Based on what I learned from this module‚ the concept that is most important to me is Individualized Consideration from Transformational Leadership. According to the lesson principles‚ individualized consideration is the degree to which a leader attends to each follower’s needs‚ acts as a mentor or coach to the follower‚ and listens to the follower’s concerns. When applying individualized behaviors it is essential to actively participate in discussing and empathizing with the needs of the follower
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Case Study – Personality and Virgin Group Whatever the industry‚ a company will always consist of an association of two or more individuals working towards a certain global goal; the actions of each individual will contribute to the general welfare of his company and of others around him. So‚ for a manager‚ it is important to single out the individuals whose behaviours better fit those of the company‚ its objectives and the job positions they are to fulfill – much following the preparation principle
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Introduction Virgin Group LTD is one of the most well-known‚ respected brand and outstanding international investment group. Invented in 1970 by Richard Branson. Virgin Group became a widespread company and began to grow up in businesses such as: mobile telephony‚ travel‚ financial services‚ leisure‚ TV‚ music‚ holiday and health & wellness. It involved in the fields of airlines‚ rail services‚ and transportation services‚ motorbike and cruise packages. They also operate gym facilities‚ racing
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implementation of Virgin Group by V S Rama Rao on January 18‚ 2009 Grabbing and successful: Richard Branson‚ entrepreneurial owner and founder of Britain’s untraditional Virgin Group‚ has fused two dissimilar lines of work – show business and commerce – into a single‚ extremely profitable enterprise. Virgin Group comprises more than 100 companies in 15 countries. It includes Virgin Atlantic‚ a 12 plane long distance carrier‚ the Virgin Retail Group outlets that sell CDs‚ videos and games; Virgin Communications
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Virgin Group: Finding New Avenues for Growth Virgin is a leading international investment group and one of the most respected and recognized brands in the world. It has been one of the fastest growing companies in the world since its inception. Conceived in 1970 by Sir Richard Branson as a music mail-in service‚ the company has gone to grow as one of the largest companies in UK. Today‚ Virgin group has more than 400 companies worldwide in 34 different countries and with global
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DIVERSIFICATION The Virgin Group covers a wide range of industries But keeping the brand name in all of them is not a good strategy. This is because the brand Virgin originally stood for a particular set of products/services with its own brand image. But when it affixed it to every possible product/service that wasn’t necessarily related to the original product/service‚ it lost its value. The brand lost its brand image that it cannot deliver one particular message to its consumers as the products/services
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289 CASE EXAMPLE The Virgin Group Aidan McQuade Introduction The Virgin Group is one of the UK’s largest private companies. The group included‚ in 2006‚ 63 businesses as diverse as airlines‚ health clubs‚ music stores and trains. The group included Virgin Galactic‚ which promised to take paying passengers into sub-orbital space. The personal image and personality of the founder‚ Richard Branson‚ were highly bound up with those of the company. Branson’s taste for publicity has led him to
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Virgin Australia Holdings Ltd Situational Analysis Word Count: 1080 Table of Contents Introduction 3 Strategic business units 4 Situational analysis 5 Internal Environment 5 Product 5 Price 5 Place 5 Promotion 5 People 5 Process 6 Physical Environment 6 External Environment 7 Markets 7 Competitive environment 7 Economic environment 7 Demographic environment 7 Social and cultural environment 7 Political and legal environment 7 Technological environment 8
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THE VIRGIN GROUP CASE STUDY QUESTION 1: What examples does the case give of links between Branson’s strategy for Virgin and the environment in which it operates? The Virgin Group Ltd is a group of separately run British companies with the Virgin brand under the leadership of English celebrity business tycoon Sir Richard Branson. The core business areas are travel‚ entertainment and lifestyle‚ among others. Richard Branson’s strategy comes from his deepest inner beliefs;
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Group Motivation Chiquita Thomas SOC/110 Gearlean Lloyd October 09‚ 2012 Group Motivation This chapter has talked about how to get people motivated and what it takes to meet the member’s needs. “Group motivation provides the inspiration‚ incentives‚ and reasons that move group members to work together to achieve a common goal” (Engleberg & Wynn‚ 2010‚ p. 138). Engleberg and Wynn (2010) stated‚ “Without motivation‚ we may know what we need to do and even how to do it‚ but we lack the will
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