The world we live in is characterized by unpredictability. Responding to unpredictable situations with “we have to do something” is a trap that can have very negative outcomes so in this episode, I share how you can better prepare for the future without wasting your time and money!
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Today's episode:
[00:37] An overview of today’s topic; preparing for the future.
[01:45] The unpredictability of our world.
[03:03] Jeff Bezos’ philosophy for long-term planning.
[04:30] A common approach to dealing with projects that aren’t meeting one's expectations.
[06:33] Characteristics of compliance officers that will remain relevant in the long term.
[07:23] Comparing situations where doing more is appropriate and where it is a very bad idea.
[09:14] Why “we have to do something” has become such a common refrain.
[11:36] The realization about big companies that many start-up founders have had in recent years.
[13:00] The unpredictable actions of financial regulators.
[14:30] Examples of the irrational decisions that are being made across the world.
[17:21] What to do when you are under pressure to take action.
[20:05] The benefits of joining the Compliance Collective.
Show links:
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