A LEADERSHIP PRIMER - [lesson 15]
Part I : "Use the formula P=40 to 70, in which P stands for the probability of success and the numbers indicate the percentage of information acquired"
Part II : "Once the information is in the 40 to 70 range, go with your gut"
Don't take action if you have only enough information to give you less than a 40 percent chance of being right, but don't wait until you have enough facts to be 100 percent sure, because by then it is almost always too late. Today, excessive delays in the name of information-gathering breeds "analysis paralysis." Procrastination in the name of reducing risk actually increases risk.
General Colin Powell - Chairman (Ret), Joint Chiefs of Staff - Former Secretary of State - USA
Remember that everyone you meet is afraid of something, loves something, and has lost something - French Proverb
Sutera Harbour Golf and Country Club
2 years ago
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