By surrounding yourself with smart people who feel empowered to challenge you;

A) You demonstrate that you’re confident and not territorial with your positions,
B) You eliminate the risk for group-think and “yes” people,
C) You showcase a mindset that contributes to constant learning and

These three alone will increase your chances of success.

“David Ogilvy, widely revered as a founding father of modern advertising (and founder of one of its most famous agencies), is credited with the following:

”If you ever find a man who is better than you are – hire him. If necessary, pay him more than you would pay yourself.” (1968 paper on principles of management)

He is also reputed to have once presented each of his board directors with a set of Russian dolls. When they opened the dolls, the smallest had a piece of folded paper inside on which Ogilvy had written:

”If you always hire people who are smaller than you, we shall become a company of dwarfs. If, on the other hand, you always hire people who are bigger than you, we shall become a company of giants.”

 

Edited by Altan Atabarut, Entrepreneurship Academy. 2019