Sign In
Not register? Register Now!
Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
5 Sources
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 8.64
Topic:

MGT 401 Case: Management

Essay Instructions:

Assignment Instructions

It is hard to imagine shoes bigger to fill than those of Warren Buffet, the legendary founder of Berkshire Hathaway.  Very few investors in corporate history have ever had the golden touch of Mr. Buffet when it comes to consistently making wise and profitable investment choices.  He is now one of the world’s richest men with a net worth of over $40 billion, and his keen leadership at Berkshire Hathaway has made his business partners and investors wealthy as well. 

However, as he is now over 80 years old, it has become time for him and his top management team to come up with a succession plan. Some say his leadership style and decision-making processes can survive after he’s gone, although others say he will be impossible to replace. 

Do some research on Warren Buffet in the Trident library.  These articles will get you started: 

Life after Warren; Berkshire Hathaway. (2014, Apr 26). The Economist, 411, 14. [ProQuest] 

Guerrera, F., & Lemer, J. (2010). Corporate succession: Warren Buffett. FT.Com[ProQuest] 

When you have finished doing your research on Warren Buffet and reviewed the background materials on succession planning, write a 2 page paper addressing the following questions: 

  1. Do you think Berkshire Hathaway has done enough to prepare for succession, or should they have started preparing much earlier?
  2. What succession plan do you think is best for Berkshire Hathaway?  Possible options include, but are not limited to, putting Warren Buffet’s son in charge, choosing one of the top managers from Berkshire Hathaway, finding a talented CEO from another firm, or selling off the different companies within Berkshire Hathaway to other companies.

Assignment Expectations

  • Answer the assignment questions directly.
  • Stay focused on the precise assignment questions. Don't go off on tangents or devote a lot of space to general background materials.
  • List supporting references and cite sources in proper format.
  • Use appropriate writing style in essay form (organization, grammar, and spelling).

See our guidelines for more detail on referencing and writing expectations: http://support(dot)trident(dot)edu/files/Well-Written-Paper.pdf

Essay Sample Content Preview:

Management
Student:
Institution:

Do you think Berkshire Hathaway has done enough to prepare for succession, or should they have started preparing much earlier?
I don’t think the company has one enough in the preparation of the successor of Warren Buffet. Warren is considered the best CEO all over the world due to his incredible performance in his line of duty. He is the founder of Berkshire Hathaway and it is because of his effort that the company is where it is now (Guerrera, (2010). I still feel that Warren has left behind big shoes that cannot fit his successor at the moment. This makes the future of the company to be at balance as people are not sure if the company will still improve, retain its position or fail in the competitive market.
As the market is filled with competitors it might not be easy for the successor of Warren to maintain on the performance and this makes the shareholders of the company worried as they are no longer assured of their investment if Warren gets out of the company. This worries a lot as they may withdraw all their investments from the company after Warren exits thus this may lead to the liquidation of the company. The time taken to prepare the successor of Warren buffet is short and this makes many be worried about their return on investments (Mahler, 2004).
It will take a lot of time for the successor of Warren to fit on the shoes of Warren Buffet as this CEO is the best and had the best knowledge ever that enable to sail in the market forcing even their competitors to exit the market due to the stiff competition that he gave them. Warren knew where to invest and where not. He also knew well about the market trends and could make profit where others were i...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

πŸ‘€ Other Visitors are Viewing These APA Essay Samples:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now