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Virgin Group - Lab Report Example
Pages 6 (1506 words)
Name Institution Course Date Instructor Company profile and entrepreneurial skills Virgin Group is the leading and largest airline in the world that encompasses a consolidation of 400 companies. Founded by Richard Branson in 1970, Virgin Group started as a record retailer before it expanded to records shops in London 2 years later…
This profile majors in different areas, most of which will help in understanding the factors behind Virgin’s success. Purposely, it will provide a detailed analysis of the marketing strategies adopted by the group. In this part, the paper will give an elaboration of the pricing policy and other strategies like employee training. Further, the paper will focus on organization culture prevailing. This will include the behavior and values the group considers worth. Lastly, this report will provide a detailed analysis of the motivation the company gives to the employee hence the evident success. As it will be evident in the report, employee motivation is a key factor in Virgin Group and a determinant in the overall job of every individual employee. Richard Branson’s Profile Born in 1950, biographers document Richard Branson as one of those entrepreneurs who have realized success at a young age. As a real risk taker, Branson incepted Virgin Group at the age of 20 years. However, unlike the expectations of many, he realized his goals. Worth noting, the success attribute to the group did not just happen majestically, but took the effort of the entrepreneur, through his learned skills. A common question is how this happen. ...
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