Principles (Principles) (Category Management)

The other day, when discussing my next concept paper with colleagues, I was told that I was inspired by Ray Dalio’s principles when compiling it. This remark made me think and re-read / flip through the long-read book "Principles".

To summarize, the book is really interesting, practical in some places, idealistic in some places. Everything. 3 parts:

• My roots.
• Life principles.
• Working principles A rather interesting preface to the Russian edition of the book by Herman Gref

The first part is interesting because it allows you to understand the creative path of Ray Dalio, who, as the book aptly says, was even called Steve Jobs in the world of investment.

The second part, in my humble opinion, is the most useful, because these life principles allow you to become a rational realist who understands what his goal is and systematically moves towards it. I recommend that you study them carefully. By the way, when I read this part, I felt a sense of deja vu.

The third part about the principles of work seems to me the most debatable. The chapter deals with the principles grouped by areas: The right corporate culture

• the right people
• establishment and improvement of the mechanism Each of the principles in the book does not raise many questions, but the possibility of implementing them in practice is one big question. Specifically, I am interested in the possibility and usefulness of the tools described in the book: Baseball cards - cards with a digital display of a person's strengths and weaknesses Dot Collector - an online application for gathering participants' opinions in meetings regarding each other's statements some other

So I think that Ray Dalio's book is like one big novel that illustrates the survival bias -- companies that tried a similar approach to management but didn't have the same financial results were falling apart because of the inherent contradictions and the cost of maintaining such a complex system that collects a bunch of data and builds metrics on top of it. This approach may become more popular and effective with the introduction of corporate systems similar to the Chinese social rating system. In this case, Big Brother will follow us and maintain our "baseball card" to be used within a meritocratic organization:)

P.S. The problem is that Dalio’s meritocracy is only one step away from Orwell’s totalitarianism.

#Leadership #Management #SuccessStories