Organizational Culture and Berkshire Hathaway - 5269 Words

BANKING ACADEMY OF VIETNAM BTEC HND IN BUSINESS (ACCOUNTING) ASSIGNMENT COVER SHEET NAME OF STUDENT Hoang Nang Le Minh REGISTRATION NO. F06 - 090 UNIT TITLE Unit 3: Organisations and Behaviour ASSIGNMENT TITLE Berkshire Hathaway ASSIGNMENT NO 1 of 2 NAME OF ASSESSOR Ms Le Thu Hanh SUBMISSION DEADLINE I, ___________Minh_______________ hereby confirm that this assignment is my own work and not copied or plagiarized from any source. I have referenced the sources from which information is obtained by me for this assignment. _______________Minh_________________ _________________________ Signature†¦show more content†¦His purchase of the National Indemnity Company marked the company’s first venture into the insurance market, which proved to be very successful. The last Berkshire Hathaway plant was closed in 1985. Buffett continued to direct Berkshire Hathaway into other investments, which led them to owning brands such as Dairy Queen, Clayton Homes and MidAmerican Energy Holdings. Currently, Berkshire Hathaway stands as the most respected company (Forbes 2007) and currently has the world’s richest man as its CEO and largest shareholder. Berkshire Hathaway is also one of the few companies that have reached the $100,000 share price. Note as of 2012: Berkshire Hathaway (Berkshire or the group) is diversified holding company engaged primarily in the provision of insurance and reinsurance products and services. Additionally, the group is engaged in non-insurance businesses including utilities and energy, finance, manufacturing, service and retailing. Berkshire has overall 76 operating businesses. The group primarily operates in the US. It is headquartered in Omaha, Nebraska and employs 270,858 people. The group recorded revenues of $143,688 million in the financial year ended December 2011 (FY2011), an increase of 5.5% over FY2010. The operating profit of the group was $15,314 million in FY2011, a decrease of 19.6% over FY2010. The net profit wasShow MoreRelatedThe Background And Organizational Framework Of Berkshire Hathaway1850 Words   |  8 Pages ORGANIZATIONAL DIVERSITY OR LACK THEREOF Berhshire-Hathaway is owned by one of the richest men in America. Berkshire-Hathaway is a holding company that owns many different companies. According to Reuter (2015), Berkshire Hathaway is made up of companies that if they were independent, nine of them would be among the Fortune 500. So, it is hard to believe that this company is the worst company on diversity efforts as of 2013! This paper will describe and examine the following: the background andRead MoreSwot Analysis Of Warren Buffetts Company1932 Words   |  8 PagesThe company started in 1888 by Horatio Hathaway, he traded items from China and having profits in the pacific. After the depression, in the 1950s Seabury Stanton who had put so much money into the company decided to merge the companies with Berkshire Fine Spinning Associates Inc, who was a milling company that had been around since the 19th century. The merge was huge, increasing the plants and employees and having revenue over 120 million dollars. By the end of the 1950s, the company started closingRead MoreCorporate Culture Into Talent Management1656 Words   |  7 PagesGE and Berkshire Hathaway When it comes to articulating one company that has been excellent in aligning human capital with strategy is GE. T-Mobile can find an excellent example of GE’s six principles identified as the key to their success. These include: Aligning recruiting efforts with strategy; making sure the company’s talent management practices fit with each other; making deliberate effort to embed corporate culture into talent management processes such as hiring methods and leadership development;Read MoreThe Ethics Of Business Ethics1586 Words   |  7 PagesBusiness ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company s culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business env ironments are created with foundations of integrity, accountabilityRead MoreIs Berkshire Hathaway A Slow Process? Essay1333 Words   |  6 PagesChanging the previously established culture of men working and women maintaining the family and home is a slow process, but it has not been completely in vain. Today, women make up 104 members of the United States Congress and 26 CEOs of Fortune 500 companies. However, the 104 members make up only 19% of Congress and the 26 CEOs represent approximately 5% of the Fortune 500 companies. Evidence such as this is indicative that women in the workplace continue to struggle with the metaphorical glassRead MoreBusiness Ethics, Corporate Social Responsibility, Integrity, And Integrity1318 Words   |  6 Pagesoutlined so as to create a guideline for action within. These goals allow employees to act within a larger organizational structure in order to fully contribute not only on a departmental level, but also on the larger organizational level. E ach one of them should be able to recognize their personal level within the organization, as well as their place in the larger picture of achieving organizational goals and successes. Ethics in a university setting: In University units, a code of ethics helps achievingRead MoreCompany Analysis : Wells Fargo Essay1390 Words   |  6 Pageswell-run neighborhood-oriented bank with only modest aspirations for the rough-and-tumble world of Wall Street investment banking. That kind of folksy appeal attracted the attention of the billionaire investor Warren E. Buffett and his company, Berkshire Hathaway, the bank’s largest investor, with a 10 percent stake. Mr. Buffett’s imprimatur helped make Wells Fargo the nation’s most valuable bank. Selling more products to customers has been a driving force of the San Francisco company. Wells Fargo hadRead MoreAuthentic Leadership3391 Words   |  14 Pagesmost likely to emerge when high congruence with respect to the leader’s and followers’ actual, ought and ideal selves exists, contributing to high levels of trust, intimacy, cooperation and alignment of goals. Proposition 17b. In unconstrained organizational contexts where members view authenticity as a quality of their ideal selves, the most authentic members will assume the role of leader, with followers working in cooperation with the leader to achieve shared goals, including a positive ethicalRead MorePrimary Customer Segments : A Bank Offer A Package Of Bundled Products And Services For A Specific Monthly Fee Essay1882 Words   |  8 Pageswell-run neighborhood-oriented bank with only modest aspirations for the rough-and-tumble world of Wall Street investment banking. That kind of folksy appeal attracted the attention of the billionaire investor Warren E. Buffett and his company, Berkshire Hathaway, the bank’s largest investor, with a 10 percent stake. Mr. Buffett’s imprimatur helped make Wells Fargo the nation’s most valuable bank. Selling more products to customers has been a driving force of the San Francisco company. Wells Fargo hadRead MoreOrganizational Culture and Costco Essay3370 Words   |  14 PagesGroup 4 Jiaqi Ji, Kai Yang, Yuju Chien, Longyi Han, Uthum Kurukulasooriya – Wednesday section 24 Contents Abstract 2 Introduction 2 Cultural context 3 Organizational Culture 4 Affects of Organizational Culture 8 Team 4 Group dynamics 10 Bibliography 12 Abstract We chose Costco for our term paper because of the high opinion each of us had towards it. We are all a part of the Costco generation; it is a household name and we look to it as one of life’s necessities. Furthermore we