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. 

Cash Flow Myth 4 - That's What Our Bank and Credit Line are For
Fact: Banks will only finance a portion of your cash flow needs. They will have specific requirements related to how much working capital you need to have invested of your own.
Related Article
Cash Flow Tip 6 - Build Relationships
Build Relationships at All Levels. There isn’t a “Computer” that is negotiating your contract with you, approving your Schedule-of-Values, approving your billing or ensuring timely payment for you. It is the people.
Related Article
TOOL: Growth Inflection Point Summary + Self-Evaluation Worksheet
At certain growth inflection points, you must re-evaluate your strategy, systems, structure, and leadership focus. Use this worksheet as a guide to help you determine if you are at an inflection point requiring change or focus on refinement.
Related Article