Leadership Style and Characteristics of Richard Branson Assignment - 1

Leadership Style and Characteristics of Richard Branson - Assignment Example The music company made him numerous profits in 1973 and has led to the subsequent creation of the other facets of Virgin, including, radio, banking, healthcare, film, internet, commercial spacecraft, electronics, jewelry, mobile phones, music, radio, and retail, among others. The success of the Virgin group is attributed greatly to the personal qualities and leadership style of Richard Branson. This paper elaborates on the leadership style of the entrepreneur that makes his business flourish, having over fifty thousand employees at the moment. For the success of any business, discipline, and style of leadership of the manager is important. Richard Branson is a participative leader. He says that what leadership boils down to is people, whatever the style, technique, you need to trust in yourself (Branson, 2012). He adds that nobody can be prosperous alone, and that one cannot be a good leader without great people to lead. From the statement, it is clear and correct to say that he is t he kind of leader that involves people, and also himself, to ensure the success of Virgin group. In addition, the entrepreneur believes in the delegation. â€Å"I have continuously found in the art of delegation, finding the best people for Virgin, and giving them the freedom and encouragement to flourish, â€Å"he articulates (Dearlove, 2007). He allows people to do some work for him. In fact, when he started Virgin records, he even took a step back, just to let people do it for him. He believes in his staff and needs not be scared on underperformance â€Å"when I set up Virgin Records, I even decided to isolate myself physically from the company, by moving into a boathouse,† he explains (Branson & Overdrive, 2014). Apparently, the entrepreneur possesses an attitude that is unconventional and informal. Due to this, he has managed to gain fame all over the world. Through his leadership style, he turns every failure into success, by creating a campaign out of it.