To write Good to Great, 1, companies were analyzed over a 40 year period. The aim of this analysis was to find companies that had been good for a long time but had then transformed into great companies. Specifically, he was looking for a sustained period of greatness. From the 1, companies, just eleven were found that had gone from good to great.
Throughout his long history of running businesses, the Virgin Group founder has been a well-respected employer - someone who has created thousands of jobs for talented people around the world.
Sir Richard Branson has always played an active role in the selection of who joins his business, recognising the importance of having the right people at the helm.
Despite their differences, both have experienced great success with their own philosophy and approach. An eye for talent Sir Richard Branson believes it is important that business leaders have an eye for talent, and an ability to get the most out of their employees.
Nobody can be successful alone and you cannot be a great leader without great people to lead. How to recruit the ideal employee 3. His philosophy is "personality before CV" — ensuring people who want to work at senior level have the soft skills required to unite and direct staff as well as strong leadership skills.
People really need to feel wanted. How to delegate to boost productivity 5. Willingness to listen and learn According to the Virgin founder, it is vital that business leaders are able and willing to listen and learn. This is because nobody - no matter how senior they are, or how impressive their CV - has a monopoly on good ideas or good advice.
Speaking to Forbes, he claimed that learning and leadership skills go hand in hand. A hands-on approach Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible.
Make decisions and move on from mistakes Business leaders need to be collaborative, in order to get their most out of their people, but they must also know when to make a firm, final decision. Sir Richard said it is vital to know your own mind, and "walk the walk, as well as talk the talk".
Sir Richard Branson suggested that the key is to strike a balance between empowering staff and setting an example to follow.
You have to get into the right frame of mind in order to perform your best, and need to be able to put setbacks behind you instantly. Attention to detail Sir Richard Branson thinks effective leaders pay close attention to detail.
Sir Richard Branson told the Daily Telegraph it is possible to have "a lot of fun with relatively tiny issues", whether this involves dealing personally with customer complaints or paying a surprise visit to front-line staff. Passion for the job Ultimately, business leaders need to be passionate about what they do — making strategic decisions, building team and motivating employees to give their all.
To be a successful business leader and climb the higher rungs of your career ladder, your ability to lead a project, lead a team, lead a department and inspire a business will need to improve.
This article was originally posted in January and has been updated to reflect more current information.Richard Branson has faced an immense amount of challenges along the way and has applied these 21 strategies to carry all of his Successful businesses through thick and thin.
Read on to find the Top 21 of Richard Branson’s Small Business Strategies for running a Successful business.
Sir Richard Branson Founder, Virgin Group Conceived in by Sir Richard Branson, the Virgin Group has gone on to grow successful businesses in sectors including mobile telephony, travel and transportation, financial services, leisure and entertainment and health and wellness.
Transcript of Virgin Atlantic Management Style. Size Conclusion References Leadership and Management Style as it has been set and widely promoted by the founder Richard Branson Leadership and Management Style How does the Management Effect the .
Whether he’s showing up to a press event dressed as revolutionary Che Guevara or kite surfing across the English Channel, Virgin Group chairman Richard Branson seems to really enjoy his life. Richard Branson owes his fortune to a conglomerate of businesses bearing the "Virgin" brand name, including Virgin Galactic and Virgin Atlantic.
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Leadership Paper: Richard Branson Richard Branson has been practically a household name in the U.K. for the past 20 years and is also well respected in the business world. He is the founder of the Virgin Group, known for record labels, cellular phones, airlines, and many other business ventures.