Tag Archives: Occam’s Razor
Occam’s Razor for Managers
Occam’s Razor is a principle that suggests starting with the simplest explanation when trying to figure something out. It is like the ultimate “keep it simple” rule for decision-making. This principle, coined by William of Ockham, a thinker from the 14th century, emphasizes the importance of cutting out unnecessary complications. While the simplest answer may…