Value Stream Mapping for the Process Industries by Peter L. King - 9781138434707

Taylor & Francis

Clearly, concisely, and with many examples from public and private enterprise, Upgrading Leadership\u2018s Crystal Ball shows why predictions are usually wrong and presents a better way to look at the future forecasting. This book is essential-reading for anyone who needs to make the best possible strategic decisions for moving an organization forward in today\u2018s rapidly changing environment.Dr. Bauer supplies an insightful comparison of the two mainstream approaches for looking ahead. Although predicting and forecasting are usually used as synonyms for a single process, they are conceptually and methodologically quite different. He explains why everyday failure to operationalize these differences robs us of power to envision and pursue good futures, especially when we are headed in the wrong direction. Readers will learn the real-world value of distinguishing between predicting (extrapolating historical trends) and forecasting (estimating the probabilities of possibilities). Folg