Tag Archives: Data

What Boxing And Your Business Have In Common

You might be a fan of the sweet science or you might think it’s barbaric.  In either case, there’s something to be learned from the big fight that took place over the weekend.  I mean the Manny Pacquiao – Timothy Bradley bout that ended with Bradley winning in a split decision.  From the minute the result was announced there have been calls for an investigation.  There is an excellent article summarizing the issues in USA Today which also looks at 9 other bouts that had controversial decisions rendered by the judges.  Of course, the issue isn’t really with the judgement – it’s with the entire system of a judged sport.

Gymnastics, diving, figure skating, freestyle skiing – there’s a pretty long list of sports in which winners are decided not by a clock or a scoreboard but by a human being’s impression.  Boxing is a hybrid – in theory a knockout or other stoppage negates the need for judges at all (although we could argue the referee’s judgement about when someone is incapable of defending themselves plays a role too).  What does any of that have to do with your business?

Think about how often we insert our own judgement in decision-making when we don’t have to.  Which version of an ad is more effective?  Which page design is better?  What packaging will attract more customers?  What types of content increase engagement?  Often we look to the HiPPO involved – the highest paid person’s opinion – when it’s very possible to conduct simple A/B tests or spend a few hours looking at existing data.  We ignore the scoreboard and go to the judges. We’re generally not making art – we’re conducting commerce.  Because of that, what I happen to like is less important than which customer-facing experience yield the best return.

In the digital world, its pretty easy to test, adjust, and re-test ad infinitum.  In the non-digital world, product tests, packing tests, etc. are the norm (I’m often disappointed to find that some great product I’ve found is just a test and disappears).  We all need to abandon our egos and learn to love our data a bit more.  Otherwise, we might end up like Manny – on the wrong end of a bad decision.

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Cuts Like A Knife

I know it isn’t Friday but since we’re heading to the weekend and our Foodie Friday Fun tomorrow, I thought I’d head us in that direction a bit early.

A Kitchen Knife.

A Kitchen Knife. (Photo credit: Wikipedia)

I came across this article about a bizzare kitchen occurrence and in addition to feeling a need to share it with you all I’m thinking it makes an excellent business point. Let’s see what you think.

This comes out of Kuala Lumpur and is via the Press Trust of India:

In a freak accident, a Malaysian restaurant cook slipped and accidentally stabbed herself to death with a kitchen knife, police said.

Cynthia Tan Kian Hoon, 41, was cooking breakfast when she fell forward, right into a knife she was using. The six-inch knife which she was holding in her hand, pierced into her ribs.

She died shortly thereafter, having cut a main artery.  Tragic, but instructional for the rest of us.  No, the point isn’t to wear non-slip shoes or to use duller knives.  In my mind, it has to do with something I see quite often and maybe you do as well:  people getting hurt (killed!) by the very tools they need to do their work.  Sometimes it’s accidental; more often than not it has to do with someone not understanding how to use the tool in the first place.

Take web analytics.  People regurgitate meaningless data points instead of looking for data to answer actionable business questions.  Then there’s a focus in social media on “likes” and “follows,” not on the quality of interaction or the transactional value of the social exchange.  It’s not limited to the web or to media either.

This was a tragic accident and like most accidents it might have been prevented somehow.  All of us who work with the tools of our trade should spend a few minutes thinking about how the very things that help us make a living can hurt us if they’re misused.  I think we’ll all be surprised by how much of the pain is self-inflicted.

Thoughts?

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What Are You Going To Do About It?

I’m thinking about going into the life-preserver business because every day I become more aware of how many people are drowning.  Then again, I might already be in that business since part of what I do as a consultant (or am I a lifeguard?) is to help my clients break free of the ocean of data that surrounds them.

English: A life preserver icon.

Image via Wikipedia

Maybe you or someone you know is caught up in the same rip-tide – the one where you know more and more each day about your customers, your business, and how they interact and yet you struggle to use that information to advance your goals.  The good news is you’re not alone.  The bad news is you’re not alone. Continue reading

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