Profit from Science: Solving Business Problems Using Data, Math, and the Scientific Process

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9781137474841: Profit from Science: Solving Business Problems Using Data, Math, and the Scientific Process
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Most of us learn about the scientific method when we are young and make ample use of it throughout our schooling. Yet once we get in the world of work, somehow this process is left behind in favor of experience, rigid adherence to rules, gut feeling, and/or lightning fast decision making. Profit From Science seeks to subvert this trend. Author George Danner presents solutions to the big problems that modern business face—solutions that are grounded in the logic and empiricism of the scientific method. Companies from around the world have turned to author George Danner for help solving some of the most complex problems faced by organizations today. And in Profit from Science, Danner will instruct businesses leaders in how to add the discipline and technical precision of the scientific method to strategic planning and decision making.

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About the Author:

George Danner is President of Business Laboratory, LLC, an award-winning consultancy that uses the very latest scientific techniques and methods to improve the performance of mid-size and large organizations through problem solving, the optimization of existing practices, and advanced forecasting. George specializes in the application of agent-based simulation modeling, Monte Carlo simulation. George has 30 years of experience in corporate strategy, specifically operational and financial analysis, across a wide variety of industries: manufacturing, energy, telecommunications, transportation, and financial services.

Prior to founding Business Laboratory, George held executive positions at nGenera Corporation, Industrial Science LLC (as founder), and Arthur Andersen. Business Laboratory clients include BP, Sun Microsystems, Schlumberger, Manpower, Target Corporation, AstraZeneca, TIAA-CREF, National Grid (UK), TD Ameritrade, Schlumberger, and the US Navy.

George has a Bachelor of Science in Mechanical Engineering from Texas A&M University and a Master of Science in Management from Massachusetts Institute of Technology.

Review:

'This book presents a step change in the art and science of solving complex business challenges, however the implications of George's work on corporate strategy and decision making are nothing short of transformational. Everyone shaping a company should have these tools.' - Wayne Wisniewski, President and COO, Eagle Hydrocarbons

"George Danner's book goes to the heart of better decision making and shows us how to achieve it. Borrow the best from scientific processes- develop hypotheses, analyse data, use best modelling techniques, test the evidence under various scenarios, be objective and transparent , be prepared to experiment and problem solving improves. It sounds simple and yet so many businesses lack the internal processes and disciplines to achieve this. " -Professor Vicky Pryce, Former Joint Head of the UK Government's Economic Service

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