The Hard Thing about Hard Things by Ben Harowitz
Good management is key to running a successful business. As a CEO, Manager or business owner you do not want to get caught up in office politics. Some managers do not even realize that they are guilty of it. They have an employee come to them soliciting a raise. They end up giving this employee a raise to keep them from leaving only to have others hear about it and do the same thing. The only employees left out might be your best employees. Ben Horowitz spells out his two key techniques for minimizing politics.
- Hire people with the right kind of ambition. The right kind of ambition is an ambition for the company’s success with the employee’s success coming as a by-product of the company’s victory.
- Build strict processes for potentially political issues and do not deviate. These activities include:
- Performance evaluation and compensation
- Organizational design and territory
Horowitz advises to carefully word job titles and manage promotion. He suggests defining a formal process for all promotions. Have a promotions council, make promotions unilateral, and compare the employee with both the level’s skill description and other employees to determine whether to approve the promotion.
The author sums it up perfectly. If you structure things properly, nobody other than you will spend much time thinking about titles other than an employee of the month (Harowitz, 2014).
Horowitz, B. (2014). The hard thing about hard things: Building a business when there are no easy answers.