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    Philosophy and Leadership: Buffett, Locke, Plato

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    1)Addressing the employees of Solomon as their new leader, Warren Buffett stated "Lose money for the firm and I will be very understanding; lose a shred of reputation for the firm, I will be ruthless." Do you agree or disagree

    2)As the newly appointed leader of your own organization list the top 3 core values that you would adopt and promote. Explain why those values would cause the organization to be successful

    3)John Locke suggested that children are born with a tabula rasa (blank tablet) where society is the author of the script for their lives. As an educated leader within our society, what 3 values would you work to instill in our youth and what would you expect such values to achieve?

    4)Plato suggested that the best type of leader for any nation is a philosopher (wise) King. Now, consider that a democracy is supposed to produce the best leader regardless of his/her lineage - does it really do so on consistent basis? Now, in less than 50 words defend democracy or advocate monarchy

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    Solution Preview

    1. I agree with Warren Buffett. There are times when money is lost because every deal you try is not going to work out. You will gain some and lose some but it is critical to maintain your moral perspective. His statement goes along with the concept that he only buys companies in which he believes in the management. One may make money doing shady deals but in the long term it is not a winning strategy. The reputation of the firm must be maintained in order to have a future as a business, and to expand and prosper.

    2. As a newly appointed leader of my own organization I would adopt the following values:
    Honesty: it is key to have employees that are 100% honest. If you can't trust ...

    Solution Summary

    This solution analyzes Warren Buffett's statement, ""Lose money for the firm and I will be very understanding; lose a shred of reputation for the firm, I will be ruthless." The solution also discusses three core values for organizations, and why these values would cause an organization to be successful. It discusses what three values would be suggested to instill in youth, and what expectations one would have as a result. It also discusses if democracy or monarchy is better. It includes examples.