Warren Buffett Leadership Analysis

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Warren Buffett
Warren Buffett, the CEO of Berkshire Hathaway, which owns many different companies, is one of the most successful business leaders of our time. According to Howard (2014), he is the second richest American, coming in at a net worth of over $70 billion. Besides his personal net worth, Berkshire Hathaway is the fifth-most valuable public company in the United States at $350 billion (Howard, 2014). While he is clearly a very wise investor, Warren Buffett is also a successful leader. As stated by Spindler (2010), leadership is a crucial part of any successful business, and good leadership is what Mr. Buffett portrays. The analysis given in this paper will show Warren Buffett’s values and leadership qualities, his leadership style, as well as looking into his influence he has on his followers.
Values and Leadership Qualities
In order to be so successful, it greatly helps if you are good leader/manager, especially in the eyes of the workers. Many people think of Buffett as a very successful stock picker, which he obviously is,
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As described above, he is a hands-off type of manager. With the laissez-faire type of management, leaders provide little guidance, followers have the freedom to make decisions, needed resources are available, and followers are expected to solve problems (psu.edu, 2013). This style of leadership can best be related to the transformational style. According to pachamama.org (n.d.), transformational leaders delegate tasks, they are concerned with ideas over process, and they are inspirational, trustworthy, and strong role models, which Warren Buffett seems to fit the bill. Furthermore, Hay (n.d.) states that transformational leadership brings higher levels of personal commitment and high expectations, again, to which Buffett seems to follow suit in the way his companies are
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