Leadership Qualities Of Warren Buffett

Leadership can be defined as the process of identifying a goal, motivating others, and make them to achieve the mutually goals (Giltinane, 2013). According to Humphreys (2002), successful leaders do this by applying their leadership knowledge and skills. A good leadership is not only good at management, but also use different leadership styles in different situations. A successful corporation must has a good leader who have the flexible ability which can provide a suitable leadership to make the company successful. Furthermore, there have no perfect leadership styles in the world. Different leader have different leadership styles which also have the different strengths and weaknesses (Ali & Waqar, 2013). Leaders need to consider

Leadership is the elaboration of group inspiration. One person entrusted as leader can implore the aid, and support of supporters in the accomplishment of a common mission. According to Gurdjian, Halbeisen, and Lane “Becoming a more effective leader often requires changing behavior. But although most companies recognize that this also means adjusting underlying mind-sets, too often these organizations are reluctant to address the root causes of why leaders act the way they do” (Gurdjian, Halbeisen, and Lane, 2014) However, today abundant businesses engross importance on the improvement of leaders. Some of the ultimate leaders were formerly followers, such as in instructive businesses. One aspect as leaders many have to contemplate in striving

"Leaders are people who are able to express themselves fully…they know who they are, what their strengths and weaknesses are, and how to fully deploy their strengths and compensate for their weaknesses. They also know what they want, why they want it, and how to communicate what they want to others in order to gain their cooperation and support. Finally they know how to achieve their goals" (Ingram, 2004).

Leadership is defined as ‘the process in which an individual influences the group of individuals to attain a common goal’. The goal is attained by mutual cooperation and cohesive behavior. A leader infuses a sense of positivity and directs others to reach the specified goal. Therefore for a person to be a successful leader they need to work hard to accomplish their goal and influence others to do the same. For greatest success and communication with their hierarchy they must be trustworthy and responsible. In addition, the person needs to be nice and approachable so that they can interact with others and are as approachable as possible. Although a leader must be approachable they still need to

The United States Marine Corps has been one of the most powerful military branches in the world for more than twenty-three decades. The most important things that have kept this organization as prestigious and powerful as it is are the famous leadership traits, leadership principles, corps values and the leaders that uphold those traits. Without these structures, this leadership hierarchy this “gun club” would not have lasted this long. The next thousand or so words will help explain those traits, principles and corps values that we hold so high.

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.

According to organisational behaviour by McShane, leadership is defined as influencing, motivating and enabling others to contribute towards the effectiveness and success of the organisation of which they are members (page 382, McShane).Becoming an effective leader depends on the leader’s leadership style. Successful leaders have vision and charisma, also the leader should have an ongoing personality, talkative, careful and self-disciplined. The leader must also have self-concept

From Mahatma Gandhi and Nelson Mandela’s charisma, to Winston Churchill and Martin Luther King’s intelligence and Steve Jobs’ analytical nature, there can be as numerous ways to lead as there are leaders (Crossman, 2010). Leadership is a hot debate both in the business world and other areas of the society. Throughout the world's, there have been as many leadership models as there have been their commentators (Burns & Peltason, 1966). Fortunately, psychologists and businesspersons have established useful frameworks that refer to the main ways of leadership.

“Leadership is the capacity to develop a vision that motivates others to move with a passion towards a common goal. Therefore, leadership is a process by which a person influences others to accomplish an objective and directs the organization in a way that makes it more cohesive and coherent” (Democracy, 2014). Apple CEO Tim Cook will predictably be compared to his antecedent Steve Jobs, but in one way, he 's greatly more like Bill Gates -- he has encouraged philanthropy at Apple (Stone, 2014). Under his leadership, Apple has become a much more socially aware company, working to enhance conditions in foreign factories and planning to reduce pollution caused by data centers and the devices themselves. In contrast to Tim’s leadership, a successful legend spread out at Microsoft Company where leader Bill Gates has many leadership qualities. One of the most important attributes is his capability to analyze, interpret, and be competent. His methodical intelligence is mentioned in his biography that corroborate of his abilities by scoring 1790 on an 1800 Harvard entrance exam (Stone, 2014). The excellent skills and mentality that Bill Gates has develop places him with to be one of the most powerful transformational leaders who motivate the crowds of whom he shares his vision.

In corporate America the term used to describe a person in a position of power is “Manager”. A leader can be a manager, but a manager is not necessarily a leader. Leaders motivate, challenge, and influence others to achieve goals. Great leaders have the necessary skills and attributes which allow them to connect with the team and organization. Being a leader is not the same as managing an organization. Leader’s posses the interpersonal skills needed to influence others to achieve a goal willingly. Leading is a major part of a manager’s job. Leaders do not need to be a manager to lead people, but managers must know how to lead as well as manage.

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.

This theory is based on the premise that there are certain personality characteristics that are essential for a person to possess in order to be a leader. The main emphasis is on what the person is in terms of a constellation of personality traits. This theory searches for that set of universal leadership traits that will assure success. Numerous traits have been suggested: courage, integrity, loyalty, charisma, ambition, intelligence, honesty, clairvoyance, persistence, arrogance, health, political skill, confidence and vision.

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.

For decade’s individuals, companies, and organizations have spent an unprecedented amount of money on researching, molding, modeling and working to define what a leader is and what characteristics make successful leaders. Despite all the research, there is not a quick answer or even full agreement as to what makes an individual an effective leader. The definition of a leader is “someone who can influence others and who has managerial authority.” (Robbins, Decenzo, Coulter, 2015. P.370)

The leader must inspire engage employees, prescribe a common vision, choose a direction to take and encourage them to follow him. The whole team needs to continue and share the same goals and objectives. One could say that this style of leadership is the most effective of all, especially in large organizations. Nelson Mandela was one of the greatest leaders in history, great freedom fighter and