Ray Dalio on Failure, Meaningful Work and Relationships
Masters in Business
00:00
Believability Weighted Decision Making
At bridge, people vote on whether a decision is "believable" or not. The votes are weighted according to their expertise and skill set. This makes it easier for the CEO to make decisions when others disagree with his view of an issue. It also allows employees to feel empowered by rules of fair democratic process.
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