Article: Making Decisions Under Uncertainty

Interesting and useful decision-making framework:

At McKinsey, we were taught three approaches to making decisions under uncertainty:
  1. Day One Hypothesis
  2. Directionally Right, Same Order of Magnitude
  3. What Do You Have to Believe?
These three tools have been immensely helpful to me in my own career, especially when I’m asked to make a decision about a future business opportunity where there are some key unknowns.