“When a company is formulating strategy, it is useful to consider critiques, problems and likely reasons for failure.”
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How to Calibrate Your Decisions Wisely
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Similar ideas to Fifth: Consider what could go wrong.
Things constantly go wrong no matter how smart and hardworking you are. So, continuously and methodically consider ways a plan could go wrong and plan how to avoid each obstacle.
Make a list of how to fail, so you will be prepared when roadblocks come. Apply this principle by listing the wa...
Just because we know and understand the concept of conjunctive events bias, we are not automatically immune to it.
When we are planning, it is useful to run through our assumptions with this bias in mind. We should be more pessimistic about our plans and consider the worst-case s...
Expose yourself to difficult situations through imagination and you’ll be stronger and less vulnerable in real life situations. our an...
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