is because of the fact that leaders making use of the participative leadership style foster involvement of all the team members, the employees will be capable of articulating their creativity and revealing capabilities as well as talents which would not be apparent otherwise. Sir Richard Branson will be capable of guiding his employees on how a certain task can be conducted. The employees of Virgin will be capable of communicating the problems that they face in the organization and gain recommendations as well. Although the final decision making power will rest with Sir Richard Branson however the team members of Virgin will be included in the process related to making decision. The company will possess staffs who are highly satisfied and productive enough since they are more involved in the process of decision making. By practicing participative leadership in the organization the skills as well as the knowledge of each individual of Virgin Group Limited will be developed (Dolatabadi & Safa, 2010). Question Three With the recent trend of globalization and internet technology, it has been observed that most of the companies are quickly making use of global teams. It is generally noted that creation of the global teams is a challenging task for the leaders. Effective leadership skills need to be used by Sir Richard Branson so that he can manage a team to facilitate his project of space tourism. One of the biggest challenges when developing a global team is that individuals belonging to distinct racial as well as ethnic backgrounds will be required to work together in Virgin. Although most of these teams are created in order to bring together the resources and thus escalate operational effectiveness, the cultural diversity related to the team members may develop a longer learning curve for designing effective methods than culturally similar teams (Maznevski & Distefano, 2000). Sir Richard Branson will have to access the strengths of each individuals of the global team and thus try to minimize the coordination difficulties arising because of the communication problems, language dissimilarities, distinct style of working of the members and misunderstanding. Global teams are created so that the effectiveness and efficiency of the organization can be enhanced by a considerable extent by making effectual utilization of the diversity of viewpoints. Sir Richard Branson needs to instill the required skills as well as capabilities so that he can act in an adequate way in a global environment. He can intend to possess adequate knowledge related to technology as well as cross-cultural knowledge. At the outset, Sir Richard Branson needs to be a good team member so that he can easily comprehend the problems of each global team in space tourism. Change management plays a significant role in terms of managing global teams. Conflicts are likely to occur among the members since each team belongs to culturally different backgrounds. Social cohesion needs to be stimulated among the members of the team. It would be prudent if Sir Richard Branson is capable of offering cross-cultural training to the members of the organization. The global team can learn the methods in which the cultural differences can be reduced in an effective way (Cornell University, 2012). Question Four It can be mentioned that Sir Richard Branson has been a personality who is capable of attaining success for the organization by incorporating his human resource capital in organizational progress. He chalks out a course for his organization and attempts to set a new course if he feels that it is necessary to do so. Sir Richard Branson can be characterized as being a commendable person. It is his high confidence level that helps the organization in attaining success. The case study makes it evident that Sir Richard Branson pays due attention when he recruits people for the organization. He is not as much concerned with the industry-specific expertise as he is with strong communication and teamwork competencies in a person while recruiting which aligns with the culture of Virgin Group. This quality of Sir Richard Branson can be effectively utilized in the workplace. It teaches the fact that the employees are the key to success for any organization. They must be given due priority in an organization so that the overall effectiveness and efficiency can be increased. Sir Richard Branson is always focused upon active listening which can be inculcated in an organization. It is quite significant to listen to the problems confronted by the employees. By doing so, the employees will feel free to express their problems to the leaders. He was found to accept risk gracefully which can be inherited in any organization. Any new task comprises certain degree of risks. The leaders must be capable of accepting those risks and should work towards the attainment of the goals of the organization (Girlscout, 2012). References Cornell University. (2012). Global teams: trends, challenges and solutions. Retrieved from http://www.ilr.cornell.edu/cahrs/hrSpectrum/upload/Spring10Meeting_VirtualTeamsWhitePapers.pdf Dolatabadi, H. R. & Safa, M. (2010). The effect of directive and participative leadership style on employees’ commitment to service quality. International Bulletin of Business Administration 9, pp. 31-42. Girlscout. (2012). Five qualities good leaders express. Retrieved from http://www.girlscouts.org/for_adults/leader_magazine/2004_fall/five_qualities.asp Martin, R. (1978). Expert and referent power: A framework for understanding and maximizing consultation effectiveness. Journal of School Psychology 16 (1), pp. 49-55. Maznevski, M. L. & Distefano, J. J. (2000). Global leaders are team players: Developing global leaders through membership on global teams. Human Resource Management 39 (3), pp.195-208. Nwlink. (2012). Leadership style. Retrieved from http://www.nwlink.com/~donclark/leader/leadstl.html Sage Publication. (2012). Laissez-Faire leadership. Retrieved from http://www.sagepub.com/northouseintro2e/study/chapter/encyclopedia/encyclopedia3.2.pdf University of Technology Sydney. (2012). Leadership style. Retrieved from http://www.clg.uts.edu.au/pdfs/LGAQLeadershipStyle.pdf Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study”, n.d.)
Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study. Retrieved from https://studentshare.org/business/1452440-sir-richard-branson-chairman-virgin-group-ltd-case
(Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study)
Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study. https://studentshare.org/business/1452440-sir-richard-branson-chairman-virgin-group-ltd-case.
“Sir Richard Branson, Chairman, Virgin Group, Ltd. Case Study”, n.d. https://studentshare.org/business/1452440-sir-richard-branson-chairman-virgin-group-ltd-case.
  • Cited: 2 times

