MisLeading Indicators: How to Reliably Measure Your Business

How to Reliably Measure Your Business provides something unique and invaluable: Each chapter illustrates the four key principles for reliable measurements: After the three fundamental methods of measuring are defined, the authors expand to the application and interpretation of measurements in specific areas, including business performance, risk management, process, control, finance, and economics. This book supplies essential information for managers in business and government who depend on accurate information to run their organizations, as well as the consultants who advise them.

I think any business school would want to make this book compulsory reading. Excellent, practical and topical information to help the reader wade through the rivers of numbers and statistics we encounter in our daily lives.

The authors take the received wisdom of business metrics and turn it around to show what they really mean. This is important if you have ever relied upon business measurements and been disappointed. Statistics and probabilities are frequently misunderstood and indeed sometimes almost impenetrable.

Do you know how to find and fix misleading indicators that can hurt your business?

These authors go some distance in making things clearer and more meaningful. They answer the question, "what are these numbers telling us anyway? Well written and clear, a worthy business read. This is a must read for anyone who is interested in investing, business or economics.

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If an educated consumer is the best consumer, then readers who read the newspaper must be alert for mistakes in the press - misLeading indicators helps to flag some of the common measurement errors made. The book is very readable, with interesting examples ranging from mutual funds to opinion polls to temperature, and discreet chapters for busy people who will have gaps between reading time.

I really liked MisLeading Indicators. There are many examples from real life and not too much of mathematics.

MisLeading indicators : how to reliably measure your business

I often had similar thoughts, but I didn't dare share them in the presence of all these quality, six sigma black belts. If you want to impress your boss with formidable PowerPoint cakes and statistics, forget this book. If you want to scrutinize given measurements and statistics, this book is must.

I hope, that many people will read this book. We will send you an SMS containing a verification code.

For example, if voter intention polls are done by telephone calls to people listed in telephone directories, how does that skew the results by filtering out people with A call display who don't pick up calls from unknown callers, or B a cell phone that is not a listed number? Apr 16, Alvaro Berrios rated it liked it Recommends it for: This is a good, practical book for any manager.

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There are excellent example on how commonly accepted metrics and KPIs do not only not add the kind of value that is expected but are also detrimental in some cases. The reason I'm giving it three stars though as opposed to four is because I wasn't a fan of the author's style of writing.

I found it to be very bland and boring. Overall though this isn't a bad book to keep on your shelf to refer to from time to time. The-Bedouin rated it really liked it Aug 20, Pyang rated it it was amazing Jan 18, Adrian Green rated it it was amazing Feb 24, Robin Green rated it it was amazing Mar 30, Mou marked it as to-read Dec 09, Rich Torr added it Aug 30, Christy Bradley marked it as to-read Aug 30, Hunsjie marked it as to-read Sep 19, Enrico Bertini marked it as to-read Jan 03, Nghia Truong marked it as to-read Mar 04, Janice marked it as to-read Jul 14, BrittanyNjoe Moala marked it as to-read Nov 19, Ayush Garg marked it as to-read Dec 02, Roy marked it as to-read Aug 27, Supriya Karnani marked it as to-read Sep 19, Marcell marked it as to-read Oct 02, Liz Mclean-Knight marked it as to-read Nov 13, Sivaraman Sundararaman marked it as to-read Dec 06, Mehdi Bouricha marked it as to-read Dec 20, Rahul Katarey marked it as to-read Jan 01, Chasen Bettinger marked it as to-read Aug 04, David Giordano marked it as to-read Oct 03, Guilherme Campos marked it as to-read Mar 30, Ioan-Alexandru marked it as to-read Apr 05,