Think Like an Owner

Savneet Singh - Urgency and Culture - EP.255

57 snips
Jan 7, 2025
Savneet Singh, CEO of PAR Technology, shares his expertise on urgency and organizational culture. He reveals how creating a sense of urgency drives decision-making and aligns teams. The discussion covers innovative compensation models that retain talent and ensure culture evolves effectively. Savneet also dives into M&A strategies, emphasizing synergy through product integration, and discusses lessons learned from design missteps. Plus, he highlights the role of AI and data in shaping the future of PAR.
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ANECDOTE

Objective Evaluations

  • Savneet emphasizes making evaluations with direct reports as objective as possible.
  • He uses scorecards and culture scores to guide conversations rather than personal impressions.
ADVICE

Project Urgency

  • Leaders should project urgency as a core value within their teams.
  • Savneet suggests being deliberate about embedding urgency in the company culture.
ADVICE

Evaluation Cadences

  • Conduct performance reviews twice a year to assess team members.
  • Use peer rankings and direct reports to evaluate how well individuals live company values.
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