The problem is externalities -- both positive and negative externalities affect ...

		ihsw2 on Dec 5, 2017 \| parent \| context \| favorite \| on: Is there data on the quality of management decisio... The problem is externalities -- both positive and negative externalities affect the outcome and it is basically impossible to determine whether an outcome occurred due to management decision or due to an externality (eg: revenue growth due to successful execution or revenue growth due to changing business cycles).

Couldn't agree more. It's really hard to pinpoint the exact cause of such an outcome.