Preview

Virgin Corporate Strategy Case Study

Powerful Essays
Open Document
Open Document
4013 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Virgin Corporate Strategy Case Study
Leadership
This case study provides an opportunity to explore the person-organisation (fit with the culture of the organisation) interface (the place, situation, or way in which two things or people act together or affect each other or the point of connection between things). From a developmental point of view, it examines the making of an entrepreneur. The case also allows for an exploration of the vicissitudes (unexpected changes, especially in somebody's fortunes) of leadership. It looks at effective leadership in the context of a high performance organisation and, finally, incites discussion about planning for the future of an entrepreneurial organisation, in particular using a brand to enter new, unrelated markets.
Leading by Design
Identifying and optimizing leadership capabilities
Issues: Transformational activities cannot occur without a dynamic and focused leadership. A number of distinct but complementary capabilities are needed to be an effective breakout leader. These are positive, negative, conceptual, creative and relational capabilities. It is rare that any one person possesses all five capabilities. What is important therefore is that a top leadership team successfully combines all five capabilities and deploys then in the formulation and implementation of strategy. In this way they can ensure that their companies rapidly and decisively breakout of their industry context to establish fast track business growth.
The House that Branson Built: Virgin’s Entry into the New Millennium
Briefly identify the key components of Virgin’s corporate strategy. What made Virgin so successful and a breakout company? How would you describe Branson’s leadership style and philosophy?
Could Virgin have succeeded without Richard Branson’s unique entrepreneurial flare and leadership capabilities?
---------------------------------------------------
DP: Big companies like Kodak and Polaroid face very unique problems in that their entire business models

You May Also Find These Documents Helpful

  • Good Essays

    Corporate Strategy

    • 3375 Words
    • 14 Pages

    28. A taxpayer is considering three alternative investments of $10,000. Assume the taxpayer is in the 28% marginal tax bracket for ordinary income and 15% for qualifying capital gains and dividends in all tax years. The selected investment will be liquidated at the end of five years. The alternatives are:…

    • 3375 Words
    • 14 Pages
    Good Essays
  • Good Essays

    mkt week 6

    • 399 Words
    • 2 Pages

    1. Do you agree with Virgin 's market diversification strategy? If so, what other markets should they pursue? If you disagree, what should be their business focus?…

    • 399 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Intuitive Surgical

    • 1099 Words
    • 5 Pages

    References: Doyle, M., & Smith, M. (2001). Classical models if managerial leadership; traits, behavioral, contingency of transformational theory. Dyer, J., Gregersen, H., & Christensen, C.M. (2011). The Innovator 's DNA: mastering the five skills of disruptive innovators. Boston, MA: Harvard Business Review Press Hitt, M. A., Haynes, K. T., & Serpa, R. (2010). Strategic Leadership for the 21st century. Hoffman A. (2012). Intuitive Surgical Inc.: How Long Can Their Monopoly Last.…

    • 1099 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Decades of research on effective leadership in the workplace leaves one to believe that the core concept between leading and managing is still uncertain in the social context of leadership. However, “the managerial function involves such things as implementing processes, allocating resources, monitoring results, and overseeing day-to-day operations, while the leadership function involves envisioning new directions, generating strategic change, and inspiring people to accept and act upon a corporate mission” (Daniel, 2009, pg. 525). Human relations are important when implementing competitive strategies. Good leaders provides a mission and a visional goal that requires research skills and knowledge as an aid to assist with implementing innovative processes that will allow effective and positive outcomes for the success of an organization. Therefore, there are situational variable, and leadership processes that considers strategic leadership according to theories that back-up such processes. For example, The Flexible Leadership Theory (FLT) provides and formulates ideas provided from earlier research literature in terms of effective organization performance aspects. “Flexible leadership is vital to organizational adaptability and performance, and it is important to measure flexibility to identify leadership potential and to guide the development of managers” (Kaiser,…

    • 1663 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Upon evaluation of the 'Leading the people' skill area; human resources leadership skill, relationship management and influencing behavior, diversity, shared decision making are all strengths of this writer (AACN, 2008 ). A self reflection of the 'creating the leader in you' area revealed, personal and professional accountability, career planning, personal journey disciplines and reflective practice reference behaviors/tenants are strengths of this author as well (AACN, 2008 ). In short this author is really strong in the 'Art of Leading people' and developing the ' Leader Within' aspects. This leader needs considerable improvement in the 'Managing Business' aspect, especially financial management and technology (AACN, 2008 ).…

    • 1197 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Highly effective leaders plan or create strategies to transform their organizations. They have a vision and passion to create opportunities and lead their teams up mountains to achieve higher success. Mac Shane & Gilnow (page 417) define four elements of transformational leadership as:…

