BANKING ACADEMY OF VIETNAM Essay

indicateBerkshire Hatha behavior is a berthnership that was initi whole(a)y set up as a stuff manufacturer in 1839 by Oliver Chace. During that time, the confederacy was ground in vale Falls, Rhode Island and operated under the adduce Valley Falls Comp some(prenominal). It last merged with and utilise the appoint of a nonher textile manufacturer, Berkshire Fine Spinning Associates (originally Berkshire Cotton Manufacturing Company, which was sales boothd in Massachusetts).The Hatha care name became part of the ac conjunction in 1955, when a fusion between the Hathaway Manufacturing Company and Berkshire was successfully agreed on. The Hathaway Manufacturing Company was then a textile tune that successfully re guaranteeed from the textile decline and the all-encompassing Depression. The merger resulted in the gild relocating its headquarters to New Bedford, Massachusetts and ins rangyment 15 factories that employed e realw here(predicate) 12,000 labourers. Howeve r, as the demand for textile move to dwindle, s notwithstanding of these locations finally unappealing down with huge layoffs solely non before it surpassed $120 million in tax revenue.rabbit warren Buffett, the man who would choke Berkshire Hathaways chief operating officer, came into the picture in 1962, when he started purchasing Berkshire Hathaway sh bes. He was eventually able to buy enough sh ars to allow him to change the trouble and eventually gain authority of the club.During rabbit warren Buffetts time, he still unploughed the bon tons textile milling crease but eventually, the confederacy started investing in the indemnification industry among otherwisewise things. His purchase of the bailiwick Indemnity Company marked the companys first ship into the insurance commercialize, which proved to be precise successful. The last Berkshire Hathaway plant was closed in 1985. Buffett continued to direct Berkshire Hathaway into other investments, which led them to owning brands such as Dairy Queen, Clayton Homes and MidAmeri cease Energy Holdings.Currently, Berkshire Hathaway stands as the most respected company (Forbes 2007) and before long has the beingnesss richest man as its chief executive officer and largest sh beholder. Berkshire Hathaway is besides unity of the few companies that nurse r to each oneed the $100,000 sh be price. measure as of 2012Berkshire Hathaway (Berkshire or the group) is diversify holding company engaged primarily in the provision of insurance and reinsurance products and go. Additionally, the group is engaged in non-insurance concernes including utilities and energy, finance, manufacturing, service and retailing. Berkshire has overall 76 run businesses. The group primarily operates in the US. It is headquartered in Omaha, Nebraska and employs 270,858 mickle. The group save revenues of $143,688 million in the financial year ended December 2011 (FY2011), an append of 5.5% over FY2010. The operating p rofit of the group was $15,314 million in FY2011, a decrease of 19.6% over FY2010. The net profit was $10,254 million in FY2011, a decrease of 20.9% over FY2010.The make-upal chart is as followsCompany Viet Tien clip enounce prank crapper Vtec (Vietnam) Founders Sam Bao Tai application groomHistoryOriginally, the company was a private turn factory for Thai Binduong engine room Company trading as Pacific Enterprise. There argon 8 shareholder capital contributions by Mr. Bao Tai Ginseng a Chinese businessman who acts as director. The factory area of 1,513 meter square with 65 sewing machines and intimately 100 piece of workers.After the cope liberation of the south, the introduce takeover, nationalised and then assigned the Ministry of Light Industry ( like a shot the Ministry of Industry) to falsify. In 1977, the Ministry of Industry recognise as state-owned enterprises and renamed the Viet Tien clip Factory.In 1979, the factory burn and was a score loss. Getti ng dish from other units, enthusiasm attached to workers and with the leadership of Viet Tien, the business was put back into operation and increasingly asserted its position on the market.Thanks to bulky efforts, the 103/CNN/TCLD discretion was disposed by the Ministry of Industry Enterprise. The Ministry of Industry Enterprise accepted and up labeld Tien garb company statues. In 1991, the Ministry of foreign sparing relations of import and export license directly with foreign name is VIET TIEN GARMENT IMPORT-EXPORT COMPANY, abbreviated as VTEC (by license number on 102570 05/02/1991). In 1993, the company establishment licensing number 214/CNN-TCLD was given.Before 1995, the direct vigilance the company is producing the nations garments. In May 1977, it was rename Viet Tien cloak Enterprise. With the growth of the garment sector, the enterprise was change into a company and later a corporation. The name Viet Tien (Vietnam advancing forward) was kept under the wishes of the staff.At the request of the Vietnam material and primp Group in motif No. 01 28/TDDM-TCLD in 2007 and the scheme of establishment of the companys proposed May Vietnam Tien.Theo Organization section Personnel decisions to Establish Vietnam Tien Garment Corporation on the priming coat of shake-up Vietnam Tien Garment Company under the Vietnam Textile and Garment Group.Vietnam Tien Garment Corporation operating as a parent company subsidiary dictated in the grammatical construction of the Vietnam Textile and Garment Group. The Vietnamese name given as Corporations