Were their forecasts accurate or not?
Were they based on sound reasoning?
Were they grounded in valid assumptions?
The application to your integration business is that while It’s all well-and-good to look to the future and forecast opportunities and threats, what’s to say that’s anything more than just a guess?
How would you know unless you looked back and evaluated how well you forecasted in the past? And if your past forecasting led you to make decisions, set goals and develop plans, then those efforts were largely wasted if your ability to forecast was poor.
The better you are at predicting the future, the better decisions you will make. Which leads to better goal setting and more relevant plans.
Armed with those learnings, you can revise your model, and your protocol for forecasting. And then after the following year, you assess and revise once again.
That continuous loop of predicting, assessing, and revising, will improve your ability to forecast, make good decisions, and set meaningful goals. Michael Canic
Yes, it’s good to look forward and attempt to predict the future. But it’s equally important to look backward and determine how well you predicted the past.
Make it happen.
This article first appeared on the Make Strategy Happen blog, and has been republished with their express permission.
Read the original story here – https://www.makingstrategyhappen.com/how-good-were-you-at-predicting-the-past/
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