Saturday, March 28, 2009

10 Rules For Building A Great Organization

I'm reading "Enough. True Measures of Money, Business, and Life" by John C. Bogle, the founder and former CEO of Vanguard Mutual Fund Company. In the book, Bogle offers 10 Rules for Building a Great Organization:

  1. Make caring the soul of the organization.

  2. Forget about employees. (Vanguard instead uses the term "crew member")

  3. Set high standards and values - and stick to them.

  4. Talk the talk. Repeat the values endlessly.

  5. Walk the walk. Actions speak louder than words.

  6. Don't overmanage.

  7. Recognize individual achievement.

  8. A reminder - loyalty is a two-way street.

  9. Lead and manage for the long term.

  10. Press on, regardless.

A pretty solid set of rules if you ask me.

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