.cz_binance has just published an internal document outlining his leadership principles. Transparency is key at Binance. Read CZ's principles to learn more about our values and how we make quick decisions in this fast-moving industry.
Don’t fight wars that you won’t win. Just avoid it. Go somewhere else. Do something else. There is plenty to do in this world. Focus on the positive contributions you can make.Making good decisions is a skill that can be practiced. I go through this mental decision framework, whether a fast decision or a more considered one.If the decision touches one of the core principles, then follow the principles. Easy. Otherwise, go through the decision framework.
Many people tend to think the more structured an organization is, the better. I disagree with this. A clear structure has many benefits, including clear delineation of power and responsibilities, less overlap or wasted energy, etc. It generally makes the organization more efficient. But what most people don’t think about is, it usually only makes the organization efficient in doing one thing. The most extreme version of over-organization is bureaucracy.
Breaking bread is the best team building. Just get people together for a meal. It’s simple and effective. If you do something well, you may hear from others “good job, great work, etc”. Probably not so much from me. Conversely, when you do something badly, if I see it, you will most likely hear it. What’s more efficient is to adjust their comp on the next review cycle. So I do give carrots, just not so much verbally.Escalations are part of normal business, and there is a right and wrong way to do it., and have not told the other person about it. Rumors are bad. I don't manage rumors. I just ignore them. In fact, when you do this to me, I mark a negative point on you ., you, the guy you want to complain about and CZ. Now, I can hear both sides of the story in one go.
We work remotely. It’s easy for lazy people to slack off given no one is watching them. But this is a blessing in disguise. People can slack off for a day, a week, or maybe even a month. But after a couple of months, they won’t have the results to show for it, and you will know. Remote work actually makes it easy for you to identify them over time. Let go of the unmotivated people on your team, as soon as you identify them.It takes more time to micromanage than doing the work yourself.
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