The worst mistake a manager can make is taking decisions as if everyone would be like them, think like them, adhere to their same set of values and principles, care as much as them, earn as much as them.
Shifting perspective and accepting that others have different views seems to be one of the biggest challenges when you are in a position of power.
When you are under pressure, mistakes happen.
Luckily, not all mistakes will cost you $100 billion. And most importantly, you are the one deciding what pressure to bow to. Not everything is worth pursuing, not all chances are worth taking, not all competitors are worth following.
Sometimes the wise response is to slow down and let go. It’s always a viable option.
A little data is always better than no data. Because no data is the realm of opinions, hearsay, gossips, and past experiences.
A lot of data is sometimes better than a little data. Because a lot of data can be confusing, irrelevant, misleading.
A good amount of data is difficult to strike. Because when you start getting data, you want more, and that’s when you end up with a lot of data and the problems from the paragraph above.
The point is that data is useful and should be used, as long as, at some point, you can say “enough!”.
Winning and (not) losing is the focus for many.
But that doesn’t matter.
What truly matters is:
Wins and losses are outcomes, you can’t control those.
Focus on the input instead.
No surprises there.
One of the things people misunderstand about average is that it is not necessarily stable over time.
Average can scale, it can get things done, it can make a difference in the long term.
It’s just a matter of consistency and perspective.
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