This post from the Wall Street Journal Davos Blog is telling on Warren Buffett’s management style. Melinda Gates makes a glowing comment at the World Economic Forum about Buffett and his approach to a $30 billion dollar gift to the Gates Foundation.
Now if this guy who gives away billions can let go and get out of the way, then why do leaders in some organizations take a different approach? Who’s got more to lose? Maybe Buffett realizes the connection between risk and reward…I guess his investment returns reflect that.
If you’re a manager with a tight reign (more than likely because you’re afraid of loss), take some hints from Warren. You might be surprised by how many people are waiting for you to let go and get out of the way.