Tennis like business moves so quickly that if you dwell on the past for even a

Tennis like business moves so quickly that if you

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separately," said Branson. "Tennis, like business, moves so quickly that if you dwell on the past for even a few minutes, an opportunity will have passed, and the moment will be lost. You have to get into the right frame of mind to perform your best and need to be able to put setbacks behind you instantly.” It is critical to move on from the last mistake and focus on the next challenge. Business knowledge - Ultimately, business leaders need to be passionate about what they do making strategic decisions, building team, and motivating employees to give their all. "You are far more likely to be inspired and have great ideas if you love what you do and can instil that spirit of fun throughout your company," Sir Richard claimed. "Finding gaps in the market and creating products that make a real difference to people’s lives, can only be accomplished if you have passion for what you are doing
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4 The types of leadership approach Another thing that makes Branson a fantastic leader and inspiration is that he has strong contingency and situational leadership skills, as well. He is always proactively looking for opportunities and takes every chance he gets to create a new company that is viable. Branson has also mastered the art of controlling situations and using techniques that will fit the situation and the context. What is more, he constantly proves that he could implement changes immediately. Branson is also a transformational leader. He can adapt easily to change in organizational cultures. This is evidenced by the fact that he has bought new firms and transferred to new locations with his staff. What makes Branson a transformational leader is that he can rise in times of distress and major changes. This kind of leadership also reflects social values. And since Richard’s company Virgin is a focused -on growth and adaptability to change, the transformational leadership style works best. The relations orientation involves things such as showing empathy for concerns and feelings, being supportive of needs, showing trust, demonstrating appreciation, establishing trusting relationships and allowing subordinates to participate in decision making. This is clearly shown by Branson. He is a leader who puts his employees’ interest first. This is because he believes that this not only inspires them, but also motivates them to work harder and feel at home as members of the Virgin household. Branson maintains a healthy leader- member relationship with all his people. He treats his employees as equals, like family and with respect. In fact, he goes out of his way to give invitations to his junior members for parties in his own home. The business tycoon also welcomes feedback and suggestions from his employees. Plus, he gave his staff the freedom to be creative. His organization has no established procedures on how things should be done and works on flat and non-hierarchical structure. Instead, it is made of clusters. His staff are given freedom to work without much interference from superiors. With all this in mind, Branson’s leadership style is more
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  • Spring '16
  • Richard Charles Nicholas Branson

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