Meet Valve, the company “managing without managers”

Business Insider has published a small article about Valve a 16-year old company that has no corporate hierarchy whatsoever.

Valve’s basic approach to “managing without managers” is:

  • hire only incredibly self-motivated people
  • give them full autonomy to decide what project to work on
  • teach them to spot valuable projects, and to understand what value they can add to those projects
  • allow team structure to happen organically – teams self-select, leaders are chosen by their peers
  • encourage people to acknowledge and learn from mistakes quickly to move forward
  • make everyone responsible together for the success or failure of projects

and finally (and most critically):

  • determine the value and compensation of each employee by peer review

Read the full article to learn more