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The Pirates’ Code

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The Pirates’ Code
Topic: Management 9:55 pm EDT, Jul 18, 2007

The pirate system was based on an important insight: leaders who are great in a battle or some other crisis are not necessarily great managers, and concentrating power in one pair of hands often leads to bad decision-making.

Pirate governance, peculiar as it may sound, offers an intriguing example of how limits on executive power can actually make an enterprise more successful and, because workers are convinced they’re being treated fairly, can deepen their commitment.

The Pirates’ Code



 
 
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