Reading Series 40 Trust is the real asset of a business
"Belief in extreme truth-seeking and extreme transparency" is the first of the 16 principles, which contain 5 middle principles. This principle, I think, is still difficult in the word "believe";When implementing this principle, it is very easy to tear open the "truth" and fail to implement it thoroughly, so the author Ray Dalio also expresses this concern at the beginning.
Because this principle has been practiced in Bridgewater for more than 40 years, the author describes the benefits and risks in as much detail as possible.
The first advantage is that in the workplace, treat colleagues realistically, openly and transparently, and colleagues will naturally respond in the same wayProblems and disagreements can be put on the table, rather than whispering and hiding in the shadows, and transparency and truth-seeking can help both parties to maintain high standards while maintaining their own behavior.
The second benefit is that extreme transparency and extreme truth-seeking are the basis for the enterprise to form a truly creative and merit-based cultural atmosphere. This will empower the company's talent training, because in such a corporate atmosphere, new employees have the opportunity to listen to the ideas of others, and the effect of employees' learning Xi will be doubled.
Benefit 3: The working principles of extreme truth-seeking and extreme transparency are also the criteria for selecting talents needed by enterprises. Not everyone can accept this principle, and even if they are told at the beginning, no one is necessarily comfortable with disclosing the advantages and disadvantages on the desktop. Therefore, people who are not suitable for such a cultural environment are not suitable for such a team atmosphere, and they can be asked to leave.
After describing the real-life case of Bridgewater's "open and transparent" notification to restructure the back-office department, the article said, "Only when people know that they can trust everything we say is a real asset." "Because lies are scarier than facts, transparency is the way to build trust.
It is a business task for enterprises to create this kind of atmosphere, which will be passed on from top to bottom, and even to customers, so as to provide customers with good service and achieve better performance and maintain the trust of both parties.
Of course, with extreme transparency and extreme truth-seeking, the author also makes it clear in the book that intimate issues such as health conditions, intellectual property rights and security are also sensitive details that should be treated with caution. There are exceptions to every rule, and in rare cases, it is not appropriate to be extremely transparent, and what we need to do is to minimize the exceptions to extreme transparency. Business