The assignment analyzes the leadership deficit in Virgin Group and identifies the need for delegative leadership to bridge the gap between current skills and future requirements. It outlines the most critical skills required in the future and provides strategies for developing these skills within the organization.
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 TASK...............................................................................................................................................1 GAP Analysis on Applying Delegative Leadership in Virgin Group....................................1 CONCLUSION................................................................................................................................5 REFERNCES...................................................................................................................................6
INTRODUCTION Leadership refers to a quality of an individual to influence and motivate people to accomplish something that they wont do it otherwise. In the present report, delegation leadership is stated which is used in Virgin groupto promote higher growth rate of while improving quality. According to Richard Branson, “The delegative leadership style allows him in finding out the best talent that exists within company”. He states that every entrepreneur must master all the delegation skills so that he can make people accountable and more responsible (Faraci, Lock and Wheeler, 2013). TASK GAP Analysis on Applying Delegative Leadership in Virgin Group Delegativeleadership is known to be a style where leaders let their team mates take all decisions and focus on efforts ensuring that they complete the tasks properly (MALOŞ, 2012). This is commonly known to be Laissez faire form of leadership. Gap analysis will allow in enriching this research and finding out variances that exist in the activities due to delegative leadership style adopted by its founders. IDENTIFYING THE NEED According to Jean Brittain Leslie, who is a principal at Centre for Creative leadership, there are 20 competencies that have to be there in a leader to be effective (Jean Brittain Leslie, 2015). This research was supported by Sir Richard Branson and other entrepreneurs as they wanted to know about the future trends. Following graph states about the existing capabilities against future requirements. 1
(Source:Jean Brittain Leslie, 2015) As stated in the graph, out of these 20 competencies, there are 10 skills which are most criticalandwillprovetobehighlyeffectiveinthefuture(Asgari,2014).Thisallows entrepreneurs in preparing their workforce according to the future requirements. They are stated as below in the table: 2 Illustration1: Identifying needs
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(Source:Jean Brittain Leslie, 2015) These are the qualities that have to be present in managers in next five years. With delegative leadership, company will be able to make managers and other employees more accountable for their own performance while the top management will keep on analysing impact that each one of them are able to make. THE CURRENT LEADERSHIP DEFICIT In Virgin group, there is certain amount of deficit present against the requirement of future and this has to be fulfilled so that better efficiency and effectiveness can be achieved (Belias and Koustelios, 2014). There is the need of 20 competencies to be in an effective leader. there is a analysis of future requirementsagainst current skills are measured which are stated in the graph below: 3 Illustration2: Future Requirements VS Current Capabilities
(Source: Jean Brittain Leslie, 2015) As shown in the image, it can be seen where competencies of individuals stand against the requirement of future. This has to be corrected by company and management. Delegative leadership will allow them in ensuring that each task is completed in a certain manner and people are made responsible for their own performance (Furtner, Baldegger and Rauthmann, 2013). Basically, the management will be easily able to identify leaders from within company. The image shown below will help in understanding the needs vs current skills level in more convenient way. 4 Illustration3: Present variances in leadership
(Source:Jean Brittain Leslie, 2015) There are different ways in which managers can focus on developing the required qualities in people. They can be given with training, change management classes, guidance, real time experience and constant feedback from experts to improve (Faraci, Lock and Wheeler, 2013). Delegative leadership style will assist in improving the identified gaps in a more convenient manner. CONCLUSION It can be concluded from the report that leadership is a quality that allows an individual in influencing his surroundings in a way that they all are able to achieve their goals effectively. It includes guidance, motivation and determination. Also, gap analysis has been used to assess the requirement of future and variance that exist in present. Thiswill assist Virgin group in preparing a future ready workforce. 5 Illustration4: Most critical skills required in future
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REFERNCES Books and Journals Faraci, P., Lock, M. and Wheeler, R., 2013. Assessing leadership decision-making styles: psychometric properties of the leadership Judgement indicator.Psychology research and behavior management.6.p.117. MALOŞ,R.,2012.LEADERSHIPSTYLES.AnnalsofEftimieMurguUniversityResita, Fascicle II, Economic Studies. Asgari, M. R., 2014. The effect of leadership styles on employees commitment to services quality in bank melli branches of isfahan.Kuwait Chapter of Arabian Journal of Business and Management Review.3(12). pp.113-129. Belias, D. and Koustelios, A., 2014. Leadership and job satisfaction–A review.European Scientific Journal. ESJ.10(8). Furtner, M. R., Baldegger, U. and Rauthmann, J. F., 2013. Leading yourself and leading others: Linkingself-leadershiptotransformational,transactional,andlaissez-faire leadership.European Journal of Work and Organizational Psychology.22(4). pp.436- 449. Online JeanBrittainLeslie.,2015.TheleadershipGap.[Online].Availablethrough: <https://www.ccl.org/wp-content/uploads/2015/09/Leadership-Gap-What-You- Need.pdf>. [Accessed on 5thOctober 2017]. 6