Assignment 4: Sir Richard Branson‚ Chairman‚ Virgin Group‚ Ltd. Case Study Mysherri Rhodes Instructor: Bess White Bus 520: Leadership and Organization February 25‚ 2012 Describe Branson’s leadership style in terms of the leadership models addressed in Chapters 10 and 11 and evaluate the likely effectiveness of that style in the U.S. today. Sir Richard Branson‚ founder and chairman of Virgin Group Ltd.‚ has created a multi-billion dollar enterprise‚ which includes: airlines‚ records
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resources and characteristics of the parenting organization. Heartland businesses are ones that the parent can add value to without danger of doing harm. Since Virgin Atlantic founding‚ the airline has relied on service‚ value-for-money‚ and innovation‚ dished up with panache and flair‚ to differentiate itself in the market. Virgin Atlantic announced further expansion plans on the back of continuing growth and increased profitability. It is now the company
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5. What do you think of Virgin Mobile’s value proposition (the VirginXtras‚ etc.)? What do you think of its channel and merchandising strategy? We think that Virgin Mobile’s value proposition is very effective to its target market (14 to 24-year-olds). Virgin Mobile positions its brand is what the target market wants and is all about fun‚ honesty and great value for money. They do not only provide basic cellular service‚ but also push cell phone content to a new level that involves the delivery
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Leadership in Virgin Group Company History: Virgin Group is a diversified grouping of more than 200 privately held companies. The largest of these are Virgin Atlantic Airways‚ the number two airline in the United Kingdom; Virgin Holidays‚ a vacation tour operator; Virgin Rail‚ the second largest U.K. train operator; the Virgin Retail Group‚ which operates numerous Virgin Megastores‚ a retail concept featuring videos‚ music CDs‚ and computer games; and Virgin Direct‚ which offers financial services
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When launching a new product‚ it is better to pursue a brand extension strategy‚ than to develop a new brand Brand extension is a brand strategy which using the existing brand name to develop a new product or enter into a different product category market or industry. The new brand can be called as a “sub-brand”‚ and the original brand is referred as a “parent brand”. There are basically two different types of brand extensions. The first one is “line extension”‚ which means to launch a new product
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Introduction While discussing about virgin group‚ virgin group is the crucial aspects when it comes to a recognized international leading investment group and brands. Virgin start to experience in 1970 lead by Sir Richard Branson based in London‚ United Kingdom. which has been expected to engage efficiently in business form between mobile telephony‚ travel‚ financial services‚ leisure‚ music‚ holidays‚ health‚ wellness‚ broadband‚ TV‚ radio which operates in Asia‚ Europe‚ North America‚ Africa
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RECENT PAST INTRODUCTION Virgin Group limited is a venture capital conglomerate founded in 1970 by Sir Richard Branson with interest in transportation‚ travel‚ mobile‚ financial services‚ media‚ music and fitness. It employs about 50‚000 people in more than 30 countries‚ comprising of 300 companies and brand‚ with 11.5 billion pounds in revenue as at 2009‚ (Virgin website).
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AIR ASIA Company profile: Air Asia needs no introduction in ASEAN‚ where it is the leading low-cost carrier‚ connecting people and places across 132 routes‚ 40 of which are offered by no other airline. In 2010‚ the Group‚ which includes affiliates Air Asia Thailand and Air Asia Indonesia‚ reinforced its leadership position with two remarkable milestones: flying its 100 millionth guest and breaking the RM1 billion(ringgit) profit barrier. From an airline with two aircraft plying six routes in Malaysia
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modern business competition. Speed has become a key competitive weapon to most of companies. Smart companies are those that can accelerate the rate of producing new products and new businesses. This article use Virgin company’s success in various fields‚ such as‚ comics‚ music‚ megastores‚ airlines‚ mobile phones‚ credit cards‚ bikes to illustrate that speed and technology are the key for the success. Innovation has become more and more important. And only those companies who innovate faster can
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Leadership Paper: Richard Branson Richard Branson has been practically a household name in the U.K. for the past 20 years and is also well respected in the business world. He is the founder of the Virgin Group‚ known for record labels‚ cellular phones‚ airlines‚ and many other business ventures. He is responsible for a $5 billion empire consisting of over 200 different companies around the world. (ICFAI‚ 2002) Branson is also known for his unique character and leadership styles‚ one who is
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