Use the 80/20 Rule - Focus on What Has Impact. While in the Navy, I was honored to work with some of the finest analysts in the world, who were anticipating the demise of the Soviet Union. They came from the Rand Corporation, CIA, military intelligence, Department of Commerce and other government organizations. We had the funds, people and time to study scenarios in detail. Most businesses, non-profits and local governments don't have that much money or time. What I'm suggesting is learn to do "down and dirty" analyses. Don't collect masses of data, rather learn to quickly review, analyze, spot patterns and share your conclusions. First, you cannot predict the future precisely , so don't waste your money trying to be absolutely right.
As you formulate strategy, filter your information through the 80/20 rule. Second, most leaders I met have relied on only four or five key discriminators to make a decision. Strategic thinkers must approach the research wearing their leadership hat. Math for the 80/20 rule Delegation. Libre Graphics World. Your Courses | Coursera. The Do It Yourself Scholar | Explore the best in free web learning. Free Online Course Materials | MIT OpenCourseWare.
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