11 management priciples that shake things up – by Elon Musk

No large meetings unless they’re of value to the entire audience. Keep them short. Don’t have frequent meetings unless the matter is truly urgent. Resolve it; stop meeting. If you are not adding value to a meeting, walk out or drop off the call.  Don’t use acronyms and nonsense words for objects, software, or processes. Avoid…

Build a home

To achieve a high performance culture where employees feel at home, part of a family implement some of these principles of the Inc article; they will create stronger ties between your brand and its human talent. 1. Display your humanity Becoming human-centric rather than profit-centric may involve a shift in thinking and priorities. However, it…

How does culture drive performance?

Summary of the Inc. article (click here for the full article) Why we work determines how well we work. The six main reasons people work are: play, purpose, potential, emotional pressure, economic pressure, and inertia. A high-performing culture maximizes the play, purpose, and potential felt by its people, and minimizes the emotional pressure, economic pressure,…

boost innovation, introduce a Chief Incentives Officer

Physicist and biotech entrepreneur Safi Bahcall argues in Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries that the secret to creativity as actually organizational structure versus anything else. To Bahcall, the goal is to create a structure where you get people motivated and incented to go for “loonshots,” crazy ideas that…

Inc. – Invite Fresh Ideas to the Table

Create an outside┬áteam of advisors. Unlike a focus group, they are not anonymous, but purposeful in providing valuable insight about the trends in your market. Your advisory team should always provide data, not assumptions, about what is trending and emerging so your company can be ahead of the learning curve. Members of your advisory team…

Bill Gates – the Quality of Your Life

Bill Gates recommends that you answer these questions to assess the quality of your life: Did I devote enough time to my family? Did I learn enough new things? Did I develop new friendships and deepen old ones? And a fourth question, suggested by his trusted friend and mentor Warren Buffett; “Do the people you…

Speaking is no longer a soft skill

“If an entrepreneur can’t tell a convincing story, I’m not investing. You call it soft. I call it fundamental.” Warren Buffett would agree. Whenever Buffett is asked about the one most valuable skill that anyone can build today, he says public speaking. He even puts a value on it, “The one easy way to become worth 50 percent…

Salesforce CEO Marc Benioff – Vision and Values

Marc Benioff steered Salesforce to stellar success through “V2MOM.” which stands for vision and values (V2) combined with methods, obstacles, and measures (MOM). It’s shorthand for their fundamental business processes: Vision: Defines what you want to do or achieve. Values: Principles and beliefs that help you pursue the vision. Methods: Actions and steps to take…