Innovation always requires some level of risk. For leaders, this means taking the right risks and knowing when to walk away. How do leaders make decisions when the outcome is uncertain? How do they create a culture that promotes innovation and enables risk taking?

In this episode, host Gautam Mukunda speaks with Annie Duke, Cognitive Scientist, Decision Strategist, and Author of Quit: The Power of Knowing When to Walk Away, and Paul Misener, the VP of Global Innovation Policy and Communication at Amazon about the process of decision-making and innovation in uncertain conditions.

Resources:

Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts, by Annie Duke

Quit: The Power of Knowing When to Walk Away, by Annie Duke

“If we are not failing ever, we are not trying hard enough; we are not being innovative enough.” — Paul Misener, VP of Global Innovation Policy and Communications at Amazon

“There's a time-accuracy trade-off when we're making decisions. The more time we take, usually, the more accuracy we're going to accrue. The less time we take, the less accuracy we're going to accrue.” — Annie Duke, Author of Quit: The Power of Knowing When to Walk Away, Decision Strategist and Former Professional Poker Player

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