How To Build a Powerful Performance Review System That Works

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.

13 Qualities of Successful Business Leaders

A few years ago I attended a keynote speech from Pat Williams, Senior VP of Orlando Magic. His topic was the “Thirteen Qualities of Winners”.

Williams has had an amazing amount of leadership experience in the sports world at different levels within multiple franchise organizations. Perhaps his biggest venture was establishing the Orlando Magic NBA team, which is where he was at the time of the speech.

After I reviewed his list, it became very clear that the 13 qualities he identified equally apply to business leaders. If a business leader does not have these 13 qualities, they and their business’ potential, will be limited.

I took the liberty of replacing the word “Winners” with “Successful Business Leaders” in the list of 13 qualities below. This list describes the attributes of a successful business leader!