Tag Archives: underestimate

Overestimate and Underestimate

I don’t know for certain what will happen tomorrow, but I have a pretty good idea. I can even forecast the number of COVID-19 deaths that will occur tomorrow, within a reasonable margin of error. But, tomorrow is not where the game is played.

For the most part, we can anticipate what life will be like in three months time.

“People tend to overestimate what can be done in one year and to underestimate what can be done in five or ten years.” – J. C. R. Licklider, Libraries of the Future, 1965.

It is important to make sure your teams are assembled and safe to do the work tomorrow, but the real chore for the CEO is to imagine life (markets, regulations, labor, technology) in five years time.

In four years, your five year plan will be your one year plan.