In the spectrum of entrepreneurs, an artist is someone who thinks about opportunities abstractly and uses “big ideas” to form deep, emotional connections with various groups of people. Furthermore, an artist is someone who is prepared to explore opportunities without becoming deterred by uncertainty and enjoys seeing where an ambiguous idea or opportunity can lead. One entrepreneur that exemplifies these qualities is Richard Branson of the Virgin Group and throughout this paper we will discover who he is, why he typifies an artist, and what others can learn from him. Sir Richard Charles Nicholas Branson was born on July 18th, 1950 in Shamley Green, Surrey, England, and was the eldest of three children. His father, Edward James Branson, …show more content…
In the years that followed, the Virgin Group began to experience serious financial troubles and Branson was left to make a difficult decision; he would have to choose to either sell his beloved record company or watch the rest of his businesses decline further into eventual bankruptcy. Ultimately, he decided to sell Virgin Records, and all that it entailed, to EMI Music for $1 billion, a decision which left him heartbroken. Despite his sadness, Branson was determined to continue his involvement in the music business and just one year later he went on to create Virgin Radio and, subsequently, his second record label, …show more content…
Early on in his career, Branson learned the power of delegation allowing him to create, expand, and maintain a wide variety of successful ventures over the years; and although he can no longer directly oversee each individual company within the vast organization, he remains dedicated to staying abreast of the issues that affect Virgin’s subsidiaries. Multiple times per day, Branson is provided with updates on the individual companies’ progress and problems; and with this information he is able to offer his insights, make tough decisions, provide necessary support, or even lend his limited time and notoriety to bring attention to and increase awareness of the company’s new and existing products and
Carter G. Woodson was born on December 19, 1875. He was born in New Canton, Virginia. He was the first son of Anna Eliza and James Woodson. His mom and dad were slaves at the time he was born, so he did not have a nice house or great food. Carter G. Woodson was born at a time when people thought blacks were bad.
By citing a quotation from author Daniel Pinks who states, that the talents individuals require for success in the 21st Century are not, “linear, logical, analytic talents,” but ones that provide, “the ability to create artistic and emotional beauty, to detect patterns and opportunities,” and “to craft a satisfying narrative,” Gioia is able to build his point with the agreement of a respected individual. He then immediately follows with a statement that business leaders like to see, “imagination, creativity, and higher order thinking” as qualities for individuals in management positions. This dual utilization of claims from two separate sources conveys to Gioia’s audience the sense that the skills built through immersion in the arts are vital to succeeding in the modern workplace which aids in logically leading his audience to the conclusion that a loss of experience with the arts may foreshadow troubling
...szentmihalyi Builds On His Flow Theory, Profiling Individuals Who Have Found Ways To Make Flow A Permanent Feature Of Their Lives And At The Same Time Have Contributed To Society And Culture. Professor Csikszentmihalyi Explores Why Creative People Are Often Seen As Selfish And Arrogant (Even Though They Are Not) And Reveals That The Idea Of The Tortured Genius Is Largely A Myth. He Argues That Creativity Needs To Be Cultivated Not Only In Traditionally Creative Fields Like Sciences And Art, But Also In Business, Government, And Education. Conversations With Dozens Of Respondents To Csikszentmihalyi’s Survey Are Combined In This Book With A Careful Analysis Of What Makes Creativity Possible And Even Likely. Those Of Us In The Growing Field Of Knowledge Management Have Much To Take From It Personally And Professionally And Much, Much Pleasure To Find In It As Well.
Resources are being classified into tangible and intangibles assets as the followings: *Resources of *Virgin Group Tangible Resources Intangible Resources Capabilities of Virgin Group are established by the integrated resources that assisted it to stay competitive and to outdo its competitors. Valuable capabilities will aid Virgin Group to effectively tap and explore spotted opportunities as well as to minimize threats in the external environment. Should capabilities are consistently and effectively utilized, they will turn significant and be difficult to be imitated or substituted. With the resources discussed above, 3 capabilities of Virgin Group are identified as follows: - *Capabilities 1: Unique C*ulture of *"Making difference and creating uniqueness"* (*Contributed Resources: *Financial, Organizational, Human, Innovation*, Technological*) Creativity, Innovation are the foundations to Virgin and Richard Branson’s success! Technology push is the spine for innovation and likely to simulate process innovation in how service is provided when looking into Virgin. Technology is more likely to simulate process innovation. Every turn and businesses Branson venture has been with some kind of innovation or creativity element if not something unique, something that has not been seen or heard of before in the relevant market. Virgin Group has achieved a competitive advantage among its competitors by uniformly followed its culture in all business in serving good value and service to the customers in different ways. The basic and the core competence of all Virgin Group's business ventures are to do things just a little bit differently from the rest. And also they always tried to add value by adding a little fun to the business. By differentiating in strategy itself to fit of the activities and the ways of doing business have also differentiated itself from the rivals and make it difficult to imitate Virgin’s strategy. Hence, they have established their business to an untouchable position. How would you characterize the corporate strategy of Branson's Virgin Group? The answer to that question will not be so different from the ones above. However to better understanding we can characterize the corporate strategy of Virgin Group as "Making difference and creating uniqueness" in any kind of customers' service. They are not stuck to any business field so that makes them flexible of thinking and creating new ideas for their customers and the whole consumers around the world who need (or will need) Virgin's service.
