5min chapter

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Guest Episode: Decoder with Nilay Patel: Why the future of work is the future of travel, with Airbnb CEO Brian Chesky

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CHAPTER

The Theory of a Functional Organization

Silicon Valley legend Steve Wozniacki is the CEO of a software company. He says he went back to a functional organization after Apple's financial crisis in 97. The new structure allows him to focus on one problem and make decisions faster, he says. But it also stifles innovation which has been key to his firm's success.

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