Swift Decisions for CEOs: The 'Decision Reversibility Test' 🔄 CEOs I've worked with have come to value easy to grasp, yet powerful tools. 🛠 Here's why: In strategy formation and strategy execution work with CEOs and management teams, we noticed that people are often hesitant to make decisions, resulting in fluffy strategies or lagging execution. ⏳ Another finding is that complex strategy frameworks are way more difficult to roll out than it might seem at first look, costing time and money, which you often lack. 🕰 💸 Luckily, there’s an ingenious tool that simplifies this process remarkably - the Decision Reversibility Test, a concept championed by Jeff Bezos. Here’s how it works: Ask yourself, "Is the decision I'm about to make reversible or irreversible?" 🤔 This straightforward question can save you countless hours of deliberation. 🔄 Reversible decisions are like 'two-way doors'. They allow for quick experimentation and learning. If an outcome is less than favorable, you can backtrack and try another route without significant loss. ➡️ Irreversible decisions, on the other hand, are 'one-way doors' that require more caution and consideration, as they can have long-standing impacts and are not easily undone. Employing this test empowers you to distinguish between decisions that merit speed and those that demand your utmost scrutiny. 🔗 For an in-depth dive into the Decision Reversibility Test, check out the comments below. Interested in enhancing your strategic toolkit? Connect with me for insights that sharpen your leadership edge. 🚀
Was just reading today about this😀
Information about different kinds of decisions!
The decision test!
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10moHere's the promised link to the related longer article about the decision reversibility test, with more details: https://fs.blog/reversible-irreversible-decisions/