From one piece How Anthropic, Costco, and Patagonia all build incorruptible companies | Eric Ries 6 beliefs, in the piece's order there
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It doesn't guarantee that you're the good guys. Okay? Just writing it down doesn't do that much. But it does solve one very specific problem, which is if someone one day sues you saying you breached your fiduciary duty to investors, you could say, "Nope, investors agreed that this is our purpose to do this thing.
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korrents.com
Trustworthiness is the most underrated asset in business, and prioritizing by ROI always ranks it last.Their words
Trustworthiness is the most underrated asset in all of business. And the things that create trustworthiness by definition stack rank to the bottom if we do it by ROI because doing the right thing has intangible rewards but tangible costs.
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companies with that structure like Novo and Zeiss, they are six times more likely to live to year 50 compared to their conventional counterparts. We they have superior return on invested capital. They make more money for investors.
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korrents.com
The corporate best practices lawyers and bankers push on founders are younger than the trees in the local park.Their words
so many of the best practices that your lawyers, your bankers, whoever advisers you have, they're going to be pushing best practices on you that are younger than the trees in your local park.
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According to Harvard Law School, among venturebacked companies that have the standard best practices set up that you got from your lawyer, okay, only 20% of founders are still the CEO 3 years after going public.
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I call it the force that no one controls but everyone obeys that tends to drag organizations down into mediocrity to the point that we lose control of them. Now, sometimes we lose control of them because we get fired.