Successful organisations disagree then commit to their decisions after mitigating risk by setting up subsequent decision triggers in advance to take corrective action when reality does meet expectations.
Between stimulus and response there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom - Viktor Frankl
How Not What
How you decide have more value than what you decide.
Making incorrect decisions is inevitable and good decisions can still lead to bad results. There is no choice on fate but it is a choice to have the discipline to document each decision process knowing that what gets documented gets improved.
The power of DAOs are that decisions have an immutable transparent history.
So the act of how to decide needs to be considered process map more to help reach rough consensus.
Balance purpose with priorities. Use automation to combat decision fatigue and focus on what matters most.
- What is is the best use of your time and energy?
- Do you believe expected outcomes are possible?
- Have you calculated that projected outcomes are worth the effort?
- Are those outcomes aligned with your value system?
One way or reversable?
- Strategic decisions
- Placing competitive bets
- Routine choices and judgments
- Improving KPIs
How much are are you willing to bet on risk vs reward?
Are you asking the right questions?
- Consistent through discipline
Gather facts, known risks, inputs and volatilities.
Schedule time for deep work.
Weigh decisions against your cognitive biases.
- Innovating in Bets - A16z
- A Leaders framework for Decision Making
- Hurts So Good - Paul Bloom