Just Do it!
In the business world, speed and innovation are imperative for companies to succeed. As a young startup, one of Magalix leadership principles is Bias for Action.
Bias for action is to keep moving fast and learn by doing rather than spending too much time analyzing or creating unverified assumptions. Bias for action is critical in environments where uncertainty is high, and agility is a critical aspect of your business model. In other words, if you are a startup or want to operate like a startup, bias for action should be the first building block of your culture.
For Magalixers, Bias for Action means taking action in face of uncertainty and avoiding “analysis-paralysis” - in other words, get things done and be accountable. Keep moving and own your tasks, your systems, your successes, and your failures.
For the day to day activities and work tasks, Magalixers should look at ways to answer the following questions:
- How do I get unblocked?
- How can I over-deliver on this task?
- How can I meet the deadline?
- Is this decision a one-way door or a two-way door?
- What is the price of failure? Can we just try it?
- How can we do it better next time?
Check out this podcast episode to listen to Magalix CEO and CTO as they share their experiences in building a bias for action culture.