Vietnam Tien Garment Joint line and the International Trade name Viettien Garment Corporation (VTEC). At present VTEC has six enterprise and 14 affiliates over 20,000 workers. It specialises in the manufacturing of garments and the trading of maters and accessories for the garment sector, equipment and comp binglents, and import-export services. Its products are diverse and are sold at over 20 shops and 300 agents throughout the country.Note As of 2012Viet Tien garment Joint Stock Company set up since 1976, is now a production and trade company belonging to VINATEX, specialising in garment manufacture, trade of equipment, materials & accessories for garment industry. The company presently carries out business proceeding with to a greater extent than 60 customers in 20 countries over the world Asia, Europe, USA, Australia and trade union America, etc.Specialises in shirts, trousers, suit, blouses, jackets, denim suits, coats, sweaters, trading in industrial garment Trading in electric, audio, light equipment, Forwarding, Shipping agency.KEY EmployeesSourceshttp//www.thehistoryof integrated.com/companies-by-industry/finance/berkshire-hathaway-corporations-history/ http//www.marketline.com/ ref 07E69A79-DC43-4A40-B015-C2C489E9E28Fhttp//www.viettien.com.vn/modules.php?name=Content&op character=viewcontent&mcid=128&menuid=12 http//en. recents.vn/economy/company-and-names/23351-viet-tien-a-stro ng-brand-name-in-the-garment-sector.htmlWith reference to the above case (you are strongly advice to look into the above company), you are to research and tally to Viet Tien Garment. Prepare a brief report, citing relevant research, which addresses the following delegatesTask 1Compare and line the polar organisational structures and flori socialisation between Berkshire Hathaway and Viet Tien Garment1.1 explicate how the kinship between Berkshire Hathaway structure and socialisation grass dissemble on the murder of the business1.2 Discuss the factors which deviate individual behaviour at Berkshire Hathaway OR Viet Tien Garment.1.3This part of your report should non exceed some(prenominal) than 1,000 words. Diagrams, charts, tables and appendixes are not to be included in the word count.Task 2Using research and the facts presented in the caseCompare the intensity of diverse leadership hyphens with Berkshire Hathaway and to Viet Tien Garment2.1 beg off how organisati onal system underpins the dress of management for with Berkshire Hathaway2.2 pass judgment the polar flackes to management employ by two organizations (Berkshire Hathaway and to Viet Tien Garment).2.3This part of your report should not exceed more than 1,500 words. Diagrams,charts, tables and appendixes are not to be included in the word count.scoringPassis achieved by opposition all the requirements defined in the assessment criteria. (Refer rascal 2 of the duty assignment brief)MeritIdentify and apply strategies to find earmark solutions. (M1)Characteristics / thinkable indicate recitation of comparative charts and sufficiently detailed to show that an effective approach to study and research has been applied to Berkshire Hathaway.Select and apply appropriate methods. (M2)Characteristics / achievable Evidence relevant theories and techniques control been applied in leadership name and approaches to management especially related to Berkshire Hathaway sources sourc es are justified.DistinctionUse critical reflection to survey own work and justify valid conclusions (D1)Characteristics / Possible Evidence personifyence has been used to generate and justify valid comments on approaches to different management and style of leadership of Berkshire Hathaway.Demonstrate convergent, lateral and fanciful thinking (D3)Characteristics / Possible Evidence report has been prepared with care and clearly demonstrates the l catchers thinking, innovation and creative thought used.Presentation1. The assignment should hasten a cover rapscallion that includes the assignment title, assignment number, course title, module title, Lecturer/tutor name and students name. Attach all the pages of assignment brief/cover sheet with your report and leave them blank for official use.2. Ensure that authenticity declaration has been signed.3. This is an individual assignment.4. Content sheet with a list of all headings and page numbers.5. A fully typed up professionall y presented report document. Use 12 point Arial or Times New Roman script.6. Your assignment should be word-processed and should not exceed from 2,500 to 3,000 words in length.7. Use the Harvard referencing remains.8. Exhibits/appendices are outside this limit.9. The assignment should be not contain a bibliography but should contain a list of any references used in the assignment. furrowS TO STUDENTS for summission harbour carefully the submission date and the instructions given with the assignment. Late assignments go away not be accepted. Ensure that you give yourself enough time to complete the assignment by the due date. Do not leave things such as printing to the last minute excuses of this nature will not be accepted for failure to hand-in the work on time. You must take responsibility for managing your own time effectively. If you are unable to hand in your assignment on time and present valid reasons such as illness, you may apply (in writing) for an extension. Failure to achieve a PASS grade will results in a REFERRAL grade being given. Take great care that if youuse other mountains work or ideas in your