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Richard Branson leadership style

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a short details of sir Richard Branson

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Richard Branson leadership style

  1. 1. Presentation on Leadership style of Richard Branson Submitted to : SLIBM Prof. Twinkle Trivedi Submitted by: Group No. 7 Group members name Roll No. Parimal Patel 20 Aakash Modha 03 Naman Patel 19 Lohesh Patel 18 Chintan Rathod 30 Vicky Nagar 11
  2. 2. Richard BransonFounder of virgin group “The time to go into a new business is when it’s badly run by others.” - Sir Richard Branson “An Unconventional Leadership Style” 2
  3. 3. What is Leadership??  Management is doing things right; Leadership is doing the right things… - Peter F. Drucker  Leadership is the art of getting someone else to do something you want done because he wants to do it… - Dwight Eisenhower 3
  4. 4. Introduction  Sir Richard Charles Nicholas Branson  Born on 18th July 1950 in Blackheath, London.  He is an English business magnate and investor.  Founder & CEO of Virgin Group which contains around 300 companies of cost over $ 25 billion and total 55,000 employees. 4
  5. 5. How he began from bottom to top  At the age of16, dropped out from school and moved to London and launch “Student Magazine”, which did relatively more success.  At the age of 19, founded the “Virgin mail order record company”. Success In selling mail order records, opening of a record shop then launched own record label i.e. Virgin Records. 5 1980s  Virgin Record goes international.  Virgin Atlantic Airways and Virgin cargo are launched.  launched Virgin Airship & Balloon Company. 1990s  Virgin Megastore arrives in Japan.  Virgin Publishing(Virgin Books) is formed.  Virgin Express –an European low cost train –is launched in Brussels.  Virgin Mobile launches Virgin’s first Telecom Ventures. 2000s  Virgin launches Virgin Blue.  Virgin launches Virgin Galactic.  Virgin launches Virgin Health Bank.  Virgin becomes the first commercial airline to fly a 747 on bio fuel as we demonstrated it in flight.
  6. 6. Virgin group Around 300 companies in over 30 countries…6
  7. 7. Virgin group continue…  Top companies of virgin group  Virgin Records(Sold)  Virgin Atlantic Airways(USA)  Virgin Mobile(India)  Virgin Media(UK)  Virgin Blue(Australia)  Virgin galactic 7
  8. 8. Characteristics  Ability to connect people  Innovative approaches to the business  Love the challenges and always disengage difficulties  Believes in practical knowledge, “Almost everything I’ve learned, I’ve learned by doing.”  Ability to energize the ambitions of others.  A great strategy maker.  Believes in Employee empowerment.  Not a conventional business man. 8
  9. 9. Business philosophy  Fun is at the core of how I like to do business.  Fun is the secret of Virgin’s success.  Business is not a recipe which could be imitated.  The more you’re actively and practically engaged, the more successful you will feel.  You don’t learn to walk by following rules. You learn by doing, and by falling over.  Business opportunities are like buses, there’s always another one coming. 9
  10. 10. Tips for business  Branson said that he did not run his businesses by strategies. Instead, he keeps a “to do” list, that he writes at the beginning of each day.  Size dose matter : you need to challenge and compete with big brands to become big yourself.  Haggle : everything is negotiable.  Take it easy, mix fun with work.  Mingle like a common man, go ahead like a bullet.  Be camera friendly. 10
  11. 11. What do we learn from Sir Richard Be different Innovation is the key to success Take the leap of faith Keep on checking Stay true to your values 11
  12. 12. Personal life  Branson is also known for his personal adventures…  In 1986, smashed the world record for the fastest crossing of the Atlantic by using Virgin Atlantic Challenger.  In 1987/1991, crossed the Atlantic ocean in the Virgin Atlantic Flyer, which was the first and largest hot air balloon.  In 2004, set a record by crossing the English channel between Britain and France on an amphibious vessel. 12
  13. 13. Awards & Achievements  In 1993, Mr Branson was awarded an honorary degree of Doctor of Technology from Loughborough University.  In 2000, Branson received the Tony Jannus Award for his accomplishments in commercial air transportation.  In 2007's Time Magazine ranked his as a Top 100 Most Influential People in the World.  In 2014, Branson received the 2014 Business for Peace Award. 13
  14. 14. Some stuff you probably didn’t know about Virgin…  Virgin Media: Their cables laid end to end would reach moon!!  Virgin Cosmetics: Top seller sold in 1 year enough lipsticks to 1 circle the earth!!  Virgin trains: 1st European rail operator to use bio-diesel that reducing Carbon Dioxide emissions by 14%!!  Virgin Atlantic: Since their inception in 1984, they have served over 110 millions meals on-board!! 14
  15. 15. Where do you put Sir Branson in B & M’s Grid?? 15
  16. 16. Would you classify Richard Branson as a manager or a leader? 16
  17. 17. Any Question??17