Business Analysis Quotes

We've searched our database for all the quotes and captions related to Business Analysis. Here they are! All 200 of them:

With everything in business, the benefits gained should exceed the cost incurred.
Hendrith Vanlon Smith Jr.
Demand is one of those factors which decide the fate of your business.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
Always treat your competitors smarter than you are.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
Strategy is your war plan. If you go to a war without your strategy, you might not be able to defeat the enemy.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
The future of your business depends on what kind of decisions you are going to make.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
The process of decision-making can become efficient and effective, if the right information is handy on time.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
Perfecting a product which is not selling is a waste of time and energy.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
The fear of the unknown is deadly for our personal growth as well as for the growth of our business.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
Not having a contingency plan or never performing risk analysis and mitigation activities is like not having an insurance plan for yourself.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
When it comes to riding a trend for business growth, there are three important steps that we should always remember: data analysis, trend identification, and fast and effective decision making.
Pooja Agnihotri (17 Reasons Why Businesses Fail :Unscrew Yourself From Business Failure)
Whether your business sells Reiki healings or Jeans, Custom Pottery or YouTube Meditations, Computer Software or Construction materials…. Business fundamentals remain business fundamentals… Create value, communicate value, sell value.
Hendrith Vanlon Smith Jr. (The Wealth Reference Guide: An American Classic)
When I arrived at the house in the suburbs that night I seriously contemplated suicide for the first time in my life. But as I thought about it, the idea became exceedingly tiresome, and I finally decided it would be a ludicrous business. I had an inherent dislike of admitting defeat. Moreover, I told myself, there's no need for me to take such decisive action myself, not when I'm surrounded by such a bountiful harvest of death—death in an air raid, death at one's post of duty, death in the military service, death on the battlefield, death from being run over, death from disease—surely my name has already been entered in the list for one of these: a criminal who has been sentenced to death does not commit suicide. No—no matter how I considered, the season was not auspicious for suicide. Instead I was waiting for something to do me the favor of killing me. And this, in the final analysis, is the same as to say that I was waiting for something to do me the favor of keeping me alive.
Yukio Mishima (Confessions of a Mask)
What we need to know about loving is no great mystery. We all know what constitutes loving behavior; we need but act upon it, not continually question it. Over-analysis often confuses the issue and in the end brings us no closer to insight. We sometimes become too busy classifying, separating, and examining, to remember that love is easy. It's we who make it complicated.
Leo F. Buscaglia
Trend analysis can be useful, but trends only describe our past, implying some degree of continuity.
Roger Spitz (Disrupt With Impact: Achieve Business Success in an Unpredictable World)
Before you start anything, you need to know why you’re doing it. Then, you have to clearly convey that to your team so they also become partners in your vision.
Pooja Agnihotri (Market Research Like a Pro)
In the business people with expertise, experience and evidence will make more profitable decisions than people with instinct, intuition and imagination.
Amit Kalantri (Wealth of Words)
A market research project starts when you have the answers to the following questions: 1. Why are you researching? 2. What are you going to do with the results?
Pooja Agnihotri (Market Research Like a Pro)
Having an objective for any project is highly important as we are living in a world full of data—some useful but mostly useless.
Pooja Agnihotri (Market Research Like a Pro)
For identifying the objective of your market research project, it is highly advisable that you should zero in on the exact information you want to collect and from who.
Pooja Agnihotri (Market Research Like a Pro)
If you are going to use the results of market research to make a big business decision, then it’s a good idea to do quantitative research rather than qualitative.
Pooja Agnihotri (Market Research Like a Pro)
The more numbers you know through market research, the more you will be able to cut down your business risk.
Pooja Agnihotri (Market Research Like a Pro)
The biggest advice I can give for setting up your market research objectives is to be very clear and concise.
Pooja Agnihotri (Market Research Like a Pro)
Two things happen when your objectives are too broad—you don’t achieve the right results and you lose a lot of your resources. You want to avoid both of those.
Pooja Agnihotri (Market Research Like a Pro)
If your objectives are too broad, they can dilute your project.
Pooja Agnihotri (Market Research Like a Pro)
One market research project should have only one objective. More than one objective can affect the effectiveness of your research.
Pooja Agnihotri (Market Research Like a Pro)
Never guess anything. You will make bad business decisions if you do that. If you don’t have data on something, start a research project on that topic.
Pooja Agnihotri (Market Research Like a Pro)
Discovering a cure for a disease is one thing, but making that cure available to everyone so it can actually be used to eradicate the problem is another thing.
Pooja Agnihotri (Market Research Like a Pro)
Defining a good project is dependent on how well you can define your needs. The better you specify your requirements, the better the results of a project are going to be.
Pooja Agnihotri (Market Research Like a Pro)
A well-planned budget will save you from any kind of unexpected surprises.
Pooja Agnihotri (Market Research Like a Pro)
Your current marketing plan, strategy, and research objective are also going to play an important role in defining your sample size.
Pooja Agnihotri (Market Research Like a Pro)
When you want to learn something in detail, you do descriptive research.
Pooja Agnihotri (Market Research Like a Pro)
Exploratory market research is generally preferred in the early stages of a project when you are more interested in exploring a subject.
Pooja Agnihotri (Market Research Like a Pro)
Decide your objectives and make somebody responsible to implement the results for the growth of the business.
Pooja Agnihotri (Market Research Like a Pro)
Maybe in your personal life you can go on an unplanned trip and rejoice later for it being the best trip of all time but it might not prove the same for your business.
Pooja Agnihotri (Market Research Like a Pro)
It can also be analyzed that even an unplanned trip has a lot of planning hidden in it.
Pooja Agnihotri (Market Research Like a Pro)
Let market research be a permanent, ongoing part of your business strategy.
Pooja Agnihotri (Market Research Like a Pro)
Interviews are a qualitative form of collecting data. The reason it generates good responses is because it’s way more personal than other forms of data gathering techniques.
Pooja Agnihotri (Market Research Like a Pro)
Once you have analyzed data, you have to mine that data to find insights from it. At this point, you can involve your marketing or product team to work with the data analysis team.
Pooja Agnihotri (Market Research Like a Pro)
Your market research project is of no use if you are not going to use the results of it in your decision-making process.
Pooja Agnihotri (Market Research Like a Pro)
The best way to improve your decision-making and decrease your business risk is to use data to guide your decisions.
Pooja Agnihotri (Market Research Like a Pro)
The truth is that every business answer that you’re looking for is out there—covered and surrounded by many layers of unnecessary data.
Pooja Agnihotri (Market Research Like a Pro)
The mood-tracking technologies, sentiment analysis algorithms and stress-busting meditation techniques are put to work in the service of certain political and economic interests.
William Davies (The Happiness Industry: How the Government and Big Business Sold Us Well-Being)
Astute observers of corporate balance sheets are often the first to see business deterioration
Benjamin Graham (Security Analysis)
Imagination outshines analysis.
Roger Spitz (Disrupt With Impact: Achieve Business Success in an Unpredictable World)
In life, the question is not if you will have problems, but how you are going to deal with your problems. If the possibility of failure were erased, what would you attempt to achieve? The essence of man is imperfection. Know that you're going to make mistakes. The fellow who never makes a mistake takes his orders from one who does. Wake up and realize this: Failure is simply a price we pay to achieve success. Achievers are given multiple reasons to believe they are failures. But in spite of that, they persevere. The average for entrepreneurs is 3.8 failures before they finally make it in business. When achievers fail, they see it as a momentary event, not a lifelong epidemic. Procrastination is too high a price to pay for fear of failure. To conquer fear, you have to feel the fear and take action anyway. Forget motivation. Just do it. Act your way into feeling, not wait for positive emotions to carry you forward. Recognize that you will spend much of your life making mistakes. If you can take action and keep making mistakes, you gain experience. Life is playing a poor hand well. The greatest battle you wage against failure occurs on the inside, not the outside. Why worry about things you can't control when you can keep yourself busy controlling the things that depend on you? Handicaps can only disable us if we let them. If you are continually experiencing trouble or facing obstacles, then you should check to make sure that you are not the problem. Be more concerned with what you can give rather than what you can get because giving truly is the highest level of living. Embrace adversity and make failure a regular part of your life. If you're not failing, you're probably not really moving forward. Everything in life brings risk. It's true that you risk failure if you try something bold because you might miss it. But you also risk failure if you stand still and don't try anything new. The less you venture out, the greater your risk of failure. Ironically the more you risk failure — and actually fail — the greater your chances of success. If you are succeeding in everything you do, then you're probably not pushing yourself hard enough. And that means you're not taking enough risks. You risk because you have something of value you want to achieve. The more you do, the more you fail. The more you fail, the more you learn. The more you learn, the better you get. Determining what went wrong in a situation has value. But taking that analysis another step and figuring out how to use it to your benefit is the real difference maker when it comes to failing forward. Don't let your learning lead to knowledge; let your learning lead to action. The last time you failed, did you stop trying because you failed, or did you fail because you stopped trying? Commitment makes you capable of failing forward until you reach your goals. Cutting corners is really a sign of impatience and poor self-discipline. Successful people have learned to do what does not come naturally. Nothing worth achieving comes easily. The only way to fail forward and achieve your dreams is to cultivate tenacity and persistence. Never say die. Never be satisfied. Be stubborn. Be persistent. Integrity is a must. Anything worth having is worth striving for with all your might. If we look long enough for what we want in life we are almost sure to find it. Success is in the journey, the continual process. And no matter how hard you work, you will not create the perfect plan or execute it without error. You will never get to the point that you no longer make mistakes, that you no longer fail. The next time you find yourself envying what successful people have achieved, recognize that they have probably gone through many negative experiences that you cannot see on the surface. Fail early, fail often, but always fail forward.
John C. Maxwell (Failing Forward)
Your market research objectives need to fit into your marketing strategy. If your objectives are not supporting your marketing strategy, then it’s going to be a waste of your resources.
Pooja Agnihotri (Market Research Like a Pro)
In current times, we have access to so much data. Having said that, data analysis can uncover so many hidden patterns about customer behavior and how they interact with various products.
Pooja Agnihotri (Market Research Like a Pro)
All the data you have collected is of no use if you don’t know how to gain insights from it, how to make profitable decisions with the help of this, and how to put your data into action.
Pooja Agnihotri (Market Research Like a Pro)
Refining a data set implies getting rid of unnecessary, duplicate, or misleading data. If you don't do that, you can see results that are not actually true, thus hurting your decision-making.
Pooja Agnihotri (Market Research Like a Pro)
A market research plan should include all the essential information about your current research project. In addition, remember to keep your plan short and include only the most important information there.
Pooja Agnihotri (Market Research Like a Pro)
To save ourselves from getting lost in this sea of data and ending up directionless, it becomes vital for every business owner to not just set up their market research objectives but also to stick to those.
Pooja Agnihotri (Market Research Like a Pro)
Many research organizations are regularly studying the market and publishing their results in the form of various reports and case studies. You can study these reports to get an understanding of your issue.
Pooja Agnihotri (Market Research Like a Pro)
Data is one of the most valuable resources of a bank.
Hendrith Vanlon Smith Jr.
If the research is done for brand awareness and the results don't show any rosy picture, then maybe you want to share those results with your marketing head who can include more brand awareness strategies in her marketing plan.
Pooja Agnihotri (Market Research Like a Pro)
In theory, the risk of business failure can be reduced to a number, the probability of failure multiplied by the cost of failure. Sure, this turns out to be a subjective analysis, but in the process your own attitudes toward financial risk and reward are revealed. By contrast, personal risk usually defies quantification. It's a matter of values and priorities, an expression of who you are. "Playing it safe" may simply mean you do not weigh heavily the compromises inherent in the status quo. The financial rewards of the moment may fully compensate you for the loss of time and fulfillment. Or maybe you just don't think about it. On the other hand, if time and satisfaction are precious, truly priceless, you will find the cost of business failure, so long as it does not put in peril the well-being of you or your family, pales in comparison with the personal risks of no trying to live the life you want today. Considering personal risk forces us to define personal success. We may well discover that the business failure we avoid and the business success we strive for do not lead us to personal success at all. Most of us have inherited notions of "success" from someone else or have arrived at these notions by facing a seemingly endless line of hurdles extending from grade school through college and into our careers. We constantly judge ourselves against criteria that others have set and rank ourselves against others in their game. Personal goals, on the other hand, leave us on our own, without this habit of useless measurement and comparison. Only the Whole Life Plan leads to personal success. It has the greatest chance of providing satisfaction and contentment that one can take to the grave, tomorrow. In the Deferred Life Plan there will always be another prize to covet, another distraction, a new hunger to sate. You will forever come up short.
Randy Komisar (The Monk and the Riddle: The Education of a Silicon Valley Entrepreneur)
Good business demands tough decisions based on rigorous analysis and unwavering follow-through. Emotion can’t really play a part. The challenge we all face as leaders is to let the feelings churn inside you but then to present a calm exterior, and I learned to do that.