Richard Branson prides Virgin on the positive environment he sets for employees. Delegation, listening and the value of employees are key to being a good leader. These three assets to being a great leader have proven to assist Richard Branson in success. Mr. Branson approaches negotiation the same way he approaches her personal life, adventurous and boisterous. His negotiation approach is untraditional and unconventional in business. Perhaps Branson may be
Virgin is made up of over 200 companies and employs approximately 50,000 people worldwide. It was originally set up as a mail-order record business by Sir Richard Branson. Conceived in 1970 by Sir Richard Branson, the Virgin Group has gone on to grow in business sectors ranging from mobile communications, to transportation, travel, financial services, leisure, music, holidays, publishing and retailing. In 2006 Virgin’s revenues from around the world exceeded £10 billion.
In the documentary “Call of the Entrepreneur,” three successful entrepreneurs, Brad Morgan, Frank Hanna, and Jimmy Lai, are presented to explain their views on entrepreneurship and in turn leadership. Brad Morgan is the owner of a million dollar dairy and compost company, Frank Hanna is a merchant banker in New York City, and Jimmy Lai is the founder of Giordano department stores and Next Media. A central theme of the documentary is how each of these businessmen displays the characteristics of persistence, patience, and perseverance to overcome frustrating obstacles and become successful. The film defines entrepreneurship and explains how the entrepreneur responds positively to consumer demands and is able to organize and direct others toward a goal only the entrepreneur can see. The film shows that though some entrepreneurs are driven by greed and some are not, the ones that are successful are answering the needs of consumers.
Sir Richard Branson states: “A business has to be involving, it has to be fun, and it has to exercise your creative instincts.”
Success can be thought of in many ways, some people think success having money and some people think success is completing a challenge or goal that they had for their self. It could mean reaching a big or small goal whether it would be achieving to run a mile or you having a job and getting a raise because of your work ethic. Ted Turners thoughts of success was “ To be sure to set your goals so high that you can't possibly accomplish them in one lifetime.” And the outcome of Ted’s success was when he successfully created CNN and is still lucky to have it still existing today. Although Ted had his challenges in creating CNN he never gave up because he wanted to reach the goal in having CNN keeping it's business.
There has been a large amount of attention paid to the subject of entrepreneurship in the last few years; mainly because most people have chosen to go from working for somebody else, to be their own bosses and work for their dreams. Nevertheless, many still wonder what is entrepreneurship and what is that sets entrepreneurs apart from other regular business owners. At first, it seems both concepts do not differ much from each other since they both start up and run businesses and assume risks to pursue opportunities; however, there are certain traits that difference them.
England's most talented and well know poet and dramatist was born on April 23, 1564, at Stratford-upon-Avon, located in the cetre of England. His father, John, was a glove-maker and wool dealer involved with money lending. His mother Mary Arden was the daughter of a Farmer. William was the third out of eight children whom all died young. His father became Mayor in 1568, after serving on the town council for many years.
The success of a business is greatly dependent on its entrepreneur. An entrepreneur is someone who takes the financial risk of starting and managing a new business venture. In order to be a successful entrepreneur, one must be ready to take a risk and invest one’s own savings into a business. The job requires that the individual be ambitious and committed to working hard in order to achieve the set targets. A successful entrepreneur is able to multi-task and communicates effectively with people, possessing leadership qualities such as confidence and motivation. The individual must play the role of constant motivator and inspire employees to improve their work performance, whilst ensuring a comfortable environment for the employees to work in. According to Schumpeter (1982), an entrepreneur is more of a ‘heroic’ than an ‘economic’ figure; his motivation should not solely be monetary, rather stemming more from inspiration and ambition.
entrepreneurs have the ability to come up with new ideas in various situations of which one might have never imagined. Entrepreneurs have a curiosity that identifies overlooked niches and they are constantly trying to innovate (Robinson, 2014). They imagine another world and have the ability to communicate that vision effectively to investors, customers and staff.
Isaac Newton was born on January 4, 1643 in Woolsthorpe, England where he grew up. His father, also named Isaac Newton, was a prosperous farmer who died three months before Isaacs’s birth. Isaac was born premature; he was very tiny and weak and wasn’t expected to live (bio).
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.