AST Digital Magazine October 2017 Digital-Oct | Page 23

Volume 17 enabled databases, and various other forms of manually collected data from the field to inform decision-making. October 2017 Edition the problem that he was working on was solved. Spiral analysis contrasts with the approach used by some corporate executives who begin their analysis from a firm-based, bottom-up perspec- tive, which is expanded outward only as needed. Both approaches obviously have merit. Peter Drucker (Courtesy of Business Week) As a result, the Marshals, like many corporate executives, are at-risk of not only information overload, but also what the late Peter Drucker called the “malfunction of information.” According to Drucker, information “malfunctions” when it is either transmitted in an untimely man- ner or it is transmitted in the wrong form. To mitigate these risks, some Marshals employ a form of “spiral analysis,” whereby analytical ac- tivities are begun at the outside periphery of the information flow and then are continuously nar- rowed down until a given problem is solved. This approach prevents too narrow a focus on any one data point unless such a focus is explic- itly warranted analytically, which has proven very useful. For example, Marshal Joseph Lobue indicated that he “always started with peripheral informa- tion and just kept narrowing things down” until Peripheral Vision: Detecting the Weak Signals That Will Make or Break Your Company However, the key insight here is that peripheral information should be made a part of the ana- lytical process, which does not always occur (for more information see Day, G. and Schoemaker, P. (2006), Peripheral Vision: Detecting the Weak Signals That Will Make or Break Your Compa- ny, Boston, Ma: HBS Press, and Calandro, J. (2015), “A Leader’s Guide to Strategic Risk Man- agement,” Strategy & Leadership, Vol. 43, No. 1, pp. 26-35). Information sharing should also be an explicit part of the analytical process, especially insights obtained from advanced analytics. 23