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Copy of Virgin Group
Transcript of Copy of Virgin Group
Global Leader in 2010 – Planes, Trains, Resorts, and Space Travel “Above all, you want to create something you're proud of. This has always been my philosophy of business. I can honestly say that I have never gone into any business purely to make money. If that is the sole motive, then I believe you are better off not doing it.”
-Sir Richard Branson Overview Intro to the Virgin Group & Sir Richard Branson
Future prospects for Virgin Group
Commitment to renewable energy sources development
Discussion/Q&A BUS 854 Week 7
Yiran Chentao 41650654
Hei Man Chan 41549805
Melissa Wilson 42530415
Vita Spranginaite 42977614 Tuesday class 6-9pm E5A 110
September 11th, 2012 Virgin group introduction Melissa Melissa The Virgin Group was founded in 1970
$21 billion in revenue in 2011
Over 200 companies in 34 countries, employing over 50,000 people
Mobile/telecommunications, travel Earth & space, holidays , financial services, music and health & wellness Melissa Melissa “My biggest motivation? Just to keep challenging myself.
I see life almost like one long university education that I never had – every day I’m learning something new.”
-Sir Richard Branson -Realizes greatest asset is the people of Virgin Group
-Create something you can all be proud of together
-Inspire with enthusiasm
-Look for the best in people
-never criticise or lose your temper -A flower needs watering
-Invite participation at all levels
-We’re a family – there’s a job for everyone
-loyalty Melissa Melissa Melissa Theory: Maslow’s Hierarchy of Needs Branson’s Motivational Skills Hayley ‘I believe in myself. I believe in the hands that work, in the brains that think, and in the hearts that love’
-Sir Richard Branson Hayley Richard Branson’s Leadership Style An unique leadership style
Affected by his personality and traits
Trustworthy, encouraging, convincing, organizing
Strong contingency and situational leadership skills
Keep looking for new business opportunities
e.g. Virgin Galactic
e.g. joint ventures with established companies Definition
A leader pursues the synergistic interests of both employees and the organization
“People are our greatest asset”
Trust & Autonomy
Non- hierarchical business structure
Fun working environment
Adapt quickly in changing situation Transformational leadership Hayley Hayley Transformational leadership Hayley Charismatic leadership
Visionary and Inspirable
Strong personal connection with followers
The individual personality of Branson can be found throughout the Virgin empire E.g. Gave his personal phone number to his employees and encouraged to make suggestions and raise ideas for improvements directly Future prospects for Virgin Group Vita Vita "Having a personality of caring about people is important. You can’t be a
good leader unless you generally like people. That is how you bring out the best in them"
- Sir Richard Branson "Business opportunities are like buses, there's always another one coming"
- Sir Richard Branson Vita “To be successful, you have to be out there, you have to hit the ground running, and if you have a good team around you and more than a fair share of luck, you might make something happen. But you certainly can’t guarantee it just by following someone else’s formula.”
- Sir Richard Branson Vita Visionary Walking billboard Vita Eason Virgin Green Fund The pledge of Sir Richard Renewable energy and Energy Efficiency
Metrolight, Wildcat, GreenRoad The pledge of Sir Richard-cont. Resource management
Seven Seas Water, Quench, and DuraTherm The pledge of Sir Richard-cont. Eason Eason Eason Thank you for your attention! It's time for Q&A