Pinboard (jerryking)
https://pinboard.in/u:jerryking/public/
recent bookmarks from jerrykingExpect Performance To Regress To The Mean2021-09-26T02:00:26+00:00
https://www.robertglazer.com/friday-forward/regression-to-mean/
jerrykingbase_rates benchmarking Charlie_Munger contextual contingency extremes historical_data indicators linear_regression long-term luck overperformance overreaction quotes regression_to_the_mean Robert_Glazer short-term trends anomalies averages decision_making past_performance under-performing top_performershttps://pinboard.in/https://pinboard.in/u:jerryking/b:2af9a79b4543/Tyler Cowen on inequality, Canada, and the state of global superpowers2015-05-04T14:40:16+00:00
http://opencanada.org/features/economist-tyler-cowen-on-inequality-canada-and-the-state-of-global-superpowers/
jerrykingTyler_Cowen economists income_inequality Canada innovation Silicon_Valley digital_economy knowledge_economy economic_stagnation clusters polymaths the_Great_Decoupling averageshttps://pinboard.in/https://pinboard.in/u:jerryking/b:8fa054d2efd4/Kobe’s competitiveness ‘scares a lot of people that are just comfortable being average’ - The Globe and Mail2014-12-17T04:33:36+00:00
http://www.theglobeandmail.com/sports/basketball/kobes-competitiveness-scares-a-lot-of-people-that-are-just-comfortable-being-average/article22099601/
jerrykingNBA athletes_&_athletics competition competitive_advantage basketball Kobe_Bryant competitiveness Pablo_Picasso averages tenacity injuries dark_side villains go-for-bronze inner-directed intrinsically_motivated mediocrity Michael_Jordanhttps://pinboard.in/https://pinboard.in/u:jerryking/b:190d32f64626/Surprise business result? Explore whether it is a hidden opportunity2013-01-18T15:31:19+00:00
https://docs.google.com/document/d/1stTEQxNlfJdkfALausjRNRKJkxBtUOnfERyw2b_2etE/edit
jerryking>anomalies<< that signal a potential business opportunity from those that are merely >>one-time events<<. The key is to examine the pattern of unusual performance over time. The customer who consistently buys high volumes or the market that outperforms the average year after year are, by definition, not random. Is there an underlying cause that can be identified and then replicated elsewhere?
Finally, you need to understand the precise mechanisms that animate the anomalies you identify. Why is the unusual pattern of performance happening? What specific features of the product or the local environment or the customer experience are bringing it about? Don’t accept the usual first-order explanations. It’s not enough to know that a particular customer has been loyal for years; find out precisely why.
It’s up to senior management to create the forum for asking why and to persist until the question is answered with genuine insight.
]]>metrics George_Stalk_Jr. BCG anomalies growth opportunities customer_insights surprises quizzes ratios pattern_recognition insights questions first-order second-order OPMA Waudware curiosity new_businesses one-time_events signals noise overlooked_opportunities latent hidden averages information_systems assessments_&_evaluations randomness 5_W’s systematic_approaches possibility_space outliershttps://pinboard.in/https://pinboard.in/u:jerryking/b:b0f565a0950c/Average Is Over, Part II2012-08-08T12:33:57+00:00
http://www.nytimes.com/2012/08/08/opinion/friedman-average-is-over-part-ii-.html?_r=1
jerryking>mismatch<< exists today between how U.S. C.E.O.’s look at the world and how many American politicians and parents look at the world — and it may be preventing us from taking our education challenge as seriously as we must.
For many politicians, “outsourcing” is a four-letter word because it involves jobs leaving “here” and going “there.” But for many C.E.O.’s, outsourcing is over. In today’s seamlessly connected world, there is no “out” and no “in” anymore. There is only the “good,” “better” and “best” places to get work done, and if they don’t tap into the best, most cost-efficient venue wherever that is, their competition will....The trend is that for more and more jobs, average is over. Thanks to the merger of, and advances in, globalization and the information technology revolution, every boss now has cheaper, easier access to more above-average software, automation, robotics, cheap labor and cheap genius than ever before. So just doing a job in an average way will not return an average lifestyle any longer....Which is why it is disturbing when more studies show that American K-12 schools continue to lag behind other major industrialized countries on the international education tests....Every three years, the O.E.C.D. has been giving the PISA test to a sample of 15-year-olds, now in 70 countries, to evaluate reading, math and science skills. The U.S. does not stand out. It’s just average, but many parents are sure their kid is above average. With help from several foundations in the U.S., Schleicher has just finished a pilot study of 100 American schools to enable principals, teachers and parents to see not just how America stacks up against China, but how their own school stacks up against similar schools in the best-educated countries, like Finland and Singapore....]]>Tom_Friedman CEOs Outsourcing politicians OECD data_driven K-12 PISA rankings standardized_testing assessments_&_evaluations mismatches averages technological_revolutions education mediocrity selling_the_problem shortcomingshttps://pinboard.in/https://pinboard.in/u:jerryking/b:14b148d94bf3/Average Is Over - NYTimes.com2012-01-26T03:38:58+00:00
http://www.nytimes.com/2012/01/25/opinion/friedman-average-is-over.html?_r=1&hp
jerrykingTom_Friedman unemployment middle_class globalization automation value_propositions economic_stagnation Tyler_Cowen the_Great_Decoupling Pablo_Picasso cheap_revolution averages recessions special_sauce technological_revolutionshttps://pinboard.in/https://pinboard.in/u:jerryking/b:973f4941892a/A dizzying world of insight lurks beyond the averages2009-10-26T03:38:19+00:00
http://proquest.umi.com/pqdweb?did=1325994941&sid=2&Fmt=3&clientId=11263&RQT=309&VName=PQD
jerrykingGeorge_Stalk_Jr. strategic_thinking insights BCG management_consulting competitive_advantage questions extremes laggards decision_making anomalies leading-edge quizzes ratios second-order averages 5_W’s base_rates outliers possibility_spacehttps://pinboard.in/u:jerryking/b:6cff24bbe395/