Skip to main content

In Hindsight...

Image result for hindsight


The year 2001. Month March. The event - 2nd Test Match of the series being played between India and Australia. With a winning streak​ of 16 test matches, Australia was on roll. The all conquering​ Australian squad had demolished the strong Indian batting line up in their first innings. To keep the momentum going Steve Waugh, the Australian Captain, invited the Saurav Ganguly led Indian team to bat again or follow on, in cricketing parlance. He stood vindicated as the India lost 4 wickets into the innings  still short by 40-50 runs of Australia's first inning total. Till then everything seemed to be going Australia's way. But, VVS Laxman and Rahul Dravid, the men at the crease had something else in mind. Well the rest, as they say is history. India went on to win the match and the series bringing a halt to Australia's unbeaten reign.  Steve Waugh went on to become only the third captain (and only the third match) in the history of test cricket to loose a match after inviting the opposition to follow on. 

Critics and detractors, later, pointed out that Steve Waugh had erred in giving India the follow on. They said, on the contrary, he should have rested his bowlers and opted to bat instead. Thus keeping the fresh to have a go at the Indian batsmen and build the pressure. To which, Steve Waugh rightfully retorted saying anyone who thought so, should have told him so before he took the decision of giving a follow on. Years later he would go on to reiterate that he did not have any regret about his decision. All that mattered was the way the match was played with both teams giving it their best shot.

For the critics and detractors it was easy to point out the flaws of Steve Waugh in post match analysis.  They felt, he lost the match at the instance he gave follow on. Till then there were only two instances in the century old history of test cricket where a team had won after following on. Statistically speaking not even a less than fraction of a chance. The critics case appeared to be a classic example of Hindsight Bias. Hindsight bias, also known as the knew-it-all-along effect or creeping determinism, is the inclination, after an event has occurred, to see the event as having been predictable, despite there having been little or no objective basis for predicting it. If you have a keen follower of the game you would not have agreed more.

It becomes pertinent to note therefore, all decisions look picture perfect once they have met success. Eulogies get written about how the situation was analyzed, decoded and evaluated so success was guaranteed. But most of the times it rarely is the case. Probably the person or the institution itself is not sure which way the decision would go. Think of this the other way round, which person the planet would opt for decision that is likely to harm him or destroy the value which the institution has created. Hardly any. 

So when New Coke flops, it is easier to find out the gaps and the flaws which for some reason may been out of context to be taken into consideration. They probably proved to be nemesis.

What if the iPhone had not been a run away success? What if it was a debacle? I am sure Steve Jobs, who has been rightfully hailed as legend, would have been ripped apart. Some might have gone to the extent of saying, getting thrown out once did not do it's bit. But because of the success the same decision is looked upon as how well he understood the pulse of what people wanted. 

Look around and we are bound to find 'n' number of decisions which could have gone either way, for better or worse. These same decisions, post the outcomes, are easy to decipher, decode and embed into models, and be eulogized. Of what was right and what was not. Would these same people have been able to predict the outcome when the decision was being taken? Well, my guess is good as yours.

Comments

Popular posts from this blog

Emotions in Business - Fear: The Good Side

Fear is often painted as the villain in the business world—the force that holds us back from taking risks, making bold decisions, or stepping into uncharted territory. But what if we’ve misunderstood fear all along? Fear, when harnessed correctly, is not a weakness; it’s a powerful signal. It tells us what matters, sharpens our instincts, and forces us to prepare better. From startups to Fortune 500 companies, understanding fear can be the difference between reckless decisions and calculated risks. Fear and Decision-Making Fear plays a crucial role in business decisions. A CEO contemplating an acquisition fears overpaying or making a wrong strategic move. An entrepreneur fears market rejection. A salesperson fears losing a big deal. But these fears, when analyzed, can guide better decision-making. Instead of dismissing fear, we must ask: What is this fear telling me? Is it highlighting a blind spot? Is it pushing me to prepare better? Successful leaders don’t eliminate f...

Day 19 - The Power of Multidisciplinary Approach

In an era of specialization, many of the world's most successful people advocate for a broader, more holistic view—one that embraces a multidisciplinary approach to life. This approach involves combining knowledge and skills from various fields, leading to better problem-solving, creativity, and adaptability. Think of a Renaissance person like Leonardo da Vinci, whose expertise spanned art, science, and engineering, shaping innovation for centuries. Today, the importance of a multidisciplinary mindset has become even more crucial in navigating the complexities of modern life. The Impact of a Multidisciplinary Approach David Epstein’s book, Range: Why Generalists Triumph in a Specialized World, provides compelling arguments for why those who explore a wide variety of interests often outperform their more specialized peers in the long run. Epstein highlights examples from sports, business, and science, showing that people who dip their toes into different fields are often...

What's Next

Life can get pretty tough if you have not decided on what's next. Because each time you achieve or do something on the go, you have to keep thinking about what's next.  Spontaneity is good to an extent. It can get you to a particular point, but then after you have to be sure about which way are you going to go or what you are going to do next.  There will come a time when you will have to sit down, reflect, and ask some tough questions to yourself. Do some soul searching in your quest to find out what is next.  Because you can't be aimlessly be shooting out in the dark and hoping to hit the target. Knowing where, what, why, and how you are going to aim for the target drastically improves and enhances your chances of hitting the target.  So the next time you think about what's next, think of it as a series of goals and objectives to help you achieve the big picture. Preparation combined with a dash of spontaneity takes what's next to the next level.