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Many companies give attention and resources only to the projects that are most likely to generate near-term profits, and they end up deciding quickly which initiatives fit best with the company's core business.
Never one to miss out on a short-lived social media craze, John Key posed for this awkward, even ominous photo with his son Max "planking" on Facebook, prompting New Zealand media to ask "Did John Key kill planking meme?" before deciding, quickly, "yes".
However, reality testing can be time-consuming, subject to diminishing returns, and contrary to the goal of deciding quickly.
The best-performing online investors, Marketocracy's M100, were out there last week taking part in the rally, deciding quickly what to buy and sell.
The researchers even double checked the results with young people in the lab the normal behavioral science setting and found that while people in the lab gave less overall, deciding quickly still made them give more.
But it appears that divisions within Oxfam between powerful chapters prevented the organization from deciding quickly on a course of action.
Similar(53)
He decided quickly to apply to only one program.
But he had to decide quickly what to salvage.
There is tremendous political pressure to decide quickly.
He then decides quickly after they go to the races if they can really run.
"So I concluded — and I had to decide quickly — that we'd lose thousands of votes".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com