Posts Tagged ‘Moneyball’

Anything Can Happen In Cleveland

Friday, January 8th, 2016

“There’s always next year …”

Value of Big Data - Ohio CPA Firm

Paul DePodesta has just been announced as the Cleveland Browns Chief Strategy Officer to assist in rebuilding the team. Can big data help the Browns like it helped the Oakland A’s?

Since 1999 that phrase has been uttered so many times in reference to the Cleveland Browns it should have been declared Ohio’s state motto. Well, it’s now 2016 and it looks as though next year might finally be THE year. Why am I so optimistic? Because the day after the Browns cleaned house, the franchise announced who would step in as the new Chief Strategy Officer to help rebuild the team – Paul DePodesta!

Some of you may have no idea who this guy is. But stay with me here while I explain why the news of the Browns hiring DePodesta may have changed the way I look at a team that has done nothing but bring me heartache and disappointment for more than literally half my life.

Six months back I wrote the post “The Billy Beane Approach To Business Success,” which was inspired by another lackluster sports team. One night, rather than watch the Cleveland Indians withstand another defeat, I chose to watch a baseball story with a much happier ending.

If you’ve seen Moneyball then you know that Billy Beane, the general manager of the Oakland A’s, is famous for abandoning “business as usual” and embracing a data driven approach to team building. In doing so, Beane transformed his team and began delivering results simply by recruiting players based on a single data point – their ability to get on base.

So, what does Beane’s story have to do with the Cleveland Browns and Paul DePodesta? Everything. DePodesta, also known as Beane’s right-hand-man, is the guy who first identified the data that went on to drive the Oakland A’s success!

It looks like the Dawg Pound is scheduled for a renovation after all and that “next year” may finally be here!

Now the question is: what data driver will be the key to turning the Browns into a winning team?

What Drives Your Business’s Success?

Take a play from the Browns’ new strategy, your priority should always be defined by what is driving your business’s success and you can’t afford to let yourself become bogged down by business as usual. If you are finding that you are becoming more and more distracted, it may be time to take a fresh look at your organization and refocus on what’s important. Let go of everything else.

This is something the management team at Rea can speak a lot about. The firm recently rolled out its new strategic plan, which calls for all 200+ employees throughout 11 offices across the state of Ohio to focus on a singular driver. Today, all employees are able to clearly identify how their position impacts the firm’s ability to be successful and, together, we can work to deliver real, measurable results.

Listen to Rea’s CEO talk about the firm’s new strategic plan in episode 4 of unsuitable on Rea Radio: “How To Run With The Big Dogs.”

Are you ready to make a change and develop a winning strategy? We can help. Email Rea & Associates to speak to someone who can help you identify and assess your company’s drivers.

In the meantime, I don’t know about you, but I will be eagerly awaiting the announcement of the Browns’ new GM (general manager.) Maybe it will be Kevin Costner –  he did a great job for the Browns in Draft Day. The Browns do have the number two draft pick of 2016. Anything can happen.

By Katie Snyder (Wooster office)

 

Want more tips to help you improve your business? These posts will help:

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Getting Back To Business: How Outsourcing May Provide Relief To Your Business

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The Billy Beane Approach To Business Success

Tuesday, June 23rd, 2015
Big Data, Business and Baseball - Rea & Associates - Ohio CPA Firm

While most baseball teams attempt to excel in all aspects of the game, The Oakland A’s ushered in a different type of strategy – one rooted in the power of optimizing a single data point – getting hits to get the team’s players on base.

It’s summer and that means that baseball season is in full swing. I don’t know about you, but nothing truly beats the feeling of spending a few hours in a stadium cheering for your favorite team – mine just happens to be the Cleveland Indians.

While I am a devoted fan and will support my team at nearly every opportunity (Go Tribe!), I must confess that there are days when, rather than have my heart broken by another loss, I opt to spend my time watching something a little more … encouraging. So, the other night I turned to the movie Moneyball for some baseball-themed comfort.

Read Also: Is Your Business Batting A Thousand?

Based on a true story, Moneyball follows Oakland A’s General Manager Billy Beane as he attempts to overcome multiple challenges in the hopes of taking his baseball team to the next level by leveraging cost effective measures to transform his team. I was particularly struck by the part when Billy, played by Brad Pitt, made a point to zero in on a single characteristic in the hopes of taking his team to the top – hitting. Moving forward with this strategy, Billy turned to data for answers.

Big Data, Business and Baseball

I’m willing to bet that almost everybody reading this post right now is at least somewhat familiar with the term “Big Data.” Some of us are generally aware of its role in business while others help facilitate the collection of data and are ultimately responsible for its collection and interpretation. Then there are others who are acutely aware of Big Data’s magnitude. These are the people who readily acknowledge how data is being used to track our buying behavior, monitor our interests and influence our interactions with others. Today, it is common practice to zero in on the details, which may have cost us our ability to see the forest through the trees – but at least we know that our trees look fabulous.

The Big Data concept is articulated in Moneyball. While most baseball teams devote countless hours to offensive and defensive strategies in an attempt to excel in all aspects of the game, The Oakland A’s ushered in a different type of strategy – one rooted in the power of optimizing a single data point – getting hits to get the team’s players on base.

Billy’s strategy can apply to your business success as well. For example, if you are able to focus on your business’s key driver while cutting out the aspects of your business that are holding you back (such as a poorly selling product, costly production or a minimal return on a particular investment) you can take the steps to increase your efficiency, company-wide value and ability to meet a growing demand. And consider watching Moneyball for inspiration – it sure beats tuning in to another lackluster performance by the Indians.

By Katie Snyder (Wooster Office)

 

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