Lessons From Money Ball - 6 Billy Beane Quotes To Help Run Your Business!

Lessons From Money Ball

Lessons From Money Ball - 6 Billy Beane Quotes To Help Run Your Business!

In “Lessons from Money Ball – 6 Billy Beane Quotes to Help Run Your Business!” featured in the January/February 2019 issue of SIGMA IGM magazine, Insite360’s Richard Browne outlines Oakland A’s legendary vice-president and minority owner Billy Beane’s business strategies and discusses the learnings for managing fuel distribution and convenience store businesses. At the 2018 SIGMA Annual Conference in San Francisco, Beane discussed how he’s used business analytics to arbitrage baseball talent. His success has been chronicled in the best-selling book by Michael Lewis, Moneyball: The Art of Winning an Unfair Game, and the movie based on the book. Baseball, and Business, is all about results. Just like baseball, the results in your business are measurable. Too often we get caught up looking at the wrong things and lose sight of the metrics that really matter – focusing on key performance metrics help us WIN.
Money Ball
Since the iPhone’s launch 10 years ago, handheld computers have become standard issue, all equipment across the supply chain is becoming connected or ‘smart’, and business intelligence from this information enables both real time remote management and greater insights. Today’s management of gas stations, convenience stores and fleets is changing dramatically and implementing cutting edge tools and technology to automate processes and track KPI’s in all areas is no longer an option. Review your core business processes – inventory forecasting and procurement, logistics and dispatch, fuel variance, pricing, and environmental compliance – if you have not challenged the ‘conventional wisdom’ processes that you employed 10 years ago, there are likely some improvements you can make to improve your profitability, inventory management, environmental compliance, or worker safety.
Are you looking at the information that’s available, and using it to create an advantage? …
Have you challenged your team to look at the numbers to discover options to be more effective? …

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