Moneyball-examine why sabermetric

Assignment Help Operation Management
Reference no: EM132853920

Moneyball

Moneyball, a book by Michael Lewis (2003), highlights how creativity, framing, and robust technical analysis all played a part in the development of a new approach to talent management in baseball. It also exhibited great examples of the biases and psychological pitfalls that plague decision makers.

Review the article "Who's on First?" by Thaler & Sunstein (2003) from this module's assigned readings. This article reviews the book Moneyball by Michael Lewis.

1. Examine why sabermetric-based player evaluation is such a shock to other executives in baseball.

2. Evaluate why Beane is much more effective in his success by constructing a matrix of pitfalls and heuristics that highlight the differences between Beane's team and other executives.

3. Moneyball highlights how people tend to overestimate the likelihood of success and end up facing financial loss-in this case, it meant forfeiting millions of dollars. Analyze a professional or personal decision (yours or otherwise) that highlights this predilection in spite of substantial losses.

4. Explain how you would apply Moneyball's management lessons in your own endeavors.

Reference no: EM132853920

Questions Cloud

Types of trainees and adapt quickly in learning environment : A successful trainer needs to effectively engage various types of trainees and adapt quickly in the learning environment to meet their needs.
Different methods of quality measurement : Detailed summary of at least two different methods of quality measurement.
Project control and change management strategies : What project control and change management strategies would you have used to prevent some of the issues?
How does the act affect supply chain management : How does the act affect supply chain management? How does it facilitate or impede exports and global collaboration?
Moneyball-examine why sabermetric : Examine why sabermetric-based player evaluation is such a shock to other executives in baseball.
Advantage of consumers mental accounting : How might a company take advantage of consumers' mental accounting? Give examples.
Describe five techniques of bargaining : Identify and describe five techniques of bargaining and explain the key elements of each techniques.
Introducing new women facial care product : Suppose your company is interested in introducing a new women's facial care product.
What are five pros and three cons of employee teams : What are three reasons the use of employee teams has been so controversial? What are five pros and three cons of employee teams?

Reviews

Write a Review

Operation Management Questions & Answers

  Critical aspects of value added by the workers

In jobs you have had, what have been the critical aspects of value added by the workers? Could they have been automated? What would have been lost if they had been automated?

  Downstream process activity in business model

An integrated company usually only has downstream process activity in their business model.

  Future reform of the health care system

what you think should be included in a future reform of the health care system, focusing on financial operating changes

  Making process begins with consumer need recognition

Marketers believe that the decision-making process begins with a consumer's need recognition.

  In term of their importance to any business

In term of Their importance to any business, what ranking (first, second, etc) would you give to each of the groups in the task environment.

  Defining uncertainties

One of the key areas that challenges most managers: Defining uncertainties.

  Research performance management in public

Research Performance Management in public or non-profit (Human Resources). Identify best practices such as balance scorecard, and benchmarking performance.

  Teratogens are agents in the prenatal environment

Teratogens are agents in the prenatal environment that can harm an embryo or fetus. Examples include a pregnant woman abusing drugs or inhaling second hand smoke. Do you know of any situations where teratogens were suspected in affecting a pregnancy ..

  Negative impact on the developing nations of the world

Are organizations such as the IMF, WTO and World Bank having a positive or negative impact on the developing nations of the world?

  Create the final strategic plan on apple corporation

Create the Final Strategic Plan on Apple Corporation. The strategic recommendations will be evaluated and the best options chosen for recommendation.

  What are the major perceptual errors

What are the major perceptual errors? Why do they occur? What are some cognitive biases, and what can we do to manage them in the negotiation process?

  An organization has distinct elements

An organization has distinct elements, and these elements interact in ever changing-ways.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd