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Organizational Performance of Berkshire Hathaway

This assignment analyzes the organizational performance and strategies of Berkshire Hathaway.

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    Organizational Performance of Berkshire Hathaway 1 Organizational Performance of Berkshire Hathaway Student Name Course Name Date Instructor How does the organizational structure of Berkshire Hathaway contribute to its performance, and what are the potential drawbacks of its decentralized approach to management and communication? Provide specific examples from the company's operations and managerial style to support your answer. Word Count Requirement: 1500 - 2000 words

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    Organizational Performance of Berkshire Hathaway 2 Berkshire Hathaway: History Warren Buffett , considered the most successful investor of the 20 th century is the CEO, President and Chairman of Berkshire Hathaway. The company was initially into textile manufacturing before Buffett completely bought out the company. The textile business was continued for a while but after Berkshire’s expansion into the insurance business through purchasing National Indemnity Company and GEICO, the textile business was eventually stopped. Berkshire’s insurance business through GEICO is one of the major sources of free funds for the company’s further investments. Apart from its insurance business, Berkshire has also invested in the clothing business, building products, retail, flight services, media, food and beverage etc. Some of the famous it owns or has invested in includes Heinz, Mars Inc., Fruit of the Loom, American Express, Goldman Sachs and Lubrizol ( Abathi M., Eriksson J., Klotz A., Manera L., Sobolev S., 2012 - 13, Warren Buffett and Berkshire Hathaway’s acquisition of GEICO , Hult International Business School ) . Structure of Human relationships Berkshire Hathaway as a holding company has many subsidiaries spread across different business sectors. The structure of human relationships is a unique one in Berkshire Hathaway. There is a board of directors of the company headed by Buffett, then there is a small investment team at their headquarters in Omaha and lastly there is the management of each of Berkshire Hathaway’s subsidiaries. The structure of human relationship in the company is a very informal one. There are no strict regulations when it comes to interacting with the team at Omaha. Any management team can interact with Buffett or his team when need arises ( Larcker, D., Tayan, B., 2009, The Management of Berkshire Hathaway , Harvard Business Publishing) .

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