Skip to main content

Artificial Intelligence

Post a Comment

Richard Branson



HISTORY


Richard Branson was born on July 18, 1950 in Shamley Green, Surrey, England. He struggled throughout his school life due to an as of yet undiagnosed problem of dyslexia. He excelled in sports, serving as the caption of both his school’s football and cricket teams, but it was in business that he found his true calling.
His two ventures—growing Christmas trees and raising Australian parrots—were not successful. But the experience he had gained at that age (16) helped him to launch Student Magazine followed by Virgin mail order, which did see relatively more success.


NET WORTH

Branson started with a simple record store, and built Virgin into an absolute powerhouse, turning him into one of the richest men in Britain.
Richard Branson’s net worth is estimated at $5 billion as of 2020.
EARLY LEADERSHIP LESSONS

Branson’s leadership qualities is the most significant reason behind the success of 350 very different companies. Branson believe that his leadership style has its origins in his upbringing, where his parents taught him to stand on his own two feet. At age six, his mother would shove him out of the car and tell him to find his own way home. At age 10, she put her son on a bike to ride 300 miles. These lessons built character, endurance and leadership qualities. 
Branson believes he learned leadership through trial and error, since founding his first company, Student magazine, at age 16. Branson says “You cannot be a goof leader unless you generally like people.

Branson places enormous value on time management skills. As a chairman of large group of firms, Branson says he spend about a third of his time on trouble shooting, another third on new projects, both charitable and business, and the last third on promoting and talking about the business he has set up. He also spend some time for family and vacation.


SUCCESS BEHIND MORE THAN 350 COMPANIES


Branson says “I have had to create company that I believe in 100%. These are companies I feel will make a genuine difference. Then I have to be willing to find the time myself to talk about them, promote them and market them. I do not want to spend my time doing something that I am not proud of.”



HOW BRANSON ENCOURAGE INNOVATION?

The key to encouraging innovation within Virgin ranks, suggests Branson, is to listen to any and all ideas and to offer feedback. Employees often leave companies, he reasons, because they are frustrated by the fact that their ideas fall on deaf ears.


HOW BRANSON BUILD TRUST?

Branson has built a level of trust with his top managers by setting the direction and then stepping back to let them navigate. “ I come up with the original idea, spend the first three months immersed in the business so I know the ins and outs and then give Chief Executives a stake in the company and ask them to run it as if it’s their own,” explain Branson.






Labels:

Comments

Post a Comment

Popular posts from this blog

Transaction Processing System

Transaction Processing System (TPS) Transaction processing systems (TPS) are the basic business systems that serve the operational level of the organization. A transaction processing system is a computerized system that performs and records the daily routine transactions necessary to conduct business. Operation information is concerned with daily routine tasks and activities. Taking orders, paying bills, selling products, clearing cheques etc. are the daily activities performed in different organizations. Organizations need information system to streamline these daily routine tasks. The information system used in this level of management is termed as Transaction Processing Systems (TPS). TPS is used to collect data that are produced on daily basis from the routine works. It has user interface, i.e., form with fields to input data to the system. It enables to store and arrange data in the format which can be processed by other information system easily. More than 90% of
Post a Comment
Read more

what is interpersonal communication

WHAT IS INTERPERSONAL COMMUNICATION ? Interpersonal communication is the communication that takes place between individuals who have a relationship between them. It is the process of face-to-face exchange of thoughts, ideas, feelings and emotions between two or more people. This includes both verbal and nonverbal elements of personal interaction. INTERPERSONAL SKILLS Interpersonal skills are traits you rely on when you interact and communicate with others. They cover a variety of scenarios where communication and cooperation are essential. These skills involve the ability to communicate and build relationships with others. Often called people skills , they tend to incorporate both your innate personality traits and how you’ve learned to handle certain social situations. Effective interpersonal skills can help you during the job interview process and can have a positive impact on your career advancement. Some examples of interpersonal skills include:
Post a Comment
Read more

WHAT IS BARCODES AND RFID

RADIO-FREQUENCY IDENTIFICATION (RFID) RFID is an acronym for “radio-frequency identification” and refers to a technology whereby digital data encoded in RFID tags or smart labels are captured by a reader via radio waves. RFID is similar to barcoding in that data from a tag or label are captured by a device that stores the data in a database. RFID, however, has several advantages over systems that use barcode asset tracking software. The most notable is that RFID tag data can be read outside the line-of-sight, whereas barcodes must be aligned with an optical scanner. HOW DOES (RFID) WORK? RFID belongs to a group of technologies referred to as Automatic Identification and Data Capture (AIDC). AIDC methods automatically identify objects, collect data about them, and enter those data directly into computer systems with little or no human intervention. RFID methods utilize radio waves to accomplish this. At a simple level, RFID systems consist of three components:
2 comments
Read more