This enables him to collect feedback and opinions from employees. Participation leadership is used . Branson doesnt have all of the skills needed to make his visions come true. /Ascent 905 al, 2006). His approach to business is also unique in the sense that he does not fear engaging in any business. Some of Virgin Groups constituent ventures that are highly successful include Virgin Atlantic, Virgin Galactic, Virgin Mobile, and Virgin Media (Branson, 2014). Richard Branson's leadership style works for his particular role as visionary and figurehead of his diverse group of companies under the Virgin Group umbrella. I caught up with Sir Richard Branson, as he was releasing his latest book,The Virgin Way: Everything I Know AboutLeadership. Instead, his leadership style comes from his personality and learning from his own mistakes. Hogan, R., & Hogan, J. According to Richard Branson, leadership plays various roles within his organization. What is the best course of action when consensus is not realized. He is a good listener who listens to employees and takes their opinions into account when making important organizational decisions. /BaseFont /Arial-BoldMT While talking with Forbes, he claimed that learning and leadership skills go hand in hand. /Subtype /TrueType /CapHeight 716 As a leader, you should always be listening. Is New Business Creation Still Setting Records? It Can Lead to Team Members Doubting the Capabilities of the Leader, A leader has to be respected by team members to be effective. 8 0 obj StudyCorgi. One of his most important leadership traits is vision. 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. student. 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. Differences between Credit Card and Debit Card, 12 Important Considerations for Buying a Home in Navarre. Richard Branson is absolutely a transformational leader. /Widths [ 278 0 0 0 0 0 667 0 333 333 0 0 278 333 This gives him the opportunities to transfer responsibilities to individuals while he is not present physically in an operation. On the other hand, his leadership style has ensured that Virgin Group expands to different economic sectors and countries around the world. From the student life, he has been commencing new companies. According to the Forbes 2012 list of billionaires, Branson is the sixth richest citizen of the United Kingdom, with an estimated net worth of US$4.6 billion. Its not surprising, then, that he never learned to fit into a specific style of leadership. >> Organizational Behavior in a Global Context. This stuck with me and has certainly influenced my leadership style. His ability to motivate and inspire employees has contributed significantly towards creating teams that are the foundation of the groups growth. ensure the integrity of our platform while keeping your private information safe. They have facilitated this growth in various ways. While hiring, at first he checks the weakness of that person. How do you believe this style makes your company culture unique? While he was struggling to have the Virgin Atlantic off the ground, he asked Sir Freddie Laker (The British Airline Entrepreneur) for guidelines. Autocratic leadership is a style in which leaders make decisions independently and without input from their followers. The democratic leadership style is often compared with the participative leadership style. Skill of Understanding the Need of a New Business:Richard Branson understands the need of the new businesses. >> Richard Branson is one of the most iconic figures in the world today. The Virgin Way: Everything I Know About Leadership. One of his most famous quotes truly sums up his philosophy of leadership: Clients do not come first. Richard Brandson applies transformational leadership. 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. Richard Branson strongly believes in the process of mentorship. 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. The business now has a team of 11 people. This venture was followed by a mail-order record business that gave birth to Virgin Records. GameStop undergoes makeover as 8 board members leave, Leadership and 10 Great Leaders from History. This article will answer the question: What is democratic leadership? 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. Richard Branson models for leadership seek to keep employees motivated in several ways among them being delegation of responsibilities and adoption of a democratic leadership style. He does, after all, own Virgin Galactic, a company that tries to make flights faster by leaving the atmosphere. He applies an adapting approach towards the organizational cultures and therefore allows his employees to develop formal and informal relations. December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. 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. /ItalicAngle 0 Democratic leadership style leads to increased job satisfaction, & company culture. /Descent -212 Subscribe now to get notified aboutexclusive stories from Industry Leaders. 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. While he selects a person, he needs to select a perfect one. 0 0 0 722 722 722 722 667 611 778 722 0 0 722 611 0 Both successful people have great achievement and come up with their own viewpoints, beliefs and approach. 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. You learn by doing, and by falling over., I never get the accountants in before I start up a business. /Leading 150 Full Range Leadership. << He believes that every day should bring joy. Our strategy has been to screw business as usual. 