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Heads Up How to Anticipate Business Surprises and Seize Opportunities First Kenneth G McGee 9781591392996 Books

Download As PDF : Heads Up How to Anticipate Business Surprises and Seize Opportunities First Kenneth G McGee 9781591392996 Books

Heads Up How to Anticipate Business Surprises and Seize Opportunities First Kenneth G McGee 9781591392996 Books

Business "surprises" occur with an alarming frequency. It is an understatement to say they exact a considerable toll on the organization.
According to Kenneth G. McGee, even the worst catastrophes rarely happen without warning. The author is a group vice president and research fellow at Gartner, Inc., a consultancy that specializes in information technology. His book, Heads Up, is about predicting the present.
Managers need to understand what is happening now and how these current events will impact future success. This involves extracting raw empirical information, analyzing it and determining its meaning and implications.
So what is new, you ask? McGee answers managers do not need all the data to understand the present. Only enough to answer the question, "Where are we right now in meeting our corporate goals?"
To an effective executive, this current information always reveals opportunities to improve results. There is a tendency to confuse real-time information with real-time response. In the perfect situation, the following processes happen in the background between the time when an event happens and that event's impact is felt.
1. Information related to the event is monitored.
2. A change in the information is captured.
3. The information is analyzed.
4. The information is reported.
5. A response is initiated.
No manager can afford to monitor all his information sources. To determine which sources to monitor, information should be filtered using the following Identification Model:
1. List goals for the planning period.
2. Prioritize them.
3. Evaluate them.
4. List causal events.
5. Prioritize the causal events.
6. Evaluate whether the real-time information will enable the executive to respond effectively.
Each candidate generated by the Identification Model is subjected to the Justification Model:
1. Does the goal the information further the corporate vision and mission?
2. Does the goal meet current corporate priorities?
3. Is the information material to the goal?
4. What is the goal's corporate impact?
McGee's book goes beyond the usual real-time hype. It will help executives anticipate events and changes. The result: potential disasters will be transformed into opportunities.


Tags : Heads Up: How to Anticipate Business Surprises and Seize Opportunities First [Kenneth G. McGee] on Amazon.com. *FREE* shipping on qualifying offers. Offers a set of metrics for identifying, analyzing, and responding to the right information at the right time - helping companies to avoid disasters and seize opportunities. This work outlines a four-step approach managers can use to identify which pieces of information merit real-time delivery,Kenneth G. McGee,Heads Up: How to Anticipate Business Surprises and Seize Opportunities First,Harvard Business Review Press,1591392993,Decision Making & Problem Solving,Management,Strategy,BUSINESS & ECONOMICS Information Management,Business & Economics,Business & Economics Decision-Making & Problem Solving,Business & EconomicsInformation Management,Business & management,Business Economics Finance,Business competition,Business forecasting,Business forecasting.,Business intelligence,Business intelligence.,BusinessEconomics,Decision-Making & Problem Solving,GENERAL,How-toDo-it-yourself,Information Management,Management & Business: General,Non-Fiction,Professional,Real-time data processing,Real-time data processing.,United States,Decision making

Heads Up How to Anticipate Business Surprises and Seize Opportunities First Kenneth G McGee 9781591392996 Books Reviews

What I was most impressed with about this book is that the author doesn't just preach the glories of real-time. He actually talks about what information shouldn't be real-time. In fact he says that only 5% of corporate information should be real time.
Just for that its worth reading.
One of the foundational attributes of most martial arts is the idea of avoiding the attack of the opponent. Practitioners of Judo, Kung Fu, Tai Chi and a host of other self defense disciplines spend more time avoiding the attacker's punches and kicks than developing their own offensive assault. The simple idea is that you can't be hurt by a punch that you see coming and can avoid. The same concept holds true for business and in his book "Heads Up" author Kenneth McGee says business calamities such as the recent housing collapse, the Internet implosion and S&L crisis usually give observable warning signs. Soundview likes this book because McGee doesn't offer some oversimplified silly solution to predict the future, but offers a helpful model to predict the present. He believes that a good understanding of what is occurring right at this moment, can equip the individual and organization with information that enables them to scenario plan for the future. Mapping out where those potential problems may develop, is a step toward avoiding them altogether.
Business "surprises" occur with an alarming frequency. It is an understatement to say they exact a considerable toll on the organization.
According to Kenneth G. McGee, even the worst catastrophes rarely happen without warning. The author is a group vice president and research fellow at Gartner, Inc., a consultancy that specializes in information technology. His book, Heads Up, is about predicting the present.
Managers need to understand what is happening now and how these current events will impact future success. This involves extracting raw empirical information, analyzing it and determining its meaning and implications.
So what is new, you ask? McGee answers managers do not need all the data to understand the present. Only enough to answer the question, "Where are we right now in meeting our corporate goals?"
To an effective executive, this current information always reveals opportunities to improve results. There is a tendency to confuse real-time information with real-time response. In the perfect situation, the following processes happen in the background between the time when an event happens and that event's impact is felt.
1. Information related to the event is monitored.
2. A change in the information is captured.
3. The information is analyzed.
4. The information is reported.
5. A response is initiated.
No manager can afford to monitor all his information sources. To determine which sources to monitor, information should be filtered using the following Identification Model
1. List goals for the planning period.
2. Prioritize them.
3. Evaluate them.
4. List causal events.
5. Prioritize the causal events.
6. Evaluate whether the real-time information will enable the executive to respond effectively.
Each candidate generated by the Identification Model is subjected to the Justification Model
1. Does the goal the information further the corporate vision and mission?
2. Does the goal meet current corporate priorities?
3. Is the information material to the goal?
4. What is the goal's corporate impact?
McGee's book goes beyond the usual real-time hype. It will help executives anticipate events and changes. The result potential disasters will be transformed into opportunities.