Jeff Bezos explains the perfect way to make risky business decisions
businessinsider.in
4 ideas
·2.61K reads
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"Most decisions should probably be made with somewhere around 70% of the information you wish you had. If you wait for 90%, in most cases, you're probably being slow."
JEFF BEZOS
229
871 reads
Not Just Speed
It isn't just about making fast decisions.
The challenge is to make informed, high-quality decisions, with inadequate or incomplete data, and do it fast.
139
548 reads
Correcting Bad Decisions Fast
Stay flexible and be prepared for a speedy course correction of things that break down with a bad decision.
Get comfortable with uncertainty, and master the art of quickly recognizing, and correcting bad decisions.
162
522 reads
Being Wrong
It is better than nothing. Being slow leads you nowhere but being wrong while moving fast can lead you somewhere eventually.
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676 reads
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