The book of money ball

The keep back of money ballMain points of the trainingThe obligate of Money ball is mainly concern with the idea of explaining appearance the Oakland Athletics (Oakland As), one of the poorest police squads in baseball, win so many a(prenominal) another(prenominal) games in 2002.The main character of the ledger, is nightstick Bean, the manager of the Oakland As. measurey with the divine service of his benefactor capital of Minnesota DePodestas and inspire by Bill James tries to call up expressions to rethink the game of baseball and build new knowledge that dishs as a basis to invoice the baseball players and determine their respective value. billy club wanted to falsify the way traditional baseball has been thought until this moment. He hired Paul DePodestas, a Harvard economics graduate a and mathematician, with his help, or so(prenominal) started analyzing statistics of baseball to decide which players atomic number 18 the most undervalued.The Scouts black marketency was to analyze players for what they could imbibe with their own eyes and predict their future (including the way they physically front. Ex Jeremy Brown), in the oppositewise hand Billy and Paul thought that a player is not what he physically looks uniform or what they mightiness become in the future, but rather, the players argon what they have done.Billys first meeting to knowledge baseball was in 1993, when he joined the front section of the Oakland As manage by Sandy Alderson (an educated lawyer from San Francisco). Anderson with the help of Erik Walker and inspired by Bill James began to analyze and rede the knowledge of baseball.Bill James is considered the father of Sabremetrics (The study of virtue and truth of baseball), he started publishing since 1997 the Baseball Abstract, where he included statistical teaching of baseball. James thought that courting things was the only way to deduct the truth in baseball, he wanted to change the way baseball sta tistics where measure today, they were one time established by a British diary keeper called Chadwick. James created a model to predict how many runs each team makesThis model was focus in the value of walks and extra base hits, rather of batting average and stolen basis. Bill James also concluded that college players argon a better investment than high school playersIn 1983 Bill James also described the law of competitive labyrinthine sense in his baseball abstract 1.-E really form of strength covers one weakness and create another, every form of strength is also a form of weakness, 2.-The balance of strategies evermore favors the team behind, 3.-Psychologytends to pull winners down and push the losers upward.There were other people interested in baseball, which also focus in the military rating of the sport. Cramer and Palmer also created another model. Cramer demonstrated that baseball players didnt perform different in different circumstancesPau fund two statics that correlat ed mostly in a winning percentage that is based in the on base-percentage and the slugging percentage. He concluded that an extra point of the on-base percentage is worth more than 3 times an extra point of slugging percentage. This helped pronounce the offense.The method to analyze the denial arose from financial market. Mauriello and Armbruster created a method evaluated the defense by quantifying every event. The Oakland As got the system and analyze it pitfalls to understand in a better way the value of the defense. With all this new knowledge, they changed the loos of Damons defense with more offense.The knowledge help Billy and Paul realized that if they could not afford a player, they could replace it by recreating its aggregate.Another strategy that the team made was to replace Giambi with Hatterberg, who later on in 2002, became the best offense in baseball. Hatterberg believe that every hitter had a weakness that requires to be found.Another important transgress of Billys success, was his ability to trade. The Oakland As had a strategy for the second half of the season, that dwell in the acquired of players whose price declined due to the reduce in cost of other teams who had lost. Billy had 5 principle rules in trading that he always applied Change is always good, the day you say you have to do slightlything you are screwed, beca practise you are going to make a deal, Know scarcely how much every player worth, Know what you want and go later on it, Every deal pass on be criticize by popular opinion.Billy Bean made other changes and trades, like replacing Giambi by his brother Jeremy, trading with Omar Minaya, the Montreal Expos General Manager ( Arrojo, Seung-jun Song and Youkilis-The god of Walks).The book also mentions the story of Chad Branfords to introduce a way of analyzing pitchers. Branford was an undervalue player. Paul started being interested in him after reading the work of Voros McCracken (A paralegal in Chicago) who analy ze baseball statics and came up with a measure called DIPS (defense autarkic pitch statics) to analyze pitchers.In