Alex Ferguson shares his winning formula for running a team. Same rules for business teams apply?
♦Start with the foundation
Bring in young players and build a youth system
that will sustain the club for years rather than signing
veterans for short-gain success.
Dare to rebuild your team.
Don’t be afraid of being fired, make decisions based on what the team will look like in four years.
♦Set high standards and hold everyone to them
♦Never, ever cede control
Get rid of an employee if he’s creating discord,
even if he is the best player in the world. Don’t worry about whether employees like you.
♦Match the message to the moment
When to criticise players and encourage players depends on the context of a situation.
♦Prepare to win
If you’re down 2-1, you might as well put on an extra offensive player and lose 3-1 rather than play conservatively and lose 2-1 anyway.
♦Rely on the power of observation
Delegate managing practices to assistant coaches so you can simply watch and observe each player.
♦Never stop adapting
I believe that you control change by accepting it.