
Going deep on Constellation Software with Mostly Borrowed Ideas (MBI)
Liberty's Highlights
Ownership Fuels System Improvement
Mistakes in acquisitions are instructive, highlighting the importance of systemic learning within organizations. Employees feel a strong sense of ownership in their work, especially after many years, which fosters a commitment to improving the system. Unlike many Silicon Valley companies that operate as decentralized units, where individual teams are encouraged to be independent and entrepreneurial, organizations like Constellation cultivate a cohesive environment where team members perceive themselves as belonging to a larger whole. This sense of connection, coupled with reduced bureaucracy, creates a satisfying work atmosphere, even if compensation may not match that of larger tech firms. The focus on small, high-performance teams enhances the feeling of ownership and collective responsibility among employees.