How does incompetence and mismanagement explain SBF, his parents and senior executives buying properties worth nearly $300M in the Bahamas with FTX funds as has been reported by multiple news outlets?
You've been downvoted but, in simplicity, that is the message and what employees want now. Employers/managers, listen up.
It's worth emphasising beause many bosses still haven't got this message.
I'm currently quiet-quitting, and will actually-quit shortly, because of this attitude.
It's not about being work-shy. It's about busting your arse for a company (and self/respect) and then when the realisation dawns on everyone that flexibility is not only possible but has helped productivity (n=1 our productivity and balance sheet improved during covid), and then to have the door shut on that realisation ... you can expect employees to switch off.
Our entire team feels this way. We'll all be gone soon.
Absolutely. He has the freedom to abuse; they have the freedom to walk away. Americans seem to think this leads to a virtuous circle instead of a vicious one.
As for what it does in this case... we'll see. Will he get a bunch of superhero 10x programmers sleeping under their desks? Or will all the superheroes leave, reducing him to the ones who are afraid of finding a new job and being bad at it until he fires them?
Thus far he seems all stick and no carrot, but perhaps he's got something up his sleeve.
I was Six Sigma trained in a former job. It's a lot of statistical process control, defect reduction, and process redesign. You could certainly use it to create a dystopia for your workforce, but it's not in any way intrinsic to the method. Where I was trained it was mostly used in a Toyota-like way to get relatively junior employees engaged in making things work better. Empowering rather than the other way around, I'd say.
Yeah, for some reason people think six sigma is a management technique and immediately hate on it. It's really just applying the stuff Deming and others had already established.
The only chance of him being lionized is if he turns Twitter into a high profit generating enterprise. It doesn’t look like the chance for that is high at the moment.
There was a similar case in the UK where Hoover gave away free flights for purchasing a relatively cheap hoover.
“The Hoover free flights promotion was a marketing promotion run by the British division of the Hoover Company in late 1992. The promotion, aiming to boost sales during the global recession of the early 1990s, offered two complimentary round-trip plane tickets to the United States, worth about £600, to any customer purchasing at least £100 in Hoover products.” [1]
Worked at a company where a new manager who also happened to be a partner at a recruitment agency joined. Wasn’t long before we had a whole bunch of contractors joining from this agency.
