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Clearly, concisely, and with many examples from public and private enterprise, Upgrading LeadershipΓÇÿs Crystal Ball shows why predictions are usually wrong and presents a better way to look at the future forecasting. This book is essential-reading for anyone who needs to make the best possible strategic decisions for moving an organization forward in todayΓÇÿs rapidly changing environment.Dr. Bauer supplies an insightful comparison of the two mainstream approaches for looking ahead. Although predicting and forecasting are usually used as synonyms for a single process, they are conceptually and methodologically quite different. He explains why everyday failure to operationalize these differences robs us of power to envision and pursue good futures, especially when we are headed in the wrong direction. Readers will learn the real-world value of distinguishing between predicting (extrapolating historical trends) and forecasting (estimating the probabilities of possibilities). Following a description of predictive modeling and a discussion of five reasons why it fails so often in current applications, Dr. Bauer explains the superiority of forecasting and how to do it. To complete readers understanding of the many compelling reasons for making the shift from predicting to forecasting, Upgrading LeadershipΓÇÿs Crystal Ball presents a practical approach to strategic planning in unpredictable times. It concludes with an analysis of the future of big data and its likely impact on the future.Dr. Bauer is uniquely qualified to write this important book; he is trained in both predicting (economics) and forecasting (meteorology). Author of more than 250 publications, he is internationally recognized not only for long-term success in foretelling the future of medical science and health care, but also for successful innovations to create a better delivery system. This book distills the lessons garnered over his 40 ye
This book offers a practical alternative to the everyday predictive models that have failed to prepare decision-makers for today's economic problems. Rather than telling readers how to prepare for the future, it offers readers tools to evaluate and influence their own futures. The text describes key concepts concisely and clearly, including practical examples. The concepts discussed in the chapters can help business executives avoid problems from the past as they look into the future.
Explains the fundamental concepts, uses, and misuses of statistics. This book introduces the theory and practice of quantitative analysis to provide an understanding of the basic principles of scientific inquiry as applied to clinical medicine, program evaluation, policy analysis, management, marketing and planning, and finance.
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