Thanks for amazing video ! I needed to understand this concept well...I saw some leaders around me making lots of decision very quickly and wondered how to avoid putting project on risk without analyzing it in detail.
It’s really hard, I know. If they were making decisions REALLY quickly… before they could POSSIBLY be 40% sure that the decisions would go wrong… Then yes! You probably need to put the project at risk. But if they’re in that 40-70 zone, you’re probably ok. (Risk is a funny business too. I have a friend who works at an oil refinery. He has to go WAY beyond 70% because things will literally explode and kill people if he makes the wrong call.)
The truth is you can't ever put detailed accurate percentages on it. But the truth is, the last "30%" of information usually doesn't help you make the decision, it just helps you feel more comfortable with it. As soon as you're thinking "I could make the decision now, but I just wish I had this extra bit of information" you've probably made it to 70%...
I love this. And decisions are a huge thing that can separate good from not as good leaders.
Yep. You’re a pretty good role model for that. Decide. Do it. Decide. Do it. Didn’t work? Drop it. Or do it again better. #inspiring
@@BenCoshLeadership lol. Well I appreciate. But it is painful lol
Thanks for amazing video ! I needed to understand this concept well...I saw some leaders around me making lots of decision very quickly and wondered how to avoid putting project on risk without analyzing it in detail.
It’s really hard, I know.
If they were making decisions REALLY quickly… before they could POSSIBLY be 40% sure that the decisions would go wrong… Then yes! You probably need to put the project at risk.
But if they’re in that 40-70 zone, you’re probably ok.
(Risk is a funny business too. I have a friend who works at an oil refinery. He has to go WAY beyond 70% because things will literally explode and kill people if he makes the wrong call.)
@@BenCoshLeadership - True! with experience one should be able to judge what are risks in their domain.Thanks for elaborating the concept further 🙏
How do you know when you have 70% of the information when you feel like you don't know where the limit is?
The truth is you can't ever put detailed accurate percentages on it.
But the truth is, the last "30%" of information usually doesn't help you make the decision, it just helps you feel more comfortable with it.
As soon as you're thinking "I could make the decision now, but I just wish I had this extra bit of information" you've probably made it to 70%...