randomness | The D-Squared Digest One Minute MBA - Avoiding Projects Pursued By Morons 101 (Reply)

http://d-squareddigest.blogspot.com/2004/05/d-squared-digest-one-minute-mba.html makes the following points:

Good ideas do not need lots of lies told about them in order to gain public acceptance. The general principle that good ideas are not usually associated with lying like a rug about their true nature seems to have been pretty well confirmed.

Fibbers' forecasts are worthless. If you have doubts about the integrity of a forecaster, you can't use their forecasts at all. Not even as a "starting point".

The Vital Importance of Audit. Basically, it's been shown time and again and again; companies which do not audit completed projects in order to see how accurate the original projections were, tend to get exactly the forecasts and projects that they deserve.

"Anyway, the secret to every analysis I've ever done of contemporary politics has been, more or less, my expensive business school education (I would write a book entitled "Everything I Know I Learned At A Very Expensive University", but I doubt it would sell). About half of what they say about business schools and their graduates is probably true, and they do often feel like the most collossal waste of time and money, but they occasionally teach you the odd thing which is very useful indeed."

Read the whole thing. It's not long.