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Reflection about richard branson life
Richard branson case study
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For the purposes of our assignment I will attempt to put Richard Branson in a sort of box that he would surely object to and would certainly pop out of like a jack-in-the- box. The difficulty with attempting to analyze the leadership style of Branson is that everything that has been written about him prefaces his achievement with his larger than life personality. There's no denying that Branson is fun and passionate, but he's also very bright and very hardworking. I think that if Branson took the Myers-Briggs Type Indicator Profile he would discover that he is ENTP: an extroverted, intuitive, thinking, perceiving human being. From his autobiography, Losing My Virginity it's clear that Branson is action oriented, enthusiastic and seems to work well in an every changing environment. When he was 15 years old he founded a magazine called Student with another classmate. They worked non-stop for years to make the magazine successful. His intuition was clear even at that young age. He talks about the work they put in, not to make money in the short run, but just to keep the magazine afloat until the next issue. For Branson it was more about the creative process. He says, "I can honestly say that I have never gone into any business purely to make money A business has to be involving, it has to be fun, and it has to exercise your creative instincts." He realized that at some point there would be breakthrough and he could attract the advertisers he needed to really gain monetary success. At that moment he was having a great time just doing it. His intuition for great ideas has also been well documented throughout his career. In an interview with an online magazine Branson admits that he carries a notebook with him at all ... ... middle of paper ... ... the key weakness that I see in the Virgin Organization. I think that the leaders at Virgin really need to think about how they will survive as an organization without Branson's leadership. His autobiography is titled " Losing my virginity. How I've survived, had fun, and made a fortune doing business my way". How can this be translated into doing business the "Virgin Way" so they can continue to be successful? Only time will tell how Virgin survives without him at the helm. Works Cited Branson, Richard. Losing My Virginity. London, Virgin Publishing Ltd. 1998 Collins, Jim. Good to Great. New York, Harper Collins Publishers. 2001 "Branson Bets Billions to Curb Global Warming" msnbc.com 21 Sept 2006. http://www.msnbc.msn.com/id/14936341 "26 Most Fascinating Entrepreneurs" inc.com 1 April 2005. http://www.inc.com/magazine/20050401/26-branson.html
Throughout history, the organizational landscape has been highly competitive. Effective leadership aligned with the core corporate strategy can serve as a powerful lever to achieve success in a fast paced business environment. We have seen great leaders taking their businesses to new heights. They knew how to build great companies while treating their employees well, how to improve or change dysfunctional corporate cultures, reinvigorating tired brands and develop new strategic plans. Others proved themselves difficult to work for, stubborn and even out-of-touch. The following report analyzes the leadership of Robert Nardelli who is the chairman and Chief Executive Officer of Chrysler.
Sanderson has loved books since he was young. He enjoyed reading when he was child, but he lost his interest because of stereotyped books. When Mrs. Reader recommended that Sanderson read the epic fantasy, Dragons bane, he retrieved his interest in books. Sanderson continued reading numerous fantasy boos during his teenager year. (Sanderson )
Something that I can truly attest to is that people are not born with these leadership qualities, they must be inspired. Inspiration is a positive influence to the mind or soul of a person that usually comes from the people around them. People can be inspired by teachers, family members, friends and even strangers. My inspiration comes from my family members and my CNA instructor because their urge and passion for education has lead to their success. Deriving from a family of nurses, professors, principals and business women, I have nothing but all the motivation I need to succeed. They want nothing but the best for me and that is why their lives and decisions have such an impact on my life.
According to the text, “Control is defined as any process that directs the activities of individuals toward achievement of organizational goals. It is how effective managers make sure things are going as planned (Bateman, pp 520, 2007).” The combination of these two concepts, leadership and control help formulate an ideology that becomes an integral part of the success or failure of any business entity. This paper will give Team D an opportunity to delve into Sears Holdings’ leadership and control mechanisms. The focal point of this paper will be to identify the current CEO of Sears Holdings, and gain insight on his background, i.e., training, education, and previous employment. To identify his style of leadership, evaluate the effectiveness of this leadership style based on Sears Holdings’ performance, and to explain the various control mechanisms used in the organization to determine the effectiveness.
Leadership at times can be a complex topic to delve into and may appear to be a simple and graspable concept for a certain few. Leadership skills are not simply acquired through position, seniority, pay scale, or the amount of titles an individual holds but is a characteristic acquired or is an innate trait for the fortunate few who possess it. Leadership can be misconstrued with management; a manager “manages” the daily operations of a company’s work while a leader envisions, influences, and empowers the individuals around them.
In the video, Gary Kelly displays several traits and actions on what it takes to be an effective leader. Leadership itself is the compilation of specific skills and traits. Some traits an effective leader has is a vision, communication, admit their mistakes, treatment of others, ability to delegate, and make their employees feel important (Daskal, 2016). In the short video about the Chief Executive Officer of Southwest Airlines, you can identify some of these traits. Taking the time to know the employee’s names that he will be interacting with will mean a lot to these employees. Who does not like to feel appreciated and recognized? In addition, by sitting in the back of the plane displays that the welfare of his customers is more important to him than his own comfort. This sets a good example for the company’s employees as well.
