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The "70-70-70 Rule" posits that overlapping three 70th percentile skills creates 99th percentile expertise. The Carolina Hurricanes' GM hired a data scientist to complement his own expertise in hockey and chemistry. This shows leaders can strategically hire missing competencies to build a world-class team, rather than needing all skills internally.
Most founders hire senior talent by looking for a lack of weakness. A better approach is to first define the single most critical superpower the role requires. Then, search for a candidate who is a superstar at that one thing, even if they have deficiencies elsewhere.
Leaders often feel they must have all the answers, which stifles team contribution. A better approach is to hire domain experts smarter than you, actively listen to their ideas, and empower them. This creates a culture where everyone learns and the entire company's performance rises.
Instead of multitasking, elite performers identify their single greatest talent (e.g., storytelling, coding, sales) and go all-in on it. They then build a team not just to delegate tasks, but to specifically scale and amplify that one core function, creating massive leverage from a single, focused skill.
Amazon's "bar raiser" concept involves hiring senior experts who elevate the entire team's standard. This is crucial for areas where leadership lacks deep domain knowledge, as it avoids slow, on-the-job learning and brings in immediate, high-level expertise.
The most effective leaders shift their focus from recruiting individual star performers to cultivating an environment where the entire team can innovate collectively. This subtle change in mindset from individual heroism to collective genius is crucial for sustained success.
Instead of hiring well-rounded generalists, Wealthsimple's design leadership looks for a unique, standout strength (a 'spike') in every candidate. This creates a more diverse and high-performing team, akin to a sports team with specialized player roles.
The era of deep specialization is over. Career durability now comes from being proficient (in the 70th percentile) across multiple vectors. Instead of being a master of one, aim to be a 'jack of all trades' by finding a valuable intersection of three strong skills.
The "attitude vs. aptitude" debate is misleading. Hire the person with the smallest skill gap for the role. For complex roles, hire for intelligence (defined as rate of learning), as smart people can bridge any skill or attitude gap faster.
Success isn't about being the absolute best (99th percentile) in one area, which takes years. Instead, it's more effective to become knowledgeable (70th percentile) in three complementary skills. This "talent stack" creates a unique combination that places you in the 99th percentile of a niche you define.
The most important job of a leader is team building. This means deliberately hiring functional experts who are better than the CEO in their specific fields. A company's success is a direct reflection of the team's collective talent, not the CEO's individual brilliance.