Virgin Group: The Business Strategy Of The Virgin Group

Richard Branson, the founder of Virgin Group has been a household name in the United Kingdom for over twenty years. He is well respected in the business world. He is the founder of the Virgin Group, which is known for many different things such as cell phones, record labels, airlines and many more. “Branson is also known for his unique character and leadership styles, one who is not afraid to take risks, and believes that people are the foundation to his company's success. If I were to first characterize his leadership style I would say he is definitely a democratic leader. He truly feels that getting other peoples input and listening to what

Virgin group limited is world largest british multinational company founded by Richard branson.it has various core business like travel,entertainment and life style and it includes 400 companies world wide.

Virgin is a U.K-based company led by Sir Richard Branson and is one of the three most recognized brands in Britain. The company has a vast history of brand extensions – one of which is their launch of a wireless phone service in the USA. Dan Schulman has been appointed CEO of the Virgin

Richard Branson is genuine and honest about his values and beliefs. Throughout his career as an entrepreneur, he has been able to anticipate the future trends, inspire followers to understand and embrace a new vision of possibilities. Virgin group rewards their employees with more intangible dividends like comfort, independence and healthy salaries. The staffs have the rights to renegotiate the pay scale offered to them but however for the past 10 years no one has chosen to do so. (Tannenbaum 1985) This proved that Richard Branson authentic leadership has captured his employee’s loyalty towards the company.

starbucks Corp., an international coffee and coffeehouse chain based in Seattle, Washington, has expanded rapidly since its opening in 1971. These outrageous success was due to its well-developed strategy vision which lay out the company's strategic course in developing and strengthening its business. Starbucks is a global corporation that sells authentic coffee in 30 countries, reporting revenues of nearly $5.1 billion in 2006. The main goal of Starbucks is to embrace diversity by applying the highest standards of excellence. Starbucks strives to perfect the relationship with the working class by making the service as fast as possible because they believe that every customer has their own personal rate. One

According to Slack et al. The corporate strategy or business strategy is the guide lines for the whole corporation’s businesses in relation to its markets, customers, and the competitors (2007). In the same context, the same authors discussed the link between the corporate strategy and

Virgin Australia was established in early 2000, with operations comprising of two aircrafts flying one route and 200 employees. Since this, the company has greatly expanded its operations embracing a true national domestic network and then further expansion into the international flights by 2009 (Virgin Australia, 2012). Today Virgin Australia operates under the chairman of the Virgin group Sir Richard Branson and is owned by Virgin Blue Holdings, formally Virgin Blue Airlines. Under the brand name is V Australia and Pacific Blue, from which Virgin Australia flies its main aircraft

The first part of this report provides a broad introduction into the business of Virgin Australian by examining its principal sources of revenue, its nature of operating, its competitors, the market share and the regulations affecting its operations. From this, it can be seen that Virgin Australia operates in a very competitive environment and generates revenue by the core business of passenger and cargo transport.

Attempts to track the financial results of the various Virgin companies are apparently the most confusing aspect of the Branson’s empire. Despite that fact, Branson insists that financing his business investments takes place on a standalone basis even though analysts have previously pointed various instances in which profits that the viable investments make are channeled to the ailing ones to revive them even without standard accounting procedures followed. An example of this tendency relates to the records showing that in 1992, one of the Branson’s most profitable investment as the Virgin record and it was sold with an aim of safeguarding Virgin Atlantic while Singapore Airline purchased 49% stake in Virgin Atlantic to ensure that the Virgin group’s music retail business

a space for consumers to enjoy a cup of coffee away from home or work. Starbucks created the “Third

Furthermore, Starbucks always involves with its customers and the community, providing customers with everything they want, and being continuously loyal to the customers while providing products that are good quality. Moreover, Starbucks also makes sure that the provided products are good at the beginning, rather than provides low quality products and makes improvement in the future. In order to do this, Starbucks gets the best ingredients possible and trains its partners properly so that is can prevent any defects in the products. To ensure that all products are with good quality, Starbucks always listens to feedbacks from its partners and its customers in order to better the process in which the products are made and the end result itself (Sandhu, M., Singh, R., Ratra, R. et

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 stunts as diverse as appearing as a cockney street trader in the US comedy Friends, to attempting a non-stop balloon flight around the world. This has certainly contributed to the definition and recognisability of the brand. Research has showed that the

Virgin Group Ltd. is a British multinational branded venture capital conglomerate created by entrepreneur Richard Branson. Its core business areas are travel, performing and lifestyle, and it also achieves ventures in financial facilities, transport, health care, food and drink, media and telecommunications; together, Virgin 's businesses contain of more than 400 businesses worldwide.

Virgin Group is a company with employees worldwide; if Sir Branson wants to retain and increase organizational success he must enhance his Leadership Style by including components of Global Leadership. For example, Sir Branson recognizes the future trend of global warming and made a personal investment in anticipation of future opportunities. However, he may have missed an opportunity to include the Virgin Group team/organization in his personal vision.

The corporate strategy of the Virgin Group is to operate like ‘a venture capital firm based on