Berkshire Beyond Buffett: The Enduring Value of Values by Lawrence A. Cunningham

By Lawrence A. Cunningham

Berkshire Hathaway, the $300+ billion conglomerate that Warren Buffett outfitted, is likely one of the world's biggest and most renowned enterprises. but, for all its energy and big name, few humans comprehend Berkshire, and plenty of think it can't continue to exist with no Buffett. This e-book proves that assumption mistaken.

In a finished portrait of the specified company tradition that unites and sustains Berkshire's fifty direct subsidiaries, Lawrence A. Cunningham finds the features that advertise the conglomerate's perpetual prosperity.

Riveting tales recount every one subsidiary's origins, triumphs, and trip to Berkshire and show the innovations managers use to generate monetary worth from intangible values, similar to thrift, integrity, entrepreneurship, autonomy, and a feeling of permanence.

Rich with classes for these wishing to benefit from the Berkshire version, this attractive publication is a helpful learn for marketers, enterprise proprietors, managers, and traders, and it makes a huge source for students of company stewardship.

Berkshire past Buffett explores not just what is going to occur to Berkshire after Buffett, yet provides all of Berkshire in the back of Buffett, the inspiring managerial luminaries, leading edge marketers, and devotees of deep values that outline this esteemed organization.

General readers will get pleasure from studying how an iconoclastic businessman reworked a suffering cloth corporation right into a company fort destined to be his lasting legacy.

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Investments and operations will be managed by leaders chosen from a group of current Berkshire executives, all accomplished and capable, though taking on jobs more daunting than that Buffett has faced, given his deep involvement in each step of building Berkshire. Part III draws lessons for Buffett’s successors and offers takeaways from Berkshire’s experience for those outside it, including businesses that would like to emulate the Berkshire model. People question Berkshire’s staying power for the wrong reasons.

Once the Buffett Partnership gained a controlling interest in Berkshire stock, the Stantons resigned from management. Buffett was elected a director, and the board named Ken Chace president. The local press portrayed Buffett’s acquisition of Berkshire Hathaway as a hostile bid, stoking rumors that he was a takeover artist prepared to hasten the liquidation of the struggling company. Buffett recoiled at having a reputation as a liquidator and took pains to avoid acting like one. Yet Berkshire’s textile operations continued to decline for years as the forces of globalization hammered the industry.

W. , Freddie Mac, McDonald’s, The Walt Disney Company). Investments strengthen Berkshire’s fortress but, as with the insurers, they are only part of the story. What, then, is Berkshire’s moat? The answer: Berkshire’s distinctive corporate culture. Berkshire spent the last five decades acquiring a group of wholly owned subsidiaries of bewildering variety but united by a set of distinctive core values. The result is a corporate culture unlike any other. And this is Berkshire’s moat. Berkshire’s culture offers value in its business acquisitions, and this enhances Berkshire’s competitive position versus rival buyers.

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