First-Order Actions vs. Second-Order Consequences…
How Your Quick Fixes Create Unexpected Bottlenecks Ray Dalio, celebrated investor and author of Principles, teaches an important lesson about decision-making: to build lasting success, you must differentiate clearly between first-order actions—the immediate steps you take to address urgent problems—and second-order consequences, the longer-term impacts that often aren’t obvious at first glance. Entrepreneurs and small business owners frequently […]
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