Berkshire Hathaway, the $300 billion conglomerate that Warren
Buffett built, is among the world's largest and most famous
corporations. Yet, for all its power and celebrity, few people
understand Berkshire, and many assume it cannot survive without
Buffett. This book proves that assumption wrong.
In a comprehensive portrait of the distinct corporate culture
that unites and sustains Berkshire's fifty direct subsidiaries,
Lawrence A. Cunningham unearths the traits that assure the
conglomerate's perpetual prosperity. Riveting stories recount each
subsidiary's origins, triumphs, and journey to Berkshire and reveal
the strategies managers use to generate economic value from
intangible values, such as thrift, integrity, entrepreneurship,
autonomy, and a sense of permanence.
Rich with lessons for those wishing to profit from the Berkshire
model, this engaging book is a valuable read for entrepreneurs,
business owners, managers, and investors, and it makes an important
resource for scholars of corporate stewardship. General readers
will enjoy learning how an iconoclastic businessman transformed a
struggling shirt company into a corporate fortress destined to be
his lasting legacy.
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