Dalio: Neither autocratic nor democratic decision-making works well in organizations
Ray Dalio · #23 Ray Dalio: Life Lessons from a Self-Made Billionaire · Oct 11, 2017 · at 22:34
Ray Dalio, founder of Bridgewater Associates, explains why organizational decision-making fails under either pure autocracy or equal-vote democracy.
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“The problem that most people have at that point is that either there is an autocratic decision maker or a democratic decision maker. Neither of those work well. The autocratic decision maker is just the guy who's the boss who says, okay, well, now I'm going to do this. That's a problem because others don't own it, and how do you know that you're right? You can't be arrogant. And then there's democratic decision making, and that means everybody has the same votes, the same opinion. That's not sensible because they have different merits to that.”
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