Match the person to the design.
1. Think through which values, abilities, and skills you are looking for (in that order). 2. Make finding the right people systematic and scientific. 3. Hear the click: Find the right fit between the role and the person. 4. Look
Remember the force behind the thing.
Source: Ray Dalio's Book Principles
Know that the ultimate Responsible Party will be the person who bears the consequences of what is done.
Make sure that everyone has someone they report to. Source: Ray Dalio's Book Principles
Recognize that the most important decision for you to make is who you choose as your Responsible Parties.
Understand that the most important Responsible Parties are those responsible for the goals, outcomes, and machines at the highest levels. Source: Ray Dalio's Book Principles
Recognize that if the people who have the power don’t want to operate by principles, the principled way of operating will fail.
Source: Ray Dalio's Book Principles
Remember that if the idea meritocracy comes into conflict with the well-being of the organization, it will inevitably suffer.
1. Declare “martial law” only in rare or extreme circumstances when the principles need to be suspended. 2. Be wary of people who argue for the suspension of the idea meritocracy for the “good of the organization.” Source: Ray Dalio's
Don’t leave important conflicts unresolved.
1. Don’t let the little things divide you when your agreement on the big things should bind you. 2. Don’t get stuck in disagreement—escalate or vote! Source: Ray Dalio's Book Principles
Once a decision is made, everyone should get behind it even though individuals may still disagree.
1. See things from the higher level. 2. Never allow the idea meritocracy to slip into anarchy. 3. Don’t allow lynch mobs or mob rule. Source: Ray Dalio's Book Principles
Make sure people don’t confuse the right to complain, give advice, and openly debate with the right to make decisions.
When challenging a decision and/or a decision maker, consider the broader context. Source: Ray Dalio's Book Principles
Remember: Principles can’t be ignored by mutual agreement.
The same standards of behavior apply to everyone. Source: Ray Dalio's Book Principles