A bad plan is better than no plan: A theoretical justification of an empirical observation
© Springer International Publishing AG 2018. In his 2014 book “Zero to One”, a software mogul Peter Thiel lists the lessons he learned from his business practice. Most of these lessons make intuitive sense, with one exception – his observation that “a bad plan is better than no plan” seems to be cou...
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| Main Authors: | , |
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| Format: | Book Series |
| Published: |
2018
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| Online Access: | https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85037840125&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/43919 |
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| Institution: | Chiang Mai University |
| Summary: | © Springer International Publishing AG 2018. In his 2014 book “Zero to One”, a software mogul Peter Thiel lists the lessons he learned from his business practice. Most of these lessons make intuitive sense, with one exception – his observation that “a bad plan is better than no plan” seems to be counterintuitive. In this paper, we provide a possible theoretical explanation for this somewhat counterintuitive empirical observation. |
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