Produktbild: Decisions Over Decimals

Decisions Over Decimals Striking the Balance between Intuition and Information

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Beschreibung

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

04.10.2022

Verlag

John Wiley & Sons Inc

Seitenzahl

256

Maße (L/B/H)

23,1/15,8/2,3 cm

Gewicht

570 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-119-89848-1

Beschreibung

Rezension

PRAISE FOR Decisions Over Decimals
 
"One danger of 'big data' is giving managers a sense of impunity over outcomes. No decision is perfect. No amount of data is predictive. The authors--quantitative experts at some of the world's most admired companies--argue that information is no replacement for intuition. And they provide a framework of agile decision-making in today's hyper-fast, swollen market."
--JOHN GERZEMA, CEO, The Harris Poll, New York Times Bestselling Author, The Athena Doctrine: How Women (And The Men Who Think Like Them) Will Rule The Future
 
"In the spirit of lateral thinking, this is a modern framework for balancing data, experience, and creativity to make smart, timely decisions. The authors' concept of quantitative intuition, couldn't be more relevant for all levels and teams--understand the data, stop endless debate, apply judgment, take action."
--JEFF HANSEN, GM, Strategic Partnerships, Microsoft
 
"Using years of research and industry experience, the authors show how combining data and intuition, what they call 'quantitative intuition, ' can lead to smarter decisions. Decisions Over Decimals is a compelling book that should be on the reading list of every executive."
--SUNIL GUPTA, Professor, Harvard Business School
 
"Want to make better data-driven decisions? Then you need to read this book. Decisions Over Decimals provides tools and frameworks to combine intuition, data, and business acumen to achieve better results."
--JONAH BERGER, Professor, Wharton School, University of Pennsylvania, New York Times and Wall Street Journal Bestselling Author, Contagious, Invisible Influence, and The Catalyst
 
"Most books that encourage data-driven thinking throw piles of data at the reader. Frank, Magnone, and Netzer do something far more valuable: they teach how to make sense of all this data. After finishing this book, you won't just know new facts that might help you in a particular decision. You will have a new approach to make any decision."
--SETH STEPHENS-DAVIDOWITZ, New York Times op-ed contributor, New York Times Bestselling Author, Everybody Lies, and Don't Trust Your Gut
 
"Competitive advantage today is determined by whether an organization can make fast decisions but also high-quality ones. In this delightfully straightforward book, the authors take you on a journey to 'see' beyond the numbers, to move forward with imperfect information, and achieve desirable outcomes."
--RITA MCGRATH, Author of Seeing Around Corners, Professor, Columbia Business School
 
"The authors have developed an innovative, practical framework for decision making that is based on a synthesis of data analytics and experience-based intuition. Their approach is broadly applicable across industries, including health care."
--ELLIS M. ARJMAND, Surgeon-in-Chief, Children's Hospital New Orleans
 
"The ambitious premise that human judgment in decision-making can be codified, taught, and honed is proven in Decisions Over Decimals. The authors articulate a process that right-sizes the Goldilocks compromise between data paralysis and gut feel - and do this credibly through their collective experience from companies ranging from startups to the most data-rich organizations."
--BRANT CRUZ, Vice President, Platforms and Audiences Practice Leader, Chadwick Martin Bailey
 
"The most important decisions are often the most uncertain and often on the razor's edge. Frank, Magnone, and Netzer masterfully provide a framework to make better decisions faster in a way that can be explained to your stakeholders."
--ALEX SHARPE, Sharpe Management Consulting LLC
 
"Frank, Magnone, and Netzer have created a framework that systematically challenges human cognitive biases, providing a methodical approach that allows decision makers to see meaningful patterns in a chaos of data. This book is a foundational guide to any executive on how to leverage the power of your System 1 intuition to make meaningful data driven business decisions at speed."
--TODD TRAUTZ, Chief Innovation and Solutions Officer, Maru, author of Feel, Behave, Think . The Pathway to Human Decision Making
 
"High-stakes decision making boils down to seeking truth and getting things 'approximately right'. Several quantitative-only methods run the risk of getting it 'precisely wrong' while offering a false sense of security. Techniques described in Decisions Over Decimals lead you to the truth and improve the odds of getting to balanced business decisions."
--ASIF HASAN, Co-Founder, Quantiphi, Inc
 
"Decisions over Decimals is an excellent reminder that as we navigate vast seas of information, we must bring our intuition along on the journey. This book is a must read for any insights and analytic professionals that want to enhance their ability to impact and influence decisions to drive action."
--THOMAS WALKER, Senior Director, Global Consumer Insights
 
