Which matters more when making decisions: analysis or process? Given my analytics background, for most of my career I’ve tried to convince people they should make decisions based on data, rather than their gut. The more informed you are by data, the more confident you can be in your decision making. If the facts contradict…
Tag Archives | McKinsey
Lily Pads and Exponential Thinking
By Jonathan Becher on January 31, 2016 in Business, communication, Culture, measurement, psychology, storytelling
Longtime readers of my personal blog will know I believe storytelling is a fantastic way to introduce new ideas, make announcements more memorable, or to ensure you can break through the noise of traditional communication. As I wrote several years ago, We want consumers to view themselves as protagonists in a story with the brand…
Smooth-sailing Fallacy
By Jonathan Becher on August 9, 2009 in Business, dashboard, key performance indicators, measurement missteps, metrics, risk, strategy
In a McKinsey Quarterly article entitled “Management lessons from the financial crisis,” UCLA business professor Richard Rumelt coins the term smooth-sailing fallacy: This smooth-sailing fallacy arises when we mistake a measure for reality. Competent management always looks deeper than the numbers, deeper than the current measures. Incompetent management just focuses on the metrics, on the body…