Develop a "Probabilistic" Approach to Managing Uncertainty
Our new world of sensors, smartphones, and connected devices means more data than ever - but does it also mean that it's getting easier to make well-informed decisions? Quite the contrary, in fact. What's more important than how much data you have is how it frames the way you think. Too often, leaders under pressure to appear decisive attempt to deal with complex issues with simple rules or analogies, selectively using data to justify poor judgment calls. But what if rather than trying to be right, you could be less wrong over time?
When faced with uncertainty, how should leaders react? Should they make a big bet, hedge their position, or just wait and see? Investors and traders might be adept at managing risk and unforeseen events, but in other industries, leaders can be blindsided by the unknown. We naturally tend to see situations in one of two ways: either events are certain and can therefore be managed by planning, processes, and reliable budgets; or they are uncertain, and we cannot manage them well at all. Fortunately, there is another approach.
Airbnb Reflections: Reid Hoffman, Greylock With Airbnb's IPO, I thought the time was right to take a look back at the past decade (Greylock led Airbnb's Series A in November 2010) and reflect on what I learned from the journey. This essay is based on a Greymatter podcast episode.
The Three Questions to Ask When Hiring Your Startup's Head of Sales Mark Roberge, the former Chief Revenue Officer at Hubspot, has spent 20 years in startups. As he told me a while ago, he has observed the lack of sales management and sales execution skills as one of the most consistent deficiencies limiting the potential of early stage SaaS companies. Sales execution deficiency manifests itself at roughly the same time as product market fit. There might be 20-30 people at the startup which is generating about $1-2M in ARR with 2-5 salespeople.
Wonder Woman 1984 is 'ingenious' Gal Gadot returns as the Amazonian Princess Diana in this "funny, sweet-natured, brightly-coloured adventure", writes Nicholas Barber.
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Dharmendra ji is leading our flood relief in Bihar and a source of constant inspiration for us to provide more help to the flood victims. You can call him @ 9431477171 if you want any direct feedback from the ground level or for sending any material. Convenient timings to call: 7:00 AM to 9:00 AM in Morning (IST) 10:30 PM to 12:00 AM in Evening(IST)
Latest Update: Health care, a prime concern at the moment. As the water is receding in some areas, they are becoming epidemic prone !
This blog has information received from Bihar on flood relief efforts undertaken by AID, AID India and partners. Donations links:
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