Evidence-based management is an emerging movement to explicitly use the current, best evidence in management decision-making. Its roots are in evidence-based medicine, a quality movement to apply the scientific method to medical practice.
Principles of Evidence-Based Management
- Face the hard facts, and build a culture in which people are encouraged to tell the truth, even if it is unpleasant.
- Be committed to "fact based" decision making — which means being committed to getting the best evidence and using it to guide actions.
- Treat your organization as an unfinished prototype — encourage experimentation and learning by doing.
- Look for the risks and drawbacks in what people recommend — even the best medicine has side effects.
- Avoid basing decisions on untested but strongly held beliefs, what you have done in the past, or on uncritical "benchmarking" of what winners do.
(Don't believe them unless there is a link to a study)
- Performance based bonuses are ineffective (1) (2)
- Stable membership is a hallmark of effective work teams (3)