Leadership and Decision Making: A Case Study of Richard Branson
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Added on Β 2023/06/11
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This presentation focuses on the leadership and decision-making skills of Richard Branson, the owner of Virgin Group. It discusses the important decisions made by him, his approach towards dealing with managers and employees, and his methods for finding employees for the organization.
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Organisational Behaviour
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Introduction οLeadership aspect is considered as an important aspect for an organisation as it motivates the employees of the organisation towards improved performance. οAn effective leader is responsible for increasing the overall efficiency of the organisation and to help the organisation in accomplishing its organisational goals. οThe focus of the presentation is on a successful leader, Richard Branson, who is the owner of Virgin Group.
Important Decisions Made by the Leader οRichard Branson is a successful leader of Virgin Group, who has taken many important decisions. οFirst decision was to leave school at the age of 16 and launch his business student magazine. οSecond decision was to launch Virgin record studio in the year 1971. οLastly, Richard launched Virgin Airlines in the year 1985, which is the major decision taken by the leader for the success of Virgin Group.
Dealing with Managers and Employees οRichard Branson deals with his employees equally and treats them as family member. He also communicates with the employees and guides them towards performance improvement. οAnother method is rewarding the employees on the basis of their performance and motivating them.
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Sources/area for Leader to Find Employees for Organisation οDue to expansion of business into many areas, Richard Branson requires leaders in the organisation that can help in motivating the employees. οRichard Branson directly involves into recruitment process, for which he analyses the personality of an individual, in order to identify leadership traits.
Conclusion οLeadership helps an organisation to motivate its employees towards improved performance. οRichard Branson took many important decisions that helped him in succeeding. οThe major aspects focused by Richard includes communication, motivation and providing rewards to the employees.
References οBranson, R. 2014a.The Virgin Way: How to Listen, Learn, Laugh and Lead. Random House. οBranson, R. 2014b.The Virgin Way: Everything I Know About Leadership. Penguin Publishing Group. οDearlove, D. 2007.Business the Richard Branson Way: 10 Secrets of the World's Greatest Brand Builder. New Jersey: John Wiley & Sons. οO'Neill, A. 2011.Manager to Leader: Skills and Insights for a Successful Transition. CCH Australia Limited. οPardey, D. 2016.Introducing Leadership. London: Routledge.