Executive summary
Organizations will be different from each other based on the way they operate their business within the business. The strategies implemented by one organization might not fit with another due to several reason. Most of the huge global businesses today have been started as very small business organization. Starbucks and Virgin Group are some of the highlighting examples for that. All these organizations were able to reach to an extreme level based on the way they handles their business operations. Since they found the best strategic actions on behalf of the organization, they were able to succeed at the end. These strategies will be evolved basically with connected to the nature of the organization, potential
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1.1 VIRGIN GROUP
Virgin Group Ltd is a British multinational corporation venture capital conglomerate and this company was founded by Richard Branson and Nik Powell in 1970. This group has over 200 business organizations and this is a large network of organizations which cover many areas in the business world (Campbell, et al., 2011).
Considering about the strategy of the Virgin group, their founder has mainly pointed out that the key to success as to being up to date with the things going on with the environment. When considering about analyzing an organization, one of the main concepts is that the corporate rational. This means that the way in which corporate parent will add value for its strategic business units.
One of their main strategy is to diversify their main business into many areas as possible as they can. Company is greatly looking the extent to which they are feasible with going to a new area and based on that they try to enter into different markets at a lower cost using their strong brand image in the global industries. This company is always looking for challenging venture in the market. While most of the organizations being risk averse, this organization act as a risk seeker in the market who will accept the challenge of going into new ventures very quickly. However, almost all the ventures they enter into has been a success as at now. This is because they always accept their
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By saying that ‘third-place ‘, they mean that a place that is away from home and work, where customers would like to be relaxed and comfortable. Also, they have provided the consumers to spend time in the stores and get their work done. Also, most of the Starbucks stores are providing free Wi-Fi for their customers within the store premises. Here the main aim of the company is to make their customer stay a long time within the stores and make them feel better such as they are at home.
Another highlighting thing is the quality offered by Starbucks. This is one of the main strategies they use to compete in the market. When considering about the business strategy of Starbucks, it is mainly the product differentiation concept is used by the management. Because of this premium quality, they have been able to charge a premium price for their products. One of the major aspects in the quality covers the excellent customer service that is offered by Starbucks (Verbeke,
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.
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
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
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
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 LTD is a British venture capital conglomerate that has been around since 1970. Virgin encompasses over 400 different companies located in many industries such as: financial services, transport, food and drink, media and telecommunications. Headquartered in London, this British corporation has come a very long way since it’s birth in 1970. One of the main reasons for the companies success is because of its founder; Sir Richard Branson.
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.
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.
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
The corporate strategy of the Virgin Group is to operate like ‘a venture capital firm based on
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.
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
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.
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