Type 1 and Type 2 Decisions (Jeff Bezos)

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Munadil Shafat
Student (MBA), Bangladesh
🔥NEW We are used to approach decision making from many different angles… strategic to operational, personal to professional, long-term to short-term and so forth. Back in 2015, Amazon's CEO Jeff Bezos shared that being able to distinguish between 2 types of decisions had proved to have great impacts on Amazon's success. It was in a letter to Amazon's shareholders where he started with saying how once a simple startup Amazon has since become matured and eventually built 3 profitable business lines – Prime, Marketplace and AWS. Unlike many he acknowledged the presence of luck in each of those endeavors as he wrote, "Luck plays an outsized role in every endeavor, and I can assure you we've had a bountiful supply." But he also thinks decision making had a unique role as well. Even though many of their decisions proved to be a failure, he described failure as a part of Amazon's distinctive culture and that Amazon is "the best place in the world to fail". In that letter he clarified why even thos (...) Read more? Sign up for free

  Maurice Hogarth
Consultant, United Kingdom
 

A Decision Made is not the Same as a Decision Taken

I am struggling with the precise wording of the co (...)

  Steve Player
Director, United States
 

Examples of Type 1 and Type 2

I want to thank the original submission for a usef (...)

  Maurice Hogarth
Consultant, United Kingdom
 

Decision Types 1 & 2 + 3?

@Steve Player: Thanks Steve, clarification appreci (...)

  Jaap de Jonge
Editor, Netherlands
 

An Interesting Further View to Reversability of Decisions

Thanks Maurice for explaining the subtle differenc (...)

  Steve Player
Director, United States
 

Focus on Type 2 Decisions can Lead to Greater Agility

@Jaap de Jonge: Thanks to both you and Maurice for (...)

  Jaap de Jonge
Editor, Netherlands
 

Agile Decision Making

Thanks Steven for sharing that example about diffe (...)

  Munadil Shafat
Student (MBA), Bangladesh
 

Decision Making or Taking!

I'm really fascinated to see such a deep discussio (...)

  Maurice Hogarth
Consultant, United Kingdom
 

Decision Classifying or Scaling

@Jaap de Jonge, Steve Player: Thanks Steve / Jaap. (...)

  Libardo Daza
Business Consultant, Colombia
 

Libardo Alberto Daza, Consultor, Miembro, Colombia

@Maurice Hogarth: A todos muchas gracias por compa (...)

  Rick McPherson
Teacher, United States
 

Great Way to Think About Making More Timely Decisions

As both a former executive and an educator, I find (...)

  Graham Williams
Management Consultant, South Africa
 

Decision Types 1 + 2 + 3 + ...

Quite a comprehensive discussion! I found @Jaap's (...)

  Maurice Hogarth
Consultant, United Kingdom
 

The Choice of Consequences

Graham Williams; as you say 'When faced with a cho (...)

  Graham Williams
Management Consultant, South Africa
 

Decision Types 1 + 2 + 3 + $ +

Rational decision making, whatever the nature of t (...)

  Jaap de Jonge
Editor, Netherlands
 

Type 1 and Type 2 Decisions (Bezos of Amazon)

Thanks all for sharing your views. Sometimes the b (...)

 

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Type 1 and Type 2 Decisions (Jeff Bezos)
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