Ray Dalio in his book “Principles” postulates five ways to build and evolve any organization. He uses a word machine to represent any organization. In his word machine is the combination of both ‘people’ and ‘design’.
The five ways he experimented during his journey in Bridgewater to build and evolve this machine were:
- Identifying our goals.
- Encountering our problems
- Diagnosing those problems to get at their root causes.
- Designing changes to get around the problems and
- Doing what is needed
See more about principles here.