Brunei Darussalam

DEE HOCK’S DICTUM

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A few days ago while waiting my turn to see a bank officer, I picked up a magazine and was immediately drawn to the the title “Hiring and Getting it Half-Right.” It was the first time I came across the name Dee Hock who is the founder and former CEO of Visa.  When I got home, I looked up the name and was led to this incredible revelation. In his 1991 Business Hall of Fame acceptance speech Hock explained:

“Through the years, I have greatly feared and sought to keep at bay the four beasts that inevitably devour their keeper — Ego, Envy, Avarice, and Ambition. In 1984, I severed all connections with business for a life of isolation and anonymity, convinced I was making a great bargain by trading money for time, position for liberty, and ego for contentment — that the beasts were securely caged.”

© Jan Shim Photography

Going back to the magazine article about interviewing new candidates and the odds of hiring the right people, “When we consider the criteria for hiring someone, many of us would feel that the critical factor is Experience. That seems like a logical must-have factor. Consider that for the highest job of the land in the United States, this was what initially counted most seriously against Barack Obama. Both Hilary Clinton and later John McCain tried to use the lack-of-experience factor against the young, first-term senator from Illinois. And yet, when I came across for the first time Dee Hock’s dictum, I felt it spoke a most important, if difficult, truth and this is what he has to say about hiring people:

“Hire and promote, firstly, on the basis of integrity; secondly, motivation; thirdly, capacity; fourthly, understanding; fifthly, knowledge; and lasts and least, experience. Without integrity, motivation is dangerous; without motivation, capacity is impotent; without capacity, understanding is limited; without understanding, knowledge is meaningless; without knowledge, experience is blind. Experience is easy to provide and quickly put to good use by people with all the other qualities.”  – PRESTIGE Singapore Magazine | Aug 2009

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