Bill Gates and Warren Buffett Essay Example For Students

Bill Gates and Warren Buffett Essay In business world the manager is a leader of the company that leads his/her employees to success and happiness. Being qualified for this positions one must have these aspects, aggressive, motivated, risk taker, respectful and trustworthy. One who has these qualifies is a successful manager. Two people in this world that clearly showed these qualifications are Bill Gates and Warren Buffett. They are the two of smartest, wealthiest and goal oriented people on this planet. They both succeeded in two different areas but both had the same aspects in being a manager of their company. The video Warren Buffett and Bill Gates on Success was with Bill Gates and Warren Buffett answering questions at University of Washington School of Business about their success and helpful tips they have learned for future successful business men and women. The video showed many aspects that gave knowledge and practices for everyone to use to become a successful manager and having a successful company. They both were very friendly and out-going with the audience which showed that what they are doing is what they really enjoy. Warren Buffett and Bill Gates are two who are admire and looked up to millions of people worldwide by their knowledge and their success they have today. Bill gates and Warren Buffett are the two most successful people in the United States some might even call them the American folk hero. Bill Gates has an aggressive, winner-takes-all attitude; he transformed Microsoft, a small niche company, into the most influential company in the computer industry and the world for that matter. Hes driven, intelligent and doesnt apologize for the fact that he can take you down in a flash. He is also the co-founder and chairman of Microsoft, the worlds largest and most powerful (and most profitable) software company. And by the way, he is the richest man on the planet with an estimated fortune of $70 billion US (as of November 2000). (http://www.askmen.com/men/business_politics/33_bill_gates.html) Warren Buffett came from a small town and made it big without losing sight of his roots in the process. Even though he is a billionaire many times over, he still lives in the same house he bought before he was rich and is considered an all-around good guy. Hes tough but modest, and for that we salute him. He turned his company, Berkshire Hathaway, almost single-handedly over the last 30 years, into a Fortune 500 powerhouse. He has amassed a personal fortune of $36 billion dollars and is considered the most successful investor of all-time. (http://www.askmen.com/men/business_politics/43c_warren_buffett.html)The video Warren Buffett and Bill Gates on Success was with Bill Gates and Warren Buffett at University of Washington School of Business answering questions from audience about their lives, their success, and company skills. They talked and touched on many important skills and aspects to implement as a good manager of your company. There were many important aspects that can be learned from the review of the video. The three most important aspects from the video were love what your do, surround yourself with people whom you respect and trust, and be willing to take risks. The first aspect learned from the video is love what you do. When working with a company or anything you must love what your do or you will not be able to put one hundred percent of your focus, effort, and skill into doing your job. Loving your job is the best feeling in the world because you are doing something that fulfills happiness and maybe even entertainment while being paid for it. Bill gates and Warren Buffett are one of the two most wealthiest people in the world and still put one hundred percent focus, effort, and skill into there job not because of the paycheck because they already have billions of dollars but also because they love what the do and get up each morning loving their job and the every day to day task and experience. There are millions of people all over the country that do not love what they do which really hurts their work progress and success in the business world. When you look at the Theory X, it states that workers are lazy, not motivated, slow, and low productivity. This is a major result of not loving what you do. Not loving what you do will cause you to fall under the Theory X and labeled as a lazy worker. The video teaches us to love what you do and what will follow is success and happiness. Salem Witch Trials. EssayAnother aspect that the video taught that as a manager I would implement is to be a role model and or leader. When youre a manager of a company you have some or even many employees under you that look up to you as a role model. This is true but you are also a leader to them. They listen to you and follow you as you guide them and lead them to success. This aspect can also be combine with the aspect of love what you do. This is because as a manager I must love what I do because I have many co-workers and employees that look up to me hoping and working hard will to get to my position to lead others. Therefore I am a role model and leader to the other co-workers and employees of my company. Another aspect this overlaps of the important aspects of the video and that is to surround yourself with people whom you respect and trust. By when other employees sees you respecting and trusting everyone around yourself equality they take note of that. They see someone wh o will succeed and lead them to success and this become one of their goals to get to your position. I as a manager will become a role model to the other co-workers and employees. There are many important aspects for a manager that the video could not cover in the one hour of tape. In the class we discussed about many important aspects also. There is one important aspect and or skill a successful manager should have that the video touch on a little but not all of it and that is emotional intelligence. Emotional intelligence is the ability to connect with people and understand their emotions. Emotional intelligence can be broken down into five key factors they are self-awareness, self-regulation, motivation, empathy, and social skill. The video talked about one of them a little and that is motivation. The other four are very important too. The first one is self-awareness which is to understand your own moods, emotions, and needs, as well as their impact on others. Second one is self-r egulation which is to control impulsiveness, calming down anxiety, and reaching with appropriate anger to situations. Third is motivation which is a passion to work for reasons in addition to money and status. The four is empathy which is to understand and respond to the unspoken feelings of others. And last is social skill which is competency in managing relationships, building networks of support, and having a positive relationship with people. These five factors of emotional intelligence is a very important aspect to a successful manager because it is the key factors in dealing with people and developing relations with the people and keeping the relations strong and long. As a manager of my company emotional intelligence is a very important aspect in having a successful company. To be a successful manager one must have the knowledge of all the aspects that were discussed throughout the paper. Warren Buffett and Bill Gates are perfect examples of successful managers. They clearly showed important aspects to be a successful manager and that is loving what you do, surrounding themselves with people whom they respect and trusted, emotional intelligence and were willing to take risks. Their success has motivated and inspired millions to succeed in their company and in their lives. Today in the business world there are many successful business men and women that succeed in their own areas of business. The main reasons of their success are of their aspects on managing their company from taking risks to motivation and commitment. A successful manager is also a leader to the other co-workers and employees of the company; he/she must guide and lead them to success and happiness. Work Cited1. No author. (2004, November) Man of the week. Online Available: http://www.askmen.com/men/business_politics/33_bill_gates.html/. November 28, 2004. 2. No author. (2004, November) Man of the week. Online Available: http://www.askmen.com/men/business_politics/43c_warren_buffett.html./ November 28, 2004.