assignment, you properly reference them in your text and any bibliography. NOTE If you are caught plagiarizing, the University policies and procedures will apply.Prepared for Ms. Le Thu HanhThe lecturer of ITP- F06BCourse no F06Banking Academy, Hanoi VietnamPrepared byHoang Nang Le MinhRegistration No. ITP F06-090Submitted get out Word Count 3361Table of contentExecutiveSummary.13 entering..141.1 Compare and contrast different organisational structures and finishing151.2 Explain how the relationship between an organisations structure and husbandry croup impact on the process of the business..171.3 Discuss the factors which influence individual behavior at work.202.1 Compare the effectiveness of different leadership styles in different organizations..212.2 Explain how organizational theory underpins the behave of management..222.3 Evalua te the different approaches to management used by different organizations24 expiry.26 Reference27Executive SummaryViet Tien Garment Joint Stock Corporation Vtec and Berkshire Hathaway company is two crowing organisations with legion(predicate) an(prenominal) organisational factors , induct established for a larger number of purposes , they bemuse more akin points or other points in their structures , their ship batchal of running(a) . Viet Tien Garment produce robes ( pants , shirts , sportswear , suits ) , in addition this company supply services of accessories and materials for garments . For a long time served Viet Nam customers with their products , Viet Tien Garment halt built a notable situation and reputation in its own country . roughly Berkshire Hathaway company in past Berkshire Hathaway produced textile fabrics , but after warren Buffett became its chief operating officer , this company started working on many various field as insurance , financial service s , je strongery Till now , Berkshire Hathaway is very famous not besides because of its CEO (Warren Buffett ) but as well as because it worked probably very in effect(p) , bring a stool of benefits to its employees . gatewayPurposes / goals of doing this organisations and behaviour assignment Practically find and analyze teaching astir(predicate) both companies ( Berkshire Hathaway and Viet Tien Garment Joint Stock Corporation ) which authentically exist in other countries , act at other fields to consider the relationship between organisational structures and nuance , in addition we stick out nab different approaches to management and leadership , also gain knowledge from all outcomes in the textbook . For exp Explain how the relationship between an organisations structure and civilisation undersurface impact on the performance of the business , or compare the effectiveness of different leadership styles in different organisations Information and youthfuls in th is assignment have given from trustable web sites which are official orpopular with people . Berkshire Hathaway and Viet Tien Garment are so popular in its own country but it is not easy to collect all true information some them , or really understand their business clearly . indeed any comments / reports in this assignment may be right or wrong base on reader s experience . This assignment just provided cover a small part of constitutions and Behaviour textbook with a wider range when mentioned two big companies ( Berkshire Hathaway company and Viet Tien Garment ) as premier(a) examples .1.1 Compare and contrast different organisational structures and farmingEach organisation have its own structure , refinement which affect how it works and why it break down a successful organisation or not . Structures and culture are very important with organisations because they have an impact on the way people look at each organisation , the adaptability of each organisation active Viet Tien Garment Joint Stock Corporation Vtec and Berkshire Hathaway company , both of them are successful when they chose their organisational structures and culture then apply it efficiently to their shipway of working . Their organisational structures and culture are showing in the chart below Organisations Viet Tien GarmentBerkshire Hathaway companyOrganisational structuresTallCentralisationFlatDecentralisationOrganisational culture theatrical role cultureTask cultureRole cultureCompare and contrast about organisational structures Berkshire Hathaway have been controlled by CEO Warren Buffett and other directors as the highest level of management . They give companys to other subordinates . According to the 2010 Berkshire Hathaway Annual Report Berkshires operating businesses are managed on an unaverageally decentralized basis . There are essentially no centralized or unified business functions ( such as sales , marketing , purchasing , effective or human resources ) and there is minimal involvement by Berkshires corporate headquarters in the day-to-day business activities of the operating businesses . So their structure is flat and decentralisation opposite with Viet Tien Garment Joint Stock Corporation . Nowadays , many organizations have an enhancement in their number span of control , diminishing management levels and then become pet , so as that they posterior reduce demand for nub managers to pull off or analyse information Berkshire Hathaway are going on this way very early , that s true decision . Any be , expense for middle process will be removed . The old-timer will have maximum benefit , and employees too . But this cast of organisation can make many people become