Tag: decision making

Learnings

There is never 100 percent certainty

Chris Labs

No matter how much data you’ve been given, it’s still, ultimately,a risk. and the decision to take that risk or not comes down to one person’s instinct. Don’t sacrifice being nimble and acting fast to collect more data and deliberate for eternities. This isn’t to say that research and deliberation aren’t important. You have to do the homework. You have to be prepared. But there’s never 100% certainty. Steve Jobs hates the CEOs who can’t make decisions themselves. The Ride of a lifetime, p.125 Continue reading There is never 100 percent certainty

Learnings

Don’t let your ego get in the way of making the best possible decision.

Chris Labs

When Robert Iger became CEO of Disney, one of the first thing he tried was to make peace with Roy Disney who had left the board and we’re openly criticizing theexecutives (especially Michael Eisner). When Robert was named CEO, Roy decided to sue the company to contest Bob’s nomination. Bob could have easily reacted with his ego and sued the company. Instead, he sat down with Roy to defuse this argument. He made Roy feel important (which was free to DIsney) and this respect saved a lot of time and money to the company. The Ride of a lifetime, p.120 Continue reading Don’t let your ego get in the way of making the best possible decision.

Being CEO, Learnings

Not sure how this will work? Time to ask the hard questions.

Chris Labs

In those instances in which you find yourself hoping that something will work without being able to convincingly explain to yourself how it will work – that’s when a little bell should go off. Then you should ask yourself clarifying questions. What’s the problem I need to solve? Does this solution actually makes sense (rationally)? If I’m feeling some doubt, why? Am I doing this for sound reasons or am I motivated by something personal? -The Ride of a Lifetime, p.65 Continue reading Not sure how this will work? Time to ask the hard questions.