A short excerpt of a YouTube podcast (Cameron Herold) arguing that when proposing unconventional strategies you must back them with statistics and factual evidence. The speaker emphasizes documenting prior success rates and clear definitions of success so decision-makers (CEOs, boards, investors) can objectively assess opportunities even if they differ from initial expectations.
Chapters
If I'm trying to create something that's different, something that's outside the box, out of the norm, I have to come in a place where I have statistics, it's backed by factual evidence. It has this, you know, if I'm going to put this strategy in place, this is how successful it's been in the past, this is how successful it's been with other companies using it. The probability for us is going to increase for success rate. What does success look like? What is the art of the possible? And I want to make sure that I don't do anything that is just spontaneous. It has to be fully documented. And this is how my brain operates. When that's all coming together. It gives the CEO or any. This goes for any company, right? Maybe it goes to the board, maybe it goes to an investor, or maybe whatever situation you're in, it allows that person to go, hmm. Well, I can't deny facts. If this is what it is, then I think this is a good opportunity to move forward, even if it's kind of completely different than what I had originally envisioned.