By Laurie Kulikowski
Dallas, Texas – 1/1/2012:
A key component to Buffett’s staying power is the fact that he doesn’t make uninformed decisions, observers say. While not all of his acquisitions have, at first, been home runs, none were made on a whim or without the best knowledge and information available at the time, observers say. “Diversification of a business operation through adding a new division and or product line needs to be clearly thought out and understood,” says Thomas Bonney, founder and managing director of CMF Associates, a consulting firm to private equity portfolio companies and other small to midsize businesses.
Great leaders such as Buffett have “stick-to-it-iveness,” says Nicholas Turner, co-CEO of executive search firm Kaye/Bassman International. “Although a lot of the decisions that he has made have been questioned or challenged, he obviously has a history of making decisions [within] peaks and valleys in the journey, ultimately being fruitful,” Turner says.
Even when the grass got greener, Buffett has stayed the course, because he knew why he made that decision in the first place, Turner says. “It’s too easy for a small-business owner to let go of [their vision or goal] when the road gets rough … whereas had they stuck to it because they had a logical and well-thought out plan, in the end the process would have been very successful,” he adds.
Founded in 1981, Kaye/Bassman has grown to become the largest single-site executive search and recruitment firm in the United States with the simple mission of impacting companies and enhancing careers by providing the finest in professional, executive, technical and scientific search. Kaye/Bassman provides strategic recruiting and executive search solutions in over 20 industry practice areas including construction recruiting, healthcare recruiting, banking executive search, energy recruitment and many more. Next Level Recruiting Training, a recruiting training organization, Next Level Exchange, a recruiting training best practices information exchange, and Next Level Marketing Communications are also Kaye/Bassman companies.
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