article thumbnail

Consultant Ninja: Signs of Crunch Time: Management Consulting Blog

Consultant Ninja

Countdown metric unit shrinking. ["96 2010-Present: Off the road 2009 Stats: Airline Miles: 24,902 Nights away from home: 73 (of 216: 34% of nights) AMEX Charges: $21,220 2008 Stats: Airline miles: 87,589 Nights away from home: 159 (of 365: 43.6% Client timeline shortening. I havent seen a deck in a while. Consulting. (88).

article thumbnail

When a Simple Rule of Thumb Beats a Fancy Algorithm

Harvard Business

As they reported in a paper published in 2008 , rule-of-thumb methods were generally as good or even slightly better at predicting individual customer behavior than sophisticated models. What they found surprised them. Ergo: heuristics win. There are other areas where the heuristic advantage might be even greater.

Retail 28