When it comes to becoming a power investor there is no better example of success then Warren Buffett, both in terms of his investment knowledge and the way that he runs his companies. This is the prime example of the American dream, and there are many who want to learn how to invest just like Warren Buffett does. But if you are in American business there is also another notable thing about Warren, and that is his management style which has been written about in countless books.
Warren Buffett has a free reign management style, and as such he expects his employees to be able to navigate with little guidance or direction from corporate officials. He is known to employ knowledgeable CEOs in his company who are able to find companies to acquire and figure out what to do without the need of consulting with him. This management style is key to running a successful organization because when you don’t have to babysit those who are underneath you there is more opportunity to close deals. Warren Buffett has a key management style, and this is one of the best management techniques to have in the long run because your company will be self-sufficient.
This is not to say that the free-reign management style is without errors, because employees still need to understand the confines of their job title. But, with the way that Warren Buffett has structured Berkshire Hathaway he has some of the best minds in the industry searching to different companies to acquire and with the $116 billion war chest behind them they are pretty much able to grab any company that they want. This free reign approach to management is really worth investigating, and Warren Buffett has a fifty year career that is built on these successful principles.