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The Chaordic Entrepreneur: How Dee Hock Achieved Success

Article Overview: Even if you have not heard of him, chances are your wallet is very grateful to Dee Hock. The founder and former CEO of VISA, Hock was no ordinary entrepreneur. He left the business world at the top of his success to focus on creating a new organization theory centered around chaordic organizations. Today, his business and theoretical legacy live on.

The Chaordic Entrepreneur: How Dee Hock Achieved Success

Even if you have not heard of him, chances are your wallet is very grateful to Dee Hock. The founder and former CEO of VISA, Hock was no ordinary entrepreneur. He left the business world at the top of his success to focus on creating a new organization theory centered around chaordic organizations. Today, his business and theoretical legacy live on.

Hiring: Make no mistake, Hock had several strengths and he knew what they were. But in order for his company to achieve success, Hock also knew that he would have to compensate for his weaknesses. That is why in making his hiring decisions, he not only looked for people that had integrity, passion and capacity, but for people who had strengths where he himself lacked.

Leadership: Hock was the dream boss – once he had made the commitment to bring someone on his team, he gave all of those around him the freedom to do what they do best. Leadership, for Hock, was not about controlling people and forcing them to do their tasks. It was about inspiring people to want to do the best job they could.

Creativity: If there is one thing Hock will always be remembered for, it is his creative thinking. He refused to operate according to the status quo, and challenged the very principles by which companies ran themselves. After all, he said, “Failure is not to be feared. It is from failure that most growth comes; provided that one can recognize it, admit it, learn from it, rise about it, and try again.”

Purpose: Hock was an atypical businessman in that he could not be motivated by money. He believed that purpose always had to have principal. That is why he left VISA in 1984, because he felt he had achieved his true purposes – proving the effectiveness of his concepts of organization.

Participation: The very way in which Hock organized VISA was one of the key reasons for success at a time when the industry was crashing down around it. By encouraging participation, ownership, and even competition, Hock created a new “fractal system” that was indeed fully functional.

Hock was a pioneer behind a new breed of organization, one that operated according to the joint principles of chaos and order.

“We are at that very point in time when a 400-year-old age is dying and another is struggling to be born - a shifting of culture, science, society, and institutions enormously greater than the world has ever experienced,” he said. “Ahead, the possibility of the regeneration of individuality, liberty, community, and ethics such as the world has never known, and a harmony with nature, with one another, and with the divine intelligence such as the world has never dreamed.”

Hock enjoyed pushing the boundaries and living on the edge of his theories. His legacy in the form of VISA and organizational theory live on, and continue to operate the way in which the world does business today.

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Article Tags: business world, ceo, chaordic organizations, dee hock, entrepreneur, legacy, new organization, organization theory, visa, wallet



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