Friday, February 6, 2015

Managing for Progress

Tomasz Tunguz - Redpoint

Why Managing For Progress is So Important

(original post from Tunguz's blog)

Key Points:
  • Great managers focus on progress.
  • Feeling fulfilled at work comes from meeting goals
  • Good managers craft roles and positions that enable this goal oriented fulfillment
  • Loss aversion suggests that failing diminishes happiness by twice as much as succeeding increases it
Tunguz's conclusion:
Progress is the antidote to burnout. As a leader you should work to increase individual's win:setback ratio. This will increase team happiness and general well being.

Takeaway:
  • Put people in positions to succeed more than they fail.
  • Actively craft roles and systems that promote goal oriented success.

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