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From what I can gather making good management decisions is a lot like making a good estimate for a software project. There are two ways to go about it: (A) do a
by Joeri 9y ago
From what I can gather making good management decisions is a lot like making a good estimate for a software project. There are two ways to go about it: (A) do a lot of work to break down the problem to manageable parts, put a well-reasoned number on each part, then sum up the parts with the necessary tolerances and risk factors, or (B) just go with your gut.
I see a lot of (B). Hilarity ensues.
- deepsun 9y agoSpeed is very important in business. How much time would it take to estimate how much time it would take to analyze and estimate the management decision in question?
- kinkrtyavimoodh 9y agoWhat is gut if not an accumulation of experiences? If an engineering-manager-with-10-years-experience's gut produces the same accuracy as a fresh grad's, then it's not of much use, and there's a good chance that the manager would generate a bad estimate even following (A). That's not to say that people shouldn't analyze. Just saying that gut is not random guesswork.
- mcguire 9y agoMostly, it's answering a simpler question than was asked. See Thinking, Fast and Slow.
- abhiyerra 9y agoI feel like 80/20 Rule works here. Describe the why, what, and 20% of the how that answers 80% of how to do what. The other 80% that answers the last 20% should rest on employee. That way you are not micromanaging and give way too human creativity.
- mcguire 9y ago"There are two ways to make decisions. One is bad, the other is worse. No one knows which is which."