Comment 0. As a CEO, there's always an endless list of things that all seem to need urgent attention. Circumstances, customers, employees, board members, and many other sources of pressure clamor to elevate their personal favorites on your priority list.
A rule of thumb is a guideline that provides simplified advice regarding a particular subject. It is a general principle that gives practical instructions for accomplishing or approaching a certain task. Typically, rules of thumb develop as a result of practice and experience rather than from scientific research or theory.
Over the past decades developed market exchange rates have displayed two important regularities. First, real exchange rates nominal exchange rates adjusted for domestic price trends have been mean reverting. Second, the mean reversion has predominantly come in form of nominal exchange rate trends. Hence, a simple rule of thumb for exchange rate trends can be based on the expected re-alignment the real exchange rates with long-term averages over years.
This toolkit focuses on the design of rules of thumb ROTssimple, actionable guidelines that can help consumers with financial decision-making. If designed well, they are easy for consumers to remember and clearly communicate the action required. Rules of Thumb Toolkit This toolkit focuses on the design of rules of thumb ROTssimple, actionable guidelines that can help consumers with financial decision-making.
Rules of thumb apply a few simple rules and ratios to key performance indicators. They can be executed as they are. This section describes how to define rules of thumb and how to use them to analyze performance data.
Customers, employees, board members, circumstances, and many other sources of pressure compete for space on your priority list. It took me a while to learn how to isolate the few things that deserve focus. Along the way I created a simple three-part prioritization framework that helps me a lot.
Similarly to coin, each decision has its top and bottom. And the middle. Starting my new role as a Principal Designer, I see myself in a lot of situation where I need to make important decisions.
A rule of thumb is a means of estimation made according to a rough and ready practical rule, not based on science or exact measurement. The 'rule of thumb' has been said to derive from the belief that English law allowed a man to beat his wife with a stick so long as it is was no thicker than his thumb. InJudge Sir Francis Buller is reported as having made this legal ruling and in the following year James Gillray published a satirical cartoon attacking Buller and caricaturing him as 'Judge Thumb'. The cartoon shows a man beating a fleeing woman and Buller carrying two bundles of sticks.