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Wednesday, January 10, 2024

Bias For Action

C'mon, Let's Develop Our Bias For Action

Heard of the Pareto Principle often referred to as the 80/20 Principle?  Which explains that more often, 80% of the results arise from the 20% most productive portion.  BUT we'll NOT discuss Pareto Principle as that is NOT my domain.  Instead, let's spend time to push hard to have that Bias For Action embedded within us💴💷💵

So, what is Bias For Action?  That is an individual's instinct to take action and make quick decisions.  What separates such individuals from the rest of the pack is that they are NOT one to shy away from CHANGE if they feel it is merited.  Taking a step farther, they are willing to take RISKs, run TESTs and embrace  in a "VUCA" [Volatile, Uncertain, Complex and Ambiguous] environment.  Where they DON'T have all the information but understand that decisions need to be made quickly.  That Bias For Action is the anti-thesis of DEFAULT BIAS where individuals favor the status quo📗📙📘

At Amazon [owned by filthy rich Jeff Bezos with a net worth of $148 Billion], Bias For Action is one of its core leadership principles.  From Jeff Bezos down the line, they preach that "SPEED MATTERS.  MANY DECISIONS ARE REVERSIBLE AND DON'T NEED EXTENSIVE STUDY.  WE VALUE CALCULATED RISK-TAKING'💎💎💎

Dan Rose, a close confidant of Jeff Bezos who was with him for 20 years, shared why that Bias For Action was a critical lesson he took away from his time in Amazon.  To quote Rose "JEFF BEZOS WAS NOT ALWAYS RIGHT BUT HE WAS ALWAYS READY TO ACT" [and as per Dan Rose, Jeff Bezos 'WAS RIGHT MUCH MORE THAN WRONG'.  He further shared it in his tweets that "WHENEVER THERE'S DOUBT ABOUT WHETHER TO ACT OR WAIT, I ALWAYS ERR ON THE SIDE OF TAKING ACTION" ✅✅✅

The last one-liner from Dan Rose was so quotable when he said "I WANT TO GET MOVING.  I'D RATHER FAIL TRYING THAN SUCCEED BY NOT ACTING".   Now, if you DON'T see yourself now with Bias For Action, not to fret as you can gain this characteristic.  Sometimes, what we need is confidence, practice and experience.  Topping all these is one's resoluteness to develop and enhance that Bias For Action as part of his persona❗❗❗

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