Summary
- Don't let managers make unilateral decisions
- Give people freedom, treat employees like founders with autonomy
- Default to open, share information freely within the team
- Have an ambitious mission. People want to work on something that matters.
- Create internal competition, allow overlapping products to drive innovation
- Create "Bureaucracy Busters" address employee frustrations systematically
- Culture isn't static, embrace cultural evolution while maintaining values
- Have a Chief Culture Officer, maintain consistent culture across locations
- Invest more in hiring than in training, focus on hiring top performers
- Don't rely on inbound applications, actively seek out top talent
- When you find someone great, pursue them maintain relationships with potential hires
- Only hire people who are better than you. Raise the bar with each hire
- The CEO should review every hire final check on hiring process
- If you're not a hell yes, you're a no be conservative in hiring decisions
- Referrals can be a high quality source of hires
- Increasing the referral bonus does not increase the referral rate
- Pay unfairly for top talent
- Be more like an all-star team than a family, focus on performance over loyalty