This is a video from 2010’s D8 conference, in which Steve Jobs discusses Apple’s management system with Kara Swisher and Walt Mossberg. I came across this video a few days ago and I was amazed at how much of my own thinking falls in-line with his.
This is my favorite line from the video:
If you want to hire great people and have them stay working for you, you have to let them make a lot of decision and you have to be run by ideas not hierarchy. The best ideas have to win, otherwise good people don’t stay.
I can’t emphasize enough just how important this concept is. A lot of companies in the world would be far more successful if this was one of their core principles.