Success as business leaders come from a combination of context and characteristics. Most business leaders possess certain characteristics such as vision, perseverance and risk tolerance; but it was less of their possession of any specific set of characteristics, rather than the deployment of them in ways that capitalized on the context in which they found themselves that set these leaders apart. Business schools, such as Ted Rogers should aid students in the process of understanding and appreciating the contexts in which they will operate. In addition, they should help to refine and enhance an individual’s understanding of his or her own leadership potential. The biographies of great leaders suggest that some leaders may well have had natural talents that were apparent early in their lives, which they were in a sense born leaders. Equally, though, there were just as many who appeared to have learned to lead over time, from mentors, from experience and from education. This will affect Ryerson in the future as many people who graduate from the program may have all the academic tools with them but will not have any leadership skills which is just as important, if not more important in the business world
The selection of contemporary leader book was challenging at first, however after considering the attributes and qualities of different leadership styles Steve Jobs: Ten lessons in leadership written by Michael Essany was the best choice. This book discussed what can be learned as a leader and the lessons are relevant to my own leadership style. There is a direct relationship of the lessons and Steve Jobs’ leadership style identified including wait for nothing, fail big or don’t bother failing, limit your confidence to your field, there’s no substitute for passion, consider your legacy before you have one, and there’s always ‘one more thing’ (Essany, 2012). The lessons illustrated that Steve Jobs was progressive in his thinking and relentless to develop technological advancements that consumers could not live without. Therefore, Steve Jobs leadership style was influential and other entrepreneurs need to utilize these lessons in pursuit of similar success.
In his decades of business, one of the key characteristics that propelled Rockefeller to success was his strong leadership abilities. It wasn't his status, nor his age that made Rockefeller a great leader. Instead, it was his influence. People around him wanted to follow him; they were inspired by him to do more than they ever thought they were capable of. It was his ability to create a strong sense of teamwork and his own energy and passion that drove his workers and thus his company.
Leadership is the sum total of the individual, social interactions, and characteristics that are inherit in the exchange. The first step to understanding leadership is to acknowledge the different types of leadership styles. Prior to this course, it was my understanding that leadership was one unified category. At this point it is obvious that there are several aspects that are operating in a leadership. It is comprised of a specific style, traits, and the social context in which is occurs. In leadership, a person must identify various strengths and challenges to determine the best fit in a given situation (Eriksen, 2006). This self-analysis allows the leader to gain insight into personal and the perceived qualities of others. To obtain a
I’ll begin by discussing Victor Kiam. Victor was well known for his phrase, “I liked the shaver so much, I bought the company.” The company he bought was Remington Products in 1979. He was an entrepreneur who was more interested in helping a company acquire its first million dollars instead of all the millions that it raised thereafter (www.growingbusiness.co.uk). When Victor purchased Remington; he cut away layers of unnecessary management to save the company money. I believe that is due to his autocratic leadership style. “Autocratic leaders make decisions on their own without consulting employees” (Boone, Kurtz, 2011, pg. 269). This leadership style was evident when he bought Remington.
By means of theories and skills as part of the knowledge of leadership, this essay will talk about the three successful pioneers in modern management – Virgin’s Richard Branson , General Electric’s Jack Welch , and ABB’s Percy Barnevik . Later on, the essay would be discussing how transactional and transformational leadership do impact on managers and leaders in organisations. In the end, the topic on how leadership can motivate employees ensues, and a new mathematical approach as to employees’ work perform...
When it comes to leadership some people say that your either born with it or not. In today’s modern world if you’re not born with it you must learn to become one. For Facebook CEO Mark Zuckerberg it has been a challenge convincing the public that he has the leadership skill needed to run a multi-billion dollar company. Sceptics argue that the young entrepreneur does not have the experience necessary to run the company. In an article titled, “Facebook 's leadership: Time for an update?”, the author suggest that Mark Zuckerberg get a hold of an experience mentor. Some sceptics have even gone as far as to call him an idiot (Erik Sherman). The main reason people doubt his ability to run a multi-billion dollar company may be because his age. At the age of 23 Mark Zuckerberg was the youngest ever self-made billionaire. Nevertheless he has proven sceptics wrong by continuing to lead Facebook to success. In the following essay I will analyze and describe Mark Zuckerberg’s leadership style; in doing so, I will consider both the positive and the negative aspects of Zuckerberg’s
A quick look at inspirational motivation component in transformation leadership, the leader is considering “behave in the way that motivate and inspire those around them providing meaning and challenge to their followers’ work… Leaders get followers involved in envisioning attractive future states; they create clearly communicated expectations that followers want to meet and also demonstrate commitment to goals and shared vision” (6, transformational leadership introduction). Mark Zuckerberg is a perfect sample of this component. In the book “The Facebook effect”, David Kirkpatrick has a chance to talk to the young CEO of Facebook and this is what Mark Zuckerberg assure his vision of the company: “We’re a utility-We’re trying to increase the efficiency through which people can understand their world. We’re not trying to maximize the time spent on our site. We’re trying to help people have a good experience and get the maximum amount out of that time” (10, Kirkpatrick). This does not just show how Zuckerberg envisions his company as but it is also shown how Zuckerberg provide a meaningful
Because of this fact most organizations and entrepreneurs are paying close attention the the leaders they put in place to lead their company and its people into victory, which is the ultimate goal of their organizations. It is a well known fact that leadership is an important factor in an organization’s success, but the type of leadership style and as well as the leader 's personality is what really determines that level of success. In my research I have concluded that the most important leadership styles are transformational and transactional leadership. Transformational leadership has the potential to resurrect, transform and keep companies evolving with time. Transactional leadership although can have some negative effects on some, but if used properly, can promote compliance almost a stagnant team through both rewards and punishments. When companies are pursuing leaders, they not only look at their candidates experiences knowledge of a particular sector of that business, but they pay close attention to the personalities of these individual. They do so because they know that one’s leadership style and abilities is heavily affected by the candidates own personality and views. As a result of this thinking, it has lead all authors involved in both research paper and article “Relationship Between Leaders Personality Types and Source of Power and leadership Styles Among Managers” and “