From the course: Making Key Decisions as a Manager

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Determining what type of decision you are facing

Determining what type of decision you are facing

From the course: Making Key Decisions as a Manager

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Determining what type of decision you are facing

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- Not all key decisions are created equally. Jeff Bezos, the founder of Amazon, defines two big types of key decisions. Type one decisions aren't reversible. So they require more care and time when making them. Type two decisions, though, are like walking through a door. If you don't like the decision, you can always go back. Knowing which type you are making can help you make better decisions and perhaps take less time when making them. So, for example, if you're approaching type two decisions as if they are heavy weight type one decisions, you're taking too much time. You may have less innovation and might be taking too few risks. So to be clear, here's a three-step process you can follow. First, determine what type of decision it is, type one or type two. Two, if it's type one, get serious. The decision and the process deserve serious consideration, time, and effort. And three, if it's type two, get started. Use…

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