Detroit Tigers

I like baseball.  I can’t tell you the number of times I have spent the afternoon listening to a game and hearing the announcers expound on batting averages and on-base percentages as I puttered around the house. As someone with a background in quantitative analysis, I understand that the chances of a game-winning grand slam in the bottom of the ninth inning by a player that has not hit a home run in the major league are small.  However, in my mind’s eye, I can see the event happening and even believe that because I am listening that it will occur. This example is one form of magical thinking.  Magical thinking occurs when we attribute a causal or synchronistic relationship between actions or events that can’t be justified by reason and observation.  The current business environment means that innovation and magical thinking are often intertwined. Innovation without the ground game of implementation and continuous improvement is magical thinking. (more…)