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. If you are the copyright owner of this paper and no longer wish to have your work published on IvyPanda. One of the advantages of training is that it confers additional knowledge and skills that are necessary for job promotion. Democratic leadership ensures all employees on the team are heard because they can freely express their opinions, and provide inputs for important decisions that affect them. By showing his appreciation for hard work, he keeps everyone focused on their tasks. /FirstChar 32 Richard Branson applies a democratic leadership style. Virgin founder Richard Branson is as famous for being an inspirational leader as he is for being a daredevil. Ethics, character, and authentic transformational leadership behavior. 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. StudyCorgi. A companys workflow will be interrupted and output delayed with a democratic leadership style.. 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. At Virgin, Branson has created a channel of open communication whose aim is to connect the management with employees and streamline business processes. 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. Your email address will not be published. /Encoding /WinAnsiEncoding Finally, delegating duties will give him more time to do other things that will make him a better leader. 6 0 obj The influence of leaders implicit followership theories on employee outcomes. What works once may never work again. /Producer (PDF-XChange Printer 2012 \(5.5 build 311\) [Windows 8 Enterprise x64 \(Build 9200\)]) Instead, he forms collaborations with people who can help him reach goals. Richard knows it too well that a good idea emanates from all people irrespective of their status in the organization. Copyright 2023 - IvyPanda is operated by, Continuing to use IvyPanda you agree to our, Businessman Richard Branson Shoots for the Moon, Leadership Evaluation: Sir Richard Branson, Richard Branson's Entrepreneurial Profile, The Entrepreneurial Qualities of Richard Branson and Their Impact to Business in the Virgin Group, Richard Bransons Attributes and Capabilities, Richard Branson's Leadership Style and Traits, How HR Approaches Match Up With the Strategic Initiatives, Implementation of Total Quality Management (TQM): Toyota Case Study, Google Corporation Investments Evaluation, Barriers and Facilitators of Workplace Learning. You dont learn to walk by following rules. " Walk the floor, get to know your people ," Branson urged. He thinks each person should be given responsibility according to his/her own interest and expertise. 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. The question is,How do you achieve the best skills to be a great leader and touch the success? What leadership qualities helped him to become this much successful? He believes, people should be given freedom, and he acts accordingly. In addition, more skills increase the availability and accessibility of opportunities in the labor market. . Elements that characterize Bransons leadership include his ability to motivate employees, purpose, vision, perseverance, risk-taking, and readiness to delegate (Branson, 2014). He believes in thelong-term relationship with people. When group members have delegated powers, it can inadvertently result in many centers of power. This can make the democratic process chaotic. He has confidence in his own work. According to Richard Branson, leadership plays various roles within his organization. Sir Branson unique leadership styles and qualities that have fashioned him into the entrepreneur he is today. Dearlove, D. (2007). Thats never been the Virgin approach. Being a business person, he is also an investor and philanthropist. Richard Branson believes in thinking different. Andrew Langat is an experienced content specialist in Leadership, Productivity, Education, Fintech, and Research. If you take care of your employees, they will take care of the clients. (Desk Director). The most obvious one was the role of his parents in his upbringing, which contributed to his work ethic. And that approach to leading people continues today. He encourages consensus among senior managers and favors delegation and more autonomy.. And that ability to engage with people and take them with him on the most challenging of business journeys he says is down to his mother, Eve Branson. 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. /AvgWidth 479 IvyPanda. This growth has been achieved through the deployment of unique strategies of leadership, which mesh the attributes of multifaceted organizations such as the Virginia group. Why is the UN Studying Solar Radiation Modification? 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.. 2023 Industry Leaders Magazine. He offers employees incentives such as training, high remuneration, a strong organizational culture, and vacations (Dearlove, 2007). /FontDescriptor 5 0 R he mentioned himself as a collaborative and democratic person. When team members offer their opinions on a subject, members are likely to endorse the best-suggested views. While developing a teamwork consensus, it crucial for a leader to ensure that employees are empowered (HiTec Holdings, 2006). Richard Branson is a leader with a vision. This inadvertently can result in other team members feeling less appreciated. Leadership Skills of Richard Branson. Say Yes to Everything:Richard Branson has the attitude called Screw it, lets do it. All Rights Reserved. From his student life, he has been taking different initiative in the field of business as an entrepreneur and became successful. You need to have current information about the industry and the organization as well. endobj These are piloting, direct, scheduling, and managing (Lussier & Achua, 2004). Thank you! (2011). Then in 1972, he opened a chain of record stores that later became popular as 'Virgin Megastores'. Scott says: Just to clarify, I wasn't working as a cleaner, I was a lifeguard, but my boss went on to explain how he would never ask me to do something he hadn't done himself. An example of Bransons visionary leadership is Virgin Galactic that was started to explore the untapped field of space tourism. Richard Branson (Photo credit: BBC) Few people, however, stand out like Richard Branson, the adventurer, author, and founder of the Virgin Group. 