Type 1 and Type 2 Decisions

The video explains Jeff Bezos' theory on decision-making, categorizing decisions into two types: Type 1 and Type 2. Type 1 decisions are irreversible and consequential, requiring careful consideration. Type 2 decisions are reversible and less consequential, allowing for more flexibility. The video emphasizes the importance of using the right type of decision in the appropriate context to avoid negative impacts on the organization.

What makes Type 2 decisions different from Type 1 decisions?

What are the potential consequences of misusing Type 1 and Type 2 decisions?