Describe buffett business strategy

Assignment Help Operation Management

Reference no: EM132428890

Warren Buffet is a highly successful entrepreneur, who resides in Omaha, Nebraska. After graduating from Columbia University, he embarked on a career buying companies that he believed would be successful. His strategy was to focus on a variety of companies in different industries. He believes that this reduces the overall risk to his conglomerate. He also focuses on hiring and retaining the best managers. He wants his managers to have "ownership" of their individual firms focusing on the business, its success, and growth. This strategy has made Warren Buffet one of the most successful and admired business leaders in the world.

1. Describe Buffett's business strategy. Why do you think it was so successful?

2. What are some of the benefits of owning companies in several different industries? The risks?

3. Why is it important for Buffett to allow managers the ability to run the firms as they see fit?

Attachment:- Chapter 1-Warren Buffet-The Oracle of Omaha.rar

Reference no: EM132428890

Questions Cloud

Why is project management considered an excellent training : Why is project management considered an excellent training ground for future senior executives in many organizations?

Major functions-finance-marketing and operations : Compare and contrast an existing organization's three major functions (i.e. finance, marketing, and operations)

Existing business operation and analyze its strategy : Choose existing business operation and analyze its strategy. Suggest competitive priorities that the business used in the development of its operations strategy

Leadership journey : Why are you interested in earning an MBA? What is your motivation? What 3 things do you hope to accomplish during your leadership journey at JWMI and why?

Describe buffett business strategy : Describe Buffett's business strategy. Why do you think it was so successful? What are some of the benefits of owning companies in several different industries?

Construct an introduction : Your assignment is to construct an introduction for your topic. Begin by briefly describing your topic to establish the main ideas and context.

Multilevel readiness to organizational change : Read the article titled "Multilevel Readiness to Organizational Change: A Conceptual Approach".

Hypothesize the changes that require improvement : Assess the current Human Resource programs, policies, procedures or initiatives in terms of effectiveness. Hypothesize the changes that require improvement.

Review the stages of the product life cycle : Review the stages of the Product Life Cycle. What are two products that you consider to be in the Growth stage of the Product Life Cycle and why?

User Account

All Pages