Buy custom Short report: When to trust your gut
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Business
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| Number of pages / Number of words: |
3 / 728 |
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Lutz's decision to build the Viper was based upon using an aerodynamics model since he was also a pilot. He said that when drag builds up because the nose of the airplane is too high, the plane won't climb any higher so the nose should be dropped to trade some altitude for speed. When Chrysler was slowing down, Lutz went with the dive and spent lots of cash on the Viper but ended up gaining Chrysler forward momentum...
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When Chrysler was slowing down, Lutz went with the dive and spent lots of cash on the Viper but ended up gaining Chrysler forward momentum. Using one experience totally unrelated to the decision at hand and drawing from that experience makes cross-indexing a useful tool.
Dr. Dawes, a Carnegie Mellon University professor, states that when statistical data with rules is the basis for decisions, the outcomes are measured consistently better...
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