Effective Leadership & Disclosure to Reduce Biased Data
Great leaders of the 21st centry need to give up the chain-of-command mentality if they are going to be successful. So many times in business, key information is filtered out by middle management. The filters or spins can be to tailor the information for the audience's preferences. Other filters or spins can be placed on data to hide reality, preserve power structures, political palay, or other unethical omissions or biases in the data. When it comes down to it, the truth are in the trenches, where the people are working on the front line. With today's technology, there should be no excuse for being able to provide executives or those charged with governance (e.g. Boards of Directors) effective, unbiased information along with full disclosure of assumptions, etimates, etc. Another interesting topic is the level of bias in the government's key economic numbers (e.g. unemployment, inflaction, GDP, etc.). Unlike publically traded companies, these powerful economic indicators that drive the broader stock markets do not require full disclosure of significant estimates or to be audited by an independent party. If one wanted to manipulate equity markets or management decisions, biased data is the perfect vehicle.