A company’s mission statement identifies its offerings and the ethical grounds through which it systematically works to deliver these offerings. It also identifies the potential growth of the company in a strategic manner. A mission statement for berkshire hathaway is a brief and comprehensive statement identifying the essence of the business, its future goals, and how it plans to achieve them.
The berkshire hathaway mission statement is a holding firm owned by Warren Buffett that invests in various companies in different industries. Its subsidiaries include primary and reinsurance insurance operations, railroad transport company, and a collection of utility and energy-producing and distribution companies. The most significant of these are GEICO, National Indemnity, Marmon Group, McLane Company, and MidAmerican Energy. Other significant holdings are BNSF Railway and Berkshire Hathaway Energy.
Unraveling the Berkshire Hathaway Mission Statement: Building Long-Term Value through Diverse Investments
Berkshire’s noninsurance businesses include furniture stores Nebraska Furniture Mart, R.C. Willey Home Furnishings, and Star Furniture; fine jewellery stores Borsheim’s and Helzberg Diamond Shops; and footwear stores Jordon’s and Justin Brands. The company is one of the largest investors in the United States and has a massive cash reserve.
The company’s vision statement is to “Deliver the right parts exactly on time, exceed internal and external customer requirements through continuous improvement, and provide a place for hard-working, dedicated, knowledgeable, and ethical people who believe in the company.” Its objectives are attainable, which means that although they challenge employees and push them outside their comfort zones, they are still possible to achieve within the specified time frame.