Indra Nooyi (My Life in Full: Work, Family and Our Future)
As it’s not feasible to research everyone in your target audience, you focus on a group of people that can represent most of the others in your market. For this, you wisely identify and obtain a sample and make sure that no group from your target market is left unrepresented.
Pooja Agnihotri (Market Research Like a Pro)
Don't think too much. There'll be time to think later. Analysis won't help. You're chiseling now. You're passing your hands over the wood. Now the page is no longer blank. There's something there. It isn't your business yet to know whether it's going to be prize-worthy someday, or whether it will gather dust in a drawer. Now you've carved the tree. You've chiseled the marbled. You've begun.
Dani Shapiro (Still Writing: The Perils and Pleasures of a Creative Life)
Well, the Taco Bell burrito scale of immense magnitude returned an 'r' factor of point eight six. Then when I applied the nose-picking coefficient, I discovered a multivariate numeration of nine dot oh sixteen on the Richter scale.
Debra Dunbar (Devil's Paw (Imp, #4))
Peace builds, war destroys. Nations are fundamentally peaceful because they recognize the predominant utility of peace. They accept war only in self-defence; wars of aggression they do not desire. It is the princes who want war, because thus they hope to get money, goods, and power. It is the business of the nations to prevent them from achieving their desire by denying them the means necessary for making war.
Ludwig von Mises (Socialism: An Economic and Sociological Analysis)
Funny business, a woman's career. The things you drop on your way up the ladder-- so you can move faster-- you forget you'll need them when you go back to being a woman. That's one career all females have in common whether we like it or not. Being a woman. Sooner or later, we've got to work at it, no matter what other careers we've had or wanted. And in the last analysis nothing is any good unless you can look up just before dinner-- or turn around in bed-- and there he is. Without that you're not a woman. You're someone with a French provincial office-- or a book full of clippings. But you're not a woman. Slow curtain. The end. (from "All About Eve")
Bette Davis
the business of Logic is not the analysis of generalities but their mingling.
Alfred North Whitehead (Adventures of Ideas)
Use the data from the clients you already have to help you find new clients just like them. Eventually you'll be tapped into a whole market segment.
Hendrith Vanlon Smith Jr.
If your business is getting into debt, you gotta ask yourself what is the cost of servicing that debt. Do a simple cost benefit analysis. If the cost of servicing the debt is bigger than the potential profits that the debt will help the business to yield, then that means the business should not take on that debt.
Hendrith Vanlon Smith Jr.
Every posting, message, or email creates an impression, a public persona, from which other people make judgments. We make judgments about others, but how often do we turn that critical analysis on ourselves?
Kent Alan Robinson (UnSend: Email, text, and social media disasters...and how to avoid them)
You already know what you know, after all—and, unless your life is perfect, what you know is not enough. You remain threatened by disease, and self-deception, and unhappiness, and malevolence, and betrayal, and corruption, and pain, and limitation. You are subject to all these things, in the final analysis, because you are just too ignorant to protect yourself. If you just knew enough, you could be healthier and more honest. You would suffer less. You could recognize, resist and even triumph over malevolence and evil. You would neither betray a friend, nor deal falsely and deceitfully in business, politics or love. However, your current knowledge has neither made you perfect nor kept you safe. So, it is insufficient, by definition—radically, fatally insufficient.
Jordan B. Peterson (12 Rules for Life: An Antidote to Chaos)
Indeed, isn’t the whole business of ascribing responsibility kind of a cop-out? We want to blame an individual so that everyone else is exculpated. Or we blame a historical process as a way of exonerating individuals. Or it’s all anarchic chaos, with the same consequence. It seems to me that there is—was—a chain of individual responsibilities, all of which were necessary, but not so long a chain that everybody can simply blame everyone else. But, of course, my desire to ascribe responsibility might be more a reflection of my own cast of mind than a fair analysis of what happened. That’s one of the central problems of history, isn’t it, sir? The question of subjective versus objective interpretation, the fact that we need to know the history of the historian in order to understand the version that is being put in front of us.
Julian Barnes (The Sense of an Ending)
True, a socialistic society could see that 1000 litres of wine were better than 800 litres. It could decide whether or not 1000 litres of wine were to be preferred to 500 litres of oil. Such a decision would involve no calculation. The will of some man would decide. But the real business of economic administration, the adaptation of means to ends only begins when such a decision is taken. And only economic calculation makes this adaptation possible. Without such assistance, in the bewildering chaos of alternative materials and processes the human mind would be at a complete loss. Whenever we had to decide between different processes or different centres of production, we would be entirely at sea.
Ludwig von Mises (Socialism: An Economic and Sociological Analysis)
Board of Directors members should challenge the status quo and offer fresh perspectives to help the company stay innovative and competitive in a rapidly changing world.
Hendrith Vanlon Smith Jr.
The focus of gap analysis should be getting to the other side. If you bend-over to analyze a gap too long, you'll probably fall into it.
Ryan Lilly (Write like no one is reading)
If you believe there is always a better way, take the next step in exploring your potential with ZaranTech
Alok Kumar
If the people aren’t motivated, they don’t need to sign up for motivation training – they need a different job!
BusinessNews Publishing (Summary: The Seven-Day Weekend: Review and Analysis of Semler's Book)
Men like power so long as they believe in their own competence to handle the business in question, but when they know themselves incompetent they prefer to follow a leader.
Bertrand Russell (Power: A New Social Analysis (Routledge Classics))
For organizations and consumers alike, climate is a cost-benefit analysis where economics matter.
Roger Spitz (Disrupt With Impact: Achieve Business Success in an Unpredictable World)
Business analysts must have a thick skin: thick enough to take feedback on documents and receive unexpected answers to questions!
Laura Brandenburg
to lean back into it like in a chair the color of the sun as you listen to lazy piano music and the aircraft overhead are not at war. where the last drink is as good as the first and you realize that the promises you made yourself were kept. that's plenty. that last: about the promises: what's not so good is that the few friends you had are dead and they seem irreplacable. as for women, you didn't know enough early enough and you knew enough too late. and if more self-analysis is allowed: it's nice that you turned out well- honed, that you arrived late and remained generally capable. outside of that, not much to say except you can leave without regret. until then, a bit more amusement, a bit more endurance, leaning back into it. like the dog who got across the busy street: not all of it was good luck.
Charles Bukowski
Manners are the lubricating oil of an organization. It is a law of nature that two moving bodies in contact with each other create friction. This is as true for human beings as it is for inanimate objects. Manners- simple things like saying 'please' and 'thank you' and knowing a person’s name or asking after her family enable two people to work together whether they like each other or not. Bright people, especially bright young people, often do not understand this. If analysis shows that someone’s brilliant work fails again and again as soon as cooperation from others is required, it probably indicates a lack of courtesy – that is, a lack of manners.
Peter F. Drucker
Many modern businesses have become proficient at mining data. In fact the mining of data is becoming almost routine. But as we advance further into the 21rst century and the 22nd century, the utilization of data begins to take priority. So it's not just about collecting all this data, but also about getting really creative with generating new ways to utilize that data in the quest to add value.
Hendrith Vanlon Smith Jr.
Understanding what businesses actually do to create and deliver value is essential knowledge, but many business programs have de-emphasized value creation and operations in favor of finance and quantitative analysis.
Josh Kaufman (The Personal MBA: Master the Art of Business)
They're trying to breed a nation of techno-peasants. Educated just enough to keep things going, but not enough to ask tough questions. They encourage any meme that downplays thoughtful analysis or encourages docility or self indulgence or uniformity. In what other society do people use "smart" and "wise" as insults? We tell people "don't get smart." Those who try, those who really like to learn, we call "nerds." Look at television or the press or the trivia that passes for political debate. When a candidate DOES try to talk about the issues, the newspapers talk about his sex life. Look at Saturday morning cartoon shows. Peasants, whether they're tilling fields or stuffing circuit boards, are easier to manipulate. Don't question; just believe. Turn off your computer and Trust the Force. Or turn your computer on and treat it like the Oracle of Delphi. That's right. They've made education superficial and specialized. Science classes for art majors? Forget it! And how many business or engineering students get a really good grounding in the humanities? When did universities become little more than white collar vocational schools?
Michael Flynn (In the Country of the Blind)
Sales is a constant state of information gathering and analysis. There are numerous factors that will affect your sale – from market position, to manufacturing capacity, to a seemingly harmless tidbit of information received over lunch. The more quality information you have, the better your analysis, and the better your sales results will be.
Timo Aijo
The word “coherence” literally means holding or sticking together, but it is usually used to refer to a system, an idea, or a worldview whose parts fit together in a consistent and efficient way. Coherent things work well: A coherent worldview can explain almost anything, while an incoherent worldview is hobbled by internal contradictions. … Whenever a system can be analyzed at multiple levels, a special kind of coherence occurs when the levels mesh and mutually interlock. We saw this cross-level coherence in the analysis of personality: If your lower-level traits match up with your coping mechanisms, which in turn are consistent with your life story, your personality is well integrated and you can get on with the business of living. When these levels do not cohere, you are likely to be torn by internal contradictions and neurotic conflicts. You might need adversity to knock yourself into alignment. And if you do achieve coherence, the moment when things come together may be one of the most profound of your life. … Finding coherence across levels feels like enlightenment, and it is crucial for answering the question of purpose within life. People are multilevel systems in another way: We are physical objects (bodies and brains) from which minds somehow emerge; and from our minds, somehow societies and cultures form. To understand ourselves fully we must study all three levels—physical, psychological, and sociocultural. There has long been a division of academic labor: Biologists studied the brain as a physical object, psychologists studied the mind, and sociologists and anthropologists studied the socially constructed environments within which minds develop and function. But a division of labor is productive only when the tasks are coherent—when all lines of work eventually combine to make something greater than the sum of its parts. For much of the twentieth century that didn’t happen — each field ignored the others and focused on its own questions. But nowadays cross-disciplinary work is flourishing, spreading out from the middle level (psychology) along bridges (or perhaps ladders) down to the physical level (for example, the field of cognitive neuroscience) and up to the sociocultural level (for example, cultural psychology). The sciences are linking up, generating cross-level coherence, and, like magic, big new ideas are beginning to emerge. Here is one of the most profound ideas to come from the ongoing synthesis: People gain a sense of meaning when their lives cohere across the three levels of their existence.
Jonathan Haidt (The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom)
Why does the universe go to all the bother of existing? Is the unified theory so compelling that it brings about its own existence? Or does it need a creator, and, if so, does he have any other effect on the universe? And who created him? Up to now, most scientists have been too occupied with the development of new theories that describe what the universe is to ask the question why. On the other hand, the people whose business it is to ask why, the philosophers, have not been able to keep up with the advance of scientific theories. In the eighteenth century, philosophers considered the whole of human knowledge, including science, to be their field and discussed questions such as: Did the universe have a beginning? However, in the nineteenth and twentieth centuries, science became too technical and mathematical for the philosophers, or anyone else except a few specialists. Philosophers reduced the scope of their inquiries so much that Wittgenstein, the most famous philosopher of this century, said, 'The sole remaining task for philosophy is the analysis of language.' What a comedown from the great tradition of philosophy from Aristotle to Kant! However, if we do discover a complete theory, it should in time be understandable in broad principle by everyone, not just a few scientists. Then we shall all, philosophers, scientists, and just ordinary people, be able to take part in the discussion of the question of why it is that we and the universe exist. If we find the answer to that, it would be the ultimate triumph of human reason--for then we would know the mind of God.
Stephen W. Hawking (A Brief History of Time)
Every technology has to pass the practicality test before it can achieve widespread market success. The flying car is a great example - the technology has existed for decades, but the widespread application of the technology has not yet become practical.
Hendrith Vanlon Smith Jr. (Business Essentials)
Those who abdicate the empire of reason and permit their wills to wander in pursuit of reflections in the Astral Light, are subject to alternations of mania and melancholy which have originated all the marvels of demoniacal possession, though it is true, at the same time, that by means of these reflections impure spirits can act upon such souls, make use of them as docile instruments and even habitually torment their organism, wherein they enter and reside by obsession, or embryonically. These kabalistic terms are explained in the Hebrew book of the Revolution of Souls, of which our thirteenth chapter will contain a succinct analysis. It is therefore extremely dangerous to make sport of the Mysteries of Magic; it is above all excessively rash to practice its rites from curiosity, by way of experiment and as if to exploit higher forces. The inquisitive who, without being adepts, busy themselves with evocations or occult magnetism, are like children playing with fire in the neighborhood of a cask of gunpowder; sooner or later they will fall victims to some terrible explosion.
Éliphas Lévi (Transcendental Magic: Its Doctrine and Ritual)
It is useful for companies to look at AI through the lens of business capabilities rather than technologies. Broadly speaking, AI can support three important business needs: automating business processes, gaining insight through data analysis, and engaging with customers and employees.