"The ability to make fast, yet informed decisions in a world where data is replicating so quickly is becoming an imperative skill-set for executives. The authors approach for Quantitative Intuition is a great balance of data and insights with experience. Readers will greatly benefit from learning this balance and using it to make better decisions (and actions)."
--TRACI GUSHER, Data, Analytics and AI Management Consultant

Produktdetails

Einband

Gebundene Ausgabe

Erscheinungsdatum

04.10.2022

Verlag

John Wiley & Sons Inc

Seitenzahl

256

Maße (L/B/H)

23,1/15,8/2,3 cm

Gewicht

570 g

Auflage

1. Auflage

Sprache

Englisch

ISBN

978-1-119-89848-1

Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: gpsr@libri.de

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Die Leseprobe wird geladen.
  • Produktbild: Decisions Over Decimals
  • Foreword xi
     
    Preface xiii
     
    Prologue: The Certainty Myth xix
     
    Quantitative Intuition (QI)(TM) xx
     
    Why Quantitative Intuition(TM) xxviii
     
    Biases from Working Intuitively xxxiii
     
    Biases from Working with Data xxxvi
     
    Chapter 1 Asking Powerful Questions 1
     
    Road to Powerful Questioning 3
     
    Precision Questioning 3
     
    The Power of Precision Questions 5
     
    Building an Inquisitive Team 6
     
    The Smartest Person in the Room 10
     
    Key Learnings - Chapter 1 13
     
    Chapter 2 Framing the Problem 15
     
    IWIK(TM): A Tool for Reasoning 17
     
    The IWIK(TM) Process 18
     
    Framing the Decision 30
     
    Key Learnings - Chapter 2 31
     
    Chapter 3 Working Backward to Move Forward 33
     
    Defining the Problem 35
     
    Harnessing Inside of- the- Box Thinking 42
     
    Taking the Road Less Traveled 45
     
    Key Learnings - Chapter 3 48
     
    Chapter 4 Learning to Become a Fierce Data Interrogator 49
     
    Assessing the Data and Its Reliability 51
     
    Putting the Data in Context 64
     
    Pressure Testing Your Analysis 66
     
    Key Learnings - Chapter 4 71
     
    Chapter 5 Developing Intuition for Numbers 73
     
    The Power of Approximations 74
     
    Learning to Approximate 76
     
    Approximating in Practice 78
     
    Why Guesstimation Works 80
     
    Getting Comfortable with Approximations 82
     
    Guesstimation in the QI Framework 86
     
    Key Learnings - Chapter 5 86
     
    Chapter 6 From Analysis to Synthesis 89
     
    The Value of Synthesis 90
     
    Make Your Bottom Line Your Top Line 93
     
    The Lack of Synthesis 95
     
    Encouraging Synthesis 97
     
    "What?", "So What?", and "Now What?" 99
     
    Key Learnings - Chapter 6 100
     
    Chapter 7 the Decision Moment 101
     
    Dimensions of the Decision Moment 102
     
    The First Two Dimensions: Time and Risk 103
     
    The Third Dimension: Trust 106
     
    Measuring Time, Risk, and Trust 108
     
    Decision Reversibility 115
     
    Navigating Ambiguity 118
     
    From IWIKs(TM) to Decisions 121
     
    Key Learnings - Chapter 7 123
     
    Chapter 8 Delivering the Decision 125
     
    The Story Arc in Decision- Making 126
     
    Tuning the Narrative 128
     
    Inform versus Compel 139
     
    Key Learnings - Chapter 8 141
     
    Chapter 9 Chasing the Decision 143
     
    Strategy 1: Create the Case for the Decision 146
     
    Strategy 2: Frame the Outcome 150
     
    Strategy 3: Classify the Type of Decision 153
     
    Strategy 4: Reduce the Scope of the Decision 154
     
    Strategy 5: Right Size the Decision 156
     
    Strategy 6: Pressure Test the Decision--Go to the Extremes 159
     
    Strategy 7: Seek Consent Not Consensus 163
     
    The Perfect Decsion Is an Illusion 164
     
    Key Learnings - Chapter 9 165
     
    Chapter 10 Creating a Quantitative Intuition(TM) Culture 167
     
    Recruiting for the Quantitative Intuition(TM) Skill Set 169
     
    Building a Quantitative Intuition(TM) Team 175
     
    Cultivating a Quantitative Intuition(TM) Organization 181
     
    Key Learnings - Chapter 10 183
     
    Chapter 11 The Future of Data- Driven Decision- Making 185
     
    Automation and Human Judgement 186
     
    Predictions and the Digital Twin 190
     
    Probabilistic versus Deterministic Thinking 193
     
    Found Time for More Decisions 196
     
    Epilogue 199
     
    Acknowledgments 203
     
    Index 207