Changpeng Zhao (CZ), CEO of Binance, one of the world’s highest-volume cryptocurrency exchanges, shared the general principles on which he bases his life in a blog post.
Changpeng Zhao October 13 In the post he shared on Binance’s official blog site; He shared his principles on many issues such as general ethics, social life, business development, leadership and working life with his followers.
General Principles
CEO about general life fair It attaches great importance to being long term in human relations mutually beneficial to each other He is careful to establish relationships with people he thinks he might be. Positive Although she doesn’t understand what it’s like to have an attitude, she’s careful to stay positive because she sees it working. Also, instead of trying your luck in too many areas striving to be the best in a few areas. reads a lot and show your potential obstacle He stays away from the things he thinks he is.
On Understanding the World
In general, the political order it’s not perfect and can’t be is thinking. Other people’s perspectives The CEO, who recommends experience, also suggests that not all rules and laws are good, prompting people to think about this. on understanding the world The Law (1850) and Economics in One Lesson recommends her books.
On Decision Making
If it touches the basic principles of decisions during the decision-making phase, it is simply following the principles. Otherwise, your decision big or small that the results revocable or irrevocable following different approaches. Making decisions when necessary to consultants also applying.
Teams and Organization
Famous CEO, the subject of work teams is quite realist takes a perspective. Dynamic and high performance He likes to build teams. Teams are often mixing believes it should. Plenty of work feedback and believes it should be a company tradition. Employees complaining to each other not welcome. Being a team means being a family that you didn’t come believes. its employees rare verbal congratulations.
Recruitment
At the recruitment stage passionate Expressing that he is trying to recruit people, Changpeng said, money and title He does not like to work with people who give too much importance to commodities such as
Leadership
Trying to motivate unmotivated employees inefficient Stating that it is a method, CZ defines a business model that every stage needs to be controlled. inefficient finds it. In addition, to measure an employee’s performance after the recruitment process, only your results recommends its use.
Goals
CEO goal setting disadvantage goal setting, claiming that not recommend. He says that the goals are mostly not scientifically based, if they are not met, they create a feeling of failure, and if they do, they lead people to laziness. Also when Binance was founded 3 best in the world for the year 10 that they aim to enter the stock market, but 5 the world in a month the best points out that the goals are not rational.
Business Agreements
When drafting employment contracts simple takes care to keep it. Dissolution believes that the clause should definitely be found and not the average or worst scenarios when drafting the contracts. worst case scenarios takes care to consider.
Business Development
on business development large and splendiferous He always prioritized with her by stating that she was not caught in the agreements. for companies that want to work He says he gives. Moreover Warren Buffett People who say they don’t believe in crypto like persuasion He doesn’t waste time trying to do it. on crypto does not visit unfavorable countries, positive countries, no matter how small Visiting and It helps.
Working style
About the working style Time is always a more valuable resource than money. Noting that he is the CEO, when necessary the importance of saying no underlines.
Communication
Your communication is always pragmatist, simple and short believes it should be. He learns the news from the source. It does not support over and under communication.
meetings
meetings as possible. short and concentrated holding. He enters meetings 1 minute early, strictly checking his equipment before entering. Takes notes before meetings and from all unnecessary meetings avoiding.
Products
In the product and delivery section only scalable products working on it. It always puts users first.
Public relations
In cases where journalists reach him about an event in the Public Relations and PR department most of the time you answer because otherwise it’s always worst case scenario He also states that it should not be delayed in responding to negative news. Apart from these, instead of planning news or events that need to be shared, when they are ready It supports sharing.
Rest and Stress Relief
Finally, apart from the CEO work relax, rest and have fun also quite important points out that. per day 5-6 clock night sleep sleeper and 30-45 Stating that he has siesta every minute, Changpeng thinks that everyone has their own sleep time. Usually to relax daily exercise stated that the CEO snowboard dealing with occasional watching a movie and a new city or the country when you visit touristy doing things. Apart from these, in general eating with friends and from chatting she is enjoying it. With luxury cars or jewels not interested. He still stays in luxury hotels and gets invited to fancy parties. He doesn’t like parties very much. Moreover all kinds of technological toys that he has never used that you are in states.