When should a decision be fast, or slow?

published on 2023/04/09

We all know that startups should make decisions quickly. Fast decisions leads to rapid action, which accelerates the loop of production and feedback, which is how you outpace and out-learn a competitor, even one that already has a lead.

But some decisions should not be made in haste, like a key executive hire, or pricing strategy, or whether to raise money, or whether to invest millions of dollars in a new product line, or whether to enter a new market.

How do you know when your current decision should be made slowly: contemplative, collaborative, deliberate, data-driven, even agonizing?

The following scorecard will help you know whether it is wiser to go slowly

A Smart Bear