Bill Conerly points out that focusing on the average can be misleading. While averages can give you a nice snapshot of the situation, basing management decisions on averages (such as average profit per worker) or other faulty metrics can lead to companies doing, as Conerly puts it, "pretty stupid things." I totally agree.
Marginal or average?
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This page contains a single entry by William Polley published on March 7, 2007 2:44 PM.
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Thanks for the insightful reminder. I'm sure this applies to many aspects of general life, not just business.