Leadership Style Warren Buffet is the Chief Executive Officer (CEO) of Berkshire Hathaway (http://www.berkshirehathaway.com), a holding company for several businesses (Berkshire Hathaway, n.d.). Fortune Editors (2014) named Warren Buffett number four on The World’s 50 Greatest Leaders (2014) list for his leadership techniques with his 300,000 employees. Buffett is also a proponent for philanthropy and earmarks Berkshire Hathaway shares to distribute to several foundations annually (Berkshire Hathaway Inc., n.d.). In 2014, Buffett led his followers with a hands-off style empowering his managers to act as owners (Fortune Editors, 2014). However, Buffett did not begin his career with a hands-off style; his leadership techniques evolved as he became a seasoned CEO. Over time, Buffett shifts from a unilateral power to a mutual power (Kelly, 2013). Unilateral Power Kelly (2013) segments Buffett’s leadership transition into seven stages: opportunist, diplomat, expert, achiever, individualist, strategist, and alchemist. During the first four stages, Buffett concerned himself with growing his investment and not on the impact of the organization’s reputation, employees’ welfare, or community and is why this category is unilateral power (Kelly, 2013). In the early 1960’s, his transactional leadership style tarnished his reputation following the sale of Dempster Mill (Kelly, 2013). Dempster Mill Dempster Mill was a farm equipment manufacturing company Buffett took control of
Leadership style is a leader's style of providing direction, implementing plans, and motivating people. There are many different leadership styles such as leaders in the political, business or other fields. Steve Jobs (24th February, 1955 – 5th October, 2011) is one of the most remarkable leadership people in modern history and he is well-known as the co-founder, chairman and chief executive officer (CEO) of Apple Inc (Misa, 2011, p. 919). In any cases, Steve Jobs had displayed personal characteristics as a leader. Steven Jobs returned back to Apple when the company was going through a terrible
Our world is filled with many successful leaders. The gift of being a leader can be learned; however some individuals have a natural born talent to be a leader. Each leader has his or her own unique leadership style. The gift of being a leader can be learned. Certain individuals are born with a charismatic style and can easily be a leader. A successful leader is one who can inspire and motivate people towards a goal. Martin Luther King Jr. was an individual with a born gift to lead people. The following paper will discuss how Martin Luther King Jr. was able to inspire and motivate people with his effective leadership style.
The belief of leadership is constantly changing, with many theories and frameworks available. Today’s organizations face ever-increasing change, which includes increased patient demands and work needs, which requires a more adaptive flexible leadership that is becoming increasingly important in the 21st century. Leadership theory and philosophy can be divided into several well-known styles. Within this paper, we will discuss the basis of autocratic, democratic, laissez faire, servant, charismatic, transformational, and situational styles of leadership within the nursing profession, then conclude the writer’s personal philosophies of leadership.
Earl Kim- known as a previous superintendent /educator at several New Jersey schools, previously serving the U.S. Marine Corps and last serving as our headmaster at Kamehameha Schools - is one of my most inspirational leaders. I've known him for four years. When Mr.Kim first came to our school, a lot of people despised him because he wasn't Hawaiian. In making our school's twenty-five year plan, he incorporated a Hawaiian language proficiency test that students had to pass in order to graduate. To me, Mr.Kim saved our language; without this proficiency test, some students would graduate not knowing our Hawaiian language. Although he isn't of Hawaiian descent, he truly cares about the perpetuation of our culture. Not only is he a leader for strengthening our Hawaiian curriculum, but he is like my father figure.
The Leadership Challenge by Kouzes and Posner (2007) is the result of twenty years of research on the factors that influence and create great leadership. Through studies and stories from leaders with various backgrounds throughout the world, the practices and characteristics that create great leadership are delineated. Leadership is viewed not as a group of inherent characteristics, but as learned behavior that anyone can achieve. The goal of Kouzes and Posner’s book is to inspire and educate leaders through transformational leadership. As such, leadership is about mobilizing others to become and do extraordinary things.
1. Richard Branson's leadership style works for his particular role as visionary and figurehead of his diverse group of companies under the Virgin Group umbrella. However diversified the Virgin Group may be, Branson remains an essentially charismatic and transformative leader. His leadership philosophy is built on employee empowerment and stimulating employee satisfaction. In his own words, Branson states, ""Rather than focusing on mistakes, catch someone doing something right every day," (cited by Adonis, 2010). Likewise, Branson advises that managers "place greater emphasis on unearthing what their employees are thinking and feeling," (cited by Adonis, 2010).
In this essay I will explain how the Full-Range Leadership Model (FRLM) concepts apply to the safety situation on XYZ Air Base. I will tell how I would apply these concepts to conduct team-building within the Safety office and across the base to address the serious safety problems. Lastly, I will formulate an action plan for the Wing Commander, so she can more effectively combat the alarming trends on base.
Bill Gates was the former CEO of the computer software giant Microsoft. It was not purely on inherited merit or luck that he was able to lead and maintain Microsoft, one substantial attribution to the success of Microsoft was due to the leadership style of Bill Gates. The main philosophy that Bill Gates used was autocratic leadership. Autocratic leadership can be defined as: a person who maintains most of the decision making process for themselves (DuBrin A.J., 2013). An advantage of the autocratic leadership style was that corporate decisions were made more efficiently, if Bill were a democratic or consultative leader, it might have taken longer for Microsoft to seize primary markets of interests. Gates was also competent in delegating tasks to the right people, such as allowing the engineering teams to work at full capacity to meet their production goals. Microsoft’s success can be linked to the proper delegation of duties to the correct personnel, and a focus on goal-based decision making.
Leadership Evaluation and Philosophy: An Appraisal of Angela Merkel’s Leadership during the Euro Crisis and My Leadership Philosophy
I define leadership as the ability to provide strength and coverage to support a Sailor, regardless of rank. The ability to instill Core Values, provide training and the tools a Sailor will need to excel in both their professional and personal life. A true leader will support a Sailor, any Sailor, during the high times of a career, but to be a solid force if there are any lows.
What are the key strengths and weaknesses of the supportive, directive, and participative styles of leadership? Substantiate your response.
Detailed examination of the impact Jack Welch has had as CEO over the past twenty years reveals a leadership style that is the driving force behind a
Warren Buffett utilizes a constant strategy to manage these companies including Berkshire Hathaway by holding shares for a long time. Berkshire Hathaway does not pay any dividends to the shareholders but reinvests surplus instead to maximize the value of the company. Under this strategy, each company is growing constantly and some of them such as GIECO and Nebraska Furniture Mart are the major layer in the industry.
According to this concept the asset is recorded in the books of accounts at the price paid for it and not at its market value. For example: if a business entity purchases a building valued at $15 million from a friend for $12 million, this asset would be recorded at $12 million and not at $ 15 million, because for the business entity the cost was $12 million and not $15 million.
I have learned many lessons from Jack Welch on leadership. Jack Welch has been with the General Electric Company (GE) since 1960. Having taken over GE with a market capitalization of about $12 billion, Jack Welch turned it into one of the largest and most admired companies in the world by the time he stepped down as its CEO 20 years later, in 2000. Jack Welch used his uncanny instincts and unique leadership strategies to run GE, the most complex organization in the world and increased its market value by more than $400 billion over two decades. He remains a highly regarded figure in business circles due to his innovative leadership style. Jack Welch demonstrated Kouzes and Posner’s five practices of modeling the way, inspiring a shared