How to Run Smart Experiments When You Just Don’t Know

147 days ago 20 views Commoncog commoncog.com

How to Run Smart Experiments When You Just Don’t Know

How all good entrepreneurs run experiments at the earliest stages of a business, and how you can use this approach for your own career.

A couple of years ago I had a Commoncog reader join me as a summer intern because she wanted to observe me doing ‘startup stuff’. The ‘project’ I was working on was to figure out a scalable way to create new cases for the Commoncog Case Library. At the end of the internship she gave me a couple of notes about the experience, and we met up for a meal to discuss those notes. At the top of her list was the following observation: “I’m surprised you didn’t have a hypothesis before you ran this!”

I was taken aback. I was then in the midst of implementing — and then publishing — a series of essays about Becoming Data Driven in Business. In the series I argued for creating hypotheses and then testing them in tightly-scoped, iterative bets. I wrote about how the Amazon Weekly Business Review was less a metrics review meeting and more a way to generate knowledge about the ‘causal model’ of a business. I also explained how the ideas of statistician and ‘business philosopher’ W. Edwards Deming (from which