Vision
This approach respects the inherent worth of each person and unleashes creativity, initiative and talents
What is: Bottom-Up vs. Top Down
What is: Measures
This is the practice of aligning interests of our employees with the interests of the company, our customers and society
What is: Alignment of Incentives
A fundamental principle of human progress is the division of labor by comparative advantage and the resulting increase in cooperation
What is: Cooperation and Teamwork
Humility is the absence of what?
What is: Arrogance
This Principle takes inspiration from the phrase "Successful businesspeople stand on ground that is “crumbling beneath their feet" written by Joseph Schumpeter
What is: Creative Destruction
An indispensable management tool that allows us to practice good economic thinking that can greatly improve business decisions.
What is: Marginal Analysis
Ludwig von Mises inspired this guiding principle based on three requirements that must be met for individuals to take action
What is: Requirements for Human Action
This Principle, when practiced correctly, promotes peace, civility, mutual benefit, opportunity, success and enables people to live a life of meaning.
What is: Principle Based Management
We show ____ by believing others can handle the truth and providing feedback that will help them deal with reality and improve. Avoiding or sugarcoating a tough message is a disservice to the person and the company. It lacks integrity and usually leads to a bad outcome.
What is: Respect
We seek to _____ between what we are doing, however good, and what we could be doing if we were fully applying our principle-based framework.
What is: Close the Gap
In our application of this principle, we all are focused on innovating where we have the ability and passion to make the greatest contribution by sharing knowledge and challenging one another.
What is: Republic of Science
Abraham Maslow defined this as realizing one’s potential – what he described as “everything one is capable of becoming.”
What is: Self-Actualizing
The essence of ______ is recognizing our obligation to always act in a manner that respects the rights of others. By rights we refer to the universal right for everyone to live as they choose, so long as they don’t violate the rights of others
What is: Stewardship
This principle believes that a win-win philosophy is the best philosophy in all we do. That trust is the foundation for such relationships.
What is: Mutual Benefit