Shadow Pricing, Stake Holders, and the Importance of Impact | Business TheoryCrafting 101

Depending on the nature of the project, stakeholders can help choose the most appropriate types of tests, and prioritize them based on functional need. The input/output components of any project are vital to observe, and in so a project manager with knowledge of logic models would be welcomed with open arms. A project manager can also play the role of project evaluator, and the observance of growth without bias is crucial. The semblance of research to other projects must be taken with a grain of salt, and an evaluator must see this in order to judge (and evaluate) properly.

Control groups and 'bad seeds' provide the spread of toxic data, which in turn provide many more answers than not. The inference humans have provides color in the negative space, and the ability to retrieve elements of key data without completely admonishing positive results. Every research project is a yin and yang, it is simply seeing through the dark when you need light, and vice versa. The internet itself is an incredible vital tool in experiencing real stories and absorbing remnants of past data. Few chains of information are more accurate and vital than spoken word from a truthful and logical thought. The process of seeking help with management and research can be expedited by internet research, and trust in the evolution of communication technology. Instrumentation in research is key, if you want to start a business, you must know how to read logic models and recognize flow. The upward motion of a chart can be inferred to carry on beyond the seen coordinates, the is a combination of confirmation bias, logic formalities and the pre-conception of mathematics most everyone is taught in school; upward (or forward) motion with no inertia-tic force or gravitational pull will keep going...One must also understand the politics and ethics involved with any new project or business venture. Bureaucracies will always attempt to under hand businesses, and attain an iron fist around the base of profit.

It is key to create guidelines for yourself, and make sure that capital is the least cared for element of your venture, and that the data and substance produced is what is sought. To avoid the politics of the world, one must create an undeniable product. Internal Review Boards exist (such as the Better Business Bureau etc...)The utilization of focus groups for case studies can also be very useful. Finding the opinion of people all the while compensating them allows for a more natural reaction, and in turn more accurate (and true to life) results. It is key understanding the different types of case studies, usually branched into 3 sects: linear, grounded, process oriented. The more grounded theory which researchers use provides the most accurate data as the least inference is needed, it is more a statistical analysis between populations (or test subjects) and provides numerical value to growth. The combination of results provides waves of consistency and negatives within results, this is best used for much larger populations of data as blends can create patterns.

If the sample size is too small, combining may erase crucial (and much smaller) components. Developing useful recommendations is completely based on prior data. Experience and usage with particular subjects and methods is a requirement for recommendation, otherwise it would be empty. A lack of true 'A.I.' requires human counterparts for evaluations, and in these evaluations 'shadow prices' are at times created. A shadow price is the inference of intangibles, and giving a market price to something which has no market. In essence every product has a shadow price before hitting the public, it is simply a matter of reaching out and matching a reasonable number to the product's value. All of these components are worth looking at, as a part of each of them is vital in creating a broad scope for any future projects.

*This was an abridged version of a thesis I wrote on project planning and evaluation. Thanks for reading!

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