Basing Decisions on Missing Information

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.

The Ingredients of Innovation

I enjoyed a recent post on Wally Bock’s Three Star Leadership Blog about innovation — 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.

Think Differently

Keep an open mind. Keep asking why, and be open to change. Get a fresh set of eyes as often as you need them. Failing to do these means failing to solve the problems we face (large or small) and failing to reach our potential. The consequences may range from disastrous to astounding.