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E022: Full House of Operators. Growth Targets, Differentiation, Role of a CEO, Trending News & More

OPERATORS

NOTE

Helping People Develop Judgment Through Allowing Failure

When I was a first year lawyer at Skadden, the managing partner emphasized the importance of good judgment. Unfortunately, I see a lack of judgment in the business world all the time. Hiring good people is crucial, but even then, you have to guide them and ensure they make sound decisions. It's like being a coach, helping people improve their judgment. Allowing them to fail is part of the process because it gives them the opportunity to learn. Developing good judgment takes time and autonomy.

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