   
 | From the Editor's Desk
All Companies Should Live by the Jeff Bezos 70 Percent Rule A guide to making business decisions--even without all the information--inspired by the Amazon founder.
There are times when companies move too swiftly into a decision that hurts them. There are also occasions when they're too slow and they fail. Jeff Bezos lives by a rule that addresses that problem.
In a 2016 annual shareholder letter, Bezos talked about his approach to decision making. He suggested that while it's always nice to have access to all of the information someone wants, in the vast majority of cases, waiting until you know everything you should know is a problem.
"Most decisions should probably be made with somewhere around 70 percent of the information you wish you had," Bezos wrote in the letter. "If you wait for 90 percent, in most cases, you're probably being slow."
That's a framework that every business owner should adopt.
Continued here
TradeBriefs: Newsletters for Decision-Makers!
Advertisers of the day
Emeritus: PG Diploma in Innovation & Design Thinking online program | Accepting applications - Starts on May 4, 2021
Emeritus on behalf of NUS Business School: Apply for NUS Business School's Python for Analytics programme - Starts on May 13, 2021
Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails.
Want the newsletters, without the promotional mailers?
Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month.
| |
Editor's Note: The first participant in its phase three trials will be dosed this week. If successful, that could lead to an approved shot in the fall. Valneva's shot is the only candidate in clinical trials in Europe that uses a tried-and-true vaccine technology involving an inactivated version of the whole virus it's targeting.Digital |
|
No comments:
Post a Comment