How to make (right) decisions
▻https://hackernoon.com/how-to-make-right-decisions-50a1cf850320?source=rss----3a8144eabfe3---4
As a CEO, your biggest leverage is in decision making. In fact once you cross the early stage of a company, the two most important (and frequent) things you end up doing are — decision making and communicating. So, if the decisions you take can make or break your startup, how do you take the right decisions?Basis my learning over the last 5 years, I have realized there are 3 key attributes of decision-makingImpact — how many lives it touches, till how long will it affect, does it significantly #impact the key metrics etc.Complexity — both in terms of gathering the data you need to make that decision and once decided the effort that goes into executionReversibility — if you end up taking the wrong decision how easily can it be undone, if at all.While you are evaluating each decision against these 3 (...)
#decision-making #entrepreneurship #complexity #reversibility