How does one make good decisions?
Well, it’s not easy for sure. And some would say that the decision itself doesn’t matter, much, and that it’s the follow through that’s truly critical.
But many people and organizations get stuck at the time of making a decision itself. Analysis paralysis. What to do in such cases?
Jeff Bezos the founder of Amazon provided a stellar method, in one of his letters to shareholders back in 2015.
He said that the focus should simply be on whether the decision is reversible or not. If it is, then go ahead, make a decision, and don’t waste further time on discussing whether the decision itself is the right one or not. Explore and exploit. If things don’t work out, the decision can anyway be reversed.
Of course, if the decision is irreversible, then take adequate care, planning and strategizing, before making the final call.
A great focus point I think, in order to keep moving ahead in life!