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How to Become Data Driven - Commoncog

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Join 8,000+ sharp investors and operators like yourself, and we'll send you a collection of Commoncog's best articles right away: This is Part 2 of the Becoming Data Driven in Business series. Read Part 1 here. Donald Wheeler’s Understanding Variation opens with a cute story. It goes something like this: Many years ago, David Chambers found the following time series on the wall of the office of the president of a shoe company. Here was a simple and powerful presentation of data in context. The caption on the vertical axis was “Daily Percentage of Defective Pairs.” Intrigued, David asked the president why he had the graph on the wall. The president condescendingly replied that he had the chart on the wall so he could tell how the plant was doing. David immediately responded with “Tell me how you’re doing.” Evidently no one had the temerity to ask the president this, because he paused, looked at the chart on the wall, and then said, “Well, some days are better than others!” My bet is tha

How to Become Data Driven - Commoncog --> This is part of the Operations topic cluster, which belongs to the Business Expertise Triad . Members only Business Thinking How to Become Data Driven By Cedric Chin The thought of business school make you go ‘eww’? You’re in good company. 9,000+ investors and operators read Commoncog to sharpen their business acumen ... WITHOUT going back to school. Sign up for our newsletter and get a weekly dose of good business thinking (no BS guaranteed): Subscribe The answer, like most things from Statistical Process Control, is more surprising and more obvious t

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