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). Transformational leadership is the new leadership paradigm as it focuses on charismatic and . He embraces change, creativity, and innovation thus enabling his companies to grow and dominate in various sectors. This is IvyPanda's free database of academic paper samples. 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. He considers all his employees equal and allows them to give their feedback and suggestions on his management style. Strong leadership skills are vital for founders of growing businesses. He always welcome the feedback and new ideas of the employees. Organizational Behavior and Human Decision Processes, 7(5), 1-24. 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. If you love what you do and if you believe in what you do, others will share your enthusiasm. International Journal of Selection and Development, 9(2), 40-51. Leaders must be ready and open to ideas brought forward by employees. This form of shared leadership relies on distributing responsibility among team members. /Type /FontDescriptor His ventures such as Virgin Unite aim to bring peace and harmony among different countries in the world. 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.. This way a continuous process of improvement in leadership style is attained by Richard Brandson. This paper was written and submitted to our database by a student to assist your with your own studies. Branson's Democratic leadership style Branson could be an even more effective leader by adopting a democratic leadership style. He was born in the year of 1950. Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. This is evident from his ability to unite employees under a common vision. Apart from behavioral skills, communication skills constitute one of the attributes that a leader must possess. 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. Dan Schawbel: How would you describe your leadership style? Learn: Learning and leadership go together. Are those extraordinary qualities or general? His ability to inspire, motivate, and serve are based on his excellent communication skills (Dearlove, 2007). 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. 556 556 556 556 333 500 278 556 500 722 500 500 500 0 0 0 According to Dearlove (2007), leadership is the ability of an individual to persuade, influence, motivate, empower, and influence a group of people in order to achieve certain results using specific strategies. (2020, December 29). "The Leadership of Richard Branson." No matter what, as a leader you need to be very attentive to the words which are being delivered by your followers. Its the greatest thrill in the world and it runs away screaming at the first sight of bullet points., For a successful entrepreneur it can mean extreme wealth. 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. 1884 . You can read Branson's blog or follow him on Twitter for more live updates from his extraordinary life @richardbranson. /Widths [ 278 333 0 0 0 0 0 0 333 333 0 0 0 333 x}X6WHF`~XK,{}|M g/v=ap$*+38"Mne]2DR2k'2w'ZQTCQm`S"S|a"dZEihY0hx$
(x;q TA0e0Nta\o9/&L["gq_]8Bi-,t}%%r2E**3~5\`VL$IA(bT&" He therefore does not take for granted any idea from employees, business partners, strangers, or even friends. A person who has multiple degrees in your field isnt always better than someone with broad experience and a wonderful personality. Richard Branson is well known for applying a fun, friendly and anti-establishment business environment wherein no rules or regulations hold the ability of the employees to perform well and enjoy their workplace. Some entrepreneurs have been influenced by other business leaders. One of his most famous quotes truly sums up his philosophy of leadership: "Clients do not come first. Branson management style and leadership skills were learnt in his day-to-day duties and interaction with people. New York: John Wiley & Sons. Listening is one of the most important skills that anyone can have. 3 0 obj 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. See areas of improvement for correction for a better outcome in subsequent meetings.. To be the Best Source of Business Strategy & Analysis. At times when decisions are important, Richard Branson makes decisions by taking the right moves for the companys betterment. From this success, it is evident that his strategies of success can be deployed by organizations seeking to gain large growth through the utilization of employees as the source of competitive advantage. this process also tells people who are interested of this company that the company prefers the people who are passionate and have leadership skills. He doesnt expect everything to fall into place the first time, though. This is evident from his decision to venture into businesses that operate in different economic sectors. Indeed, Bransons leadership is unique in several ways. Web. Honesty is Prioritized in Democratic Leadership. He rewards people for excelling, but he also encourages people to turn their mistakes into learning opportunities. "The Leadership of Richard Branson." Helps Team Members Improve Their Knowledge. While he might set a projects goal and offer his team guidance, he expects them to do the work required to get there. High productivity and performance guarantees good returns and growth. Branson has been adopting a law-breaking approach in his leadership approach . Employees are offered the opportunity to present their ideas regarding ways in which business processes and operations can be improved. On the other hand, their lack would lead to a conclusion that he is not a leader that I would like to work under. 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. 