Strategy algorithms beat judgement

Posted by:

HBR explains how judgement underperforms simple algorithms for many issues – strategy algorithms exist, at least implicitly.

Recent decades have seen human intuition progressively replaced with proven rules, procedures or algorithms for increasingly complex tasks. Long ago, truck deliveries were scheduled by the logistics manager, and airline prices set by pricing staff – both are now automated. And this phenomenon now goes on to more subtle issues, such as bank credit scores, and marketing tactics driven by behavioural insights from big ...

Continue Reading →
0

IT & Enterprise Architecture

Posted by:

strategy+business explains how IT works best when tied closely to business goals, which using an Enterprise Architecture  helps ensure. Though the article explains little of what exactly an EA is, there’s plenty on the Web about it, including professional training and certification. An EA seems to rely on having a sound foundation of an ‘Operating Model’ of the business, which in turn ties together strategy maps, goals and policies.

But how do we ensure that operating model is indeed rigorous? I would start from ...

Continue Reading →
0