A good decision now, on imperfect data
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 they were analysts at a company and their job was to analyze and analyze and analyze. They couldn’t believe somebody would say that you should actually encourage people to make a decision with imperfect information — but I firmly believe you should. I think that’s really important for leaders to incorporate. It’s something that the White House has to do all the time. It’s great to analyze things but at some stage you’re just spinning your wheels.
54
210 reads
The idea is part of this collection:
Learn more about problemsolving with this collection
How to synthesize information from multiple books
How to analyze a book
How to set reading goals
Related collections
Similar ideas to A good decision now, on imperfect data
A good decision-maker doesn't dwell on small choices
While it’s worth taking time to settle larger decisions, don’t expend too much time and energy on the small stuff.
And don’t stress about the quality of your decision-making on these small choices either. Although the term decision fatigue — i.e., the more...
Start with praise to engage with a narcisist
Acclaim in the begining, can be a powerful antidote to a narcissist’s insecurity. And most leaders are a bit narcisists. It doesn’t help to bury criticism between two compliments: Beginnings & ends are more likely to stick in our memories than middles, & narcissists are especially likely to ignor...
SET YOUR PRIORITIES
- Have a List – Many people say, “I know what I have to get done.” But, they don’t have a list. Until you have written your tasks down and compared them against each other, it is difficult to have a clear picture of what is truly important.
- Rank Your Priorities...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates