By many accounts, Ray Dalio is a very successful person. He is most well known for being the founder and the driving force of  Bridgewater Associates, which Forbes calls “the fifth most important private company in the United States.”

However, what many people don’t know about Dalio is that he is the creator of some amazing systems that, among other things:

• Measure performance
• Spur innovative thinking
• Motivate people to develop and grow
• Position businesses for success

He credits much of his personal and business success to the creation and implementation of these systems.

One of these systems is for employee performance management. Although performance reviews are typically the bane of every employee and manager’s existence, Bridgewater has created an engaging system that gets beyond many of the pitfalls of traditional performance assessments.