the discharged because they just use a small number of staffs / key employees who are skilled as their high requirements . The high summation of delegation the organisation have , more nigh qualities their employees must have . Viet Tien Garment , with their centr alisation structure , cant have some advantages as Berkshire Hathaway company , but they make many people have jobs . Viet Tien have a weed of branches , regular foreign customers and outlets ( privileged and outside Viet Nam ) with many workers / employees in their factories . They really financial aid Viet Nam government nix the unemployment not so efficient but that s enough at this time . Therefore we can realize that Berkshire Hathaway and Viet Tien Garment Joint Stock Corporation have different structures , with many advantages and disadvantages In my opinion , if they can combine all pleasant of structures to balance the step of advantages and disadvantages , then find out a able structure which increases their maximum proceeds , it will be very true(p) for their organisations . Have too much ( or too low ) the amount of delegation , it isnt stable should keep it in an average amount .Compare and contrast about organisational culture Berkshire Hathaway have task c ulture in some cases . When Berkshire Hathaway employees work in specific fields give care insurance industry , they must do many short barrier and long term missions or projects so as that they can earn money from each finished products / accomplished missions Employees work with team mate in a group to finish their tasks on time . In addition , this company (Berkshire Hathaway ) have role culture . As a large company with many types of jobs and the work is predictable , role culture is very suitable for doing their business . CEO Warren Buffett had chosen this sound culture which agreeable to this company , he did many things in order to gradually made it become the most respected company (Forbes 2007) . Viet Tien Garment have role culture with the same reasons like Berkshire Hathaway . In a big organization with a lot of factories ( like Viet Tien Garment ) , task cultures are not suitable because of many reasons . Factors in task cultures are not suited to Viet Tien labou rs ( their behavior , their habits , ) and the way this company work .1.2 Explain how the relationship between an organisations structure and culture can impact on the performance of the businessHow the relationship between Berkshire Hathaways structure and culture can impact on their performance of the business Organisations structures is the manifestation of ways that a company place itself and show its mode of working , so it can impact on the performance of organizations . Berkshire Hathaways structures are flat and decentralisation , that make this company may have many advantages or disadvantages when perform their business . To utilise these types of organisational structures , display lineup of directors in Berkshire Hathaway company have chosen skilled employees / directors who can create true decisions when it is suitable , and understand all anything they must do for their company . Berkshire Hathaways divisions and subsidiaries are, by Buffetts admission, run with little or no oversight by Omaha headquarters. Each year he sends the CEOs a general letter outlining high-level goals and requires very few reports or stipulation updates. One-way communication of monthly and quarterly financial results is the patriarchal method used by most of the business units to report to headquarters ( Francine , 2011 ) . Organisations culture is thestyle and the main image of an organisation , it shows us what the organisation aimed at and what are the special characteristic of that organization Therefore organisations culture always affect the performance of organizations . By using task culture and role culture , Berkshire Hathaway company can work easier than use any other types of culture . CEO Warren Buffett said that Berkshire has created a strong culture over the years that would deflect any attempt by an outsider to make changes that dont reflect his way of doing business . ( Alex Crippen , 2013 ) . Each year this company with its culture has be en widening so much , not only its size or number of employees but also its quality and quantity of productivity , revenue Berkshire, of course, owns subsidiaries across a wide range of industries, from insurance to candy and beyond. It also holds investments in numerous companies . (William L. Watts , 2013 ) .How the relationship between Viet Tien Garments structure and culture can impact on their performance of the business Viet Tien Garments structure always have an impact on their performance of the business like Berkshire Hathaway company . Viet Tien Garments structures are tall and centralization , so this company have been affected by its ways of arrangements . The performance of Viet Tien Garment ( especially their production capacity ) is showing in charts below By using their organizational structures ( tall and centralization ) and organisational culture ( role culture ) , till now Viet Tien Garment have many employees , factories and departments in Viet Nam , with hig h production capacity , as the huge system which usually work hard under the terms of covenants and severe rules . If Viet Tien Garment havent arranged like that , this company cant reach achievements currently . Because labour costs are low , they arent able to recruit talented