My previous company was in this culture. It works very well. But it is a small company. So, I don’t think a large enterprise would work as most of the large enterprises are very hierarchy and bureaucracy, full of politics.
https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/givers-take-all-the-hidden-dimension-of-corporate-culture
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Blog of Wan Leung (Chris Wong, wanleung)