“Measure with a micrometer, mark with a crayon, and cut with a chainsaw”
Evaluation and control programs provide executives and managers with the critical information they need to make effective business decisions. However, an equally critical component of the decision-making process is the understanding that no data-set is a perfect reflection of reality. Therefore, it is important for business leaders to recognize the potential inaccuracies associated with their data in order to fully assess the risks these flaws pose to the achievement of desired outcomes.
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The following StrategyDriven recommended best practices are designed to reduce the likelihood leaders will receive data presented with an exaggerated accuracy.
- Self Assessment Best Practice 3 – Avoid Using Absolutes (article)
- Strategic Analysis Best Practice 3 – Identify the Hidden Drivers (article)
- Strategic Analysis Best Practice 3 – Identify the Hidden Drivers (continued) (article)
- StrategyDriven Podcast Episode 20 – Identify the Hidden Drivers, part 1 of 3 (podcast)
- StrategyDriven Podcast Episode 21 – Identify the Hidden Drivers, part 2 of 3 (podcast)
- StrategyDriven Podcast Episode 22 – Identify the Hidden Drivers, part 3 of 3 (podcast)
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