The Dumbest Guy at the Table by David Shein

Author:David Shein
Language: eng
Format: epub
Tags: business, management, business management, business development, leadership, business leadership, business strategy, business innovation, management techniques, management leadership, management style, technology business, technology, technology unicorn, business unicorn, mentoring, young management, team management, investing, startups, startup investing, economics, australian business, australian startups, venture capital funds, com tech communications
ISBN: 9781760687441
Publisher: Bonnier Publishing Fiction
Published: 2022-07-09T07:22:38+00:00

As a founder, you should always be an HR manager – you should always be recruiting. The way you treat people will filter through the organisation.

Chapter 13

Advice from the best

Early in my career, while I was on a flight from Sydney to the USA, I happened to be reading the latest edition of Fortune magazine.

In that magazine was a summary of a book called Control Your Destiny or Someone Else Will. The book was about Jack Welch, the legendary CEO of GE.

Jack had six rules for success, which actually formed the basis for my own management style. These rules are not just useful business lessons – they can easily be translated into life lessons as well.

1. Face reality as it is, not as it was or you wish it to be.

2. Change before you have to.

3. Don’t manage, lead.

4. If you don’t have a competitive advantage, don’t compete.

5. Be candid with everyone.

6. Control your destiny or someone else will.

I still believe today that a leader who can consistently execute on ALL of these six rules will be well positioned to build a long-term, sustainable company. It’s amazing how visionary and relevant these rules were – and still are. Consider the first two rules. The current way of expressing these concepts is that if you don’t want to be disrupted, you better pivot – or you will become irrelevant. Disrupt or be disrupted! If you don’t face reality when things around you are changing (no matter how hard that may be), if you don’t pivot, then you will become irrelevant and disappear. So many successful companies have fallen into this trap.

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