Fire Yourself

WSJ writes:

“Windows of opportunity open and close so quickly today, you can’t just mull decisions right in front of you. You have to look around the corner and figure out where you need to go, without becoming spastic or jerking your company in too many different directions,” says Michael Fraizer, CEO of Genworth Financial, the insurance company based in Richmond, Va.

To test his own decision making, Mr. Fraizer regularly fires himself — at least in his own mind. It’s a tactic he learned from former Intel CEO Andy Grove in his 1996 book, “Only the Paranoid Survive.” When Intel’s memory-chip business was getting battered by Japanese rivals in the 1980s, Mr. Grove asked Intel co-founder Gordon Moore: “If we got kicked out and the board brought in a new CEO, what would he do?”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.