Chapter
The benefits of unconventional decision-making in companies
20:34 - 30:39 (10:05)
The speaker argues that society tends to be dismissive of unconventional approaches to decision-making in companies, but implementing diverse groups responsible for major areas of the organization can lead to increased satisfaction and autonomy in employees. However, for decisions on organizational structure, a more conservative approach may be necessary.
Clips
The concept of having different decision-making bodies within a company, rather than a traditional hierarchy, has been tested throughout time.
20:34 - 26:22 (05:48)
Summary
The concept of having different decision-making bodies within a company, rather than a traditional hierarchy, has been tested throughout time. Although autonomy, mastery, and a sense of mission remain important for employee satisfaction, many companies experiment with various structures and methodologies to find what works for them.
ChapterThe benefits of unconventional decision-making in companies
Episode#353: Patrick Collison — CEO of Stripe
PodcastThe Tim Ferriss Show
The speaker suggests being conservative with hard-to-change trapdoor decisions like organizational structure.
26:22 - 30:39 (04:17)
Summary
The speaker suggests being conservative with hard-to-change trapdoor decisions like organizational structure. While it's important to understand the prevailing belief and have proprietary insight, the bias should be towards not making risky radical departures from the status quo.