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04 (083-102B) chapter 4  1/29/02  4:50 PM  Page 87






                               Interpreting the Results                                    87


                               half an hour before you leave your desk to put it down on paper—
                               nothing fancy, just a hastily sketched chart or a few bullet points
                               will do. This exercise will help you push your thinking. Whether
                               you use that chart or not, once you’ve drawn it, you won’t forget
                               it. Otherwise, the brilliant insight you had this morning might get
                               lost by the time you lock up your desk tonight.
                                   Don’t make the facts fit your solution. You and your team may
                               have formulated a brilliant hypothesis, but when it comes time to
                               prove or disprove it, be prepared for the facts and analyses to
                               prove you wrong. If the facts don’t fit your hypothesis, then it is
                               your hypothesis that must change, not the facts.




                               LESSONS LEARNED AND IMPLEMENTATION
                               ILLUSTRATIONS
                               When interpreting your analyses, you have two parallel goals: you
                               want to be quick, and you want to be right. Obviously, these two
                               goals are sometimes in conflict. It’s usually worth taking an extra
                               day if that will make the difference between getting the right
                               answer and the wrong one. However, as we discussed in Chapter 2,
                               there’s probably little point in spending an extra week to go from
                               three decimal places of accuracy to four.
                                   The results of our survey of McKinsey alumni led us to draw
                               the following conclusions about data interpretation:

                                   • Always ask, “What’s the so what?”
                                   • Perform sanity checks.
                                   • Remember that there are limits to analysis.

                                   Always ask, “What’s the so what?” When you put together
                               your analysis plan (as we discussed in Chapter 2), you were sup-
                               posed to eliminate any analyses, no matter how clever or interest-
                               ing, that didn’t get you a step closer to proving or disproving your
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