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Drinking from the Fire Hose: Making Smarter Decisions Without Drowning in Information [Hardcover]

Christopher J Frank , Paul F. Magnone
4.7 out of 5 stars  See all reviews (18 customer reviews)

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Book Description

September 1, 2011

You're sitting in a windowless conference room. Twenty minutes into the meeting the presenter finally makes it to slide four of a thirty two- slide deck. At least you can read this one, unlike the others, which were crammed with numbers, graphs and charts. You look around, wondering if anyone else is following the presentation.

Just about everyone these days suffers from information overload the 24/7 explosion from our computers, smartphones, media, colleagues, and customers. Information is essential to making intelligent decisions, but more often than not, it simply overwhelms us. It's like trying to drink from a fire hose.

The question isn't how to stop all those e-mails, meetings, conference calls, and fat reports; that's impossible. The question is what to do with them. How do you find the truly essential nuggets of information and use them with confidence?

The solution proposed by Christopher Frank and Paul Magnone sounds deceptively simple: Learn how to ask the right questions at the right time. Whatever field you're in, asking smarter questions will expose you to new information, point you to connections between seemingly unrelated facts, and open new avenues of discussion with your colleagues.

The authors explain the seven questions that can help you bring a big- picture perspective to problems that often leave others buried in irrelevant details. And they show through real-life case studies- including Trader Joe's, Starbucks, Kodak, Microsoft, iRobot, and IBM-how their method can have a dramatic impact. It really is possible to convert the fire hose of information into useful insights.

Consider a nonbusiness example: the 2010 Icelandic volcano eruption that sent a giant ash cloud toward Europe. Tens of thousands of flights were canceled and five million passengers stranded, leading to billions in economic losses. Europe's best scientists generated oceans of data and carefully modeled the cloud's dispersion pattern. But no one could answer the essential question: Was the concentration of volcanic ash in the air enough to damage a jet engine? Without that key answer, all the carefully gathered facts were useless to the decision makers.

Once you adopt the seven questions, you'll start having more productive brainstorming sessions. You'll answer critical questions faster and find unexpected solutions to important problems. And you'll get better at communicating to your colleagues with more clarity and focus, turning down the fire hose that other people have to cope with.


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Editorial Reviews

Review

“Frank and Magnone have created an insightful and groundbreaking model that will likely be built upon for years to come. As data continues to grow exponentially, useful information remains elusive. The framework presented herein presents a methodology that is critical for separating the knowledge from the noise and then shows how to apply it to make more effective business decisions.”
—John C. Rizzuto, vice president of research, Gartner
 
“Frank and Magnone have done us all a great service in providing seven profound questions that help us reorient our default obsession with data generation and analysis to starting with (and learning to love) data interpretation and meaning. Buy a copy for yourself—read it twice. Then buy a second copy for your boss.”
—Ron Crossland, coauthor of The Leader’s Voice and former vice chair, Tom Peters Company
 
“Frank and Magnone have written a remarkably accessible book that covers all of the core topics to get the most out of your data. Simple enough for MBA students to quickly grasp critical business skills and rich enough to be useful to seasoned managers and business leaders transforming their companies, with clear advice and practical examples.” —Dev Mukherjee, senior vice president, Sears Holdings
 
“This is a provocative, practical, insightful, and timely book. In the new world of data flooding, data and information often exist before the business question is formed. Frank and Magnone cleverly propose a set of important questions one should ask in order to convert data and information into insights and actions.”
—Professor Oded Netzer, Columbia Business School
 
“Too many business leaders are overwhelmed and drowning. If that sounds familiar, this book can be your life raft.”
—Michael Heideman, executive partner, Accenture Japan
 
“Drinking from the Fire Hose cuts through the data babble and gives real-world lessons to help get to the core information that moves business in the right direction. This one will get dogeared for sure.”
—DJ Edgerton, chief executive officer, Zemoga

About the Author

Christopher Frank is a vice president at American Express, where he is responsible for advertising, brand, and business - to - business research. Prior to joining American Express, he spent ten years at Microsoft as a senior director in market research. He is a recipient of the Wall Street Journal Achievement Award.
Paul Magnone is a vice president of business development and alliances at Openet, a global telecommunications software and consulting firm. For twenty-one years, he was previously a senior executive at IBM, where he started and grew four consulting businesses. Both authors live outside New York City.

Visit firehosethebook.com.

