Assumption Quote by Russell L. Ackoff
“The future is better dealt with using assumptions than forecasts.”
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.
Base decisions on plausible assumptions.
Themes
Mood
Type
When to use this quote
- business strategy
- policy development
- project planning
- investment analysis
Key Concepts
Questions to Reflect On
- What assumptions are you making?
- How can you test their validity?
Assumptions can be biased, leading to flawed plans.