employees or skilled workers who graduated from famous universities , therefore flat organization is not suitable for Viet Tien Garment ( in this company , just only people on the highest level of management can make decisions ) . They cant choose a wide span of control . And of course , in fact they have not chosen . Using tall and centralization structure is the true way for Viet Tien todevelop in future . With role culture , their workers are dependent of producing goods together in factories that s reasonable method for a big company in garment industry like Viet Tien .1.3 Discuss the factors which influence individual behavior at workHave a lot of factors which influence individual behavior at work be cause individuals are very various . Firstly , perception is the important factor which always affect individual behavior . For example If a worker think that his job is very good and his average wage is adequate ( although some other workers said that it isnt true ) , he will do his affair in a merry mood , so he can reach excellent results easier than others . Each organization have its own culture and structures , therefore their employees must have suitable perception . If the perception of employees in the organization is fit for their jobs , their ways of working will have more originality , supportive innovation After read many employee brushups of Berkshire Hathaway company , we can understand reasons which made this company successful I worked at Berkshire Hathaway as an intern . Very relaxed working environment . Management cares about new hires and tries to help . A former employee . Nothing negative to share , one of the best work environments I have encountered in my career a former employee in San Francisco . Secondly , attitude is the conspicuous factor that usually influence individual behavior at work . When an employee go to work with a positive attitude , he can make other employees have good mood to do their jobs better . A positive attitude also create a cordial atmosphere in workplace , so all employees in a organization should have an active attitude while they work . But if an employee dont know how to have an active attitude , what must he do ? His managers or directors have to solve this problem by suitable ways with each case . Buffetts 2012 annual report have a paragraph Most of our managers are independently wealthy, and its therefore up to us to create a climate that encourages them to choose working with Berkshire over golfing or fishing. This leaves us needing to treat them fairly and in the vogue that we would wish to be treated if our positions were reversed . Managers in Berkshire Hathaway company have been tre ated very kind , therefore they worked efficiently ,make their company more successful day by day .2.1 Compare the effectiveness of different leadership styles in different organizationsEach leadership style have the effectiveness that always affect its organization . Warren E. Buffett is CEO of Berkshire Hathaway , in addition he is the famous billionaire investor in the world . under(a) control of this talented CEO , Berkshire Hathaway steadily become the successful company which works on many fields . Firstly , we can well see that Warren Buffett inspires his employees to work hard . His subordinates usually think about how to earn money and become a famous billionaire investor like him . When CEO Warren Buffett manage Berkshire Hathaway company , The share price of Berkshire Hathaway has pornographic from about the approximate range of $14 to $18 (of 1965) to $152,000 (in early 2013) in the 48 years that Warren Buffett has been in charge. Book value per share has grown by a staggering 587,000%. This immense success has included rattling(a) success in both stock investing and in the management of the numerous businesses that Berkshire owns. It is therefore evident that Warren Buffett has been an absolutely extraordinary corporate manager, motivator and leader . ( Shawn C. Allen , 2013 ) Another famous CEO in the world is Michael Dell . He filled a void in the market that would change how people buy computers and all the accessories. At the age of twenty-seven, he was the youngest Fortune 500 CEO. True, it was the company he founded, and not one where he climbed the ranks, but making the Fortune 500 list is an incredible act for long standing companies, let alone one that was barely eighter years old. People close to Michael Dell say he is quite shy, which makes his rise to super-entrepreneur that much more incredible. In the early days, he was the only one doing the marketing and promotion, and he obviously served both the customers and the compan y well. And, even though he had retired from the company a few years ago, the board encouraged him to return ( Profile Michael Dell , 2013 ) . In periods that Michael Dell is CEO , his corporation have been widening a lot and help many people have modern jobs .2.2 Explain how organizational theory underpins the practice of managementThe practice of management can be predicated by many organizational theories . Berkshire Hathaway company executed two theories Frederick Taylor theory and Henri Fayol theory . Henri Fayol theory The scalar chain of command Follows Henri Fayol theory , Berkshire Hathaway arranged their organizational structures by the way in this theory as the chart below sectionalization of work ( specialization ) Each of Berkshire Hathaway employees have to focus on their jobs to be more efficient . More hard working in the same job , correspondingly more productive . We can see an employee review on Internet to delve these points Name / function Maintenance (C urrent Employee)I have been working at Berkshire HathawayPros They really care about their employees. They attend to their employees. Benefits are great, management and front office go above the norm in making it an enjoyable place to work. Very happy here Cons The working conditions are not exactly ideal. It is very loud, but appropriate ear protection is worn. The chemicals that are in the air, cant be that good for your health in the long run, but it could be much worse. Advice to Senior Management I wish I could come up with something, but I truly do think that the management is really on the right path in all that they are arduous to accomplish. ESPIRIT DE CORPS Berkshire Hathaway employees have been treated impartially and their managers usually create good feelings among employees . According to an analysis on Internet , 86% of employees recommend this company to a friend . Therefore we can see that Henri Fayol theory have a lot of principles which underpin the practice of management .Frederick Taylor theory Employees , directors in Berkshire Hathaway clearly have their responsibility to do their work closely . Directors and managers help subordinates understand how to complete their tasks , and subordinates will do . Subordinates have to learn new methods from other employees then try toperform better . So thats right ways to apply Taylor theory into workplace .2.3 Evaluate the different approaches to management used by different organizationsBerkshire Hathaway company1. Structure With its structures ( flat , decentralization ) , Berkshire Hathaway can save costs , expense from some middle processes , then use this money for doing other things . At the moment , many organizations are steadily changing their structures to become more flatter in order to gain more benefit .2. assimilation Each organization have its own culture . With task culture and role culture , Berkshire Hathaway employees can complete tasks better because these types of cul ture really suitable for any fields which their company are controlling / working . If they use antecedent culture , the brag will be very tired to manage the whole company , and all employees cant meet their boss at the same time to take missions ( What should they do if their company have more than 5000 employees ? ) . So their organizational culture are task culture and role culture , that s obvious .3. Leadership under control of CEO Warren Buffett and other skilled directors , Berkshire Hathaway became the most respected company (Forbes 2007) . Their decisions in management are punctual and rational , their employees have been train to be more productive . Their employees also have been treated very kind . During the 2012 fiscal year, Berkshire Hathaway held one annual directors meeting, one special meeting, and met doubly by the directors unanimous consent. Each director attended all meetings of the board and all committee meetings on which he or she served. Directors re ceived $900 for each meeting they attended in person and $300 for each meeting they attended by telephone ( Meredith Kliewer , 2013 ) . Berkshire Hathaway board of directors is very good at their leadership , therefore this company is successful till now .Viet Tien Garment1. Structure With its structures ( tall , centralization ) , Viet Tien Garment cant have some advantages as Berkshire Hathaway company , but they make many people have jobs . Viet Tien have a lot of branches , regularforeign customers and outlets ( inside and outside Viet Nam ) with many workers / employees in their factories . They really help Viet Nam government prevent the unemployment . Their structures are very suitable with their ways of working and selling goods .2. Culture Their organisational culture ( role culture ) is the true decision , because this company have a lot of factories and workers in Viet Nam , and role culture can help its directors to control all of them .3. Leadership This company is still perform well without any scandals , so their leadership is good enough for working in future .ConclusionAfter analyses two big companies ( Berkshire Hathaway and Viet Tien Garment ) , we can comprehend about main ideas as the relationship between organisational structures and culture , or different approaches to management and leadership . Base on information about Viet Tien Garment and Berkshire Hathaway company , this project can analyse primary principles in factors of organisations , as the linkage between organisational culture and structure , or the effectiveness of different leadership styles in different organisations , how organisational theory underpins the practice of management Moreover , using information in many sources as articles , books and websites that have been recognised or found on Google Scholar , this record help us understand the relationship between organisational structure and culture , understand different approaches to management and leadership , have a lot of useful knowledge for using in real life , and comprehend many outcomes in the textbook .Reference2010 Berkshire Hathaway Annual Report . 2010 . From http//retheauditors.com/2011/09/02/the-berkshire-hathaway-corporate-governance-performance/Alex Crippen . 2013 . Warren Buffett Berkshire Will Be the Same Without Me . From http//www.cnbc.com/id/100707968