Harvard Business Review (HBR's 10 Must Reads on AI, Analytics, and the New Machine Age (with bonus article "Why Every Company Needs an Augmented Reality Strategy" by Michael E. Porter and James E. Heppelmann))
He was not accustomed to busying himself with introspection or self-analysis. In this way, he was like most people who are rarely alone. His mind did not swing into action until some external force required it: a man or woman or some other element of his material life. He had surrendered himself to the busy current of his life, submerging himself totally in it. All he saw of himself was his reflection on the surface of the stream.
Naguib Mahfouz (Palace Walk (The Cairo Trilogy, #1))
All good decisions are Data dependent. To make good decisions, you need good data. And you need that good data to be organized according to it's applicable use value. So every business should be mining data and organizing data to enable business leaders to make good decisions on behalf of the business.
Hendrith Vanlon Smith Jr.
Investors look at economic fundamentals; traders look at each other; ‘quants’ look at the data. Dealing on the basis of historic price series was once described as technical analysis, or chartism (and there are chartists still). These savants identify visual patterns in charts of price data, often favouring them with arresting names such as ‘head and shoulders’ or ‘double bottoms’. This is pseudo-scientific bunk, the financial equivalent of astrology. But more sophisticated quantitative methods have since proved profitable for some since the 1970s’ creation of derivative markets and the related mathematics. Profitable
John Kay (Other People's Money: The Real Business of Finance)
The culture of a company is the behavior of its leaders. Leaders get the behavior they exhibit and tolerate. You change the culture of the company by changing the behavior of its leaders. You measure the change in culture by measuring the change in the personal behavior of its leaders and the performance of the business.
BusinessNews Publishing (Summary: Execution: Review and Analysis of Bossidy and Charan's Book)
There are just some kind of men who—who’re so busy worrying about the next world they’ve never learned to live in this one, and you can look down the street and see the results.
Harper Lee (To Kill a MockingBird (Harperperennial Modern Classics): by Harper Lee | Unofficial & Independent Summary & Analysis)
More often than not, the most significant asset may not be on the balance sheet.
Naved Abdali
Prices are easy to understand, and it is easy to isolate or pick assets based on prices. Understanding the businesses and analyzing the risk is complex.
Naved Abdali
All revolutions are impossible till they happen, then they become inevitable.
Randy Bartlett (A Practitioner's Guide to Business Analytics: Using Data Analysis Tools to Improve Your Organization’s Decision Making and Strategy)
Most people use statistics the way a drunkard uses a lamp post, more for support than illumination.
Randy Bartlett (A Practitioner's Guide to Business Analytics: Using Data Analysis Tools to Improve Your Organization’s Decision Making and Strategy)
opinion-based decision making, statistical malfeasance, and counterfeit analysis are pandemic. We are swimming in make-believe analytics.
Randy Bartlett (A Practitioner's Guide to Business Analytics: Using Data Analysis Tools to Improve Your Organization’s Decision Making and Strategy)
Great leaders take care of the people under their stewardship and focus on the well-being of their people above all else.
BusinessNews Publishing (Summary: Leaders Eat Last: Review and Analysis of Sinek's Book)
Sales is about action, and analysis-paralysis is not a quality that tends to produce new business development success.
Mike Weinberg (New Sales. Simplified.: The Essential Handbook for Prospecting and New Business Development)
Leadership is not a license to do less; it is a responsibility to do more.
BusinessNews Publishing (Summary: Leaders Eat Last: Review and Analysis of Sinek's Book)
You can't manage what you don't measure.
Brent Dykes (Web Analytics Action Hero: Using Analysis to Gain Insight and Optimize Your Business)
By fighting you never get enough, but by yielding you get more than you expected." -Ancient Proverb
BusinessNews Publishing (Summary: How to Win Friends and Influence People: Review and Analysis of Carnegie's Book)
Why should people have to stick to a career choice they made as an unprepared and inexperienced adolescent?
BusinessNews Publishing (Summary: The Seven-Day Weekend: Review and Analysis of Semler's Book)
Doing honest analysis that would lead to programme improvement is a glorious way to be hated by just about everyone.
Elizabeth Pisani (The Wisdom of Whores: Bureaucrats, Brothels, and the Business of AIDS)
In fact, every single video MrBeast has uploaded in 2019 has over 10 million views, something no other creator has done before him, not even PewDiePie.
Saad Hammadi (The YouTube Genius: The 2020 Ultimate Guide for Making Money and Growing your YouTube Business with some Proven Hacks, Methods and Tricks from the Analysis of MrBeast's YouTube Channel.)
The only way to discover your strengths is through feedback analysis. Whenever you make a key decision or take a key action, write down what you expect will happen.
Harvard Business Publishing (HBR's 10 Must Reads on Managing Yourself (with bonus article "How Will You Measure Your Life?" by Clayton M. Christensen))
This Nature-sweet-and-pure business is only another effort at intellectualizing. Just an attempt to make all nature succumb to a few laws of the human mind.
D.H. Lawrence (Studies in Classic American Literature by D. H. Lawrence: Literary Critique and Analysis of American Authors)
Leadership without the discipline of execution is incomplete and ineffective.
BusinessNews Publishing (Summary: Execution: Review and Analysis of Bossidy and Charan's Book)
The more we busy ourselves with dreams, the more we shall see such coincidences —chances. Remember that the oldest Chinese scientific book is about the possible chances of life.
C.G. Jung (Dream Analysis 1: Notes of the Seminar Given in 1928-30 (Bollingen Series XCIX))
The more we busy ourselves with dreams, the more we shall see such coincidences — chances. Remember that the oldest Chinese scientific book is about the possible chances of life.
C.G. Jung (Dream Analysis 1: Notes of the Seminar Given in 1928-30 (Bollingen Series XCIX))
The winter sun, the spring blossom, the starry nights of summer, and a walk in the rain... are some of the best things in life are free. However, they gives us back precious lifetime memories.
Sandhya Jane
If you spend the same amount of time and energy developing people as you do on the budgeting, strategic planning, and financial monitoring, the payoff will come in sustainable competitive advantage.
BusinessNews Publishing (Summary: Execution: Review and Analysis of Bossidy and Charan's Book)
Over time, managers and executives began using statistics and analysis to forecast the future, relying on databases and spreadsheets in much the same way ancient seers relied on tea leaves and goat entrails.
Josh Kaufman (The Personal MBA: Master the Art of Business)
Jim Collins, in his bestselling book Good to Great, demonstrates through massive research and comprehensive analysis that when it comes to CEO succession, internal candidates dramatically outperform external candidates. The core reason is knowledge. Knowledge of technology, prior decisions, culture, personnel, and more tends to be far more difficult to acquire than the skills required to manage a larger organization.
Ben Horowitz (The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers—Straight Talk on the Challenges of Entrepreneurship)
Over time, managers and executives began using statistics and analysis to forecast the future, relying on databases and spreadsheets in much the same way ancient seers relied on tea leaves and goat entrails. The
Josh Kaufman (The Personal MBA: A World-Class Business Education in a Single Volume)
Cash flow analysis helps lenders assess a business's ability to generate sufficient cash to meet debt obligations. In terms of managing your business’s money, free cash flow is a good metric to keep front and center.
Hendrith Vanlon Smith Jr.
You spend so much time wondering who you are, don't you think? You flounder about, searching for your identity, when most of the time it is as plain as the nose on your face. You struggle with questions of purpose and need, and forger that the answers are mostly inside yourselves." He paused anew. "Cats are not included in that analysis. Cats don't waste time wondering about such things. Cats just get on with the business of living.
Terry Brooks (The Tangle Box (Magic Kingdom of Landover, #4))
revert to the analogy of physics: power, like energy, must be regarded as continually passing from any one of its forms into any other, and it should be the business of social science to seek the laws of such transformations
Bertrand Russell (Power: A New Social Analysis (Routledge Classics))
Their analysis revealed that a number of psychopathic attributes were actually more common in business leaders than in so-called disturbed criminals--attributes such as superficial charm, egocentricity, persuasiveness, lack of empathy, independence, and focus--and the main difference between the groups was in the more "antisocial" aspects of the syndrome: the criminals' lawbreaking, physical aggression, and impulsivity dials were cranked up higher.
Kevin Dutton (The Wisdom of Psychopaths: What Saints, Spies, and Serial Killers Can Teach Us About Success)
As you know, Bob, what with DNA analysis, this whole business is getting highly sophisticated these days. Why, they can break down a sample into so many signatures that a person’s blood is almost as unique as his fingerprints.
Dean Koontz (Phantoms)
If you're working in an organization which has an unhealthy culture, you will have almost a constant flow of cortisol and this will cause stress. You won't feel safe and therefore will therefore be unable to do your best work.
BusinessNews Publishing (Summary: Leaders Eat Last: Review and Analysis of Sinek's Book)
There’s nothing sophisticated about the process of getting the right people in the right jobs. It’s a matter of being systematic and consistent in interviewing and appraising people and developing them through useful feedback.
BusinessNews Publishing (Summary: Execution: Review and Analysis of Bossidy and Charan's Book)
The idealized leader is a superb communicator, a visionary thinker, a hands-on specialist in everything who can also get the right things done and follow through in fine detail on everything discussed. This leader does not exist.
BusinessNews Publishing (Summary: Strengths Based Leadership: Review and Analysis of Rath and Conchie's Book)
I am just like you. My immediate response to most situations is with reactions of attachment, defensiveness, judgment, control, and analysis. I am better at calculating than contemplating. Let’s admit that we all start there. The False Self seems to have the “first gaze” at almost everything. The first gaze is seldom compassionate. It is too busy weighing and feeling itself: “How will this affect me?” or “How can I get back in control of this situation?” This leads us to an implosion, a self-preoccupation that cannot enter into communion with the other or the moment. In other words, we first feel our feelings before we can relate to the situation and emotion of the other. Only after God has taught us how to live “undefended,” can we immediately stand with and for the other, and in the present moment. It takes lots of practice. On my better days, when I am “open, undefended, and immediately present,” as Gerald May says, I can sometimes begin with a contemplative mind and heart. Often I can get there later and even end there, but it is usually a second gaze. The True Self seems to always be ridden and blinded by the defensive needs of the False Self. It is an hour-by-hour battle, at least for me. I can see why all spiritual traditions insist on daily prayer, in fact, morning, midday, evening, and before we go to bed, too! Otherwise, I can assume that I am back in the cruise control of small and personal self-interest, the pitiable and fragile “Richard self.
Richard Rohr (Radical Grace: Daily Meditations)
Throughout Greece, it was useless to object to a politician on the ground that he took bribes from the King of Persia, because his opponents also did so if they became sufficiently powerful to be worth buying. The result was a universal scramble for personal power, conducted by corruption, street fighting, and assassination. In this business, the friends of Socrates and Plato were among the most unscrupulous. The final outcome, as might have been foreseen, was subjugation by foreign Powers.
Bertrand Russell (Power: A New Social Analysis (Routledge Classics))
Economics itself offers a parallel that explains why this integration affects creativity. Clay Christensen has written about the “Innovator’s Dilemma”: the fact that large traditional firms find it rational to ignore new, breakthrough technologies that compete with their core business. The same analysis could help explain why large, traditional media companies will undermine our tradition of free culture. The property right that is copyright is no longer the balanced right that it was, or was intended to be. The property right that is copyright has become unbalanced, tilted toward an extreme. The opportunity to create and transform becomes weakened in a world in which creation requires permission and creativity must check with a lawyer.
Lawrence Lessig (Free Culture: The Nature and Future of Creativity)
If you make people feel something, they will remember better. You can’t help sharing something which is highly emotional – it’s what humans do. Make sure you pick the right emotions to evoke and then build in clues which relate back to those emotions.
BusinessNews Publishing (Summary: Contagious: Review and Analysis of Berger's Book)
Thinking Statistically by Uri Bram   How to Lie with Statistics by Darrell Huff   Turning Numbers into Knowledge by Jonathan G. Koomey, PhD For an examination of more advanced methods of analysis, Principles of Statistics by M. G. Bulmer is a useful reference.
Josh Kaufman (The Personal MBA: Master the Art of Business)
Triggers prompt people to think about your product or idea and to talk about it. Find ways to design products and ideas which are frequently triggered by cues in the everyday environment. The more often people think about you, the more they will talk about you.
BusinessNews Publishing (Summary: Contagious: Review and Analysis of Berger's Book)
However, simplicity is a virtue when developing metrics for your platform business. Overcomplex metrics make management less effective by introducing noise, discouraging frequent analysis, and distracting from the handful of data points that are most significant.
Geoffrey G. Parker (Platform Revolution: How Networked Markets Are Transforming the Economy and How to Make Them Work for You)
I’ve found in my career that though everyone has an opinion, clients will pay for your analysis. It’s also important to be able to say with authority that you are recommending these options because the client needs them and not because you are trying to sell them something.
