Warren Buffett Decision Making Style

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As one of the most influential billionaires and business Moguls on the planet, Warren Buffett is a man who has made an impact on the world of business. Mr. Buffett is known by many as the most charitable man on the planet, as well as, having billions of dollars in the bank, but preferring the peaceful life style, he has a reasonable sized house and once used to drive a used Ford crown victory. He is known as a great leader and person who donates a large sum of his salary to charitable funds. Warren Buffett is a man who brought up his company through strong management skills to the height it is at today. With a personal net worth of $92.6B and a company worth $15.4B Warren Buffet is not a new name in world of business. Warren Buffett has proven…show more content…
Warren Buffett has been part of the elite class for over 50 years. As a chairman of one of the most successful investment firms in the world, Mr. Buffett has shown that decision making, time management, and focusing & prioritizing is essential to his daily life. Mr. Buffett has shared a tactic for a “complete at all tasks no matter how big or small” mindset, “Items 5 through 25 on your list are things you care about. They are important to you. It is very easy to justify spending your time on them. But when you compare them to your top 5 goals, these items are distractions. Spending time on secondary priorities is the reason you have 20 half-finished projects instead of 5 completed ones.” (Zandon, N. (2015). Warren Buffett’s “2 List” Strategy: How to Maximize Your Focus and Master Your Priorities. Retrieved from https://www.quantifiedcommunications.com/blog/what-makes-warren-buffett-a-great-communicator/) stating that decision making should be of the mindset that completing every task you feel important whether primary or…show more content…
Warren Buffett always urges his managers to think in a, “do nothing you would not be happy to have an unfriendly but intelligent reporter write about on the front page of a news paper,” (Cunningham, L.A. (May 1st, 2015). The Philosophy of Warren E. Buffett. https://www.nytimes.com/2015/05/02/business/dealbook/the-philosophy-of-warren-e-buffett.html) this way of thinking allows managers to be motivated to provide their best work and be looked at in a positive light. This tactic allows managers to feel more invested and driven to the success of organization. Berkshire Hathaway gives its managers and leading members essentially full autonomy, allowing members to feel more motivated, given more freedom and great understanding of the company’s core values and goals as if it were their own. This mindset of freedom and treating the company as if it was your own, is not traditional method of management, but It allows the members to feel like they are a contributing factor to the growth of the company, and in the case of Warren Buffet, he argues it’s the manage his companies. As a man who has been in the business world for over 50 years, Warren Buffett’s management styles maybe be unorthodox, but allowing employees to participate in the growth
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