the fixity season of 2002 the As won 103 games in the Ameri faecal matter League western. This showed that even with the lowest payroll a team asshole become successful. Billy bean and his new steering style in baseball changed the way baseball organization is managed.The regular season of 2002 the As won 103 games in the American League West this proved that even though the players with the lowest payroll can do the best players if they know how to choose. Billy Bean and his new management style, change the way organizations are being managed. An example of this is the Blue Jays and Red Sox, who pick out the Sabremetrics science.Practical implicationAs seen in the course, Jeff Hawks define intelligence as predictions, then care intelligence can be describe as the use of the data to better predict the future. We can see done and through Moneyball that Bill Ja mes, Billy Bean, Paul DePedesta and some others have used stemma intelligence to understand and predict the future of their players in the baseball game.The book demonstrate that organizations with a data-driven culture and the use of backup intelligence (BI) tools are able to create a competitive advantage. Taking the book like a basis we can see how Billy Bean went through a passage of rational decision making that along with the use of BI applications led the Oaklands to succeed. The rational decision process that he followed was the spare-time activityIdentify a puzzle.-The Oakland As cannot afford recognize player, but they need to find ways to succeedThink up alternative solutions.-Look for players that can create value for the teamEvaluate alternatives and select a solution.-Find the KPI or indicator that gives the best on base percentage and slugging percentage (measures to evaluate baseball)The process of rational decision making along with quantitative tools can be us ed by many enterprises to become more competent and change their performance finding valuable indicators to analyze their resources. The book shows how Billy Bean changes the subjective abridgment to an objective one.Two important aspects of the book and lessons can be applied to any kind of business and industriesIt is very important to take into account the informations that is hidden behind the business and find the data that give led to generate knowledge.Business change is many times very difficult and complicated. Is hard for enterprises to change their habits and way of doing things.The problem that many enterprises are facing nowadays is that we as people tend to relay in rules of thumbs, habits or traditions instead of finding ways to improve their organizations and to obtain knowledge through our data. Even though these organizations are loath(p) to change, every time is more evident that change is imperative and analysis of the data will avoid subjective thinking and will set about success.Due to the advance in technologies there has been and increment in the touchstone of tools in the market that help to create analytics and business intelligence, this makes it easier for more organizations to fulfil the idea behind the Moneyball book.The future of business intelligence is very promising, many industries like health care, government, education and many more starting to understand the benefits of this tools and the importance of acquiring new type of knowledge.Based in a news article (Gartner Reveals quintuple Business Intelligence Predictions for 2009 and Beyond, 2009) the future of business intelligence is expected to be as followedBy 2010 20% of the organizations will have a BI tool.Trough 2012 there is an estimated of more than 35% of the top 5,000 global companies, will falter in the decision process due to a lack of BI tools.By 2012 the budget parceling for business intelligence tools will be at least of 40%Opinion and commentsThe bo ok of Moneyball is really interesting and made me reflect a lot. Even though it is a little bit technical and some parts where hard to understand, the book broadens my perspective of the importance of using data and business intelligence as a resource to understand some hidden aspects of business without matter what type of industry business are in.I believe that now that I am on my coda semester of my MBA and Im about to enter a professional world, it is really important to be aware of the benefits that statistics and analytical tools bring in a business environment. This awareness, will help me focus on the aspects of business intelligence, mainly the data collection and statistic and quantitative analysis to create KPI that help in the measure of business performanceThe book left on me the desire to analyze something new, to look for patterns in everything around me, in an effort to understand the world with a different perspective and create a change in peoples life.In God we trust all others must bring data. W. Edwards DemingWorks CitedGartner Reveals Five Business Intelligence Predictions for 2009 and Beyond. (2009, 01 15).Lewis, M. M. (2003). Moneyball The Art of Winning an Unfair Game. New York.