    • 3389 Words
    • 14 Pages
    Better Essays
  • Good Essays

    A Dolphin's Nightmare

    • 1448 Words
    • 4 Pages

    The makers of The Cove effectively use ethos, logos, and pathos, as a call to action to end the annual slaughter of twenty thousand dolphins in Taiji, Japan. Though faced with many challenges due to the perverse Japanese government the filmmakers were able to portray the nightmare these dolphins endure. Through the use of ethos, Ric O’Barry, Louie Psihoyos, and the Oceanic Preservation Society put together a brilliant film that shows the world the horrors that take place in this small town. The use of logos captures the loss of innocent lives exclusively for human amusement. Psihoyos also plays on pathos as a way to show the tranquil nature these creatures normally obtain in the wild but lack when put into captivity.…

    • 1448 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    To survive in progressively more competitive markets, companies have to attract and maintain excellent leaders to guide their companies in attaining objectives. Innovation and creativity lead managers to develop into powerful leaders, bringing…

    • 1847 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    The main points of the article Lessons Learned form Extraordinary Leaders the author stress’s the importance of what it takes to be a true leader. This does not mean a manager although employers would love to have all their managers as leaders but unfortunately this does not always happen. A manager is designated by an employer to make sure things are to run smooth, and are not always the visionaries the company hoped they would be. A leader on the other hand, is a visionary that uses there vision to exceed and bring forth the full potential of their employees, and company. They are strategic thinkers asking questions of what there strength and weakness. They question on how they can use these strengths to improve weaknesses and if possible build upon what they are already good at. Leaders use strategic thinking to formulate and implement their mission, vision, and goals. They also build Consensus, meaning they “question the status quo. They challenge their own and others’ assumptions and encourage divergent points of view. ("Strategic Leadership: The Essential Skills") Leaders do not rush they take there time to implement their plans at the perfect, precise moment. The ability to execute impeccably helps make there visions successful.…

    • 708 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Effective leadership requires development of characteristics and strategies, combined with empowerment to achieve desired goals. According to Manning and Curtis (2012), effective leaders are not born, but cultivated through hard work (p. 354). Development within a work setting is seen in efforts used to improve the employee’s facility to handle a variety of assignments. Cultivating the capabilities of employees beyond what is required in their current positions is another example of development.…

    • 695 Words
    • 3 Pages
    Good Essays
  • Better Essays

    An effective leader must have a plan for success. This includes a personal plan of growth as well as a professional plan for improvement. This paper will attempt to highlight my personal strengths and weaknesses as leader, identify the areas needed for improvement, and identify the leadership skills and practices that I will use to become an effective leader. This paper will also give an outline of the goals that I consider a priority and a timeline for this development. The overall result will be an inclusive leadership plan of development that I will use to grow myself as well as any organization that I work for in the future.…

    • 2863 Words
    • 8 Pages
    Better Essays
  • Best Essays

    Today, with globalization, ecological changes, diversity, consolidations and the constant rise of new technologies; change and adaptation to new systems demand more that ever new goals, new standards, and most of all, new proactive and visionary leadership that can meet the challenges of the multidimensional complexity of modern organizations. Today we need learning organizations and new leadership. By definition, leadership means being ahead of the rest, and as such, it is visionary, forward-thinking and targeted to proactive strategies (Bennis, 1989).…

    • 2314 Words
    • 10 Pages
    Best Essays
  • Good Essays

    The appropriate leadership style to use is dependent on the changing climate of the organisation i.e. in a dynamic work environment, charismatic leadership is the preferred style for effective outcomes. Creative and innovative work is demanding, resource intensive and requiring a high level of persuasion. The tasks developed in this kind of work are uncertain, risky and involve unforeseen processes, and as a result, setbacks and disruptions are likely to occur. As innovative work is complex, it demands a leader that is able to be agile and adapt to the ever changing circumstances of a dynamic organisation (Paulsen et al., 2009). Therefore the requirements of leadership today necessitates a leader that is multifaceted, having the ability to switch and more importantly know when to switch between leadership styles to ultimately guide their organisation to long term sustainable success (Barbuto,…

    • 529 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The critical problems Polaroid faced in the “Joline Godfrey and the Polaroid Corporation (A)” case are the lack of structures to support innovations and the absence of mechanisms to develop talents.…

    • 1366 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Transformational Leaders

    • 471 Words
    • 2 Pages

    Transformational leaders inspire a shared vision by envisioning the future and enlisting others. They do not mind going it alone as they carve out the vision for the entire organization. Then they rally others to buy and support this vision as if it belonged to each of the organization’s members personally. These leaders enable others to act by…

    • 471 Words
    • 2 Pages
    Good Essays

Related Topics