Posted: November 01st, 2007 by Richard Banfield  Category: Tips & Tricks

In a recent lecture at MIT’s Sloan Business school, Ricardo Semler, CEO of Semco,  gives us some new guidelines for what a successful company really  looks like. Here is an  excerpt from the lecture:

A 5 year plan is just an extrapolation added to wishful thinking. Have you ever seen a business plan that says, “I’m going to go up 5% and then down -14% and then -22% and then I’m going to recuperate a little bit and then it’s going to go to hell?”

‘Cuz that’s what happens. That’s how it looks in practice, but that’s not the way we design it. We’re willing to trick ourselves into thinking we have control as long as we do it with wishful thinking.

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