100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Summary The Leadership Style of Warren Buffett.docx The Leadership of Warren Buffett Grand Canyon University: MGT 420 Warren Buffett is a prolific investor, philanthropist, and chief executive officer of Berkshire Hathaway who is currently the worlds third wea$5.49
Add to cart
Summary The Leadership Style of Warren Buffett.docx The Leadership of Warren Buffett Grand Canyon University: MGT 420 Warren Buffett is a prolific investor, philanthropist, and chief executive officer of Berkshire Hathaway who is currently the worlds third wea
8 views 0 purchase
Course
GCU
Institution
Grand Canyon University
The Leadership Style of Warren B The Leadership of Warren Buffett Grand Canyon University: MGT 420 Warren Buffett is a prolific investor, philanthropist, and chief executive officer of Berkshire Hathaway who is currently the worlds third wealthiest individual with a net worth of 76 billion dolla...
the leadership style of warren buffettdocx the leadership of warren buffett grand canyon university mgt 420 warren buffett is a prolific investor
and chief executive officer of ber
Written for
Grand Canyon University
GCU
All documents for this subject (708)
Seller
Follow
helperatsof1
Reviews received
Content preview
THE LEADERSHIP OF WARREN BUFFETT 1
The Leadership of Warren Buffett
Grand Canyon University: MGT 420
, THE LEADERSHIP OF WARREN BUFFETT 2
Warren Buffett is a prolific investor, philanthropist, and chief executive officer of
Berkshire Hathaway who is currently the world’s third wealthiest individual with a net worth of
76 billion dollars (Forbes, 2020). Buffett has long been a paragon of the investment and
philanthropy community, and his company has bought assets in media organizations such as The
Washington Post, insurance companies like GEICO, and the oil industry (Biography.com, 2020).
He has been a leader with incredible entrepreneurial spirit and financial acumen since 1943,
when he owned a paperboy business at the age of 13. Over the nearly eight decades since his first
business venture, Warren Buffett has honed his particularly effective style of leadership.
The development of Warrant Buffett as a leader was an intentional one, wherein the
“Oracle of Omaha,” as he was called, made a conscious effort to consistently learn and transform
himself into a leader with integrity and character (Kelly, 2013). This is an example of complexity
leadership, wherein the leader is capable of a high degree of adaptability in complex systems, as
well as contingency leadership theory, which states that leader style or behavior effectiveness is
dependent upon the situation (Uhl-Bien, Schermerhorn, &Osborn, 2014). Over the course of his
career, Buffett showed characteristics emphasized in Burns’s theory on transformational
leadership, wherein the leader considers their followers; motivations, needs, and goals when
deciding how to apply their power (Uhl-Bien, Schermerhorn, &Osborn, 2014).There are also
indications through personal accounts that Buffet engages in high-quality leader-member
exchange (LMX) relationships with his subordinates that also emphasizes a shared leadership
approach by allowing distinctive leaders to work together to achieve shared group and
organizational goals (Uhl-Bien, Schermerhorn, &Osborn, 2014). Many who have dealt with the
man on a personal level describe him as engaging and charismatic (Gates, 1996). Some of his
greatest achievements are tied to his philanthropic endeavors, such as his promise to donate a
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller helperatsof1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.49. You're not tied to anything after your purchase.
