Welch showed that profits soar when the company's interests and the workers' interests are aligned. Anxious to repeat Welch's magic touch, corporate leaders are dismantling their authoritative structures and replacing them with meritocracies. In these workplaces, people with bright ideas, passion and commitment are rewarded, and slackers are routinely booted. No, but it's become fertile ground for growth both professionally and perhaps even personally. You believe in informality and open-door management, but there are critics who say formality is what makes big business work.
Formality is the killer of business.
Informality is what makes a company work when everyone can speak out, when everyone has voice, when the quality of an idea is not measured by its level in the organizational blocks but only by the quality of the idea. This isn't just about first name stuff. This is about being able to try things, to win things. This is about being able to celebrate. This is where you spend your life, have a ball at it.