Managing by Facts

Came across another good synopsis of Hard Facts, Dangerous Half-Truths And Total Nonsense over at Strategy + Business.  Here’s a hint at the content:

The most striking thing about evidence-based management is that it forces executives to be curious, not passive, and to be receptive, not closed, to new information. The difference between an executive who embraces evidence-based management and one who can’t see the value in it is invoked in the joke about the two economists walking down the street who spot a $20 bill on the sidewalk. The first says, “Look, a $20 bill. Let’s pick it up.” The second replies, “It can’t possibly be a $20 bill. If a $20 bill were lying on the sidewalk, someone would have picked it up by now.”

You can check out the whole article here.