Berkshire Hathaway Mission & Vision Statement Analysis

Established in 1839 by Oliver Chace as the Valley Falls, Rhode Island, Berkshire Hathaway traces its roots in a textile manufacturing company. However, things have changed since then, and as of now, Berkshire Hathaway is a holding company for various businesses that including Fruit of the Loom and GEICO. Its chair and CEO is Warren Buffet, and it is currently headquartered in Omaha, Neb. Warren Buffet has been Berkshire Hathaway’s “value” investor since the 1960s. With a market capitalization of $600 billion, it is one the largest companies worldwide that is publicly traded.

MISSION Statement

“To deliver the right parts on time and exceed all the internal and external customer requirements through continuous improvement. To provide a place for people who are hardworking, knowledgeable, dedicated, knowledgeable, and ethical who have a firm belief in the company” – This is the mission statement of Berkshire Hathaway, placing control and leadership at the forefront of it all. It has two main parts:

1. To exceed expectation
2. To improve life

With the business model that Berkshire Hathaway employs, its activities are numerous. Since it has a lot of activities going it has to be dynamic and proactive to achieve more while meeting customers; needs as exceeding customer expectation is one of its main components all these are absolute necessities. It aims to help in the growth of everyone it interacts with as well as its workforces, and it is quite evident throughout the time as Berkshire Hathaway’s mission statement puts extra focus on distinguished corporate governance that tries to provide for everyone.

Vision Statement

“To provide choice in communities for comprehensive real estate and financial solutions”- This is the vision statement that Berkshire Hathaway adopted. The main emphasis of the statement is on the dependability of the corporation. Again, there are two main components to this.

1. First choice as Provider
2. Finance Solutions

Berkshire Hathaway has ownership of many multinational companies garnering immense influence on various industries, and there is no doubt on that. The CEO, Warren Buffet, expresses the vest part in the form of how the firm identifies the customers’ needs and recommends them to go to the right places where they will find the best assistance. Moreover, people get to save money in the process.

Core Values Analysis

The core values of Berkshire Hathaway include:

• Authenticity
• Growth
• Empowerment
• Compassion
• Relationships
• Service

This corporation has high credibility, and it portrays how stable the company has been throughout the years, almost over a century. The core values of Berkshire Hathaway have enabled it to gradually expand its influence on the industry throughout the years, and its long-term relationship with different stakeholders all around the world has been admirable.

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References

• BERKSHIRE HATHAWAY INC. (n.d.). Berkshire Hathaway. https://www.berkshirehathaway.com/
• BRKB – Berkshire Hathaway Inc Shareholders – CNNMoney.com. (n.d.). Money.Cnn. https://money.cnn.com/quote/shareholders/shareholders.html?symb=BRKB&subView=institutional
• How Berkshire Hathaway Makes Money: insurance is largest revenue source. (2021, May 3). Investopedia. https://www.investopedia.com/how-berkshire-hathaway-makes-money-4801173
• Navin, J., Pesek, W., DeVries, H., Sherman, E., G., Team, F. W., Rotblut, C., Klebnikov, S., Flannery, R., G., Maurer, T., Flannery, R., Dowd, K., Peterson-Withorn, C., G., & Rotblut, C. (n.d.). Warren Buffett. Forbes. https://www.forbes.com/profile/warren-buffett/?sh=6346545e4639
• Wikipedia contributors. (2022, February 18). Berkshire Hathaway. Wikipedia. https://en.wikipedia.org/wiki/Berkshire_Hathaway