Maverick

by Ricardo Semler

7/10

Key Ideas:

Kill rules as much as possible – People begin to make more decisions on their own, decisions they are usually better qualified to make than their supervisors.
Cure time sickness – Ensure there is proper delegation, and know that quantity of work is not the same as quality of work.
Treat people as adults – get out of their way and let them do their jobs.

Other interesting notes:

Beware of diseconomies of scale, as these overtake economies of scale much sooner and often than people realise.
Change the pyramid – teams should be self-governing and elect their managers.
A company should trust its destiny to its employees.
Budgets should always be based on rethinking the company: not a mere administrative process that only gives the illusion of control, but a vital component of the strategic direction of the company.
Strip away the unnecessary perks and privileges that feed the ego but hurt the balance sheet and distract everyone from the crucial corporate tasks of making, selling, billing and collecting.

Thoughts on the book:

A very radical approach to managing companies. It is a great analysis of the problems of most companies, although the solutions are not realistic in most scenarios, and each solution is hard to implement in isolation. For a more realistic approach, read Rework. Great counterpoint to the e-myth revisited.

Longer summary/notes: SC, JS, Wiki

If you like this, you’ll probably like: Rework, Semler interview on Tim Ferriss podcast, it doesn’t have to be crazy at work, Linchpin, books