How Square Defangs Difficult Decisions
firstround.com
firstround.com
I never know what to think of articles like this where the subject matter basically is an example of the opposite. Square probably has some of the worst decision-making amongst peer companies. It had pretty much a monopoly on new age SMB card present credit card processing and has appeared to throw much of that away by deciding to go into all sorts of unrelated businesses. It ceded $5b of market value to Stripe. Has been ridiculously slow to expand internationally and bring out Apple Pay devices. And continues to burn precious resources on unrelated, losing businesses like food delivery. And now SPADE? Serenity now.
After that, it then becomes a decision of whether or not you wish to be part of the organisation, and not whether or not you're doing a good job.
Not just Stripe. Braintree, I've heard, is comparable or bigger.
The rest just reads like typical, big company bullshit non-content. But the first few paragraphs? I agree with that a whole lot. After being in many, many, many meetings where multiple people "own" something and it's almost impossible to get anything done. But one owner? Even if you don't entirely agree with the direction it's at least crystal clear.
It is fantastically effective.
A manager’s role can be reduced to keeping people on track and helping settle contentious decisions, whether by mediating or making the decision themselves.
If I was interviewing for a company and I found out they used techniques like this, I would get up in the middle of the interview and walk out.
Alternatively, a Vision/Retrospective process might work better, where by the Owner's manager (the business structure) provides the higher-level vision and then looks at the Owner's decisions and executions in retrospective. If the poor decisions are consistently being made, it's a problem of vision or staffing. Asking the owner to get approval for each decision removes the owner's necessary authority, and hence undermines their ability to forge consensus and execute with needed autonomy.
Reminds me a bit (just in terms of having an explicit process) of Andy Grove's Ideal Decision Model: Free Discussion, Clear Decision, Full Support.
In particular, I liked the Full Support stage of Andy Grove's process. Granted, could devolve into "fall in line or you're output" in weak cultures, but in stronger cultures I think it makes sense to acknowledge that everyone needs to accept/support a decision, whether it was their pick/favorite/etc., for the decision to be successful.
That tangent aside, I also liked the Square notes@ email list.