Drinking from the Fire Hose

Making Smarter Decisions Without Drowning in Information

Christopher J Frank - Author

Paul Magnone - Author

ePub eBook | $18.99 | add to cart | view cart
ISBN 9781101543764 | 256 pages | 01 Sep 2011 | Portfolio | 18 - AND UP
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You're sitting in a windowless conference room. Twenty minutes into the meeting the presenter finally makes it to slide four of a thirty two- slide deck. At least you can read this one, unlike the others, which were crammed with numbers, graphs and charts. You look around, wondering if anyone else is following the presentation.

Just about everyone these days suffers from information overload the 24/7 explosion from our computers, smartphones, media, colleagues, and customers. Information is essential to making intelligent decisions, but more often than not, it simply overwhelms us. It's like trying to drink from a fire hose.

The question isn't how to stop all those e-mails, meetings, conference calls, and fat reports; that's impossible. The question is what to do with them. How do you find the truly essential nuggets of information and use them with confidence?

The solution proposed by Christopher Frank and Paul Magnone sounds deceptively simple: Learn how to ask the right questions at the right time. Whatever field you're in, asking smarter questions will expose you to new information, point you to connections between seemingly unrelated facts, and open new avenues of discussion with your colleagues.

The authors explain the seven questions that can help you bring a big- picture perspective to problems that often leave others buried in irrelevant details. And they show through real-life case studies- including Trader Joe's, Starbucks, Kodak, Microsoft, iRobot, and IBM-how their method can have a dramatic impact. It really is possible to convert the fire hose of information into useful insights.

Consider a nonbusiness example: the 2010 Icelandic volcano eruption that sent a giant ash cloud toward Europe. Tens of thousands of flights were canceled and five million passengers stranded, leading to billions in economic losses. Europe's best scientists generated oceans of data and carefully modeled the cloud's dispersion pattern. But no one could answer the essential question: Was the concentration of volcanic ash in the air enough to damage a jet engine? Without that key answer, all the carefully gathered facts were useless to the decision makers.

Once you adopt the seven questions, you'll start having more productive brainstorming sessions. You'll answer critical questions faster and find unexpected solutions to important problems. And you'll get better at communicating to your colleagues with more clarity and focus, turning down the fire hose that other people have to cope with.

"Frank and Magnone tackle one of the biggest problems facing business decision makers today-how to sift through the multitude of raw data to find the indispensable answer. The seven Fire Hose questions they pose and the case study examples they present provide powerful insights for anyone who needs to move past facts to a fuller understanding of the issues they are trying to address. This is a very timely and important book, full of sound advice."
-Vincent J. Cama, chairman of the board, Knowledge Systems & Research, Inc.

"Drinking from the Fire Hose cuts through the data babble and gives real-world lessons and seven simple and insightful questions to help get to the core information that moves business in the right direction. This one will get dog-eared for sure."
-DJ Edgerton, chief executive officer, Zemoga

"Frank and Magnone have done us all a great service in providing seven profound questions that help us reorient our default obsession with data generation and analysis to starting with (and learning to love) data interpretation and meaning. Buy a copy for yourself-read it twice. Then buy a second copy for your boss."
-Ron Crossland, coauthor of The Leader's Voice and former vice chair, Tom Peters Company

"This is a provocative, practical, insightful, and timely book. In the new world of data flooding, data and information of ten exist before the business question is formed. Thus, the challenge of the manager is now more sifting through the stream of data than collecting the data. Frank and Magnone cleverly propose a set of important questions one should ask in order to convert data and information into insights and actions."
-Professor Oded Netzer, Columbia Business School

"It's easy to spend money and collect data-but much harder to figure out what to do with all of your data. Not many organizations are good at that. This book will help you answer the key questions: What information to focus on and what to do with it."
-Rajiv Grover, dean, Fogelman College of Business and Economics, University of Memphis, and editor of Handbook of Marketing Research

"Too many business leaders are overwhelmed and drowning. If that sounds familiar, this book can be your life raft."
-Michael Heideman, executive partner, Accenture Japan

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