Definition: is an individual’s or company’s inclination to make important business decisions without having a sufficient amount of relevant information or conducting a careful analysis process beforehand. In essence, this is the embodiment of the “act first – ask questions later” approach, which has been actively promoted by Tom Peters as a characteristic of an efficient company that is ready to take calculated risks if they will allow it to get ahead of the competition.
In a Sentence:
If you want your app-making company to succeed, you need to adopt the bias for action approach, as otherwise, you’ll always be trailing behind your competitors.
Ever since its establishment, Tesla has always demonstrated a bias for action.
Our new manager possesses an incredible bias for action, trying to implement all new ideas as soon as they pop up in his mind.
Synonyms and related words: bias, anchoring bias, contemplation, self-serving bias, analysis