This is the first post of a three part series on management principles. Imagine playing any competitive game: chess, tennis, pokémon, poker, etc. In order to win, you need to first understand the rules of the game. Then you can figure out how to maximize your outcome against those rules and compete to win.
Defining your management principles (covered in this post) and publicizing them widely across your organization (covered in this post) is exactly that for employees at your company. Everyone needs to know the rules of the game first, so they can then figure out how to maximize outcomes against those rules.
Your management principles are the known and reliable framework for how you, the CEO operate everyday and how you expect your employees to operate and make decisions everyday.
What happens in the absence of clearly defined rules for how people should operate and make decisions at a company?
In a doubles tennis match, it means a lot of missed balls down the middle. In company building, it’s lots of wasted time in confusion, finger pointing, and steps backwards or sideways instead of forwards. We’ve all experienced it…
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