Managing People And Organization Answers Assessment Answer
Answer:
Introduction:
Richard Branson
Richard Charles Nicholas Branson is an English business magnate investor and the founder of Virgin Group. At a young age, Branson expressed his wish to become an entrepreneur. In the year 2000, Branson was knighted at Buckingham Palace for "services to entrepreneurship". Branson mainly believes in three factors that help him to lead a balanced life. The three factors are technology, his family and his office. Technology permits him to keep his life on track. His family helps him to be grounded and positive (Alter, 2014).
Implication for Employees
The implication for working with this individual will be outstanding, as Branson believes in the wellbeing of the individuals. He also believes in the fact that business is about people, people and people. When Virgin was in its infancy, the term employee wellbeing used to sound as an alien concept. Branson helps his employees to live a healthy life by letting them to work from home, granting them unlimited leaves, providing them with integrated technologies and maintain happiness in the workplace (Finnegan, 2013).
Employees are thus encouraged as they find a balanced life between their work and personal lives. The strategy does not include any magic formula; rather it is important to treat the employees the way they want to be treated. The employees will have a desire to work on projects that will mean something to them and they will want to be surrounded by employees who will treat them with respect (Abubakar, 2016).
Strategies
If this strategy can be put into practice by the companies then it lead to the wellbeing of the employees. However, there have been a lot of debate that have been taking place regarding the flexible working hours. This is because there are some people are strictly against unlimited leave policy. On the other hand, Virgin believes in the fact that flexible working is smart working. As a result, they become successful in hiring brilliant employees. To cope with situation the strategies might include that the employees should be given unlimited leaves only for a specified time in a month (Bower, 2014).
References
Abubakar, S. G. (2016). Examining The Culture Of An Organisation, Its Leadership Styles, Structure, Diversity Issues And Conflicts: A Case Study Of Virgin Atlantic, United Kingdom. Development, 4(2).
Alter, S. (2014). How to market like Richard Branson. Journal of Property Management, 79(6), 14-15.
Bower, T. (2014). Branson: Behind the Mask. Faber & Faber.
Finnegan, M. (2013). Boeing 787s to create half a terabyte of data per flight, says Virgin Atlantic. Computerworld UK, 6.
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