Link: http://philip.greenspun.com/bg/1. Choose Your Grandparents Carefully 2. Choose Your Parents Carefully 3. Acquire Research Results by Hiring and Buying 4. Let Other People Do the Programming 5. Train your new CEO 6. Focus on Profit 7. Let the Venture Capitalists Schmooze Wall Street 8. Self-Esteem is Not Job 1
i think this can also be applied to non-IT companies 
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