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This is not what the data shows https://www.google.com/search?q=data+driven+companies+more+profitable&oq=data+driven+companies+more+profitable&aqs=chrome..69i5
by oxfordmale 4y ago
This is not what the data shows
https://www.google.com/search?q=data+driven+companies+more+profitable&oq=data+driven+companies+more+profitable&aqs=chrome..69i57j0i546j0i30i546j0i546l3.4938j0j7&sourceid=chrome&ie=UTF-8 https://www.google.com/search?q=data+driven+companies+more+p...
Any good-argument-driven based argument you attempt to make is almost always based on political motivating factors, rather on what is good for the business.
Intuition driven decisions work when the market is behaving normally, however, are generally too slow in a fast changing market like we have been since the start of COVID.
- tdehnel 4y ago> Any good-argument-driven based argument you attempt to make is almost always based on political motivating factors If this is true in the case of a specific theory, then that is not a good theory.
- oxfordmale 4y agoI was mostly referring to business decisions. For that type of decisions there are always political factors at play (building empires, career growth, dislike for another person/team) that do not necessarily align with business success. Lehman Brothers is one of those examples.
- tdehnel 4y agoYou’re actually proving my point. Those so-called successful business decisions never turn out to be true enough to work long term. Like all knowledge, they are eventually shown to be false.
- oxfordmale 4y agoData driven companies, like Amazon, tend to do better, on average than other companies. However, this doesn't mean they are immune to mistakes. At some point in time Amazon wil fall in decline and disappear, however, that doesn't imply that being data driven was a bad decision.