Good product owners deeply understand their users. Great product owners also understand non-adopters, too. This group has secrets for the product owner that often stay concealed because POs are too fixed on active users. This is not strictly true, but Eric Weber describes the idea concisely:“Talk to the non-adopters. I *love* when people tell me … [Read more…]
“You are who you be” is a phrase that crosses my mind nearly 1x per day. It reminds me that I am what I do – my actions determine who I am. The last word, “be”, is a subtle reminder that consistent behaviors are the inputs that ultimately determine the success or failure of longer … [Read more…]
Last year, 2021, was a shake-up for US labor markets (to say the least). One of the most prominent metrics from the BLS was the number of people quitting and switching jobs (i.e. the Great Resignation). One way to think about it is that in September 2021, ~25% more workers quit their job than in … [Read more…]
Historically, many people determined their geographic location based on job proximity. Personally, in the past 10 years my wife and I moved from San Francisco to New Jersey to Boston and to Minneapolis in pursuit of new job opportunities. While many jobs will remain locale-based, many will not. In his new book Masters of Scale, … [Read more…]
I run prediction markets within Target. In order to estimate how surprised I should be by streaks of correct predictions by individuals, I use toy simulations.
A common challenge with control charts: how much history should you use to create the limits? Change point detection can help and I use the Cass Freight Index to demonstrate.
What comes first, the story or the data? I’ve been exploring that delicate balance with change-point algorithms and a chart from Piketty’s Capital in the 21st Century. #dataanalytics
In Great By Choice, Jim Collins teaches us that there is no new normal… there is always just uncertainty and change. Predicting the future is hard. The best leaders and organizations, as such, plan for multiple futures and hedge accordingly. They plan probabilistically. One tool that can assist in scenario planning is Monte Carlo simulation. … [Read more…]
I took a course on speed reading earlier this year and began “flying” through books (flying, that is, compared to old Frank). Prior to taking this course, I would move across a page slowly, reading each word “aloud” in my head. I would move line by line, carefully contemplating the ideas at the moment as … [Read more…]
