There are many formulas to build a successful company:
1. Passion
2. Great investors and board with good mentors
3. Great product
4. Niche skills and services
5. Great legacy
6. Recruit the best, train them, mentor them, give them good career growth, etc.
And so on
But one that I have observed and learnt is another one. We won’t go into the discussion about the earlier ones given above but let’s look at another way to build excellence.
Excellence and innovation is driven by freedom, creativity, knowledge, skill and right intervention by management with positive re-enforcement, promotion of good attitude and removing the bad apples at the right time.
One of the primary enablers for this is less internal friction and a culture to deliver excellence, promotion of passion to perform and learn without unnecessary hindrance.
One of the best ways to do this is to find people in your core teams to go into the non core functions over time willingly and on their own. These people can build a culture that appreciates the problems of the majority core function employees.
An example, if you over time promote in any Information Technology company your core development/product team members via training, education, etc. into Finance, HR, Project Management, Support, PMO, Legal, Sales and other departments you will build a company that appreciates the problems that the core function faces and they will help/enable them which in turn results in innovation and culture of synergy with excellence.
This is not the only formula out their to build a great company but one of the many ways. Only when we perform as one unit do we succeed most of the times, don’t we?
