Hi Ankur. In my opinion, identifying the correct course of action holds greater significance than speed. Once you have established that you are moving in the right direction, you can increase your pace at any time.
Having a clear direction is the most important thing. It keeps time and money from being wasted. You can always try again and get faster in the future.
Speed is useless if you don't get direction.
With direction, you can go fast or slow depending on periods, but you know where you're going and so you never stop.
Both speed and direction are important to succeed. Speed helps you to get to your destination faster, while direction helps you to get to the right destination. The ideal is to have both speed and direction working together in harmony.
In my opinion, both speed and direction are important for success, but direction is ultimately more crucial. Moving quickly without a clear direction can lead to wasted time, resources, and missed opportunities.
I believe it completely depends on what stage you are at.
When its 0>1, nothing matters other than the speed because you'll never be sure about the direction.
When it's 1>10, a healthy balance of direction and speed is important.
when its' 1-100, it always boils down to direction.
In my personal experience, direction matters most.
There were times when I rushed in finishing a particular task and spent days on it, however, as time passed on I noticed that I'm left behind many important other tasks that should have been done simultaneously just because I was so concerned with finishing that job quickly, I neglected the importance of other works.