Monday, May 11, 2009

What is "Bias for Action"

"Bias for action" is a core that some companies use as a motivating factor to take timely action. "Bias for action" in my opinion is to take action without doing a tonne of analysis, the ability to take actions quickly and be right about it a lot.

Note that all the answers to the FAQ's below are my opinions

Why is bias for action important?

Because it encourages employees to take quick action when they notice something that is wrong or could be improved upon

How is it measured?

Anecdotal examples typically

How does it impact the day to day workings of the people in the company?

It can instill a sense of urgency

How does it impact the culture?

It can make the company results driven and can encourage employees to take risks for expediting the business results

How can you be right if there is not enough time spent on analysis?

The belief is that leaders are right a lot and that they can make quick decision just by looking at a few key metrics.

Can it be gamed?

Like anything in the corporate world, it can be gamed and played to the tunes of your manager

Feel free to add onto the FAQ's

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