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Building ventures for People, Planet, and Profit. | Entrepreneur | Partner & Entrepreneur in Residence @ Coventures | Board professional | Change Agent | Let's venture together! | p. +358-40-77-230-77

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. 🚀

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Tom Weckström

Building ventures for People, Planet, and Profit. | Entrepreneur | Partner & Entrepreneur in Residence @ Coventures | Board professional | Change Agent | Let's venture together! | p. +358-40-77-230-77

10mo

Here's the promised link to the related longer article about the decision reversibility test, with more details: https://fs.blog/reversible-irreversible-decisions/

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Milan Rudez

Product Manager - Campaign Management & Optimisation

10mo

Was just reading today about this😀

Arto Ahokas

Advisory. I help foreign companies to establish a business in Norway, or find cooperation partners. Expert in Norwegian business culture, VAT, accounting, payroll, company establishment, and LinkedIn. AI. Norjaan!

10mo

Information about different kinds of decisions!

Arto Ahokas

Advisory. I help foreign companies to establish a business in Norway, or find cooperation partners. Expert in Norwegian business culture, VAT, accounting, payroll, company establishment, and LinkedIn. AI. Norjaan!

10mo

The decision test!

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