Product Details

  • Hardcover: 256 pages
  • Publisher: Portfolio Hardcover (September 1, 2011)
  • Language: English
  • ISBN-10: 1591844266
  • ISBN-13: 978-1591844266
  • Product Dimensions: 6.1 x 1 x 9.2 inches
  • Shipping Weight: 15.5 ounces (View shipping rates and policies)
  • Average Customer Review: 4.7 out of 5 stars  See all reviews (18 customer reviews)
  • Amazon Best Sellers Rank: #417,563 in Books (See Top 100 in Books)

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Customer Reviews

4.7 out of 5 stars
(18)
4.7 out of 5 stars
Most Helpful Customer Reviews
1 of 1 people found the following review helpful
5.0 out of 5 stars FINALLY! September 3, 2011
Format:Hardcover|Amazon Verified Purchase
A must read for those in business dealing with any type of data...the "Seven Fire Hose Questions" help put to rest the daily "firedrills" we find in business as data accumulates, changes, presents and "waits" to be acted upon. Lessons & disciplines that can be drawn upon again & again!
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3 of 4 people found the following review helpful
5.0 out of 5 stars A Hose, by any other name, would not sound as smart September 5, 2011
Format:Hardcover|Amazon Verified Purchase
I consider Drinking From the Fire Hose a "must read" for anyone who either uses data to make decisions, or who provides data, insight, and recommendations for decision makers to use in their decision making.

"Fire Hose" asks researchers and decision makers to step back and siphon the jet stream of data most of us have at our fingertips, and to be parsimonious about which insights we bring to the decision makers we support to help them act confidently. One of my favorite sections was the description of the Customer Impact Assessment (CIA). I've seen versions of this standard used at most great companies with outstanding market research/consumer insights teams. It's a great reminder of questions we should always be asking ourselves as researchers whenever we frame up recommendations.

I've read some of Fire Hoses' predecessors in this "making sense of a data-driven world" genre. "Fire Hose" goes beyond the field, providing an important contrast to books like Ian Ayers' "Super Crunchers" and Stephen Baker's "The Numerati," books whose fascination with the amount of data obscure the importance of analysis in real world application. While these books do fabulous jobs of describing the possible, Frank and Magnone do an equally great job prescribing what is practical. If Ayers' and Baker's approach is the excitable young resident eager to make the most exotic diagnoses; Fire Hoses' is your trusted primary care doctor who gets your diagnosis right because he understands the science of what ails you, and because he's treated the ailment before.

Who is this book for? My guess is that most of the concepts in "Fire Hose" will feel familiar everyone in marketing, marketing research, strategy or consulting. But that few or none of us practice all of the concepts as thoroughly and habitually as we should. For me personally (as a market researcher), I learned a number of new tricks. But at least equally important, I was reminded of some key "rules" that are very familiar, but that I don't follow as religiously as I should. The book has left me energized and re-committed to nailing some of the fundamentals that can separate very good research from great research.
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2 of 3 people found the following review helpful
5.0 out of 5 stars Drinking From The Firehose December 30, 2011
Format:Hardcover
Excellent read no matter how long you've been reviewing data for answers. Breaks down the process into several revealing and manageable techniques to help the user successfully overcome 'drowning in data'. By the end of the book you'll be better at quickly eliminating irrelevant data and leaving it on the 'cutting room floor' and making more productive and insightful decisions.
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Most Recent Customer Reviews
5.0 out of 5 stars GOOD BOOK
These guys talk great sense - it's good to see them speak live too if you get the chance. When most people have too much information, they make it simpler. More of this please! Read more
Published 5 months ago by Kevin R. Duncan
5.0 out of 5 stars It's like anti-bullsh*t
I don't think I've enjoyed a talk as much as I did Frank and Magnone's - not only are they full of anecdotes and horror stories from their wealth of experience in business, but... Read more
Published 5 months ago by A.M. Rubner
5.0 out of 5 stars Practical tips to help you become more effective at asking the right...
I think many people whose work revolves around pulling out meaningful insights from data, often face the risk of something commonly referred to as `analysis paralysis'. Read more
Published 5 months ago by Joanne
3.0 out of 5 stars Average, somewhat outdated
I checked this out from a library and read it as I wasn't sure I wanted to own it from skimming it. There are some average ideas about reducing the data load by asking 7 questions... Read more
Published 8 months ago by Todd
3.0 out of 5 stars an antidote for the pace of life?
There's a scene towards the end of Woody Allen's "Midnight in Paris" in which Marion Cotillard's character complains that everything is going too fast. Read more
Published 11 months ago by Them
5.0 out of 5 stars I wish this was available when I started my first job!
I was at work in an outer office this week and we were talking about the research culture within one of our clients. Read more
Published 12 months ago by brigette
5.0 out of 5 stars This book will make you better at your job
If your job requires using data to understand your market, develop action recommendations and make decisions, Drinking From the Fire Hose will help you stay on course and, to... Read more
Published 16 months ago by Jo-Ann Osipow
5.0 out of 5 stars Must Read
I found this book to provide a clear and concise synopsis of today's current atmosphere of data overload. Read more
Published 19 months ago by LK5645
5.0 out of 5 stars smake marter decisions....
I recently heard about this book, so I picked it up. I am half-way through it and had to write a quick note. Read more
Published 20 months ago by Jake
4.0 out of 5 stars This is the business book you need to read
As business professionals we all face a glut of information, unfortunately including the sheer number of business books out there. Read more
Published 20 months ago by Jack Zaelich
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Aug 30, 2011 by megan mcmanaman |  See all 2 posts
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