Is there data on the quality of management decisions?

Re:Is there data on the quality of management decisions? by Joeri on Tuesday December 05, 2017 @04:07PM (#15856000)

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.

[ Parent | on HN ]

Re:Is there data on the quality of management decisions? by deepsun on Tuesday December 05, 2017 @04:21PM (#15856128)

Speed 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?

[ Parent | on HN ]

Re:Is there data on the quality of management decisions? by kinkrtyavimoodh on Tuesday December 05, 2017 @05:16PM (#15856557)

What 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.

[ Parent | on HN ]

Re:Is there data on the quality of management decisions? by mcguire on Tuesday December 05, 2017 @10:41PM (#15858279)

Mostly, it's answering a simpler question than was asked. See Thinking, Fast and Slow.

[ Parent | on HN ]

Re:Is there data on the quality of management decisions? by abhiyerra on Tuesday December 05, 2017 @10:28PM (#15858224)

I 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.

[ Parent | on HN ]

Re:Is there data on the quality of management decisions? by mcguire on Tuesday December 05, 2017 @10:40PM (#15858273)

"There are two ways to make decisions. One is bad, the other is worse. No one knows which is which."

[ Parent | on HN ]