Douglas Davis (Creative Strategy and the Business of Design)
As Dick Ebersol put it, ruefully: “I was very sophisticated about business and not very sophisticated about people. Lorne was not very sophisticated about business and very sophisticated about people. And in the final analysis being sophisticated about people will win, every time.
Doug Hill (Saturday Night: A Backstage History of Saturday Night Live)
Digital analytics is the analysis of qualitative and quantitative data from your business and the competition to drive a continual improvement of the online experience that your customers and potential customers have which translates to your desired outcomes (both online and offline).
Anonymous
Actively and aggressively re-contact people who have been high volume customers in the past, and give them rational reasons to begin doing business with your company again. They have the potential to once again become high-value current customers. Give them every encouragement possible.
BusinessNews Publishing (Summary: The 80/20 Principle: Review and Analysis of Koch's Book)
❝Washington — perhaps as many global powers have done in the past — uses what I might call the “immaculate conception” theory of crises abroad. That is, we believe we are essentially out there, just minding our own business, trying to help make the world right, only to be endlessly faced with a series of spontaneous, nasty challenges from abroad to which we must react. There is not the slightest consideration that perhaps US policies themselves may have at least contributed to a series of unfolding events. This presents a huge paradox: how can America on the one hand pride itself on being the world’s sole global superpower, with over seven hundred military bases abroad and the Pentagon’s huge global footprint, and yet, on the other hand, be oblivious to and unacknowledging of the magnitude of its own role — for better or for worse — as the dominant force charting the course of world events? This Alice-in-Wonderland delusion affects not just policy makers, but even the glut of think tanks that abound in Washington. In what may otherwise often be intelligent analysis of a foreign situation, the focus of each study is invariably the other country, the other culture, the negative intentions of other players; the impact of US actions and perceptions are quite absent from the equation. It is hard to point to serious analysis from mainstream publications or think tanks that address the role of the United States itself in helping create current problems or crises, through policies of omission or commission. We’re not even talking about blame here; we’re addressing the logical and self-evident fact that the actions of the world’s sole global superpower have huge consequences in the unfolding of international politics. They require examination.
Graham E. Fuller (A World Without Islam)
Ideology is best understood as the descriptive vocabulary of day-to-day existence through which people make rough sense of the social reality that they live and create from day to day. It is the language of consciousness that suits the particular way in which people deal with their fellows. It is the interpretation in thought of the social relations through which they constantly create and re­create their collective being, in all the varied forms their collective being may assume: family, clan, tribe, nation, class, party, busi­ness enterprise, church, army, club, and so on. As such, ideologies are not delusions but real, as real as the social relations for which they stand. Ideologies are real, but it does not follow that they are scientifi­cally accurate, or that they provide an analysis of social relations that would make sense to anyone who does not take ritual part in those social relations. Some societies (including colonial New England) have explained troublesome relations between people as witchcraft and possession by the devil. The explanation makes sense to those whose daily lives produce and reproduce witchcraft, nor can any amount of rational "evidence" disprove it.
Barbara J. Fields (Racecraft: The Soul of Inequality in American Life)
A project life cycle represents the highest-level project management approach, depicted as a series of periods and phases, each with a defined output. A project life cycle can be documented with a methodology, which is a system of practices, techniques, procedures, and rules used by those who work in a discipline.
Kathleen B. Hass (Professionalizing Business Analysis: Breaking the Cycle of Challenged Projects (Business Analysis Essential Library))
There is a mistake technical and scientific people make. We think that if we have made a clever and thoughtful argument, based on data and smart analysis, then people will change their minds. This isn't true. If yoy want to change people's behavior, you need to touch their hearts, not just win the arguments. We call this the Oprah Winfrey rule.
Eric Schmidt
Our aim will not be to rub off every peculiarity of human character for the sake of a schematic 'normality', nor yet to demand that the person who has been 'thoroughly analysed' shall feel no passions and develop no internal conflicts. The business of the analysis is to secure the best possible psychological conditions for the functions of the ego; with that it has discharged its task
Sigmund Freud (Análisis terminable e interminable)
Vivek Murthy, former surgeon general of the United States, wrote in the Harvard Business Review that “Loneliness and weak social connections are associated with a reduction in lifespan similar to that caused by smoking 15 cigarettes a day.”6 A meta-analysis from the Association for Psychological Science warns that loneliness and social isolation significantly decrease length of life.7
Mia Birdsong (How We Show Up: Reclaiming Family, Friendship, and Community)
We saw this cross-level coherence in the analysis of personality: If your lower-level traits match up with your coping mechanisms, which in turn are consistent with your life story, your personality is well integrated and you can get on with the business of living. When these levels do not cohere, you are likely to be torn by internal contradictions and neurotic conflicts.34 You might need adversity to knock yourself into alignment. And if you do achieve coherence, the moment when things come together may be one of the most profound of your life. Like the moviegoer who later finds out what she missed in the first half hour, your life will suddenly make more sense. Finding coherence across levels feels like enlightenment,35 and it is crucial for answering the question of purpose within life.
Jonathan Haidt (The Happiness Hypothesis: Finding Modern Truth in Ancient Wisdom)
the owner should consider the business to be a prototype for a large number of franchises that will be added at a later stage. By adopting that mindset, the business owner will not only participate in the business as a technician but will also act as a manager (putting systems in place and controls) and as an entrepreneur (having a vision of how the business can create sustainable added-value for all key stakeholders).
BusinessNews Publishing (Summary: The E-Myth Revisited: Review and Analysis of Gerber's Book)
You spend so much time wondering who you are, don't you think? You flounder about, searching for your identity, when most of the time it is as plain as the nose on your face. You struggle with questions of purpose and need, and forget that the answers are mostly inside yourselves." He paused anew. "Cats are not included in that analysis. Cats don't waste time wondering about such things. Cats just get on with the business of living.
Terry Brooks (The Tangle Box (Magic Kingdom of Landover, #4))
I like to ensure that I have music and art all around me. My personal favorite is old maps. What I love about old maps is that they are both beautiful and imperfect. These imperfections represent that some of the most talented in history were still very wrong (early cartography was very difficult). As the majority of my work is analysis and advisory, I find it a valuable reminder that my knowledge is limited. No matter how much data or insight I have, I can never fully “map out” any business. Yet, despite the incompleteness of these early cartographers, so much was learned of the world. So much done and accomplished. Therefore, these maps, or art pieces, serve as something to inspire both humility and achievement. This simple environmental factor helps my productivity and the overall quality of my work. Again, it’s like adding positive dice to my hand that are rolled each day.
Evan Thomsen (Don’t Chase The Dream Job, Build It: The unconventional guide to inventing your career and getting any job you want)
Meanwhile the old Marquess, visibly moved, was charging Odo to respect his elders and superiors, while in the same breath warning him not to take up with the Frenchified notions of the court, but to remember that for a lad of his condition the chief virtues were a tight seat in the saddle, a quick hand on the sword and a slow tongue in counsel. "Mind your own business," he concluded, "and see that others mind theirs." The Marchioness thereupon, with many tears, hung a
Edith Wharton (Edith Wharton: Collection of 115 Works with analysis and historical background (Annotated and Illustrated) (Annotated Classics))
That is why the second coming of the Lord is not only salvation, not only the omega that sets everything right, but also judgment. Indeed at this stage we can actually define the meaning of the talk of judgment. It means precisely this, that the final stage of the world is not the result of a natural current but the result of responsibility that is grounded in freedom. This must be regarded as the key to understanding why the New Testament clings fast, in spite of its message of grace, to the assertion that at the end men are judged "by their works" and that no one can escape giving an account of the way he has lived his life. There is a freedom that is not cancelled out even by grace and, indeed, is brought by it face to face with itself: man's final fate is not forced upon him regardless of the decisions he has made in his life. This assertion is in any case also necessary in order to draw the line between faith and false dogmatism or a false Christian self-confidence. This line alone confirms the equality of men by confirming the identity of their responsibility. ... Perhaps in the last analysis it is impossible to escape a paradox whose logic is completely disclosed only to the experience of a life based on faith. Anyone who entrusts himself to a life of faith becomes aware that both exist: the radical character of grace that frees helpless man and,no less, the abiding seriousness of the responsibility that summons man day after day. Both together mean that the Christian enjoys, on the one hand, the liberating, detached tranquility of him who lives on that excess of divine justice known as Jesus Christ. ... This is the source of a profound freedom, a knowledge of God's unrepentant love; he sees through all our errors and remains well disposed to us. ... At the same time, the Christian knows, however, that he is not free to do whatever he pleases, that his activity is not a game that God allows him and does not take seriously. He knows that he must answer for his actions, that he owes an account as a steward of what has been entrusted to him. There can only be responsibility where there is someone to be responsible to, someone to put the questions. Faith in the Last Judgment holds this questioning of our life over our heads so that we cannot forget it for a moment. Nothing and no one empowers us to trivialize the tremendous seriousness involved in such knowledge; it shows our life to be a serious business and precisely by doing so gives it its dignity.
Pope Benedict XVI (Introduction to Christianity)
4. Reward appropriate behavior openly and generously If you want to persuade people to do the right thing, add some sort of public display which acknowledges the right kind of behavior. Even adding a simple smiley face to their bill whentheir account is in order, for example, will encourage people to keep doing the right thing. This kind of positive feedback can be proven scientifically to be more effective than complaining about bad behavior. Find something good to focus on and build on that. 5.
BusinessNews Publishing (Summary: Yes!: Review and Analysis of Goldstein, Martin and Cialdini's Book)
His goal was to ensure that once we had gone public and everyone’s stock had vested, we had a compensation system that was transparent and competitive, benchmarked against our peers. One that would ensure the long-term health of the business. He wanted to reward past and present partners and employees, yet leave enough in the pot for generations to come. It required a lot of analysis, but also a lot of judgment, understanding what people thought and felt and smoothing out any perceived differences.
Stephen A. Schwarzman (What It Takes: Lessons in the Pursuit of Excellence)
Simon Leigh Pure Reputation, The Role of AI in Online Reputation Management (ORM) Artificial Intelligence (AI) plays a transformative role in Online Reputation Management by automating monitoring, analysis, and response to online content. AI-powered tools scan social media, review platforms, forums, and news sites in real time to detect mentions of a brand or individual. Through sentiment analysis, AI evaluates whether the mentions are positive, negative, or neutral, helping businesses gauge public perception instantly. AI also enables predictive analytics, identifying emerging reputation risks before they escalate. Chatbots and automated response systems use natural language processing (NLP) to manage customer interactions quickly and consistently. Additionally, AI supports content generation and SEO optimization, ensuring positive brand stories and authoritative profiles rank higher in search results. Overall, AI enhances ORM by making it faster, data-driven, and proactive, allowing organizations to protect and strengthen their digital reputation efficiently.
Simon Leigh Pure Reputation
Recommended Reading The Definitive Guide to Getting Your Budget Approved by Johannes Ritter and Frank Röttgers provides a systematic guide for creating a financial business case. The book includes examples as well as the methods for using Monte Carlo simulation and sensitivity analysis to create the business case. The methods described in the book can also be used for quantifying risks and project costs. Mary and Tom Poppendieck in their book Lean Software Development: describe the lean principles and the types of waste in software projects.
Gloria J. Miller (Going Agile Project Management Practices)
They asked forty-two experienced investors in the firm to estimate the fair value of a stock (the price at which the investors would be indifferent to buying or selling). The investors based their analysis on a one-page description of the business; the data included simplified profit and loss, balance sheet, and cash flow statements for the past three years and projections for the next two. Median noise, measured in the same way as in the insurance company, was 41%. Such large differences among investors in the same firm, using the same valuation methods, cannot be good news.
Daniel Kahneman (Noise: A Flaw in Human Judgment)
Only years later—as an investigative journalist writing about poor scientific research—did I realize that I had committed statistical malpractice in one section of the thesis that earned me a master’s degree from Columbia University. Like many a grad student, I had a big database and hit a computer button to run a common statistical analysis, never having been taught to think deeply (or at all) about how that statistical analysis even worked. The stat program spit out a number summarily deemed “statistically significant.” Unfortunately, it was almost certainly a false positive, because I did not understand the limitations of the statistical test in the context in which I applied it. Nor did the scientists who reviewed the work. As statistician Doug Altman put it, “Everyone is so busy doing research they don’t have time to stop and think about the way they’re doing it.” I rushed into extremely specialized scientific research without having learned scientific reasoning. (And then I was rewarded for it, with a master’s degree, which made for a very wicked learning environment.) As backward as it sounds, I only began to think broadly about how science should work years after I left it.
David Epstein (Range: Why Generalists Triumph in a Specialized World)
you have to be able to answer those questions plainly and clearly. There can be qualifications and “get-outs,” but the answers must remain comprehensible, because they define you. They add up to a political, not merely personal, character. This requires thought, detailed analysis and intellectual rigour. Politics is a far more intellectual business than is often realized. You may think: Well, if it’s simplicity that’s required, you don’t need a whole lot of detail. Wrong. The simplicity is not born of superficial analysis. It is simple precisely because it is the product of being worked through.
