George Ambler explores the language around strategy, analysis, decision making and action. There are plenty of salient points including 'Analysis Paralysis' and 'The Paradox of Choice'. George wraps things up by saying
The underlying principle is that: Simplicity allows people to act. A set of clear rules and principles to guide action towards the vision provide the necessary simplicity require to move people from vision to action…
My own feeling is that language is one component of action, but others may well include, but not be limitied to;
- Opportunity cost
- Specific relationships
- Broader context and memes
- Individual expectations
Naturally, I'll deliberately leave econometrics off the list 😉
