Remove Bureaucracy Remove Finance Remove Marketing Remove Talent Management
article thumbnail

Warren Buffett's 2010 Shareholder Letter: What to Expect

Harvard Business Review

Create a corporate culture that admits problems and maximizes talent : Buffett allocates capital, monitors enterprise risk, chooses the managers, and sets their compensation. Berkshire's talented managers get the P&L independence to run their own businesses. He annually reports on his own mistakes.

Letter 14