a) Introduce the chosen MNC (background) including its vision and mission, product/

service, HQ & subsidiaries and etc.

A multinational corporation (MNC) is a company that has operations in both its home
country and other countries across the world. It keeps a central office in one country that
oversees the management of all of its other offices, such as administrative branches and
factories. Berkshire Hathaway Inc. is a multinational corporation (MNC) that is registered
and operates in more than one country at a time. Berkshire Hathaway is a holding company
with subsidiaries involved in a wide range of businesses. Berkshire Hathaway serves as an
investment vehicle for Warren Buffett. Berkshire Hathaway is headquartered in Omaha,
Nebraska, with its corporate offices in Delaware.

Berkshire Hathaway's core business is insurance, including property and casualty

insurance, reinsurance and specialty nonstandard insurance. Buffett developed Berkshire
Hathaway by buying stock in undervalued firms, acquiring many of undervalued firm, and
then giving the subsidiaries' managers significant autonomy. Insurance firms were a big
element of Berkshire Hathaway's portfolio from the beginning of his leadership. Besides that,
Berkshire Hathaway owns and operates a number of other companies involved in
manufacturing, services, retailing, and other industries. Berkshire also holds a large portfolio
of equity securities and derivatives, which heavily impact the company's reported financial
performance. Berkshire has over 50 domestic and international insurance firms through
which it performs insurance and reinsurance operations. Berkshire Hathaway's insurance
companies specialise in property and liability insurance and reinsurance, especially in the
United States. Berkshire's insurance divisions now include life, accident, and health
reinsurers, as well as worldwide property and casualty reinsurers.

Berkshire Hathaway vision statement is to be the provider of choice in their

communities for comprehensive real estate and financial solutions. Berkshire Hathaway's
vision highlights the company's ability to give leadership and protection to its customers.
Besides that, Berkshire Hathaway mission statement is to deliver the right parts exactly on
time, exceed their internal and external customer requirements through continuous
improvement, and provide a place for hard-working, dedicated, knowledgeable and ethical
people who believe in the company. Its mission reflects Berkshire Hathaway's aim to exert
influence everywhere it operations. Growth, authenticity, empowerment, relationships,
compassion, and service are among Berkshire Hathaway's core principles. This corporation's
credibility is a reflection of how consistent it has remained for over a century. Furthermore, it
has been able to spread its impact not only through growth but also through long-term
partnerships with many stakeholders around the world because to these basic values.

The operating businesses of Berkshire Hathaway are run in an exceptionally

decentralised manner. Few corporate functions are centralised or integrated. Berkshire's
corporate senior management team is involved in major capital allocation decisions,
investment activities, and the selection of the Chief Executive Officer for each of the
operational businesses. Berkshire's top management is also in charge of creating and
monitoring the company's corporate governance processes, which includes overseeing
governance activities, including those at operational businesses, and engaging in the
settlement of governance-related issues as necessary. Berkshire Hathaway's Board of
Directors is in charge of finding a suitable candidate to the Chief Executive Officer.

The businesses of Berkshire Hathaway rely heavily on human capital and resources.
At the end of 2021, Berkshire Hathaway and its consolidated companies employed around
372,000 people worldwide, with approximately 77% based in the United States and 21%
represented by labour unions. Employees work in a wide range of positions. Berkshire's
operating businesses, in keeping with Berkshire's decentralised management style, create
particular policies and processes for attracting and retaining employees inside their
organisations.
References

Tikkanen, A. (n.d.). corporation | Definition, History, & Facts. Encyclopedia Britannica.

https://www.britannica.com/topic/corporation

J. (2021, January 27). Berkshire Hathaway Mission Statement 2022 | Berkshire Hathaway

Mission & Vision Analysis. Mission Statement.

https://mission-statement.com/berkshire-hathaway/#Introduction

Plaza, K. (n.d.). Berkshire Hathaway Inc. - Company Profile, Information, Business

Description, History, Background Information on Berkshire Hathaway Inc. Reference

for Business. https://www.referenceforbusiness.com/history2/71/Berkshire-

Hathaway-Inc.html

Hargrave, M. (2021, August 25). How Berkshire Hathaway and Warren Buffett Consistently

Beat the Market. Investopedia. https://www.investopedia.com/terms/b/berkshire-

hathaway.asp

Berkshire Hathaway - New World Encyclopedia. (n.d.). Encyclopedia.

https://www.newworldencyclopedia.org/entry/Berkshire_Hathaway