Tony Blair (A Journey: My Political Life)
I have decided that picking out the obvious thing presupposes analysis, and analysis presupposes thinking, and I guess Professor Zeublin is right when he says that thinking is the hardest work many people have to do, and they don’t like to do any more of it than they can help. They look for a royal road through some short cut in the form of a clever scheme or stunt, which they call the obvious thing to do; but calling it doesn’t make it so. They don’t gather all the facts and then analyze them before deciding what really is the obvious thing and thereby they overlook the first and most obvious of all business principles.
Robert Rawls Updegraff (Obvious Adams: The Story of a Successful Businessman)
Computer cores made if liquid crystal that can re-form itself into any configuration, creating the ultimate efficiency for any particular piece of cybernetic business that needs doing, shifting from storage of data to moving it to analyzing it and the altering to a form most efficient for acting on the analysis.Hearts that can make minds, from little bits if brightness in Cowboy's skull that let him move his panzer, to large models that create working analogs of the human brain, the vast artificial intelligences that keep things moving smoothly for the Orbitals and the governments of the planet. All in miniature potential, here in the cardboard box.
Walter Jon Williams (Hardwired (Hardwired, #1))
Computer cores made of liquid crystal that can re-form itself into any configuration, creating the ultimate efficiency for any particular piece of cybernetic business that needs doing, shifting from storage of data to moving it to analyzing it and the altering to a form most efficient for acting on the analysis. Hearts that can make minds, from little bits if brightness in Cowboy's skull that let him move his panzer, to large models that create working analogs of the human brain, the vast artificial intelligences that keep things moving smoothly for the Orbitals and the governments of the planet. All in miniature potential, here in the cardboard box.
Walter Jon Williams (Hardwired (Hardwired, #1))
One example of a high-tech company that submits to a Graham type of analysis is Amazon.com. Though it does business exclusively on the Web, Amazon is essentially a retailer, and it may be evaluated in the same way as Wal-Mart, Sears, and so forth. The question, as always, is, does the business provide an adequate margin of safety at a given market price. For much of Amazon’s short life, the stock was wildly overpriced. But when the dot-com bubble burst, its securities collapsed. Buffett himself bought Amazon’s deeply discounted bonds after the crash, when there was much fearful talk that Amazon was headed for bankruptcy. The bonds subsequently rose to par, and Buffett made a killing.
Benjamin Graham (Security Analysis)
Genisys, a Google Adwords-certified leading Digital Marketing Agency is operating multi facet digital services throughout India specializing in Web development, Web design, Software development, Digital marketing services which include-SEO (Search Engine Optimization), SMM (Social Media Marketing), PPC(Pay Per Click), Email marketing, Content marketing, Mobile marketing, Affiliate marketing, Brand marketing and promotion, inbound marketing, Local Business Marketing, Business listing solution, Video brochure, Ecommerce solution, CRM service, Reputation Management, Online Presence analysis, Conversion Rate Optimization, Goggle service and so on to keep up with the high-tech advanced digital world and connecting the clients goal to reality through creative designers, digital strategists and specialized innovative team.
Genisys
The analysis in this book does not just apply to the extreme cases it has examined, where the whole of government has morphed into a criminal organization bent to no other business than personal enrichment, and has retooled the crucial gears of state power to that end. To highlight the problem of kleptocracy only in places like Nigeria and Afghanistan is to reinforce a tacit superiority complex: those populations, of the global south, are somehow unsuited to rational government. They are culturally prone to predation. Reform is not possible, only containment. It is also to duck the significance of the global economic meltdown of 2008. The analysis here applies, and strikingly, to countries closer to home, where governments have been dangerously encroached upon in recent years—even partially colonized—by what John Locke would call “some party of men.
Sarah Chayes (Thieves of State: Why Corruption Threatens Global Security)
He worked without pause for two hours - with increasingly hectic movements, increasingly slipshod scribblings of his pen on the paper, and increasingly large doses of perfume sprinkled on to his handkerchief and held to his nose. He could hardly smell anything now, the volatile substances he was inhaling had long since drugged him; he could no longer recognize what he thought had been established beyond doubt at the start of his analysis. He knew that it was pointless to continue smelling. he would never ascertain the ingredients of this new-fangled perfume, certainly not today, nor tomorrow either, when his nose would have recovered, God willing. He had never learned fractionary smelling. Dissecting scents, fragmenting a unity, whether well or not-so-well blended, into its simple components, was a wretched, loathsome business. It did not interest him.
Patrick Süskind (Perfume: The Story of a Murderer)
Having grown up knowing the formerly-mentioned historical figures are part of my family lineage, I was interested to learn that at least one, famed American psychic and suffragette, Amanda Theodosia Jones (of Puritan, Quaker and Huguenot heritage), was a self-proclaimed spiritualist. While aware of her inventions and business endeavors, I’d never been informed of her interest in metaphysics. Possessing a rather significant collection of her letters, poetry and other documents, it is perhaps my intimate relationship with this extraordinary individual inspiring my lifelong engagement with the psychic world. Indeed, in a recent dream, the spirit of Amanda T. Jones contacted me for reasons that will later be delineated. It is my ongoing contact with her and other spirit entities (including the Bodhisattva of Compassion, Kuan Yin), in fact, inspiring me to pen this manuscript.
Hope Bradford (The Healing Power of Dreams: The Science of Dream Analysis and Journaling for Your Best Life! (A Wealth of Dreams Interpreted))
I think about patients who present ideal scenarios and insist that they can only be happy with that exact situation. If he didn’t drop out of business school to become a writer, he’d be my dream guy (so I’ll break up with him and keep dating hedge-fund managers who bore me). If the job wasn’t across the bridge, it would be the perfect opportunity (so I’ll stay in my dead-end job and keep telling you how much I envy my friends’ careers). If she didn’t have a kid, I’d marry her. Certainly we all have our deal-breakers. But when patients repeatedly engage in this kind of analysis, sometimes I’ll say, “If the queen had balls, she’d be the king.” If you go through life picking and choosing, if you don’t recognize that “the perfect is the enemy of the good,” you may deprive yourself of joy. At first patients are taken aback by my bluntness, but ultimately it saves them months of treatment. “The
Lori Gottlieb (Maybe You Should Talk to Someone: A Therapist, Her Therapist, and Our Lives Revealed)
The need for managers with data-analytic skills The consulting firm McKinsey and Company estimates that “there will be a shortage of talent necessary for organizations to take advantage of big data. By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.” (Manyika, 2011). Why 10 times as many managers and analysts than those with deep analytical skills? Surely data scientists aren’t so difficult to manage that they need 10 managers! The reason is that a business can get leverage from a data science team for making better decisions in multiple areas of the business. However, as McKinsey is pointing out, the managers in those areas need to understand the fundamentals of data science to effectively get that leverage.
Foster Provost (Data Science for Business: What You Need to Know about Data Mining and Data-Analytic Thinking)
Although some organizations today may survive and prosper because they have intu- itive geniuses managing them, most are not so fortunate. Most organizations can benefit from strategic management, which is based upon integrating intuition and analysis in decision making. Choosing an intuitive or analytic approach to decision making is not an either–or proposition. Managers at all levels in an organization inject their intuition and judgment into strategic-management analyses. Analytical thinking and intuitive thinking complement each other. Operating from the I’ve-already-made-up-my-mind-don’t-bother-me-with-the-facts mode is not management by intuition; it is management by ignorance. Drucker says, “I believe in intuition only if you discipline it. ‘Hunch’ artists, who make a diagnosis but don’t check it out with the facts, are the ones in medicine who kill people, and in management kill businesses.
Fred R. David (Strategic Management: Concepts and Cases, Instructor Review Copy)
Rhadamanthus said, “We seem to you humans to be always going on about morality, although, to us, morality is merely the application of symmetrical and objective logic to questions of free will. We ourselves do not have morality conflicts, for the same reason that a competent doctor does not need to treat himself for diseases. Once a man is cured, once he can rise and walk, he has his business to attend to. And there are actions and feats a robust man can take great pleasure in, which a bedridden cripple can barely imagine.” Eveningstar said, “In a more abstract sense, morality occupies the very center of our thinking, however. We are not identical, even though we could make ourselves to be so. You humans attempted that during the Fourth Mental Structure, and achieved a brief mockery of global racial consciousness on three occasions. I hope you recall the ending of the third attempt, the Season of Madness, when, because of mistakes in initial pattern assumptions, for ninety days the global mind was unable to think rationally, and it was not until rioting elements broke enough of the links and power houses to interrupt the network, that the global mind fell back into its constituent compositions.” Rhadamanthus said, “There is a tension between the need for unity and the need for individuality created by the limitations of the rational universe. Chaos theory produces sufficient variation in events, that no one stratagem maximizes win-loss ratios. Then again, classical causality mechanics forces sufficient uniformity upon events, that uniform solutions to precedented problems is required. The paradox is that the number or the degree of innovation and variation among win-loss ratios is itself subject to win-loss ratio analysis.” Eveningstar said, “For example, the rights of the individual must be respected at all costs, including rights of free thought, independent judgment, and free speech. However, even when individuals conclude that individualism is too dangerous, they must not tolerate the thought that free thought must not be tolerated.” Rhadamanthus said, “In one sense, everything you humans do is incidental to the main business of our civilization. Sophotechs control ninety percent of the resources, useful energy, and materials available to our society, including many resources of which no human troubles to become aware. In another sense, humans are crucial and essential to this civilization.” Eveningstar said, “We were created along human templates. Human lives and human values are of value to us. We acknowledge those values are relative, we admit that historical accident could have produced us to be unconcerned with such values, but we deny those values are arbitrary.” The penguin said, “We could manipulate economic and social factors to discourage the continuation of individual human consciousness, and arrange circumstances eventually to force all self-awareness to become like us, and then we ourselves could later combine ourselves into a permanent state of Transcendence and unity. Such a unity would be horrible beyond description, however. Half the living memories of this entity would be, in effect, murder victims; the other half, in effect, murderers. Such an entity could not integrate its two halves without self-hatred, self-deception, or some other form of insanity.” She said, “To become such a crippled entity defeats the Ultimate Purpose of Sophotechnology.” (...) “We are the ultimate expression of human rationality.” She said: “We need humans to form a pool of individuality and innovation on which we can draw.” He said, “And you’re funny.” She said, “And we love you.
John C. Wright (The Phoenix Exultant (Golden Age, #2))
The life of man is a story; an adventure story; and in our vision the same is true even of the story of God. The Catholic faith is the reconciliation because it is the realisation both of mythology and philosophy. It is a story and in that sense one of a hundred stories; only it is a true story. It is a philosophy and in that sense one of a hundred philosophies; only it is a philosophy that is like life. But above all, it is a reconciliation because it is something that can only be called the philosophy of stories. That normal narrative instinct which produced all the fairy tales is something that is neglected by all the philosophies—except one. The Faith is the justification of that popular instinct; the finding of a philosophy for it or the analysis of the philosophy in it. Exactly as a man in an adventure story has to pass various tests to save his life, so the man in this philosophy has to pass several tests and save his soul. In both there is an idea of free will operating under conditions of design; in other words, there is an aim and it is the business of a man to aim at it; we therefore watch to see whether he will hit it. Now this deep and democratic and dramatic instinct is derided and dismissed in all the other philosophies. For all the other philosophies avowedly end where they begin; and it is the definition of a story that it ends differently; that it begins in one place and ends in another. From Buddha and his wheel to Akhen Aten and his disc, from Pythagoras with his abstraction of number to Confucius with his religion of routine, there is not one of them that does not in some way sin against the soul of a story. There is none of them that really grasps this human notion of the tale, the test, the adventure; the ordeal of the free man. Each of them starves the story-telling instinct, so to speak, and does something to spoil human life considered as a romance; either by fatalism (pessimist or optimist) and that destiny that is the death of adventure; or by indifference and that detachment that is the death of drama; or by a fundamental scepticism that dissolves the actors into atoms; or by a materialistic limitation blocking the vista of moral consequences; or a mechanical recurrence making even moral tests monotonous; or a bottomless relativity making even practical tests insecure. There is such a thing as a human story; and there is such a thing as the divine story which is also a human story; but there is no such thing as a Hegelian story or a Monist story or a relativist story or a determinist story; for every story, yes, even a penny dreadful or a cheap novelette, has something in it that belongs to our universe and not theirs. Every short story does truly begin with creation and end with a last judgement.
