Public Role Model/Leadership Team PowerPoint Project100 PointsInformation collected by our team, on our leader and our point of view covering the following sections: Section One – Role Model/Leadership Definition (10 points) Section Two – Specific Role Model/Leader (10 points)
Section Three – Background (10 points)Section Four – Significant Contributions/Accomplishments (15 points) Section Five – Personal Inspiration (15 points)Section Six – Future Trends (25 points)Section Seven – References (15 points)Role Model/ Leader/ Specific Role Model : A person whose behavior, example, or success is or can be emulated by others, especially by younger people is defined as a Role Model. When you hear the words “role model”, who or what do you think of? In today’s society the typical answers we hear ranges from actors, musicians, athletes and, celebrities parents etc.
It’s very rare to find or hear of someone who isn’t glammed up by the social media to be a role model. However, we were able to selected an individual who not only impacted the world of finance, business, and even has dabbled into technology and has been recorded as one of the most richest man in the world ranked 2nd place but has also makes a direct impression on us as we further grow into the future business men and women of our time.
In this presentation we will discuss our role model Warren Buffett, go over his background professional career, what makes him unique and influential, discuss his accomplishments to the business and global community, and his philanthropist attributes followed by a small video clipping and summary of how this man set the stage for what happens next for future trends in the world of business. Background: In America the 1930s was an era where money was scarce because of the Great Depression.
The past time of that moment was centered on the movies, the drive in theatres, Hollywood was just a baby, parlor games and board games were popular and considered the new social activities, and people gathered around radio as entertainment. Who knew that during this time in Omaha, Nebraska, one of the greatest financial minds was born. Warren Edward Buffet the second of three children and only son of U.S. Representative Howard Buffett was literally born for numbers.
Even as a child, Buffett displayed an interest in making and saving money. Coming from a family who owned their own business the young Buffett worked in his grandfather’s grocery store where he went door to door selling chewing gum, Coca-Cola, or weekly magazines. It was here where he then filed his first income tax return in 1944; Buffett took a $35 deduction for the use of his bicycle and watch on his paper route. Later on in 1945, in his sophomore year of high school, Buffett and a friend spent $25 to purchase a used pinball machine, which they placed in the local barber shop. Within months, they owned several machines in different barber shops.
This then paved the way for him to pursue a career and major in Economics receiving his Masters of Sciences in Economics – University of Nebraska Lincoln Colombia School of Business. Professionalism of Warren Buffett: “If you put off everything till you’re sure of it, you’ll never get anything done.” Norman Vincent Peale This quote speaks volumes not only does it relate to the topic at hand but it sends a message that in life there are no guarantee, you’ll never know until you go off and do it.
This was definitely a philosophy that Edward Buffett practiced. His professional life shows how one moves up the ladder in a career. During the 1951–54 at Buffett-Falk & Co he worked as an investment salesman which later on 1954–1956 lead to a position at Graham-Newman Corp., New York as a securities analyst. Which opened doors for him based on his experience to be partnered during 1956–1969 at Buffett Partnership, Ltd., known as Berkshire Hathaway Inc., where he serves as Chairman, CEO making a lovely Salary-$100k annually and increasing is net worth to $53.5 Billion.
“Empty pockets never held anyone back. Only empty heads and empty hearts can do that.” Norman Vincent Peale. What is leader what is leadership? The dictionary defines leadership as a critical management skill; it is the ability to motivate a group of people toward a common goal.
These qualities play a very huge role whether the task that they are taking on is big or small. Leaders should know that creativity and innovation are the life of their organization. Some of the qualities that we find makes a leader are Confidence, Honesty and Respect, Passion, Drive/Focus, Shared vision and actions and Empowerment. Warren Buffet possesses these qualities and as a group we admire the most is his practicality. He doesn’t live in a huge mansion, doesn’t buy new cars and he claims that he never had a computer or calculator in his office.
When most people get a bit of money they immediately want to spend it on things that they don’t need. If you just purchase what you need instead of want you will have a lot more money to save and invest. Personally I am in the process of minimizing everything in my life and learning about Warren Buffet has let me know that i am on the right track. Significant Contributions/Accomplishments: Warren Buffett’s investing theories have been talked about by almost every business/finance writer and are a cottage industry all by itself.
But one he finds closest to reflecting his views is a book written by Larry Cunningham – ‘The Essays of Warren Buffett – Lessons for Corporate America’. Warren Buffett has contributed vastly on several foundations, but of his most supported and manage foundation is the Gates Foundations, which mission statement is to value equally all lives, they dedicate themselves to improve the quality of life for people worldwide, they take challenges on situations such extreme poverty, poor health and the failure of education in America.
He accomplish to build a foundation “The Giving Pledge” , which is a moral commitment to rich people that incentives them to donate 50% of their fortune to help with “philanthropic causes , education and charitable organizations” , several rich people have already donated and or pledge their donations. ( “US billionaires pledge 50% of their wealth to charity”. BBC. August 4, 2010. Retrieved September 6, 2010. )We seek to unlock the possibility inside every individual.
Family wise he accomplishes to teach his children his footsteps, and thru his teaching and his legacy, his children will be able to continue with his vision to not only invest but help those less fortunate thru their foundations. Inspiration: Warren Buffett possesses determination, practicality and dedication. His determination started from when he was a child to make a profit from whatever he was selling, whether it was chewing gum, soda, or pinball machines, was the foundation for his eagerness to succeed financially. He carried these qualities to his interest in the stock market and investing, his dedication made him a billionaire.
Future Trends: “Plant seeds of expectation in your mind; cultivate thoughts that anticipate achievement. Believe in yourself as being capable of overcoming all obstacles and weaknesses.”
This is a prime example of future trends and innovation practice. A lot of the changes we are living seeing and working through are changes all governed by business and the stock market. It’s becoming a very prevalent practice of hearing companies merging or being bought out due to public financial tragedy. Warren Buffett was the pioneer in showing this practice during the LTCM corporate bail out.
For example, his firm, Berkshire Hathaway, along with Goldman Sachs and American International Group, a giant insurance holding company, offered to buy out the shareholders for $250 million and put $3.75 billion into the fund as new capital. Had it been accepted, that offer would have ended the crisis without any involvement of the Federal Reserve.
This effect cause to have the Federal Reserved offer a better deal causing 15 prominent international banks and brokerage houses to invest causing the “knock on effect of fund to go into liquidation would have severely dented profits of banks which agreed to participate in the bail out.”. If the private sector cannot be saved then the government has to take the step in order to save our economy.