How to Measure Anything - Finding the Value of Intangibles in Business
Douglas W. Hubbard
Summary
Key Insights from "How to Measure Anything - Finding the Value of Inttangibles in Business"
- Anything can be measured: The book posits that any intangible aspect in business can be measured with the right methodologies, even those that are often considered immeasurable.
- Measurements reduce uncertainty: Measurement is not about achieving 100% certainty but about reducing uncertainty and making informed decisions.
- Value of information: Hubbard argues that the value of information is in how much it reduces uncertainty.
- Monte Carlo simulations: The book introduces Monte Carlo simulations as valuable tools for measuring uncertainty and making predictions.
- Calibrated...
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