“How do you setup for wisdom?” This is a poignant question that Semler’s company asked in order to help ensure they were managing the company as effectively as possible. He advocates a highly decentralized management structure, one in which employees have access to all needed information, not just to perform their just but also to improve the business as a whole.
Some of his core principles are:
- Taking advantage of life now, instead of waiting until later
- Businesses should remove silly rules that do not matter (like clock in and out times, dress codes and such)
- Seek wisdom and welcome challenges to the status quo
- Give power to everyone, they can make the rules theirs