Branson was born in Surrey, England in 1950. Both his father and mother were working class people; (father was a barrister while his mother was a flight attendant). He struggled with dyslexia at a young age which was a hindrance for his education. (Biography Online, 2014)
He attended Scaittliffe School but due to his illness, he nearly failed all his classes. When he was 13 years old, he transferred to a boarding school in Stowe. Due to his difficulties, Richard dropped out three years later. This was the phase in Richard’s life that he discovered his entrepreneurial skills as he started a magazine for mostly youth; Student in 1966 which was run by students for students and sold a lot during the first years. (Biography.com, 2014)
Around 1969,
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(Business Day Live, 2014). He was constantly interested in new challenges which in turn changed his reaction towards different and difficult situations such as when he started signing artists into Virgin records; he had no idea whether the artists songs will make profit or top the charts, he took a chance and risk which eventually led to his success.
Furthermore, Branson possessed great sales, negotiation and leadership skills. Despite having dyslexia, he turned this weakness into strength; as he dropped out of school and created the magazine Student, which was the start of greater things ahead. He used his negotiation skills to collaborate with Scaled Composites to build a spaceship and sales skills to sell those magazines in the 1960’s. (Entrepreneur, 2014)
Another strength advantage includes the strategy with which Branson operated called the “branded venture capital”. He opened a variety of chain businesses with very little revenue with this approach. (Entrepreneur, 2014). The catalyst was utilising the Virgin name; he gave different investors/businesses the name in replacement for interest in the business. Due to this venture he now owns and holds companies like Virgin Radio, virgin Hotel, Virgin Cola and others. (Entrepreneur,
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This is evident when he opened Virgin Records due to the postal strike of the mail order music business. (Biography Online, 2014). He also lost some of his artists like Oldfield and major revenue but he never gave up; he signed Sex Pistols which also brought success to his business. (Biography.com, 2014). He is also being considered as an amazing manager and leader as he takes good care of his employees and customers as he also imparts his knowledge on his employees. Despite the competitive grounds in the industry, he still succeeded in surviving and holding his grounds. Regrettably, Branson made some unethical choices in his life such as his continuation of operating Virgin records despite the fact that the store was undergoing cash flow problems due to fewer sales and to evade excise tax on sales. (Solutions,
In the fall of 1971, Stephen began teaching high school English classes at Hampden Academy, the public high school in Hampden, Maine.
During his lifetime he was known as the wealthier self-made man in the world. Howard Hughes’ riches directly and indirectly helped America’s economy flourish for many decades. For one, Hollywood films accounts for a portion of U.S goods and service revenues. Also, he created many job opportunities for men who could not seek job during the depression and beyond. Two, Hughes was known for spending excessively thought-out his life and more so towards he later adulthood. He purchased an entire Nevada hotel, after refusing to leave when asked. He became Navada’s biggest landlord. Hughes went on a one hundred million dollar buying spree; he bought casinos, local airport, and a television station. All of which helped expand America’s economy. Also,
...cott went on to graduate and learned in his own way what an education in entrepreneurship should include. First you should always make yourself valuable, learn different skills that will make you useful in multiple ways. Then, you should always take risks, even if you’re failing most of the time, in every try you learn something new. Third, is finding the action, move and find what you’re looking for. Attack luck, you aren’t always lucky, but the more you look for it the more you’ll find it. One of the most important things is to conquer your fears, step out of you comfort zone. To write simply so any audience can relate to it is very useful for and entrepreneur. And last but not least, to learn persuasion in all its forms. Although, Scott’s college professors taught him a lot about being an entrepreneur, he values highly everything he learned from his experiences.
Change is inevitable and many times the smallest decisions can change your life forever. From how we mobilize to what we listen to. Henry Ford and Michael Jackson both revolutionized our era to create what we have today. Henry Ford did not invent a car, but he made it a utility everyone could and wanted to use, eventually leading to the modernized world we live in today, As well as Henry Ford, Michael Jackson changed our world. He is known worldwide as the king of pop and also known for the impact he had in the music industry. Although Michael Jackson mainly impacted our music he also changed out music videos, dance, fashion and the music industry itself. Even though both these men had tremendous success in their lives, both also faced
could never be as successful as his past. He did know that his work would have
James Mercer “Langston” Hughes was born on February 1st, 1902, in Joplin Missouri. He was the second child to his mother, Carrie Mercer Langston, and his father, James Nathaniel Hughes. Both of his parents were free African Americans who worked primarily as school teachers along with a variety of other jobs. His Father left the family to go to Cuba when Langston was a young child to escape the racism that he ...
... to his own music, but the music he made was so groundbreaking that he is still widely listened to today, and his beliefs and techniques still live on in the work of others.
We will look into the life of James Brown. He is known for his music. In his life, he had to face many obstacles, but through determination, he changed his life cycle. We will touch on the influences in his life, developmental stage and theories that best fit his personality.
Resources are being classified into tangible and intangibles assets as the followings: *Resources of *Virgin Group Tangible Resources Intangible Resources Capabilities of Virgin Group are established by the integrated resources that assisted it to stay competitive and to outdo its competitors. Valuable capabilities will aid Virgin Group to effectively tap and explore spotted opportunities as well as to minimize threats in the external environment. Should capabilities are consistently and effectively utilized, they will turn significant and be difficult to be imitated or substituted. With the resources discussed above, 3 capabilities of Virgin Group are identified as follows: - *Capabilities 1: Unique C*ulture of *"Making difference and creating uniqueness"* (*Contributed Resources: *Financial, Organizational, Human, Innovation*, Technological*) Creativity, Innovation are the foundations to Virgin and Richard Branson’s success! Technology push is the spine for innovation and likely to simulate process innovation in how service is provided when looking into Virgin. Technology is more likely to simulate process innovation. Every turn and businesses Branson venture has been with some kind of innovation or creativity element if not something unique, something that has not been seen or heard of before in the relevant market. Virgin Group has achieved a competitive advantage among its competitors by uniformly followed its culture in all business in serving good value and service to the customers in different ways. The basic and the core competence of all Virgin Group's business ventures are to do things just a little bit differently from the rest. And also they always tried to add value by adding a little fun to the business. By differentiating in strategy itself to fit of the activities and the ways of doing business have also differentiated itself from the rivals and make it difficult to imitate Virgin’s strategy. Hence, they have established their business to an untouchable position. How would you characterize the corporate strategy of Branson's Virgin Group? The answer to that question will not be so different from the ones above. However to better understanding we can characterize the corporate strategy of Virgin Group as "Making difference and creating uniqueness" in any kind of customers' service. They are not stuck to any business field so that makes them flexible of thinking and creating new ideas for their customers and the whole consumers around the world who need (or will need) Virgin's service.
saw the future demands of the computer industry. He was able to build a personal
went on to high school at Central High in Louisville Kentucky. Though devoted fully to
Nonetheless, his charismatic leadership style didn’t mean he avoided working towards the vision. He didn’t hesitate to cut costs, even if it meant laying off employees, because his ultimate vision was about creating a valuable and respectful business. He wanted to create an organisation that would beat its rivals and in order to do this, he had to weed out mediocrity from his company. While this meant certain people had to go, it also improved the company’s communication, its development and ultimately its bottom
The entrepreneur is defined differently across many platforms they all share some commonality (Davison, 2008). This commonality consists of certain traits such as risk taking, innovative thinking, and an opportunity-seeking mindset to create, improve or expand a business (Davison, 2008). The entrepreneur functions as a promoter to the generation of wealth (Davison, 2008). The entrepreneur is important for the movement of the market and constant challenge to the status quo, indirectly improving all related business involved.