Small-Risk Bet
Objective
We aim for full completion, but there is some uncertainty involved as part of what we do is exploration.
Bets and Objectives: Safe Bet • Small-Risk Bet • Medium-Risk Bet • Large-Risk Bet • Crazy Bet
Purpose
Venturing into a Small-Risk Bet, we maintain a strong desire to accomplish our goal. However, we recognize that there's an element of the unknown. Part of our journey will be driven by exploration, pushing boundaries beyond our routine, but always with a foundational layer of our core expertise supporting us.
Notes
“Small risk” is anything with a chance of succeeding between 60% to 90%.
Rules / Constraints
We have not (yet) defined rules or constraints.
Featured
“Management by objective works—if you know the objectives. Ninety percent of the time, you don't.”
(Source: Peter Drucker)
“Eliminate numerical quotas, including Management by Objectives.”
(Source: W. Edwards Deming)