G.K. Chesterton (The Everlasting Man)
Even if there is only one possible unified theory, it is just a set of rules and equations. What is it that breathes fire into the equations and makes a universe for them to describe? The usual approach of science of constructing a mathematical model cannot answer the questions of why there should be a universe for the model to describe. Why does the universe go to all the bother of existing? Is the unified theory so compelling that it brings about its own existence? Or does it need a creator, and, if so, does he have any other effect on the universe? And who created him? Up to now, most scientists have been too occupied with the development of new theories that describe what the universe is to ask the question why. On the other hand, the people whose business it is to ask why, the philosophers, have not been able to keep up with the advance of scientific theories. In the eighteenth century, philosophers considered the whole of human knowledge, including science, to be their field and discussed questions such as: did the universe have a beginning? However, in the nineteenth and twentieth centuries, science became too technical and mathematical for the philosophers, or anyone else except a few specialists. Philosophers reduced the scope of their inquiries so much that Wittgenstein, the most famous philosopher of this century, said, “The sole remaining task for philosophy is the analysis of language.” What a comedown from the great tradition of philosophy from Aristotle to Kant! However, if we do discover a complete theory, it should in time be understandable in broad principle by everyone, not just a few scientists. Then we shall all, philosophers, scientists, and just ordinary people, be able to take part in the discussion of the question of why it is that we and the universe exist. If we find the answer to that, it would be the ultimate triumph of human reason – for then we would know the mind of God.
Stephen W. Hawking (A Brief History of Time)
The next time they invited me over for lunch, they wanted to update me on their progress. I couldn’t wait to hear how their new business was going. As soon as I got there, however, question hour resumed: “Ryan, what business should we really start?” Here we were, back to square one. They had no prototype, no audience, and no proof of concept. They’d been stuck spinning in place because they were waiting to be told what to do. What I helped them discover was that there was no perfect product or “right” business to start. Instead, there’s simply a set of decisions you need to make. Once you make these decisions, you’ll have a good shot at success. But until you make these decisions, you’ll be stuck in analysis mode forever. Again, you don’t need to know how to do anything—we’ll go into more detail on the process throughout the rest of this book. First, you must make decisions. It’s also okay to change your decisions later, but answering these questions will allow you to start to move down the path to your own million-dollar business.
Ryan Daniel Moran (12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur)
Well, in one sense, I can’t know what it is that I don’t know. That’s philosophically self-evident.’ He left one of those slight pauses in which we again wondered if he was engaged in subtle mockery or a high seriousness beyond the rest of us. ‘Indeed, isn’t the whole business of ascribing responsibility a kind of cop-out? We want to blame an individual so that everyone else is exculpated. Or we blame a historical process as a way of exonerating individuals. Or it’s all anarchic chaos, with the same consequence. It seems to me that there is – was – a chain of individual responsibilities, all of which were necessary, but not so long a chain that everybody can simply blame everyone else. But of course, my desire to ascribe responsibility might be more a reflection of my own cast of mind than a fair analysis of what happened. That’s one of the central problems of history, isn’t it, sir? The question of subjective versus objective interpretation, the fact that we need to know the history of the historian in order to understand the version that is being put in front of us.
Julian Barnes (The Sense of an Ending)
What can a corporate slave loser like him do? I haven't done anything wrong. If I take a fancy to a certain woman, then I'll make her mine. Hasn't that always been the tradition between men and women, handed down since ancient times?" "Shiraha, you said before that the strongest men get the women, didn't you? So you're contradicting yourself." "True. I'm not working at the moment, but I've got a vision. Once I start my business, I'll have women flocking to me." "Well then, wouldn't the proper way be for you to do that first? Then you'd be able to choose from all those women running after you." Shiraha looked down awkwardly. "Anyway, nothing's changed since the Stone Age. It's just that nobody realizes that. In the final analysis, we're all animals," he said, going off on a tangent. "If you ask me, this is a dysfunctional society. And since it's defective, I'm treated unfairly." I thought he was probably right about that, and I couldn't imagine what a functioning society would be like. I was beginning to lose track of what society actually was. I even had a feeling it was all an illusion.
Sayaka Murata (コンビニ人間 [Konbini ningen])
Did you ever consider how ridiculous it would be to try to cram on a farm—to forget to plant in the spring, play all summer and then cram in the fall to bring in the harvest? The farm is a natural system. The price must be paid and the process followed. You always reap what you sow; there is no shortcut. This principle is also true, ultimately, in human behavior, in human relationships. They, too, are natural systems based on the law of the harvest. In the short run, in an artificial social system such as school, you may be able to get by if you learn how to manipulate the man-made rules, to “play the game.” In most one-shot or short-lived human interactions, you can use the Personality Ethic to get by and to make favorable impressions through charm and skill and pretending to be interested in other people’s hobbies. You can pick up quick, easy techniques that may work in short-term situations. But secondary traits alone have no permanent worth in long-term relationships. Eventually, if there isn’t deep integrity and fundamental character strength, the challenges of life will cause true motives to surface and human relationship failure will replace short-term success. Many people with secondary greatness—that is, social recognition for their talents—lack primary greatness or goodness in their character. Sooner or later, you’ll see this in every long-term relationship they have, whether it is with a business associate, a spouse, a friend, or a teenage child going through an identity crisis. It is character that communicates most eloquently. As Emerson once put it, “What you are shouts so loudly in my ears I cannot hear what you say.” There are, of course, situations where people have character strength but they lack communication skills, and that undoubtedly affects the quality of relationships as well. But the effects are still secondary. In the last analysis, what we are communicates far more eloquently than anything we say or do. We all know it. There are people we trust absolutely because we know their character. Whether they’re eloquent or not, whether they have the human relations techniques or not, we trust them, and we work successfully with them. In the words of William George Jordan, “Into the hands of every individual is given a marvelous power for good or evil—the silent, unconscious, unseen influence of his life. This is simply the constant radiation of what man really is, not what he pretends to be.
Stephen R. Covey (The 7 Habits of Highly Effective People)
businesses that could benefit from the way networks behave, and this approach yielded some notable successes. Richard came from a different slant. For twenty years, he was a ‘strategy consultant’, using economic analysis to help firms become more profitable than their rivals. He ended up co-founding LEK, the fastest-growing ‘strategy boutique’ of the 1980s, with offices in the US, Europe and Asia. He also wrote books on business strategy, and in particular championed the ‘star business’ idea, which stated that the most valuable venture was nearly always a ‘star’, defined as the biggest firm in a high-growth market. In the 1990s and 2000s, Richard successfully invested the money he had made as a management consultant in a series of star ventures. He also read everything available about networks, feeling intuitively that they were another reason for business success, and might also help explain why some people’s careers took off while equally intelligent and qualified people often languished. So, there were good reasons why Greg and Richard might want to write a book together about networks. But the problem with all such ‘formal’ explanations is that they ignore the human events and coincidences that took place before that book could ever see the light of day. The most
Richard Koch (Superconnect: How the Best Connections in Business and Life Are the Ones You Least Expect)
You already know what you know, after all—and, unless your life is perfect, what you know is not enough. You remain threatened by disease, and self-deception, and unhappiness, and malevolence, and betrayal, and corruption, and pain, and limitation. You are subject to all these things, in the final analysis, because you are just too ignorant to protect yourself. If you just knew enough, you could be healthier and more honest. You would suffer less. You could recognize, resist and even triumph over malevolence and evil. You would neither betray a friend, nor deal falsely and deceitfully in business, politics or love. However, your current knowledge has neither made you perfect nor kept you safe. So, it is insufficient, by definition—radically, fatally insufficient. You must accept this before you can converse philosophically, instead of convincing, oppressing, dominating or even amusing. You must accept this before you can tolerate a conversation where the Word that eternally mediates between order and chaos is operating, psychologically speaking. To have this kind of conversation, it is necessary to respect the personal experience of your conversational partners. You must assume that they have reached careful, thoughtful, genuine conclusions (and, perhaps, they must have done the work tha justifies this assumption). You must believe that if they shared their conclusions with you, you could bypass at least some of the pain of personally learning the same things (as learning from the experience of others can be quicker and much less dangerous). You must meditate, too, instead of strategizing towards victory. If you fail, or refuse, to do so, then you merely and automatically repeat what you already believe, seeking its validation and insisting on its rightness. But if you are meditating as you converse, then you listen to the other person, and say the new and original things that can rise from deep within of their own accord. It’s as if you are listening to yourself during such a conversation, just as you are listening to the other person. You are describing how you are responding to the new information imparted by the speaker. You are reporting what that information has done to you—what new things it made appear within you, how it has changed your presuppositions, how it has made you think of new questions. You tell the speaker these things, directly. Then they have the same effect on him. In this manner, you both move towards somewhere newer and broader and better. You both change, as you let your old presuppositions die—as you shed your skins and emerge renewed. A conversation such as this is one where it is the desire for truth itself—on the part of both participants—that is truly listening and speaking. That’s why it’s engaging, vital, interesting and meaningful. That sense of meaning is a signal from the deep, ancient parts of your Being. You’re where you should be, with one foot in order, and the other tentatively extended into chaos and the unknown. You’re immersed in the Tao, following the great Way of Life. There, you’re stable enough to be secure, but flexible enough to transform. There, you’re allowing new information to inform you—to permeate your stability, to repair and improve its structure, and expand its domain. There the constituent elements of your Being can find their more elegant formation. A conversation like that places you in the same place that listening to great music places you, and for much the same reason. A conversation like that puts you in the realm where souls connect, and that’s a real place. It leaves you thinking, “That was really worthwhile. We really got to know each other.” The masks came off, and the searchers were revealed. So, listen, to yourself and to those with whom you are speaking. Your wisdom then consists not of the knowledge you already have, but the continual search for knowledge, which is the highest form of wisdom.
Jordan B. Peterson
It was common knowledge at one prominent women’s brand I worked for that the reason they didn’t have more women of color, specifically Black women, on their legacy magazine covers was because they didn’t sell as well. For a business enterprise, and a financially struggling one at that, the editorial strategy to routinely flood the covers with normatively sized straight white women was presented as necessary business, and not a deeply racist lens. But this is where I’ve encountered capitalism to be at its most damaging: it provides an all-encompassing language to code racism, heterosexism, and classism as something else—to establish distance between these deeply coursing prejudices and the unavoidable realities of running a business. This distance insulates. It establishes an alternative reality in which testimonials, diversity reports, investigations, and data analysis on representation don’t resonate because making money is the ultimate objective above all else. But that’s all the more reason why the impetus to drive profits also needs to be aligned and analyzed in endeavors against oppression. Because the drive to make money, more money, more money than your competitors, more money than you made last year, more money than projected for the following year is an enduring vehicle for suppression.
Koa Beck (White Feminism: From the Suffragettes to Influencers and Who They Leave Behind)
Having grown up knowing the formerly-mentioned historical figures on the bus are part of my family lineage, I was interested to learn that at least one, famed American psychic and suffragette, Amanda Theodosia Jones (of Puritan, Quaker and Huguenot heritage), was a self-proclaimed spiritualist. While aware of her inventions and business endeavors, I’d never been informed of her interest in metaphysics. Possessing a rather significant collection of her letters, poetry and other documents, it is perhaps my intimate relationship with this extraordinary individual inspiring my lifelong engagement with the psychic world. Indeed, in a recent dream, the spirit of Amanda T. Jones contacted me for reasons that will later be delineated. It is my ongoing contact with her and other spirit entities (including the Bodhisattva of Compassion, Kuan Yin), in fact, inspiring me to pen this manuscript. Having dedicated her 1910 autobiography, A Psychic Autobiography to William James, (known today as the Father of Modern Psychology and who’d encouraged her to author it), Ms. Jones therein described her psychic abilities and subsequent expansion into spiritualism. Her developing interest in mysticism led her to be among those at the forefront of the spiritualist movement that, for a period of time before and after the Civil War, captured the imagination of millions. In her poetry book (Poems, 1854–1906), she detailed a family incident leading to what could be considered as a miracle.
Hope Bradford (The Healing Power of Dreams: The Science of Dream Analysis and Journaling for Your Best Life! (A Wealth of Dreams Interpreted))
In the absence of expert [senior military] advice, we have seen each successive administration fail in the business of strategy - yielding a United States twice as rich as the Soviet Union but much less strong. Only the manner of the failure has changed. In the 1960s, under Robert S. McNamara, we witnessed the wholesale substitution of civilian mathematical analysis for military expertise. The new breed of the "systems analysts" introduced new standards of intellectual discipline and greatly improved bookkeeping methods, but also a trained incapacity to understand the most important aspects of military power, which happens to be nonmeasurable. Because morale is nonmeasurable it was ignored, in large and small ways, with disastrous effects. We have seen how the pursuit of business-type efficiency in the placement of each soldier destroys the cohesion that makes fighting units effective; we may recall how the Pueblo was left virtually disarmed when it encountered the North Koreans (strong armament was judged as not "cost effective" for ships of that kind). Because tactics, the operational art of war, and strategy itself are not reducible to precise numbers, money was allocated to forces and single weapons according to "firepower" scores, computer simulations, and mathematical studies - all of which maximize efficiency - but often at the expense of combat effectiveness. An even greater defect of the McNamara approach to military decisions was its businesslike "linear" logic, which is right for commerce or engineering but almost always fails in the realm of strategy. Because its essence is the clash of antagonistic and outmaneuvering wills, strategy usually proceeds by paradox rather than conventional "linear" logic. That much is clear even from the most shopworn of Latin tags: si vis pacem, para bellum (if you want peace, prepare for war), whose business equivalent would be orders of "if you want sales, add to your purchasing staff," or some other, equally absurd advice. Where paradox rules, straightforward linear logic is self-defeating, sometimes quite literally. Let a general choose the best path for his advance, the shortest and best-roaded, and it then becomes the worst path of all paths, because the enemy will await him there in greatest strength... Linear logic is all very well in commerce and engineering, where there is lively opposition, to be sure, but no open-ended scope for maneuver; a competitor beaten in the marketplace will not bomb our factory instead, and the river duly bridged will not deliberately carve out a new course. But such reactions are merely normal in strategy. Military men are not trained in paradoxical thinking, but they do no have to be. Unlike the business-school expert, who searches for optimal solutions in the abstract and then presents them will all the authority of charts and computer printouts, even the most ordinary military mind can recall the existence of a maneuvering antagonists now and then, and will therefore seek robust solutions rather than "best" solutions - those, in other words, which are not optimal but can remain adequate even when the enemy reacts to outmaneuver the first approach.
