Be Comfortable With Good Enough

To make good decisions, we generally need to do the following:

• Identify the decision: recognizing the need to make a decision, and identifying what that decision involves.
• Set our goals: establishing what we want to achieve with the decision...

Being able to make decisions when you know you have imperfect data is so critical. I was always taught that “A good decision now is better than a perfect decision in two days.” Many people I know in business recoil at that statement. Many colleagues in graduate school had come from places where t...

Judgment is the ability to combine personal qualities with relevant knowledge and experience to develop opinions and make decisions. Good judgment is vital in the absence of clear-cut, relevant data or an obvious path. Yet it is challenging to move from understanding what judgmen...