Jeff Bezos - High-Velocity Decision Making
In the business world, Jeff Bezos advises a "bias for action" – make decisions with 70% of desired info. This prevents analysis paralysis and leads to faster progress.
Bezos, founder of Amazon, believes in making quick decisions with a reasonable amount of information. This accelerates progress and reduces the risk of overthinking and getting stuck.
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High-quality, high-velocity decision-making
Bezos offers a set of guidelines for how to make decisions at high-velocity:
- Understand that decisions can be reversed:
- Bias towards action: Most decisions should be made with close to 70% of the information needed. Waiting for 90%+ informatio...
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