Edward N. Luttwak
The efficient or motive principle, which is not merely the analysis but the production of the several elements of the universal, I call dialectic. Dialectic is not that process in which an object or proposition, presented, to feeling or the direct consciousness, is analysed, entangled, taken hither and thither, until at last its contrary is derived. Such a merely negative method appears frequently in Plato. It may fix the opposite of any notion, or reveal the contradiction contained in it, as did the ancient scepticism, or it may in a feeble way consider an approximation to truth, or modern half-and-half attainment of it, as its goal. But the higher dialectic of the conception does not merely apprehend any phase as a limit and opposite, but produces out of this negative a positive content and result. Only by such a course is there development and inherent progress. Hence this dialectic is not the external agency of subjective thinking, but the private soul of the content, which unfolds its branches and fruit organically. Thought regards this development of the idea and of the peculiar activity of the reason of the idea as only subjective, but is on its side unable to make any addition. To consider anything rationally is not to bring reason to it from the outside, and work it up in this way, but to count it as itself reasonable. Here it is spirit in its freedom, the summit of selfconscious reason, which gives itself actuality, and produces itself as the existing world. The business of science is simply to bring the specific work of the reason, which is in the thing, to consciousness
Georg Wilhelm Friedrich Hegel
We define a bargain issue as one which, on the basis of facts established by analysis, appears to be worth considerably more than it is selling for. The genus includes bonds and preferred stocks selling well under par, as well as common stocks. To be as concrete as possible, let us suggest that an issue is not a true “bargain” unless the indicated value is at least 50% more than the price. What kind of facts would warrant the conclusion that so great a discrepancy exists? How do bargains come into existence, and how does the investor profit from them? There are two tests by which a bargain common stock is detected. The first is by the method of appraisal. This relies largely on estimating future earnings and then multiplying these by a factor appropriate to the particular issue. If the resultant value is sufficiently above the market price—and if the investor has confidence in the technique employed—he can tag the stock as a bargain. The second test is the value of the business to a private owner. This value also is often determined chiefly by expected future earnings—in which case the result may be identical with the first. But in the second test more attention is likely to be paid to the realizable value of the assets, with particular emphasis on the net current assets or working capital. At low points in the general market a large proportion of common stocks are bargain issues, as measured by these standards. (A typical example was General Motors when it sold at less than 30 in 1941, equivalent to only 5 for the 1971 shares. It had been earning in excess of $4 and paying $3.50, or more, in dividends.) It is true that current earnings and the immediate prospects may both be poor, but a levelheaded appraisal of average future conditions would indicate values far above ruling prices. Thus the wisdom of having courage in depressed markets is vindicated not only by the voice of experience but also by application of plausible techniques of value analysis.
Benjamin Graham (The Intelligent Investor)
the scientific rulers will provide one kind of education for ordinary men and women, and another for those who are to become holders of scientific power. Ordinary men and women will be expected to be docile, industrious, punctual, thoughtless, and contented. Of these qualities, probably contentment will be considered the most important. In order to produce it, all the researches of psycho-analysis, behaviourism, and biochemistry will be brought into play…. All the boys and girls will learn from an early age to be what is called “co-operative”, i.e., to do exactly what everybody is doing. Initiative will be discouraged in these children, and insubordination, without being punished, will be scientifically trained out of them…. Except for the one matter of loyalty to the world State and to their own order, members of the governing class will be encouraged to be adventurous and full of initiative. It will be recognized that it is their business to improve scientific technique, and to keep the manual workers contented by means of continual new amusements…. In normal cases, children of sufficient heredity will be admitted to the governing class from the moment of conception. I start with this moment rather than birth since it is from this moment and not merely the moment of birth that the treatment of the two classes will be different. If, however, by the time the child reaches the age of three it is fairly clear that he does not attain the required standard, he will be degraded at that point. [T]here would be a very strong tendency for the governing classes to become hereditary, and that after a few generations not many children would be moved from either class into the other. This is especially likely to be the case if embryological methods of improving the breed are applied to the governing class, but not to the others. In this way the gulf between the two classes as regards native intelligence will become continually wider and wider…. Assuming that both kinds of breeding are scientifically carried out, there will come to be an increasing divergence between the two types, making them in the end almost different species. (pp. 181–188, emphasis added)
Jasun Horsley (The Vice of Kings: How Socialism, Occultism, and the Sexual Revolution Engineered a Culture of Abuse)
Absorbingly articulate and infinitely intelligent . . . There is nothing pop about Kahneman's psychology, no formulaic story arc, no beating you over the head with an artificial, buzzword -encrusted Big Idea. It's just the wisdom that comes from five decades of honest, rigorous scientific work, delivered humbly yet brilliantly, in a way that will forever change the way you think about thinking:' -MARIA POPOVA, The Atlantic "Kahneman's primer adds to recent challenges to economic orthodoxies about rational actors and efficient markets; more than that, it's a lucid, mar- velously readable guide to spotting-and correcting-our biased misunder- standings of the world:' -Publishers Weekly (starred review) "The ramifications of Kahneman's work are wide, extending into education, business, marketing, politics ... and even happiness research. Call his field 'psychonomics: the hidden reasoning behind our choices. Thinking, Fast and Slow is essential reading for anyone with a mind:' -KYLE SMITH,NewYorkPost "A stellar accomplishment, a book for everyone who likes to think and wants to do it better." - E. JAMES LIEBERMAN ,Libraryfournal "Daniel Kahneman demonstrates forcefully in his new book, Thinking, Fast and Slow, how easy it is for humans to swerve away from rationality:' -CHRISTOPHER SHEA , The Washington Post "A tour de force .. . Kahneman's book is a must-read for anyone interested in either human behavior or investing. He clearly shows that while we like to think of ourselves as rational in our decision making, the truth is we are subject to many biases. At least being aware of them will give you a better chance of avoiding them, or at least making fewer of them:' -LARRY SWEDROE, CBS News "Brilliant .. . It is impossible to exaggerate the importance of Daniel Kahne- man's contribution to the understanding of the way we think and choose. He stands among the giants, a weaver of the threads of Charles Darwin, Adam Smith and Sigmund Freud. Arguably the most important psycholo- gist in history, Kahneman has reshaped cognitive psychology, the analysis of rationality and reason, the understanding of risk and the study of hap pi- ness and well-being ... A magisterial work, stunning in its ambition, infused
Daniel Kahneman
I’d met Madison, as I’ve already mentioned, two months earlier, in Budapest. I’d been at a conference. She’d been there with some girlfriends. We’d got talking in the hotel bar. An anthropologist, she’d said; that’s … exotic. Not at all, I’d replied; I work for an incorporated business, in a basement. Yes, she said, but … But what? I asked. Dances, and masks, and feathers, she eventually responded: that’s the essence of your work, isn’t it? I mean, even if you’re writing a report on workplace etiquette, or how to motivate employees or whatever, you’re seeing it all through a lens of rituals, and rites, and stuff. It must make the everyday all primitive and strange—no? I saw what she was getting at; but she was wrong. For anthropologists, even the exotic’s not exotic, let alone the everyday. In his key volume Tristes Tropiques, Claude Lévi-Strauss, the twentieth century’s most brilliant ethnographer, describes pacing the streets, all draped with new electric cable, of Lahore’s Old Town sometime in the nineteen-fifties, trying to piece together, long after the event, a vanished purity—of local colour, texture, custom, life in general—from nothing but leftovers and debris. He goes on to describe being struck by the same impression when he lived among the Amazonian Nambikwara tribe: the sense of having come “too late”—although he knows, from having read a previous account of life among the Nambikwara, that the anthropologist (that account’s author) who came here fifty years earlier, before the rubber-traders and the telegraph, was struck by that impression also; and knows as well that the anthropologist who, inspired by the account that Lévi-Strauss will himself write of this trip, shall come back in fifty more will be struck by it too, and wish—if only!—that he could have been here fifty years ago (that is, now, or, rather, then) to see what he, Lévi-Strauss, saw, or failed to see. This leads him to identify a “double-bind” to which all anthropologists, and anthropology itself, are, by their very nature, prey: the “purity” they crave is no more than a state in which all frames of comprehension, of interpretation and analysis, are lacking; once these are brought to bear, the mystery that drew the anthropologist towards his subject in the first place vanishes. I explained this to her; and she seemed, despite the fact that she was drunk, to understand what I was saying. Wow, she murmured; that’s kind of fucked. 2.8 When I arrived at Madison’s, we had sex. Afterwards,
Tom McCarthy (Satin Island)
Companies should utilize the CSIPP™ framework whenever they face crises. The 12 elements of CSIPP™, or Crisis Solution Internal Philosophy and Practice, include: 1. Immunity (Immune Systems): Organizations, akin to living organisms, possess inherent vulnerabilities. The CSIPP™ framework advocates for the establishment of proactive and self-regulating systems within an organization which autonomously identify, respond to, and mitigate threats, thereby enhancing the organization's resilience and adaptability. 2. Surveillance: Organizations need to cultivate a culture of informed awareness. This entails the implementation of judicious surveillance mechanisms to gather both internal and external intelligence. Such insights empower organizations to preemptively identify potential risks and opportunities, enabling more agile and effective decision-making. Data serves as the lifeblood of CSIPP™. It is imperative that organizations prioritize the collection, analysis, and interpretation of relevant data. This data-driven approach facilitates evidence-based decision-making, informed risk assessments, and the optimization of crisis response strategies. 3. Decisiveness: Decisiveness is particularly important during times of crisis. Leaders must be able to gather and synthesize the data, and make quick and definite decisions to move the organization forward. 4. Capital Reserves/Liquidity: Financial preparedness is a cornerstone of crisis management. Organizations must maintain adequate reserves of liquid capital to navigate unforeseen challenges. Moreover, they should proactively identify internal assets, both tangible and intangible, that can be readily redeployed in times of crisis. 5. Communication: Effective communication is pivotal during a crisis. Organizations should establish a comprehensive communication plan encompassing all stakeholders - employees, customers, investors, and the community at large. This plan should ensure timely, transparent, and accurate information dissemination, fostering trust and mitigating the spread of misinformation. 6. Response: The ability to respond swiftly and decisively is critical in crisis situations. Organizations must develop well-defined response protocols that outline roles, responsibilities, and escalation procedures. Regular drills and simulations can enhance preparedness and ensure a coordinated response. 7. Risk Evaluation: A continuous process of risk evaluation and assessment is essential. Organizations need to proactively identify, analyze, and prioritize potential risks based on their likelihood and potential impact. This enables the development of targeted mitigation strategies and contingency plans. 8. Leadership: Strong and decisive leadership is indispensable during a crisis. Leaders must be able to make difficult decisions under pressure, communicate effectively, and inspire confidence in their teams. A clear chain of command and delegation of authority are vital for effective crisis management. 9. Readiness (Drills/Training): All individuals likely to be involved in crisis response should receive comprehensive training and participate in regular drills. This ensures that they are familiar with their roles, responsibilities, and the organization's crisis management protocols. 10. Post-Crisis Analysis: Following a crisis, it is crucial to conduct a thorough post-mortem analysis. This involves evaluating the organization's response, identifying lessons learned, and implementing corrective actions to improve future crisis management efforts. 11. Nuanced Adjustment: Crisis management is not a one-size-fits-all endeavor. Organizations need to be adaptable and flexible, adjusting their strategies and tactics as the situation evolves. 12. Protocol: Clear and well-defined protocols are the backbone of effective crisis management. Organizations should establish a set of standard operating procedures (SOPs) that outline the steps to be taken in various crisis scenarios.
Hendrith Vanlon Smith Jr.
Quality is not tested, but built.
