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How The World's Second Richest Man Makes Decisions
- Jeffrey Bezos is the founder and former CEO of Amazon.
- With a net worth of US$182b, he's the world's second wealthiest person.
The Jeff Bezos Reversible vs. Irreversible Decisions Framework is a powerful mental model for unlocking growth in your career, business, relationships, or life.
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178 reads
MORE IDEAS ON THIS
There are some subtle traps that even high-performing large organizations can fall into as a matter of course, and we’ll have to learn as an institution how to guard against them. One common pitfall for large organizations – one that hurts speed and inventiveness – is ...
JEFF BEZOS
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145 reads
The Three Dimensions
Decisions can be broken down in three dimensions:
1 Resource investment from a decision
2 The overall impact of a positive outcome
3 The impacts of a negative outcome
The process involves plotting a point along each spectrum to determine overall importance.
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136 reads
Going In A Flow
Irreversible and reversible decisions exist on a continuum—they're not binary.
You need to plot your decision against each spectrum to determine the importance of the decision.
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141 reads
The Bottom Line
- Once you start using this framework, you'll quickly learn that the vast majority of decisions are reversible.
- This will unlock considerable progress for yourself, your career, or your business.
- We should always aspire to speed, because time is the one resource we lack most.
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93 reads
Irreversible And Reversible Decisions
Some decisions are consequential and irreversible or nearly irreversible – one-way doors – and these decisions must be made methodically, carefully, slowly, with great deliberation and consultation. If you walk through and don’t like what you see on the other side, you can’t get ...
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139 reads
Applying The Decision Framework In Our Lives
Step 1: Determine whether the decision is reversible
Step 2: If it's reversible, have confidence in making the decision quickly
Step 3: For irreversible decisions, slow down and gather more information before deciding
Reversible...
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105 reads
CURATED FROM
CURATED BY
Most decisions are reversible.
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