About 3 months ago, I was on a military kick. I just found the military fascinating, I would watch lots of military movies and what not. They had a extremely efficient decision making system, the military needs to make very difficult decisions quickly with almost always very little information. This is pretty much the exact same situation as I was in. Most of the time I am given very little information and I need to make very important decision fairly quickly. Many people would ask, how can I make good decision, I guess that is the challenge.
When it comes down to it, when you make decision quickly, you will screw up and steer the company down the wrong path. Great quote from my pastor, "Don't try to play God and pretend you have all the right answers. You don't."
"I was wrong" when you own these words and say them to your team you are expressing the ultimate accountability.
On the plus side, at least lives aren't at stake like the military.
I found this little nugget in about 2 sentences from the book. 5 temptations of a CEO. Very good book. Eric Schmidt recommends it, that’s always a good sign.