New Metrics for Small Business…
MONEYBALL – The economics of Identifying Undervalued Events and Players
Recommendation from Bob Diefendorf:
I recommend reading the book MONEYBALL (Michael Lewis), it is about American baseball but really it’s about the economics of identifying undervalued events and players.
Small business I believe is a lot like baseball because its main enemy is randomness in measurement and analysis. Even ISO systems are more about prevention.
This book shows a way of thinking about a subject that is: minute and innovative and ultimately game-changing. I think the next step in business analysis and thinking may be along the metrics discussed here.
Don’t worry if you don’t know American baseball.
Moneyball (also on Kindle)
Robert M. Diefendorf
Tel # 6622 5507
Diefendorf Property Co. Ltd.