CHECK THESE SAMPLES OF Leadership Style of Virgin Group Ltd

Sir Richard Branson and the Virgin Group of Companies

Sir Richard Branson and the virgin group of Companies Executive Summary This is a business case study of the virgin group of Companies, which is managed and owned by one of the most famous world entrepreneurs, Sir Richard Branson.... hellip; Section 1 Introduction The manager and owner of the virgin group of companies, Sir Richard Branson belongs to the group of the most successful entrepreneurs in the business world.... However, the success and expansion of the virgin group led to incorporation of other business ventures making him a portfolio entrepreneur....
10 Pages (2500 words) Essay

Sir Richard Branson, Chairman in Virgin Group, Ltd

From the case study “Sir Richard Branson, Chairman in virgin group, Ltd.... It is because of the effectiveness of Richard Branson's leadership style that virgin group Limited has been capable of becoming a multibillion-dollar worldwide conglomerate and one of the most recognized brands in the world.... Therefore, it can be stated that although the Laissez-Faire leadership style tends to be useful for virgin group, it may not be effective in the US context (Taleghan, Salman, & Taatian, 2010)....
7 Pages (1750 words) Case Study

Relevance of Bransons Leadership Style in Todays United States

The paper "Relevance of Branson's leadership style in Today's United States" discusses that most of the youngsters of our age have leadership qualities.... To run a successful transactional leadership style, it is highly required that all the process are well defined, and the goals and obstacles of the organization are clearly understood.... In reality, followers' dynamics has also an effect on leadership style (Kean, 2011, p.... But this leadership is inconsistent in nature....
7 Pages (1750 words) Case Study

Effective Communication and Teamwork Competencies at Virgin Group

Branson, the Chairman of virgin group Limited employs unique management and leadership styles in order to achieve successful organizational goals.... The author of this paper presents the effective communication and teamwork competencies at virgin group.... Another leadership style that Benson employs in the virgin group Limited is Theory Y leadership model.... This leadership style acknowledges leadership dynamics and recognizes leaders as being responsible for the actions of their subordinates (Hellriegel and Slocum (2010)....
7 Pages (1750 words) Case Study

Leadership Styles of Sir Richard Branson - Chairman from Virgin Group

The key leadership style of Transformational leadership can be adopted, when I reach leadership positions.... The paper "Leadership Styles of Sir Richard Branson - Chairman from virgin group" states that after running the newspaper for few years and featuring advertisements for music records, Branson understood that there is high demand for popular music records.... “Conceived in 1970 by Sir Richard Branson, the virgin group has gone on to grow successful businesses in sectors ranging from mobile telephony, travel, financial services, leisure, music, holidays and health & wellness....
6 Pages (1500 words) Case Study

Leadership Style and Characteristics of Richard Branson

From the statement, it is clear and correct to say that he is the kind of leader that involves people, and also himself, to ensure the success of virgin group.... The success of the Virgin group is attributed greatly to the personal qualities and leadership style of Richard Branson.... This paper elaborates on the leadership style of the entrepreneur that makes his business flourish, having over fifty thousand employees at the moment.... nbsp;… virgin group of companies was founded by Sir Richard Nicholas Charles Branson in 1970....
7 Pages (1750 words) Assignment

Exploring Strategy and Innovation

With the brand the group has been able to create other companies with similar quality since the Virgin brand has instilled confidence in customers (Thorne and Pellant, 2007:234).... In order for the company to gain a competitive edge, For virgin Company, the major resource is Richard, its founder.... He is very aggressive leader and his devotion to business has resulted in the establishment of other virgin Companies such as virgin Cola, virgin Rail, and virgin Record and virgin Atlantics....
4 Pages (1000 words) Essay

Charismatic Leadership - Strengths

This paper will look at the concept of charismatic leadership to analyze whether this form of leadership is always appropriate for organizations.... During the process the paper analyses different leadership theories and styles.... It will also look at a very important feature of leadership namely decision making.... Charisma like leadership has many definitions, but again has a common thread that runs across each one....
18 Pages (4500 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us