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With good quality data, organizations can create effective strategies and make informed decisions. To better understand the data we have and the process of data analysis, econometrician, author, and speaker John Johnson joins us in this episode to talk about how to use data to make sound decisions regarding our employees. John H. Johnson is President and CEO of Edgeworth Economics and Edgeworth Analytics, and has his Ph.D. in economics from MIT. He is known internationally for his ability to explain highly sophisticated concepts in a simple, straightforward manner, and brings this skill to his consulting, writing, and speaking. In this episode, you will learn about: What data within organizations should HR professionals need to be paying attention to right now? The broader definition of data The first key to good data analysis The issue of bias with data analysis Correlation versus causation Data vs. people John’s thoughts on gut feeling and decision making Advice to people who are distracted by misinformation Basic skills you can employ to make sure you’re not taken advantage of Connect with John LinkedIn Twitter Edgeworth Analytics Resources mentioned in this episode: Freakonomics: A Rogue Economist Explores the Hidden Side of Everything Everydata: The Misinformation Hidden in the Little Data You Consume Every Day by John H. Johnson Contact Brandon: Email Brandon.Laws@xeniumhr.com or connect on LinkedIn, Twitter, or Instagram. Learn more about Xenium HR at xeniumhr.com Follow Xenium on Twitter, Instagram, or LinkedIn.
Mike Gluck is the co-author of Everydata and author of 40 Freelancing Secrets. To offer your own advice, call Zak @ 844-935-BEST TRANSCRIPTS: ZAK: Where would you say is the most beautiful place you've gotten work done? MIKE: Probably, I mean my brother and his wife live out in Hawaii so I've gotten some work done out there which is nice. The local park is pretty cool. Just knowing that if I have my laptop and a wi-fi connection most of the time, I can do pretty much whatever I need to do anywhere, anytime. ZAK: For lots of us, working from home is new and this setup takes some getting used to. I asked for some advice from long-time freelancer, Mike Gluck. He says with the great freedom of working at home, it can be much harder to get stuff done...and if you've been doing this for the last six months like I have, you know you're not just gonna be able to work from nine to five. You have to be creative. MIKE: So, yeah, I've got to two teenage boys and one of them loves tennis, one of them loves fishing. And the one, Zack, who loves tennis works very early in the mornings on the weekends, so lsat Saturday, I think, I dropped him off at work at 6:30 in the morning. I'm not gonna go and sit inside a Starbucks right now, so instead, I grabbed my laptop and I went to work. It was light out and I sat on a bench and I got some work done. And then for fishing, my younger son loves to fish and he scoped out all these fishing spots around where we live so, you know, sometimes I'll go and just sit in a chair and hangout and we'll talk about life or whatever, but, you know, he likes to do it everyday, so sometimes what I'll do is I'll bring a lawn chair, I'll bring my laptop and I'll sit there and I'll get stuff done for part of it. I think you have to embrace that. One of the benefits is that flexibility, but you also have to look for those pockets of time when you can work and you can be productive because you can't just nap during the day and go to the gym and do your laundry and then not work at night or on the weekends...you have to find those times when, ok, I have an hour here, I have half an hour here, I have three hours here. Let me take advantage of it. It doesn't have to be in a traditional work setting at a traditional work time...you can do it whenever, wherever, ZAK: Mike Gluck is the author of two books, one of which is called 40 Freelancing Secrets which you might find very valuable right now.
Dr. John H. Johnson discusses his book Everydata and the misinformation hidden in the data we consumer every day. Listen as he discusses how statistics, political polls and 'big data' are manipulated to mislead. We create 2.5 quintillion bytes of data every day. How can we make everyday data work for us…and not against us?
Quick: what's important to your business? Do you even know? My guest today is Dr. John Johnson, the CEO of Edgeworth Economics, an expert witness, and author of “Everydata: The Misinformation Hidden in the Little Data You Consume Every Day.” When John established his company, he began by setting priorities that would always be important to his business: Upward mobility for talented team members A culture that values all employees A reputation for objectivity and high-quality analysis Being responsive and client-facing Of course, things change. Since 2009, John's business has grown from six people to about 100 employees. But then again, some things don't change. Through all that growth, the foundational principles John established remain the same. “The kind of people I want in our culture has changed over time,” John tells me in this episode. “But those people always have to fit our culture.” Because of the consistency that came from setting priorities early on, John says he could always find the right employees – or free up their future quickly whenever he missed the mark. It doesn't do anybody any good when you hire a mismatch. @Everydata via @RustyLionAcad If you need to start setting priorities for your business, or even if you know what's important but haven't been able to implement a perfect plan, this episode is for you. You'll hear John give some fantastic advice about how to set priorities that will always carry your business forward. And that's only the beginning of what John has to offer you. Click play in the player above to get started. Listen to this episode to hear Dr. John Johnson talk about setting priorities and more: Why you should be skeptical of headlines like “1 in 5 CEOS is a psychopath.” The reason you might want to be more impatient. (But not with employees.) Being an economist in the middle with a media of lefts and rights. Three things you should do as a leader (HINT: None of them is “sit in your office with the door shut.”) What you can learn about success from John's nearly deciding to quit grad school while at the Monterey Bay Aquarium. Why emotion drives entrepreneurs and why you may need to put it aside. How an 18th century economist gave John his company name. How you can serve your clients even if your decisions don't help them. Books and resources mentioned in this episode: “Good to Great: Why Some Companies Make the Leap and Others Don't,” by Jim Collins “Everydata: The Misinformation Hidden in the Little Data You Consume Every Day,” by Dr. John Johnson “Life of Pi,” by Yann Martel How to contact Dr. John Johnson, CEO of Edgeworth Economics: You can get in touch with John via his business website or his author website. Do this next to learn how to set priorities: Setting priorities should be something you do regularly. If you struggle with this, you should consider building a morning routine that makes priority-setting a can't-miss part of your day. At Rusty Lion Academy, we developed the Wake Up and Win morning routine – and expect that it can do for your business what it's done for ours. Click here to Wake Up and Win. It's free!
