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Assumption Quote by Russell L. Ackoff

“The future is better dealt with using assumptions than forecasts.” quote by Russell L. Ackoff
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“The future is better dealt with using assumptions than forecasts.”

Russell L. Ackoff

About This Quote

Source Book: Recreating the Corporation, 1990

Using assumptions to guide decisions is more practical than relying on precise forecasts, which are often unreliable.

In simple terms: Assumptions help more than forecasts.

Key Takeaway

Base decisions on plausible assumptions.

Themes

decision making strategy uncertainty

Mood

analytical pragmatic

Type

strategic educational

When to use this quote

  • business strategy
  • policy development
  • project planning
  • investment analysis

Key Concepts

systems thinking scenario planning risk management

Questions to Reflect On

  • What assumptions are you making?
  • How can you test their validity?
A Different Perspective

Assumptions can be biased, leading to flawed plans.

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