One of the first things I do when I take on a new CEO client is to ask, “What percentage of your decisions are good?”
I get two answers: forty-five percent or ninety percent. [True.]
I ask the same question of the same CEOs some time after we’ve been working together.
I get two answers:
1. The former 90%-ers now say, “Forty-five percent.”
2. The former 45%-ers now say, “About the same, maybe 50%, but now I know why.”
In making decisions, CEOs are going to make a lot of bad ones. If you follow the math above, more bad decisions than good decisions.
How do you get rid of the overhang of bad decisions? Mistake Amnesia!