Weekly Wrap – 10th July 2014

 

Hi I am Tom McLeod, Co-Founder of McLeod Governance.

This is what I would be thinking about this week.

Columbia Business School / Kellogg School of Management Study

A couple of days ago, the New York Times ran a very interesting article on the level of mistakes that baseball umpires make when it involves an All-Star pitcher.

Two researchers – one from the Columbia Business School and the other from the Kellogg School of Management – look at just short of 800,000 pitches and sought to identify whether there were any preference or bias to those who were pitching and had been an All-Star performer previously.

The result was extraordinarily interesting.

The umpires seemed to – by virtue of the photographic evidence – allow 17% more mistakes with an All-Star pitcher than from someone who was not an All-Star pitcher.

So what is the relevance of that for our discussion today?

“Good Bloke” Discount

I am going to call it the “good bloke” discount.

Why?

Sometimes you see – more often than we care to acknowledge – situations where people are allowed mistakes that they would not otherwise get away with because of their past performance or their personality.  Hence the colloquium of the “good bloke” discount.

Is that what is happening with baseball or is it something else?  I am not for one moment suggesting that the umpires have any malicious intent in allowing through more mistakes as it relates to All-Star pitchers.

Do You Have A “Good Bloke” Discount Problem?

But it is something that is worthy of consideration in your organisation.

Who are your All-Star pitchers?

Are you allowing through more mistakes?

And is there at play a “good bloke” discount?

 

 

Subscribe to Receive Our Email Updates

  • This field is for validation purposes and should be left unchanged.