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