Principles and purpose matter
Patrick Collison, CEO of Stripe, stressed the importance of principles in the successful growth of a company in this interconnected world, where multiple and cross-border presence is likely. When multiple time zones and rapid pace make communication challenging, “Principles matter. What are we building and how do we make decisions?” Sheila Johnson of Salamander Hotels and Resorts agreed. She said, “We want every employee to feel like they are owners, too,” through opportunity and a shared vision that help them make hard decisions.
Steve Case, Mark Zuckerberg, and Sheila Johnson, among others, considered purpose to be a central tenet of success. Purpose was one of Case’s five P’s, as he shared that “it’s more important to want to DO something than want to BE something.” Similarly, in his conversation with President Obama and entrepreneurs from the UAE, Rwanda, and Peru, Zuckerberg reflected, “Entrepreneurship is about creating change, not just about creating companies.” “What really counts is making a difference in someone’s life,” said Johnson.