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The Little Book of Big Decision Models by Dr. Jim McGrath

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SECTION 8

FINANCIAL AND STATISTICAL MODELS

INTRODUCTION

If love makes the social world go round, then finance makes the business world spin. Although I have championed the use of qualitative data in decision making throughout this book, I recognise that many decisions come down to the finances, i.e. does the decision produce a profit? You can’t get away from that. It’s inevitable.

I’m guessing that that you will already have some experience of the models in this Section. How much, I have no idea so forgive me if ‘I’m teaching my granny/grandad to suck eggs’. As someone who trained as an accountant, I have met non-accountants who were brilliant with figures, but they were the exception. Most were competent and knew what they needed to know and ...

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