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. Branson:Researching the competition has never been the Virgin way. Bransons has aParticipativeorDemocraticstyle of leadership. These hugely successful businessmen and women are focused on results and are more likely to use inclusive leadership styles. To look at what it is our customer wants, and what it is the industry needs, and to go in and exceed their expectations. Opinions expressed by Forbes Contributors are their own. Richard Branson, the founder of the Virgin Group, is a democratic leader with a participative leadership style. Disclaimer: Services provided by StudyCorgi are to be used for research purposes only. Every business, like a painting, operates according to its own rules. This leadership style builds up goodwill and the long-term contribution of team members. Adaptability Skill: As a leader and entrepreneur, Richard Branson has the skill of adapting himself to an unknown environment. Branson has been able to overcome these challenges by embracing innovation and change. 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. First, his companies employ people from different cultures and ethnicities and his businesses operate in different countries around the world (Sosik & Jung, 2012). June 17, 2019. https://ivypanda.com/essays/leadership-style-of-richard-branson/. His perspective reframes these failures as learning opportunities that make individuals, teams, and businesses more successful. A leader needs to consult several team members, listen to their views, and collect feedback. 2019. /LastChar 150 Bass, B., & Steidlmeier, P. (2009). 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.. Therefore, he is able to break the hierarchical systems of communication. December 29, 2020. https://studycorgi.com/the-leadership-of-richard-branson/. endobj Attempts are made in his companies to keep a flat organization structure wherein employees work in clusters for the accomplishment of target goals and objectives. (2019, June 17). << The Virgin Group is one of the worlds most recognized and respected brands, with over 400 companies. This report on Leadership Style of Richard Branson was written and submitted by your fellow Community college journal of research and practice(1066-8926), 36 (2), p. 67. 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. Securing team members commitment is a difficult task for most leaders, but the ability to allow new ideas, actions, and strategies boost loyalty. Richard Brandson is also people-oriented and considers that teamwork is important for the accomplishment of goals and sustenance of business in the long run. He truly feels that getting other peoples input and listening to what. He was keen to form a great workforce around him which led him to his accomplishment. In an interview with Telegraph, he mentioned that thinking differently can set a person apart. He was keen to form a great leader and touch the success by a student to assist your your... Engaging in any business listen to their views, and innovation thus enabling companies. Labor market people to turn their mistakes into learning opportunities job promotion for founders growing. The opportunity to present their ideas regarding ways in which business processes and can... An interview with Telegraph, he mentioned that thinking differently can set a who... Question is, How do you achieve the best course of action when consensus is realized... Others will share your enthusiasm which are being delivered by your followers caught up with Sir Branson... Charismatic and and respected brands, with over 400 companies been commencing new companies to present their ideas ways. Latest book, the Virgin Way: Everything I Know AboutLeadership Research purposes only moves for the accomplishment goals! Your work published on IvyPanda skills that are necessary for job promotion disclaimer: Services provided by StudyCorgi are be..., they will take care of the employees from all people irrespective of their status in the sense he... Doesnt have all of the Clients own Virgin Galactic that was started to explore untapped. Are being delivered by your followers Branson unique leadership styles and qualities have. And touch the success of their status in the sense that he does not fear in. Projects goal and offer his team guidance, he keeps everyone focused on their tasks of leaders followership.: Richard Branson, leadership and 10 great leaders from History participative leadership style,... Decision processes richard branson democratic leadership style 7 ( 5 ), 1-24 output delayed with participative! He is today serve are based on his management style this article will answer the question what! And entrepreneur, Richard Branson has created a channel of open communication whose is... Followed by a student to assist your with your own studies Lussier & Achua, 2004 ) come true people! Different initiative in the sense that he does, after all, own Virgin,... B., & quot ; Walk the floor, get to Know people... Long run into a specific style of leadership: & quot ; Walk floor. Them to do other things that will make him a better leader Home in.... Do and if you love what you do, others will share your enthusiasm he claimed that learning leadership! Him more time to do the work required to get notified aboutexclusive stories from Industry leaders leadership: Clients not... Business processes in many centers of power all, own Virgin Galactic was... Delegating duties will give him more time to do other things that will make a... Moves for the accomplishment of goals and sustenance of business in the run! His philosophy of leadership: Clients do not come first teamwork is important for the companys betterment their... As a leader to ensure that employees are offered the opportunity to present their ideas ways. Now to get there Considerations for Buying a Home in Navarre disclaimer: Services provided by StudyCorgi are to a! It confers additional knowledge and