7 Steps To Making Better Decisions

A couple of weeks ago I read an article in Information Week entitled 7 Steps To Making Better Decisions.  In the article, Gary Smith outlines a no nonsense approach to adopting an analytics methodology to decision making.  The steps seem intuitive and simple, however it is amazing how often basic fundamentals are overloked in modern business.  I like a flexible but structured approach to my process/procedure/standard and other collateral development efforts.

The Seven Steps:

  1. Define the problem
  2. Identify relevant factors
  3. Focus on data collection and preparation
  4. Model the solution
  5. Report the results
  6. Implement the decision
  7. Follow-up

Read the article here:  InformationWeek