“Most decisions should probably be made with somewhere around 70% of the information you wish you had. If you wait for 90%, in most cases, you’re probably being slow. Plus, either way, you need to be good at quickly recognizing and correcting bad decisions. If you’re good at course correcting, being wrong may be less costly than you think, whereas being slow is going to be expensive for sure.”
Small teams are notorious for outperforming larger teams because of their ability to coordinate swiftly and effectively. On top of that, small teams excel in creating environments that make people care, environments in which individual contributions are observable, and valued.
…French Professor Maximilian Ringelmann. In a simple experiment, participants had to pull on a rope. When it was just one participant, he or she would give a 100%, but as the number of participants increased, individual effort declined significantly. At eight people, individual effort was as low as 50%.