Contingency Planning
topic on 2 shows · 2 statements across 2 episodes
the Knowledge Project 
the a16z Podcast
2 statements about Contingency Planning, every show
Blankfein: Contingency planning creates the illusion of prescient market forecasting
“The act of going through that thing makes you so alert and on it When things get triggered, and you so have a plan, you get off the mark so quickly that people think you did anticipate it, but when you really did is you heard the gun go off before anybody else…”
Pre-committing to 'if-then' contingency plans enables faster pivoting under pressure
“If you've already been thinking about, should this happen? I will do this. If this happens and I'll do this, it's easier to pivot. You already know what the next steps will be, and you don't have to then pause when you might not be able to pause to try to thin…”