McKinsey: Decision making in uncertain times

“Leaders know that making good, fast decisions is challenging under the best of circumstances. But the trickiest are those we call “big bets”—unfamiliar, high-stakes decisions. When you have a crisis of uncertainty such as the COVID-19 pandemic, which arrived at overwhelming speed and enormous scale, organizations face a potentially paralyzing volume of these big-bet decisions.”

1. Take a breath

2. Involve more people

3. Make the critical small choices

4. Set up a nerve center

5. Empower leaders with judgment and character

Go big or go home