Most often when faced with a decision, we want to gather as much data as possible in order to reach the best conclusions in our decision-making process. This much is perhaps rather obvious. But what do we do when there is missing data? It will then be tempting to discount whatever is missing as simply unavailable for the decision-making process, but perhaps we should be asking why the data is missing, and what we can learn from that fact.
I enjoyed a recent post on Wally Bock’s Three Star Leadership Blog about innovation â€” Wally contends that ideas are easy, but innovation requires work. He quotes Robert Tucker, who said: “Anyone who has ever taken a shower has had a good idea.” He may be right… I had a great idea in the shower today too… and a good strategic one at that. The ground he covers from there is to illustrate how some ideas die on the table, and others get killed.