How to Measure Anything: Finding the Value of Intangibles in Business
Now updated with new research and even more intuitive explanations, a demystifying explanation of how managers can inform themselves to make less risky, more profitable business decisions
This insightful and eloquent book will show you how to measure those things in your own business that, until now, you may have considered "immeasurable," including customer satisfaction,...more
As the title suggests, throughout the whole book the author strongly defends the case that everything can be measured, even though the method may not be obvious at first glance. The book structure basically consists of the explanations of why this is so and various examples and methods that should help the reader to deal with many types of such problems.
Ah, that is where this book was insightful an helpful. Hubbard aserts that there isn't anything...more
Hubbard's taxonomy and mine don't fully jive, but that's a minor point; I found much more to like than not. I like to highlight and make notes in good books...this book is full of both. I especially like one of his "useful measurement assumpti...more
The first is the "moneyball" type: a phenomenon where we know intuitively that there are important differences in measurable outcomes but we lack statistically significant explanations. The challenge here is to find things to measure that are consistently revealing of the phenomenon you are ultimately interested in measuring (say team wins). Maki...more
The second half is a bit more technical and I wished I had been reading in paper instead of in audio. I may do that eventually. The pacing is a little hard in audio and I could have benefited from notes,...more
Hubbard starts with shattering the myth that some things just can’t be measured (if it can be observed, it can be measured), then goes on to give methodology with understand...more
I chose to read this book because it seems to be focused around analytics and measurements and this is a field that I would like to get back into at work.
I found after I started listening that this book is heavy on statistics and some of the parts were well beyond my curve for this topic. I did find that having taken the Grainger/CLC Intro to Statistics course, most of the terminology and references were...more
The first half is very recommended as it goes into what it means to “measure” something and suggest some very fundamental questions regarding measuring. E.g.:
What is it you want to have measured? E.g. what does...more
The approach challenges decision makers to figure out what tangible outcome they actually care about, and think creatively to come up with low cost observations that can be measured. It goes on to give readers tools to determine how much they don't know an...more
I enjoyed this book, even though it has much jargon about statistics and formulas, mainly because it helped change my presuppositions about measurements.
This book has some good concepts about measuring that anyone can benefit from; it also has more in depth explanations for those who want to really dig deep.
If you listen to this book don't forget to download the charts and graphs to look at.
Measurement: A quantitatively expressed reduction of uncertainty based on one or more observations.;
Uncertainty: The lack of complete certainty, that is, the existence of more than one possibility.
Risk: A state...more
Some sections are lighter than others; for example the chapter on Bayes does not really do justice to how useful this is. Most useful to me are were the simple rules of thumb, for example how to estimate the median with a 90% confidence interval with just a couple of measurements.
Hubbard is able to take the dreaded college Stats 101 course and cover the material simply in a way that explains "why" we do it without focusing on the scary mathematical "how."
Although i really disliked questions on geographical locations, because i'm in Europe. That gave me hard times.