You Need Real Data to Have Real Solutions - Deepstash

You Need Real Data to Have Real Solutions

You may not need real data to have real ideas, but you do need real data to have real solutions. Because until it has been tested against the harsh light of reality, your idea is not yet a solution.

60

STASHED IN:

850

STASHED IN:

0 Comments

MORE IDEAS FROM How to be Strategic

  • People with strong analytical skills need more creativity to become truly strategic. Conversely, people of a more creative disposition need to graft some analytical engine to their unbridled creativity to become more strategic.
  • To be strategic, first, be creative, then be analytical. First, create a range of possible futures, then analyze these various possible futures, to discover the best possible outcome.
  • Getting organizations to become more strategic usually means finding a way for the ‘creative’ types to work well with the ‘analytical’ types. Giving them a common vocabulary, mutually appreciating the key role played by the other, embracing the superior results that joint work delivers. And also emphasizing that different people should be steering things at different times.

83

STASHED IN:

880

The Rollercoaster of Strategic Thinking

It is the ultimate mental model for working smarter, not harder. It contains three distinct sections:

  • ‘Up’ – How to generate great ideas quickly.
  • ‘Down’ – How to eliminate options in no time.
  • ‘Push’ – How to best get the best solution approved.

The Rollercoaster of Strategic Thinking is the best approach to take when you’re faced with: no clear answer at the beginning, very little data available throughout, and stakeholders insist on data(proof) at the end.

187

STASHED IN:

947

THOMAS EDISON

"Vision without execution is just hallucination."

99

STASHED IN:

860

The Submarine of Analytical Research

This is the path that problem-solving activities follow when undertaken by people who believe that you need the facts first before you can envisage any answer. No data, no solution. 

The big benefit of the Submarine route as a problem-solving approach is that you turn lots of unknowns into data, which gives you certainty regarding your eventual answer

65

STASHED IN:

853

It is the approach you take when you can’t really work out the answer right from the beginning and you’re clear that data is going to be sparse and unreliable.

You accept that you’re faced with a bunch of unknowns and that it’s all very chaotic. So you don’t waste time trying to turn these unknowns into facts. Instead, you quickly impose some structure on the chaos that surrounds your problem, and you shoot for three or four creative options.

56

STASHED IN:

854

There is simply too much unstructured and unreliable data in the future.

Demographic evolution, societal changes, AI, robots, new specialist legislation, etc. Too many changes on the horizon. There is always a new trend around the corner that you won’t have thought of.

Everything around you changes. You can’t know the future, but you can structure your response to it, by first imagining a number of possible futures.

70

STASHED IN:

871

It’s a way to solve problems. It’s not about how high your IQ is, or how many business theories you know. It’s just about the way you think about problems.

The hallmark of a successful executive, entrepreneur or freelancer is the ability to be more strategic than one’s peers or competitors.

109

STASHED IN:

868

You and your team will typically need to think strategically about a particular issue you face if: 

  • the problem is big
  • it lies in the future
  • it’s never been done before
  • there will likely be very little data
  • the best answer is not just a matter of taste
  • it will require proof to convince many stakeholders.

66

STASHED IN:

863

It's the approach most of us use when we don’t actually realize that we are solving a problem. 

We just execute a solution we already know – or we ask another expert to do so for us.

This is the methodical execution of already known tasks, towards completion of an already identified outcome.

57

STASHED IN:

845

Analyzing data is really good at making sense of the past, and not so great at making sense of the future.

Because most forecasts will prove to be false. The majority of future data is as unreliable as your average long-range weather forecast.

47

STASHED IN:

851

Deepstash helps you become inspired, wiser and productive, through bite-sized ideas from the best articles, books and videos out there.

GET THE APP:

RELATED IDEA

David Collis - Harvard Business School professor

“Most executives cannot articulate the objective, scope, and advantage of their business in a simple statement. If they can’t, neither can anyone else.”

21

STASHED IN:

220

STASHED IN:

0 Comments

Basic steps to solving any problem
  • Understand the Problem, so you know you're actually focusing on the the real issue at hand.
  • Create a Plan, so you have a series of actionable steps to follow.
  • Keep Yourself Motivated, so you don't give up or get frustrated when it takes a while to successfully resolve the problem.

15

STASHED IN:

811

Life as a narrow bridge

"The world is a narrow bridge and the important thing is to not be afraid" - Hebrew prayer.

The world we live in is uncertain and full of risks and it's easy to get scared and look down instead of looking forward. But if you peer over to the side of the bridge, you lose the motivation to continue, you freeze up and stop making good decisions.

19

STASHED IN:

2.62K