Question: Answer typed not handwritten Read carefully on Warren Buffet 1-Which elements of this case might involve humanitarian awareness? 2- Which elements illustrate acting ethically in


Answer typed not handwritten
Read carefully on Warren Buffet
1-Which elements of this case might involve humanitarian awareness?
2- Which elements illustrate acting ethically in the interest of establishing a good reputation and a positive goodwill?
3- What would acting ethically and with personal integrity in this case look like?
4- Give an example of long term business perspective philosophy.
5- Give an example of social responsibility awareness.
Warren Buffet, whom many consider the most successful investor of all time, is an exemplar of business excellence as well as a good potential role model for professionals of integrity and the art of thinking long term. He had the following to say: Ultimately, there's one investment that supersedes all others: Invest in yourself. Nobody can take away what you've got in yourself, and everybody has potential they haven't used yet. ... You'll have a much more rewarding life not only in terms of how much money you make, but how much fun you have out of life; you'll make more friends the more interesting person you are, so go to it, invest in yourself. The primary principle under which Buffett instructs managers to operate is: Do nothing you would not be happy to have an unfriendly but intelligent reporter write about on the front page newspaper." This is a very simple and practical guide to encouraging ethical business behavior on a personal level. Buffett offers another, equally wise, principle: Lose money for the firm, even a lot of money, and I will be understanding; lose reputation for the firm, even a shred of reputation, and I will be ruthless." As we saw in the example of Toyota, the importance of establishing and maintaining trust in the long term cannot be underestimatedStep by Step Solution
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