Updating your priors in operational experimentation
Traditionally taught and utilized methods of prediction rely on static information and an expectation of a final exact answer. This does not describe the world most of us live in today filled with rapidly changing environments, increased uncertainty and the acknowledgement that a right answer today will likely not be applicable tomorrow.
This is why we look at operations, decisions, and leadership through a Bayesian perspective.
01
Ongoing understanding
In complex individuals that compound to even more complex organizations, our understanding of the environments we hope to influence must constantly be updated with new information.
02
Iterative experimentation
In achieving long-term, durable impact, we find a culture of ongoing experimentation aligned to a future visionIwill beat out a singular long-term set plan.
03
Diverse perspectives
The value from diverse perspectives must be obtained and harnessed to achieve the needs of the customer in today’s VUCA world.
04
Agile ideas
Leaders and operational structures must remain intentionally flexible and agile as new information can dictate necessary shifts, the best teams proactively build for these shifts.