It is perhaps a necessary evil when it comes to analysis to be “anal”. However, there comes a point where we approach the point of diminishing returns with meticulousness; where there is little value add by over analyzing something just to get it up to a self-perceived “100% accuracy / precision”.
The truth of the matter is that in a world of complexity, there is just so much data and we can take a problem apart in 5 ways, analyse these 5 for the entire week and yet find that there are many sub-problems for each that would require a month to complete! Unless we are doing a hard science like getting the exact angle to launch a rocket millions of miles away, it would behoove us to apply our smarts to use analysis to guide direction rather than precision.
The oft-used phrase “the paralysis of analysis” tells us that in a time-starved world of business, executives do not have the luxury of uncovering every hole to look for their treasures. That is counterproductive – identify the issues and move forward. Don’t end up reinventing the wheel on what has already been researched on and confirmed, unless there are real glaring discrepancies that just won’t hold up.
All rights reserved, 2013
Follow the Magazine:
(After you have filled in your email address in the column at the right hand side of the screen, a confirmation email will sent to your email address. You will have to confirm it before subscription begins)
Follow us on Twitter:
Like us on Facebook: