On Decision Making

  1. Think of the most recent decisions you have made and classify them into Type 1 or Type 2 decisions.
  1. Think of some recent examples where the decision was a straightforward choice.
  2. Think of some recent examples where you might have had to juggle many different variables.
  1. Think of the most recent outcomes and evaluate what if anything you would have done different in making that decision.
  1. Let’s pick a decision to make and see if we can use the 10–10–10 process to make it.
  1. Always ask yourself “And then what?”
  2. Think through time — What do the consequences look like in 10 minutes? 10 months? 10 Years?
  3. Create templates like the second image above with 1st, 2nd, and 3rd order consequences. Identify your decision and think through and write down the consequences. If you review these regularly you’ll be able to help calibrate your thinking.
  4. (Bonus) If you’re using this to think about business decisions, ask yourself how important parts of the ecosystem are likely to respond. How will employees deal with this? What will my competitors likely do? What about my suppliers? What about the regulators? Often the answer will be little to no impact, but you want to understand the immediate and second-order consequences before you make the decision.

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Rutul Davè

Rutul Davè

Co-founder & CTO at @ilovemaxwell. Previously founded @brightfunds. http://rutuldave.com