If data is not interpreted correctly and used properly, it can’t add the appropriate value to each and every facet of an organization. Dr. John H. Johnson, PhD, co-author of EVERYDATA: The Misinformation Hidden in the Little Data You Consume Every Day will join us to talk about how businesses can, and should, use data to grow. John H. Johnson, PhD is president and CEO of Edgeworth Economics, and a professional economist, expert witness, author, and speaker. Today's show is sponsored by Audible.com and Expert Insights. Audible.com is a leading provider of spoken audio entertainment and information. Listen to audiobooks whenever and wherever you want. Get a free book when you sign up for a 30-day free trial at audibletrial.com/businessgrowth. Expert Insights is my bestselling book straight from this show. It includes the wisdom of 10 of the guests I’ve been honored to have on the show. Each chapter provides information you can use in your business today. It is available on Amazon.com.
Episode 77 - Dr. John H. Johnson discusses his book Everydata and the misinformation hidden in the little data we consumer every day. We create 2.5 quintillion bytes of data every day. What does it really mean? What are the impacts to avoid, and the opportunities we should look for? How can we make everyday data work for us…and not against us? Stay tuned after the interview for five action items to take advantage of the ideas and advice, and hear bonus comments. Host, Kevin Craine Everyday-MBA.com
Did you hear, studies say two cups of coffee a day will give you a healthier heart?! I hear you, you can only drink coffee in the morning though. Never fear, didn’t you know that studies show that two glasses of red wine a night are proven to make you live longer?! I know, it’s the perfect one two punch! If only there was a study that supported my love of unhealthy food, like, oh, I don’t know, that eating grilled cheese sandwiches will make you more likely to have sex. This new world of studies is so great! Just start the Blake Fletcher patented ‘Coffee, wine, grilled cheese’ diet and you’ll be banging your way to a longer life in no time! (Please don’t actually do that or you’ll probably get an arrhythmia, alcoholism, and clogged arteries) It seems like studies are coming out every day that say…whatever the heck they want to say, and that new ones are always contradicting old ones. What does it all mean? Can we even trust studies and data at all anymore? Dr. John Johnson, data analyst extraordinaire and co-author of the new book Everydata, is here to help us sort through everything.
The average person consumes approximately 30 gigabytes of data every single day, but has no idea how to interpret it correctly. Everydata explains, through the eyes of an expert economist and statistician, how to correctly interpret all of the small bytes of data we consume in a day. Readers will become effective, skeptical consumers of everyday data. Dr. Johnson reveals that while everyone is talking about “big data,” the truth is that understanding the “little data” (stock reports, newspaper headlines, weather forecasts, etc.) is what will help you make smarter decisions at work, at home, and in every aspect of your life. Dr. John H. Johnson, IV is an expert witness who has testified and consulted in cases involving how one uses and interprets data in a wide range of settings. As CEO and co-founder of Edgeworth Economics – a leading consulting firm with offices in Washington, DC, San Francisco, and Pasadena – John heads a data-driven company that has been featured on NPR, the Washington Post, USA Today, and HuffPost Live. Co-author Mike Gluck is president of Gluckworks and an award-winning writer and marketer who has written for leading organizations nationwide. Dr. Johnson's website is http://www.johnhjohnsonphd.com/ The book website is http://www.everydatabook.com/ Mike Gluck's website is http://gluckworks.com/ To purchase his book click HERE
The Misinformation Hidden in the Little Data You You Consume Every Day Interview by Chicke Fitzgerald of the Game Changer Network as a part of the Best of the Game Changer series, showcased on C-Suite Network The original live interview was 4/22/16. The average person consumes approximately 30 gigabytes of data every single day, but has no idea how to interpret it correctly. Everydata explains, through the eyes of an expert economist and statistician, how to correctly interpret all of the small bytes of data we consume in a day. Readers will become effective, skeptical consumers of everyday data. Dr. John H. Johnson, IV is an expert witness who has testified and consulted in cases involving how one uses and interprets data in a wide range of settings. As CEO and co-founder of Edgeworth Economics – a leading consulting firm with offices in Washington, DC, San Francisco, and Pasadena – John heads a data-driven company that has been featured on NPR, the Washington Post, USA Today, and HuffPost Live. The Game Changer is featured on C-Suite Network. Chicke is a philanthropreneur • she zigs where others zag, creating value, growth and bringing to life crazy good ideas that will leave a legacy
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