Observe, Hypothesize, and Experiment

Contractors would run much better including improved field productivity if they applied the simple lesson we all learned around middle-school science class:

D. Brown Management Profile Picture
D. Brown Management
January 21, 2019 1 minute read
Share
Quote: Stop debating and start experimenting. Because if you don't run experiments you can't learn. Adam Grant from Power Moves.

The Scientific Method:  

  1. Make an observation
      
  2. Ask questions about the observation and gather information

  3. Form a hypothesis about what created the outcome and make predictions about the future state based on the hypothesis

  4. Test the hypothesis in an experiment that can be reproduced

  5. Analyze the data from the experiments that either validates or invalidates the hypothesis

  6. Reproduce the experiment until there are no discrepancies between observed results and theory

Experiments are hard to run in complex environments like a construction company.  That does not mean that you should not attempt to make the best observation, hypothesis, and experiments you can for a given situation.  

Adam Grant talks with the CEO of Goldman Sachs in the book Power Moves about experimentation in what works best for recruiting and retention. 

Key Drivers of Value
Valuation is a very critical factor during ownership transitions because it has to be a number that fairly represents the value of the business for the outgoing owners while providing a solid return for the buyers.
Related Article
Taking 100 Percent of Responsibility
Imagine having 100% control over everything. It starts by assuming 100% responsibility for everything.
Related Article
Bureaucracy - Stifling or Enabling
Talent density versus the complexity of the construction business or project is what determines the level of bureaucracy required for sustainable growth.
Related Article