MGT 420 Topic 6 Assignment CLC - Contemporary Business Leaders ONLINE - Warren Buffett Grand Canyon

The definition of Leadership is the process of inspiring others to work hard to accomplished important task (Schermerhorn, J. (2011) Page 224). Mr. Warren Buffett in my opinion took the third contingency leadership approach. He isanAchievement-oriented leadership: Setting challenging goals; expecting thehighest levels of performance; emphasizing continuous improvement inperformance; displaying confidence in meeting high standards.(Schermerhorn, J. (2011) Page 231). He amplified the five core principles for meeting the challenges of visionary leadership (1) Challenge the process: Be a pioneer—encourage innovation and support people who have ideas. (2) Be enthusiastic: Inspire others through personal enthusiasm to share in a common vision. (3) Help others to act: Be a team player and