Berkshire Hathaway Essay

Custom Student Mr. Teacher ENG 1001-04 30 August 2016

Berkshire Hathaway

Berkshire Hathaway Inc. is an American multinational conglomerate holding company, headquartered in Omaha, Nebraska, that oversees and manages a number of subsidiary companies. The company wholly owns Geico, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, and Netjets. It also owns half of Heinz and has significant minority holdings in American Express, Coca-Cola Company, Wells Fargo, IBM, and Restaurant Brands International. I have done a lot of research into Berkshire Hathaway and CEO Warren Buffet but have been unable to find a vision or mission statement. If I had to make up a vision statement that suitably fit Berkshire Hathaway it would be the following: “Berkshire Hathaway strives to be the best-recognized, most highly respected, and most influential conglomerate company in the world.”

The mission statement would be: “To provide top of the line services that significantly increase the growth of the company’s agents and affiliates.” I believe this fits this company perfectly because Berkshire Hathaway is notorious for its ingenious investing and services all thanks to a man named Warren Buffet who started out acquiring businesses. Buffet is one of the world’s wealthiest men and a key influencer in the financial market. He is Forbes’ number 33 most powerful people and ranked among Time Magazine’s most influential people.

His company was ranked number 1 in Barron’s 2013 ranking of the world’s 100 most respected companies, number 8 in Fortune Magazine’s 50 most admirable companies survey, number 18 in Harris Interactive’s reputation study of the 60 most visible companies, and Forbes’ fifth largest company in the world. In his 2013 letter to shareholders, Buffet spoke of his joy for working for such a successful company. He noted, “No CEO has it better; I truly do feel like tap dancing to work every day.” My vision and mission statement align appropriately with what Buffet has done and envisions for Berkshire Hathaway.

Stakeholders:
Internal-

Board Members: Warren Buffet, Charlie Munger, Walter Scott Jr., Thomas S. Murphy, Howard Graham Buffet, Ronald Olson, Donald Keough, Charlotte Guyman, Bill Gates, Steve Burke, Susan Decker, Susan Decker, and Meryl Witmer. Shareholders: “We think of our shareholders as owner-partners, and of ourselves as managing partners.” –Warren Buffet Employees: About 302,000 full-time employees.

External-

Customers: All over the globe, predominantly in North America. Media: Perceive the company in a certain way.
Subsidiaries: Geico, BNSF, Lubrizol, Dairy Queen, Fruit of the Loom, Helzberg Diamonds, FlightSafety International, ect. Communities: Omaha, Nebraska and other local communities. Government: Local and Federal Governments.

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