Principle vs. Rule Driven Business
July 31st, 2007 in Business & Process
by: Matthew Griffin
I have found that creating very strict rules for how I run my business ends up having the opposite effect of what I intend. In fact I think I have actually been pretty arrogant in thinking that my rules could account for every future hurdle I might encounter. On the opposite side of the coin is a business that is run mamby pamby by fleeting whims which is just as bad.
Somewhere in the middle is a principle driven business that is both controlled and flexible. It’s actually pretty easy to get into this mindset. First, lay out a very short list of principles by which you would like to run your business. Then whenever you are about to make a business decision, just ask yourself if your decision is in line with the principles that drive you business. Okay, maybe that’s an over simplification of the matter but you get the picture.
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