Suzy Welch, Business Writer, for BusinessWeek has popularized the 10-10-10 rule. According to the rule, before making any tough decisions, ask three questions: How would you feel after 10 minutes, How would you feel after 10 months, and How would you feel after 10 years. We would like to modify the rule, by a touch, and apply it while selecting MBA programs: MIT vs Stanford, Wharton vs Harvard, Kellogg vs Booth, LBS vs Insead, IE vs IESE, and other close ones.
The 10 Minute impact of the rule seems a little stretched unless they are decisions like proposing to your partner, saying yes to non-refundable products, and other decisions where backtracking is not encouraged, or consequences are catastrophic.
Here is how you apply the 12-10-10 Rule