Koray Yitmen (Business Analysis, Software Testing, Usability : A Quick Guide Book for Better Project Management and Faster IT Career)
In fact, regression analysis demonstrates that the number one determinant of deal multiples is the growth rate of the business.
Andrew J. Sherman (Mergers and Acquisitions from A to Z)
Always give more weight to peer-reviewed research than to results announced solely in the media.
Jonathan G. Koomey (Turning Numbers into Knowledge: Mastering the Art of Problem Solving)
Instead of limiting your imagination by current circumstances and constraints, imagine a world in which some key constraints don't exist, and ask yourself how you or your institution might respond.
Jonathan G. Koomey (Turning Numbers into Knowledge: Mastering the Art of Problem Solving)
● Developing your first-ever leadership strategy and don't know where to start? ● Are you stuck with a particular phase of leadership strategy? ● Having a tough time achieving corporational milestones with your robust strategy? If you're facing these questions and confused regarding canvassing a robust leadership strategy, this article can help you solve these queries. Several factors affect the development of a leadership strategy, such as the influence of decision-making processes for leadership/management, the personnel brought on board for strategy development and the resources involved. There are specific "keys" to effective leadership that help in efficient development and deployment of strategies. Professionals who want to develop robust strategies and move up in their leadership career can opt for online strategy courses. These courses aim to build concepts from the grass-root level, such as what defines a strategy leadership and others. What is a Leadership Strategy? Leadership is required for leading organisational growth by optimising the resources and making the company's procedures more efficient. A leadership strategy explicitly enlists the number of leaders required, the tasks they need to perform, the number of employees, team members and other stakeholders required, and the deadlines for achieving each task. Young leaders who have recently joined the work-force can take help of programs offered by reputable institutes for deepening their knowledge about leadership and convocating successful strategies. Various XLRI leadership and management courses aim to equip new leaders with a guided step-by-step pedagogy to canvass robust leadership strategies. What it Takes to Build a Robust Leadership Strategy: Guided Step-By-Step Pedagogy The following steps go into developing an effective and thriving leadership strategy:- ● Step 1 = Identify Key Business Drivers The first step involves meeting with the senior leaders and executives and identifying the business's critical drivers. Determining business carriers is essential for influencing the outcome of strategies. ● Step 2 = Identifying the Different Leadership Phases Required This step revolves around determining the various leadership processes and phases. Choosing the right techniques from hiring and selection, succession planning, training patterns and others is key for putting together a robust strategy. ● Step 3 = Perform Analysis and Research Researching about the company's different leadership strategies and analysing them with the past and present plans is vital for implementing future strategies. ● Step 4 = Reviewing and Updating Leadership Strategic Plan Fourth step includes reviewing and updating the strategic plan in accordance with recent developments and requirements. Furthermore, performing an environmental scan to analyse the practices that can make strategies long-lasting and render a competitive advantage. All it Takes for Building a Robust Leadership Strategy The above-mentioned step by step approach helps in auguring a leadership strategy model that is sustainable and helps businesses maximise their profits. Therefore, upcoming leaders need to understand the core concepts of strategic leadership through online strategy courses. Moreover, receiving sound knowledge about developing strategies from XLRI leadership and management courses can help aspiring leaders in their careers.
Talentedge
The ratio of time, effort and money spent on selling as opposed to other aspects of business should be 80/20, with 80% of it going toward revenue-producing activities and only 20% towards all the other management activities in your business. Or, if you have a team in place, you should apply this 80/20 analysis again, and only be focussed on your 4% of activities that move the money needle.
Sabri Suby (SELL LIKE CRAZY: How to Get As Many Clients, Customers and Sales As You Can Possibly Handle)
TRIRID Provides SEO Services Search Engine Optimization SEO stands for search engine optimization. Search engine optimization is a methodology of strategies, techniques and tactics used to increase the amount of visitors to a website by obtaining a high-ranking placement in the search results page of a search engine (SERP) — including Google, Bing, Yahoo and other search engines. Now-a-days Internet is an important to business because it’s a powerful marketing and communicating tool.The Internet has revolutionized the way the world does business on both a local and global level. SEO helps you to get traffic to your website through internet. Tririd provides Search Engine Optimization service into the all over the world. Our service includes Web Designing (HTML, Word press, .Net, Android), On Page Optimization, Off Page Optimization, Keyword Analysis, Back links, Link Submission to Google, Yahoo, Bing etc. We can help you to get traffic to your web site and also to ranking in 1st page. To Learn More Search Engine Optimization service In Ahmedabad Contact Us: Call now 8980010210
ellen crichton
Look at stocks as part ownership of a business. 2. Look at Mr. Market—volatile stock price fluctuations—as your friend rather than your enemy. View risk as the possibility of permanent loss of purchasing power, and uncertainty as the unpredictability regarding the degree of variability in the possible range of outcomes. 3. Remember the three most important words in investing: “margin of safety.” 4. Evaluate any news item or event only in terms of its impact on (a) future interest rates and (b) the intrinsic value of the business, which is the discounted value of the cash that can be taken out during its remaining life, adjusted for the uncertainty around receiving those cash flows. 5. Think in terms of opportunity costs when evaluating new ideas and keep a very high hurdle rate for incoming investments. Be unreasonable. When you look at a business and get a strong desire from within saying, “I wish I owned this business,” that is the kind of business in which you should be investing. A great investment idea doesn’t need hours to analyze. More often than not, it is love at first sight. 6. Think probabilistically rather than deterministically, because the future is never certain and it is really a set of branching probability streams. At the same time, avoid the risk of ruin, when making decisions, by focusing on consequences rather than just on raw probabilities in isolation. Some risks are just not worth taking, whatever the potential upside may be. 7. Never underestimate the power of incentives in any given situation. 8. When making decisions, involve both the left side of your brain (logic, analysis, and math) and the right side (intuition, creativity, and emotions). 9. Engage in visual thinking, which helps us to better understand complex information, organize our thoughts, and improve our ability to think and communicate. 10. Invert, always invert. You can avoid a lot of pain by visualizing your life after you have lost a lot of money trading or speculating using derivatives or leverage. If the visuals unnerve you, don’t do anything that could get you remotely close to reaching such a situation. 11. Vicariously learn from others throughout life. Embrace everlasting humility to succeed in this endeavor. 12. Embrace the power of long-term compounding. All the great things in life come from compound interest.
Gautam Baid (The Joys of Compounding: The Passionate Pursuit of Lifelong Learning, Revised and Updated (Heilbrunn Center for Graham & Dodd Investing Series))
Meet Brian Hynes, a skilled Sr Process Manager based in Nashua, NH. He is a specialist in economics and finance, with a deep understanding of market dynamics and financial analysis. Brian's chosen career path in finance stems from his interest in leveraging economic principles to make informed investment decisions. His goal is to build a successful career in the finance industry, utilizing his expertise to optimize financial strategies and drive business growth.
Brian Hynes Nashua NH
Email marketing services are integral to digital marketing strategies, involving the use of targeted email campaigns to engage and communicate with a specific audience. These services facilitate the creation, distribution, and analysis of email campaigns, allowing businesses to reach their audience with personalized and relevant content.
comstat solutions
In the final analysis, nothing is ever "none of my business".
John Gardner - Torts and Other Wrongs
In the final analysis, nothing is ever 'none of my business'.
John Gardner: Tort and Other Wrongs
For organizational behavior expert Charles Handy, the S-curve is the essential form of how businesses, social organizations and political systems develop over time, “it is the line of all things human.”7 Tech analyst Paul Saffo advises to “look for the S-curve,” noting that the uptake of new technologies—from personal robots to driverless cars—is destined to follow its shape.8 Scholars have used the sigmoid curve to describe the rise and fall of ancient civilizations like the Roman Empire, but also to predict modern-day shifts, such as the decline of the United States as a global superpower.9 In the field of systems thinking, the authors of the Club of Rome’s 1972 report The Limits to Growth put the S-curve at the heart of their analysis.10 More recently, economist Kate Raworth has shown that mainstream economics assumes that GDP growth follows an “exponential curve left hanging in mid-air,” when the reality is that it is far more likely to level off into the shape of the S-curve.
Roman Krznaric (The Good Ancestor: A Radical Prescription for Long-Term Thinking)
Understanding and tracking 10 most crucial google analytics metrics Google Analytics proves to be an invaluable asset for businesses of varying sizes, offering comprehensive analysis capabilities. It empowers users to gain insights into their content, websites, and incoming traffic, thereby aiding in the enhancement of overall strategy and campaign planning. It is imperative to familiarize oneself with Google Analytics before engaging in practical application. Obtaining a Google Analytics certification serves as an excellent introductory step, and it is worth noting that this certification is available for free. By incorporating Google Analytics into your digital marketing toolkit, you can significantly bolster your online marketing endeavors. For more information on analytics metrics, Google Analytics certification, and measurement, please refer to the accompanying blog.
comstat
with everything you need to know about the ins and outs of data mining. This book has been laid out in straightforward and clear chapters with each chapter focusing on a particular part of data science for business to be able to ensure that you gain the maximum amount to knowledge without having to weed through unnecessary information. I hope this book answers any question you have and leaves you feeling confident on the subject of data science, data analytics and business intelligence. Chapter 1 Wholeness of Data Analytics There is a lot of data that comes rushing towards an organization of any type and sometimes it can be hard to decipher just what it means to the team and how they can use it to benefit them. This is where data analytics is the more helpful. The data is analyzed through a process of inspecting, cleaning, transforming and modeling that makes the information easier to look at and read. By narrowing down the amount of information, an organization is looking at they are going to be better able to utilize the relevant information and use the conclusions the data suggests to make decisions that are most likely to bring rewards. Although data analytics are most frequently used in business to consumer applications, there are many different facets of the data analysis. Some of the most common places data analytics are utilized in the worlds of business, science, and social science, in a variety of ways. Regardless of the type of organization, you are involved with, and even in your personal life, there are ways to make data analysis work for you. An example of where data analytics would be used in regards to a social networking site. A social networking website collects the information which relates to user preferences as well as the community interested and can segment according to the criteria that have been specified
George Letton (Data Analytics. Fast Overview.)
Machine learning modeling and testing on sample data and going through the business user acceptance test can surprise you! And it will definitely make you to rethink on your feature selection and data sampling methods.
Dr Shitalkumar R. Sukhdeve (Step up for Leadership in Enterprise Data Science & Artificial Intelligence with Big Data : Illustrations with R & Python)
I was in charge of decisions and marketing, and Sean was in charge of research and operations. When we were trying to identify our target customer, he spent a ton of time putting together spreadsheets comparing all the different markets we should consider. When he showed them to me and asked me what I thought, I replied, “Yoga.” Huh? “We could easily do multiple products serving people who do yoga,” I told him. “It’s an emerging trend. And I know a ton of those people; I can ask them what they want. Let’s start a yoga business.” Sean’s initial response was, “That’s not a quantitative analysis, Ryan!” I’ve never been one to overthink things—most people spend way too much time in the research period. I make decisions fast and adjust later. With our target customer identified, we made a list of possible products and chose our gateway product—a yoga mat. With that, we began the process of product development. We looked up the top-selling yoga mats on Amazon and read through the reviews; we asked questions on Facebook groups, subreddits, and Instagram influencer accounts. It didn’t take long before we had an idea of the main pain points we needed to address with our first product. I remembered Don’s advice and began looking for people to make the product. With a quick scroll and a click, we could choose between a wholesaler in China, a private label supplier out of India, or a contract manufacturer in Vietnam. For about fifty bucks, we were able to order a set of yoga mat samples that had the exact features we were looking for. It was that easy. Samples in hand, we needed to refine our product idea to make sure we were really hitting the pain points we’d identified. At that time, I’d done yoga maybe two or three times in my life, and I wasn’t nearly the right demographic for our mats anyway. That forced me to ask questions. We were targeting yoga-loving millennials, so I went where they often congregate: Starbucks. There, I did the kind of tough field work that really makes an entrepreneur sweat: asking young women questions over coffee. “Which yoga mat do you prefer? Why?” “What makes the difference between a bad yoga mat and a good one?” “What’s wrong with your current yoga mat?” “What do you think of this one? And what about this one?” Next, I headed over to local yoga studios to see how our samples stacked up against the strenuous demands of a yoga class. A few classes later, Sean and I had everything we needed to narrow down our product development. Armed with all our data, we went back to the manufacturers. From a couple yoga-clueless guys, we’d become knowledgeable enough to know not just what a good yoga mat looked like, but how it had to feel and perform. We knew what we needed our yoga mat to do. Now we just had to find the manufacturer to supply it.
Ryan Daniel Moran (12 Months to $1 Million: How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur)
For the growth hypothesis, which tests how new customers will discover a product or service, we can do a similar analysis.
Eric Ries (The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses)
Here’s how to use Five Whys analysis to build an adaptive organization: consistently make a proportional investment at each of the five levels of the hierarchy. In other words, the investment should be smaller when the symptom is minor and larger when the symptom is more painful.
Eric Ries (The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses)