Reversible and Irreversible Decisions
Jeff Bezos on how to delegate some types of decisions (2-way doors), while spending majority of your time & resources on the others (1-way doors):
“Some decisions are consequential and irreversible – one-way doors – and these decisions must be made methodically, carefully, slowly, with great deliberation and consultation. We can call these Type 1
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"I think about decisions in three ways: hats, haircuts, and tattoos.
Most decisions are like hats. Try one and if you don’t like it, put it back and try another. The cost of a mistake is low, so move quickly and try a bunch of hats.
Some decisions are like haircuts. You can fix a bad one, but it won’t be quick and you might feel foolish for awhile.
... See moreWise up - Jordan Harbinger
When you don’t know what to do in a given situation, oftentimes the best thing you can do is to just do something.
Why?
Because doing something — even if it’s not right or perfect or brilliantly executed — has a way of cutting through paralysis.
Doing something also removes the anxiety of an open loop. It eliminates the
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Such a simple but powerful framework by Bezos.
Bad leaders spend way too much time on type 1 decisions because:
- They can’t distinguish type 1 & 2 decisions
- They don’t fully trust their people https://t.co/QHPzQ2L3QR