Excellent post! Do you use a Weekly Business Review-type process at your company? It seems like it's been very successful for amazon and i always thought about it as helping them develop a "true" story about what is going on in the business, but perhaps looking at hundreds of charts very quickly per week just helps people pattern match good and bad opportunities
I'm actually not familiar with that process, but you've piqued my interest! We definitely do spend a lot of time "soaking" in data in our regular meetings though!
"Every Wednesday morning, Amazon’s executive team gets together and goes through 400-500 metrics that represents the current state of Amazon’s various businesses. The meeting lasts 60 minutes, except for when it’s the holiday shopping season, in which case they sit together for 90 minutes. Amazon’s leadership meets for the Weekly Business Review every week, without fail, even when the CEO or CFO isn’t present. They’ve been doing this since the early 2000s."
Excellent post! Do you use a Weekly Business Review-type process at your company? It seems like it's been very successful for amazon and i always thought about it as helping them develop a "true" story about what is going on in the business, but perhaps looking at hundreds of charts very quickly per week just helps people pattern match good and bad opportunities
I'm actually not familiar with that process, but you've piqued my interest! We definitely do spend a lot of time "soaking" in data in our regular meetings though!
Highly recommend checking this post out which delves into it - https://commoncog.com/the-amazon-weekly-business-review/
"Every Wednesday morning, Amazon’s executive team gets together and goes through 400-500 metrics that represents the current state of Amazon’s various businesses. The meeting lasts 60 minutes, except for when it’s the holiday shopping season, in which case they sit together for 90 minutes. Amazon’s leadership meets for the Weekly Business Review every week, without fail, even when the CEO or CFO isn’t present. They’ve been doing this since the early 2000s."
Exceptional post; thanks for sharing. Came across this somewhere and could't find it again, but GPT helped me out!
It does seem like empiricism/the scientific method is the only way - you really have to find the ground truth yourself.