Do people make situations more complex and decision making more painstaking by investing too much time and thoughts into them? Gathering information and using them as pointers in decision making is fine …but isn’t it that too much information normally acts as deterrent towards decision making and execution? What is the optimum research one should do before commencing something?
Imagine….someone keeps himself immersed in a sea of information, spends immense time analyzing all possibilities, potential problems, likely scenarios, risk analysis etc….based on assumptions (wild ones) and finally becomes overburdened with data, exhausted by (mis)/information….takes every step too cautiously (based on some illusion that some problem might happen)….and finally turns out defensive….and lacking the guts to embark....justifies lack of action to all the problems (none of which might actually happen) which he foresees….
Now consider….someone well versed with the basics….shifts gear to the action mode…faces hurdles on the way….devises ways and modes to resolve the hurdles….either he succeeds in clearing the hurdles or learns the hard way at some cost…either way his course is dynamic…sometimes success, sometimes failure….with the success rate getting better with time.
Now extending this logic to companies, should companies invest so much resources and time in gathering data and analyzing them? Does it really matter in the end? How many MBA jobs will be crucified if companies put a brake on too much data analysis.
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