"You have to take action; you can't hesitate or hedge your bets."
The first thing to think about with taking action is the assumption that due diligence has been performed. The confidence to take action has to be predicated on that assumption.
Taking action without hesitation or hedging our bets, brings with it the confidence that the best information available has been accessed, and decisions made based upon that. Once that's in place, we can't hesitate or we'll surely fail in what we initiate.
With hedging our bets, that's a sign that we aren't certain, sure and committed to what we're going to get into. If that's the case, then go back over your information to find out what it is that's causing you to hesitate, or have an alternative.
Make sure you understand we're talking of new efforts and projects here, not things like backup emergency plans and things like that which do need alternatives.
But for doing new things, to hedge our bets and hesitate is to reveal uncertainty. If there's uncertainty, there'll never be a full commitment from anyone to make the project work; it'll have a built in mechanism that will lead to failure.
Once we gather our information and make a decision, from then on there should be nothing but 100 percent commitment to focus on it and give everything we've got to make it work. Anything less will ensure its failure.
Other Andy Grove Resources:
Andy Grove's Rational Exuberance
The Digital Age . . . driven by the passion of Intel's Andrew Grove
The History and Influence of Andy Grove
Andy Grove enters new post-Intel role as activist capitalist
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