Which future for Virgin? Diversification is often seen as the last evolution for a company. However‚ there are ways and options to adapt your strategy after you diversify in order to make it more efficient to this new change. Virgin is‚ as we’ve seen in the previous parts‚ a well-diversified company. There are usually 4 paths a diversified company could use after it diversified‚ and we can use them to analyse the potential future of Virgin. 1 Broaden the diversification base Virgin’s
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1. Introduction Virgin Group is the use of Virgin as a brand name and a number of enterprises Group; it is one of the UK’s largest private companies that founded by famous British businessman Richard Branson. The Group business start with music business‚ now it develops includes tourism‚ aviation‚ and entertainment and so on. Richard Branson holds the control power over the brand Virgin‚ but its subordinate institutions are different and complicated. Each of the virgin group company is independent
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With the foundation of Virgin Records in 1970‚ the first step was taken towards what is today Virgin Group‚ which in 2007 comprised 215 companies under its structure‚ in businesses as diverse as space travel‚ mobile telephony and fitness centers. Ever since the start‚ the image and culture of the Virgin Group have been so tightly linked to the personal image and personality of its founder‚ the high-profile entrepreneur and multimillionaire Sir Richard Branson‚ that it is almost senseless
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Idealized influence Idealized influence is a leader can be trusted and respected‚ they have a high moral standard and the followers make them as a role model. The leader behavior can be from the follower and result a leader behavior. According to (Bass 1985‚ Avolio‚ & Goodheim‚ 1987 in Pradeep & Prabhu‚ 2011). Idealized influence meaning more concerns on formulation and articulation of vision and challenging of goals and motivating the employee and organization. In this dimension the leaders
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gratefully and lovingly remembered. Summary Virgin Atlantic is the second largest long haul airline in the UK and the third largest European carrier over the North Atlantic (Virgin Atlantic‚ 2011) founded by Richard Branson in 1984. Lot of lessons can be learnt by studying the management and leadership skills of Virgin Atlantic. The specific business model of the organisation with uncommon practices of traditional business doctrine had made Virgin Atlantic to soar within a short time. The transformational
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report closely examines the Virgin Group’s corporate strategy / rationale and identifies the relationships namely of strategic nature within the Virgin Empire. Virgin’s value adding qualities shall be discussed and the main issues faced by Virgin shall be identified and categorically solutions recommended respectively. Corporate Rationale The Virgin Group comprises of an assorted mix of businesses. It has its “finger in every pie”‚ so to speak. The Virgin has group diversified into 200 businesses
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Leadership in Virgin Established by Sir Richard Branson 22 years ago‚ Virgin Atlantic has become Britians second largest airline. It operates 37 aircraft‚ employs 9000 staff and flies more than 4.5 million passangers a year to some of the worlds major cities. After the slump in air travel following 9/11 Virgin Atlantic went through a period of rapid growth. Virgin Atlantic introduced a leadership development program that was led by business objectives rather than HR process and fitted into
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1. Describe the culture of Virgin group by seven dimensions of organization culture? Every company and organization whatever government or non-government are having their unique organization culture. So what is organization culture? ‘Organization culture has been described as the shared values‚ principles‚ traditions‚ and ways of doing things that influence the way organizational members act‚ and there are seven dimensions – attention to detail‚ outcome orientation‚ people orientation‚ team
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Virgin Group Virgin group is one of the leading international investment group and one of the famous and respected brands in the world. The founder that is Sir Richard Branson has successfully grow his company business in sectors ranging from mobile telephony‚ travel‚holiday‚ leisure‚ services‚ music‚ financial and health & wellness. Their group have employ more than 50‚000 people around the world and their services are provided over 50 countries. Every manager of their group have four management
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supplies‚ distribution‚ and retail. Virgin Group Limited is one of the best-known conglomerations in the entire world. This British conglomeration is among the most varied and compelling companies on earth‚ and provides a dizzying array of products and services among its business units. From somewhat humble beginnings as a mail-order business‚ Branson and his partners gradually expanded the reach and scope of the Virgin Group’s business. Today‚ Virgin Group is a player in a wide variety of industries
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