I believe in speed and speed matters in business. In business, I consider two scenarios as I make a decision – is that decision reversible under managed risk? If so, then, I can make it without fully understanding all associated components. Simply, I do not have to do much research and studies (it is a two-way door, I can enter and come out). But where the decision is not reversible, it means the stakes are high. On that one, I have to spend more time to understand all critical components (one-way door).
When I write on LinkedIn, on a business topic, I see it as a two-way door (can edit quickly or delete). The business updates are reversible and I can write them without much effort, in minutes. But if Harvard Business Review asks me to review an upcoming book, the stakes are high, because once I send that review, I have no way to reverse my work. In that case, it is a one-way door.
Join me tomorrow at Tekedia Mini-MBA as I explain Agility in Workplaces. You can move fast and accomplish a lot in a day if you efficiently adopt the two-way and one-way door scenarios. Most times, we waste time at work on things we should not waste time, on the pretense of “understanding well”! If you cannot make calculated risks for two-day door scenarios, you may struggle to lead an agile team in this knowledge fast age.
Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.
Tekedia AI in Business Masterclass opens registrations here.
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Time is 7pm WAT (Thursday)
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Register for Tekedia Mini-MBA (Jun 3 - Sep 2, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.