Don't Get Too Carried Away Trying to Run Your Business on Moneyball Principles
Data matters. It's important to harness data to find more efficient ways to operate. But making data a higher priority than your workforce is extremely unwise.
Data matters. It's vitally important for a business to harness it to find more efficient ways of operating. But making data a higher priority than your workforce is an extremely unwise leadership decision, says Forbes' Meghan M. Biro:
"Regardless of data, regardless of technology, you simply can’t have an optimally performing organization without a genuine, people-centric relationship between leadership and workforce."
How exactly does Biro's opinion relate to Moneyball? Ever since Michael Lewis' bestseller was adapted to the big screen, there's been no shortage of articles like this from The Week offering bits of advice on how you can run your company like the 2002 Oakland A's. Many of those articles have offered novel and well-reasoned advice (the linked one above included). It's very true that much can be gained from an analysis of how the characters in Moneyball looked to market inefficiencies in informing their talent acquisition practices. That's the sort of thing that's relevant to a lot of businesses.
Conversely, there exists a school of thought that naively suggests a blanket approach to "Moneyballing" that incorrectly assumes an apples-to-apples comparison between your typical workforce and the capricious 40-man baseball roster. Because the Oakland A's dealt with the latter, the ballclub could focus more on data and less on how their third baseman felt about things like HR (unless, of course, it stood for home run and not Human Resources). Billy Beane had (and still has) no real incentive to invest in his players as people. That's not the case with leaders in other industries.
The gist of Biro's argument is that workplace leaders who maintain an authentic relationship with their workforce reap positive results because of it. This Labor Day weekend, think about what you can do for your workers so that they can, in turn, do well for you.
Read more at Forbes
Photo credit: Phil Stafford / Shutterstock
For more on Moneyball, watch this clip from Michael Lewis' Big Think interview:
How a cataclysm worse than what killed the dinosaurs destroyed 90 percent of all life on Earth.
While the demise of the dinosaurs gets more attention as far as mass extinctions go, an even more disastrous event called "the Great Dying” or the “End-Permian Extinction” happened on Earth prior to that. Now scientists discovered how this cataclysm, which took place about 250 million years ago, managed to kill off more than 90 percent of all life on the planet.
A new study discovers the “liking gap” — the difference between how we view others we’re meeting for the first time, and the way we think they’re seeing us.
We tend to be defensive socially. When we meet new people, we’re often concerned with how we’re coming off. Our anxiety causes us to be so concerned with the impression we’re creating that we fail to notice that the same is true of the other person as well. A new study led by Erica J. Boothby, published on September 5 in Psychological Science, reveals how people tend to like us more in first encounters than we’d ever suspect.
Using advanced laser technology, scientists at NASA will track global changes in ice with greater accuracy.
Leaving from Vandenberg Air Force base in California this coming Saturday, at 8:46 a.m. ET, the Ice, Cloud, and Land Elevation Satellite-2 — or, the "ICESat-2" — is perched atop a United Launch Alliance Delta II rocket, and when it assumes its orbit, it will study ice layers at Earth's poles, using its only payload, the Advance Topographic Laser Altimeter System (ATLAS).
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.