Spotify Executives Banned 2 Common Words from Their Weekly Meetings – ryan

Every tuesday afternion, Spotify’s Top Brass-All of Its Vice Presidents-Pile Into A Standing Three-Hour Meeting with a key rule.

“You’re not allowed to say the word ‘offline’ or ‘late’-Because is in the room,” Said Gustav Söderström, Spotify’s Co-President, on an episode of “Invest like the best” podcast tuesday.

At other companies, when conversations get uncomfortable or someone hasn’t delivered, people to work the issue. But that not Spotify’s Ethos, söderström, who also leads tech and product, Said.

Instead of Circling Back, People Are Expped to Hash Things out.

“It ‘real-time resolution-Very simple in theory but incredibly powerful in practice. Most Companies don’t do it,” he said.

Another Rule: No Bringing Direct Reports. Everyone in the room is expert to know the discussion’s details.

“I’m Trying to literally the vps to solve it themeslves ITELVES I WANT TO BE IN THE DETAILS. SO, YOU’RE NOT ALLOWED TO BRING ANYONE ELSE IN Explain Your Thing,” Söderström Said.

“You have to be on top of it enough to explain it to yourelf,” he added.

Without Direct Reports Coming and Going, The Same Group Shows Up Each Week. Over time, it Becomes a tight-knit, high-trust team, söderström Said.

Spotify and söderström did not respond to a request for comment.

Spotify’s ‘Bets’ Process

The Marathon Tuesday Seconds Part of What Spotify Calls Its “Bets” Process – A Structured Way of Decide What the Company Builds Next.

Every Six Months, Each VP Pitches A Bet.

“It”s Very Much like a startup process,” Söderström Said. “You don’t get to use the fact that gustav or alex or daniel May like you. This is like a vc Meeting, you have to convince us.”

AFTER The Pitches, The Leaders “Stack Rank” The 30 to 50 pitches. Teams THEN ALLOCATE RESOURCES BASED ON THAT LIST AND EXECUTE WHAT MAKES THE CUT OVER THE NEXT SIX MONTHS.

“It ‘s good mix of Bottom-up Innovation,” Söderström Said. Instead of reiling on the Company’s Top Executives, Spotify Brings in Ideas from Across Its Leadership and “All the Layers Below.”

“You’re going to be much better at delivering Something if you were the one who said, ‘i can this,’ than your boss said you can this, ‘söderström said.

The Company’s Stock Is Up Nearly 116% in the Last Year.