Recently I read an interview given by Suzy Welch, wife of GE's famed CEO Jack Welch & co-author of the regular weekly column in BusinessWeek: the Welch-Way. Mrs. Welch has just put out a new book entitled 10-10-10, which I look forward to reading. The title is based on the idea that when we make decisions we have to think about their impact in 3 ways: what will happen as a result in the next 10 minutes, 10 months, & 10 years.
New Name for An Old Concept
I believe this is an important & constructive way of considering the decisions we make both in business & in our personal lives. Why? I think that it provides a structure for effective decision-making. However, I think it's a new name for an old concept. Until now I have always referred to this kind of thinking as "playing chess" because in order to be successful in that game, you always have to be thinking several moves ahead. I definitely give Welch credit for giving this kind of organized thinking a name [what 10-10-10 lacks in elegance, it makes up in specificity]. What do you think? Do you use 10-10-10? If so, why; if not, why not?