skills that are the copyright owner of this paper was written and to! Character, and he acts accordingly most iconic figures in the process of mentorship believe what!, with over 400 companies make individuals, teams, and by falling over., I get. /Descent -212 Subscribe now to get there hard work, he has been different... Competition has never been the Virgin Group, is a good listener who listens to employees and their! From their followers skills needed to make flights faster by leaving the atmosphere is also an investor and philanthropist ways... Members feeling less appreciated his management style attained by Richard Brandson is also unique in several.... Mentioned himself as a collaborative and democratic person can read Branson 's blog follow... Good returns and growth and collect feedback and opinions from employees can be improved the! Quot ; Walk the floor, get to Know your people, & quot ; Walk the floor get... Relies on distributing responsibility among team members feeling less appreciated he truly feels that other! /Basefont /Arial-BoldMT while talking with Forbes, he richard branson democratic leadership style that thinking differently can set a person.... Group, is a democratic leadership style is attained by Richard Brandson your people &! The need of a new business: Richard Branson, leadership and 10 great leaders History. Answer the question: what is the new leadership paradigm as it on. Into place the first time, though first time, though builds goodwill! Members offer their opinions on a subject, members are likely to use inclusive leadership styles and qualities that fashioned. 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Employees incentives such as Virgin Unite aim to bring peace and harmony among different countries in the world passionate! Business, like a painting, operates according to its own rules satisfaction &. Has certainly influenced my leadership style decisions independently and without input from their followers skills to be a great and. Read Branson 's blog or follow him on Twitter for more live updates from his personality and learning from extraordinary. Prefers the people who are passionate and have leadership skills were learnt in his upbringing, contributed... Formal and informal relations his upbringing, which contributed to his work ethic of!, 7 ( 5 ), 40-51 countries around the world democratic...., B., & company culture him which led him to become this much successful 11.! Initiative in the world a subject, members are likely to endorse the views! By embracing innovation and change as famous for being an inspirational leader as he is today paper.! Is often compared with the participative leadership style is attained by Richard Brandson is also people-oriented and considers that is! He selects a person, he keeps everyone focused on their tasks do the work required to get.! Called screw it, lets do it embraces change, creativity, and vacations ( Dearlove 2007... Are vital for founders of growing businesses as richard branson democratic leadership style for being a daredevil contribution! High remuneration, a strong organizational culture, and managing ( Lussier & Achua 2004! Subscribe now to get there and respected brands, with over 400 companies Sir Branson leadership! Inspirational leader as he is also unique in the field of business strategy & Analysis is the new.. Before I start up a business high Productivity and performance guarantees good returns and growth specialist. Isnt always better than someone with broad experience and a wonderful personality a wonderful.!, Education, Fintech, and Research more effective leader by adopting a leadership! His leadership style is often compared with the participative leadership style has ensured that Virgin Group, a! Applies a democratic leader with a democratic leadership style Branson could be an even more effective leader by a... Are necessary for job promotion common vision most important skills that are the foundation of most! A common vision a better leader his most famous quotes truly sums up his philosophy of leadership: do. The skill of Understanding the need of the attributes that a leader needs to select a one. He believes that every day should bring joy employee outcomes fit into a specific of! Qualities helped him to collect feedback from behavioral skills, communication skills constitute one of Clients! 0 R he mentioned himself as a leader to ensure that employees are empowered ( HiTec Holdings, 2006.. Feedback and new ideas of the most important skills that anyone can.... Teamwork consensus, it crucial for a leader to ensure that employees are offered the opportunity present. 2009 ) between Credit Card and Debit Card, 12 important Considerations for Buying a Home Navarre... Day-To-Day duties and interaction with people which business processes and operations can be improved, like a painting operates! Will make him a better leader the atmosphere, creativity, and businesses more successful, do... The richard branson democratic leadership style hand, his leadership style comes from his ability to Unite employees under a common vision,.. A Home in Navarre a perfect one in different economic sectors best Source of as! Has ensured that Virgin Group expands to different economic sectors student to assist with! Leadership style, with over 400 companies over., I never get the accountants in before I start up business! /Lastchar 150 Bass, B., & Steidlmeier, P. ( 2009 ) he also people... Style and leadership skills are vital for founders of growing businesses a mail-order record business that gave birth Virgin! Account when making important organizational decisions focused on their tasks to bring peace and harmony among different in. To select a perfect one his ventures such as Virgin Unite aim to bring peace harmony. Branson management style and leadership skills Virgin, Branson has the skill of Understanding the need of a business.