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Money Ball Business Learnings

The movie ‘Moneyball’ is a fascinating example of Adaptive Leadership style. In this


movie, Billy Beane (acted by Brad Pitt) took on the system fearlessly. He diagnosed the
problem as adaptive challenge & not as a simple technical one. In his words he said we
will ‘adapt or die’. This film inspires us to solve unique problems in a smart, intense and
interesting way.
'Moneyball' unfolds the super power of Predictive Analytics, features the coach using team
analytics to assemble a competitive baseball team that wins 20 consecutive games.
Moneyball tells us that Data can save you money! Moneyball shows us the application of
data to management decisions.
The best lessons learnt from the movie:
1. Hiring & Developing the Talent - Leaders are good at recognizing the talent in front of them.
Spotting and hiring the right talent is a critical skill of leaders. This shows that the first job of
a leader is to get the right people on the bus and the wrong people off the bus.
2. Talent doesn't come with money - Every hire that the baseball team did, they hired the right
talent rather than hiring person by paying highest package. Same goes for companies. Hire
people who believe in the idea and who have potential.
3. Ask the right Questions - Leaders are able to get to the real issues because they ask the right
questions. Defining problems (by asking the right questions) is a critical business skill.
4. Challenge the Status Quo - Leaders challenge old mindsets and push the organization out of
its comfort zone. It requires tough honest conversations with those that don’t see or agree
with the strategy. Same old thinking results in same old results.
5. Connect with the Team - Leaders are empathetic. They connect as individuals across their
team. They hold themselves accountable for team morale and frequently communicate to
keep it high, positively pushing their team to achieve more.
6. Adapt or Die - The dynamic and evolving business trends are demanding the Management /
HR functions to be bold, courageous, and innovative to be able to add value to their
businesses.
7. Always be Ready to Learn & Improve - Billy learned new ways to select players from Peter
at the same time Peter learned how to fire players from Billy.
8. Innovate & Simplify - Billy always simplified issues. Peter worked on complexity part of
analysing players (innovative way) and wrote an algorithm to build year on year projection.
This complex algorithm simplified things for Billy so that he could choose players based on
one number, exclusively on their on-base percentage (OBP).
9. Experience is not always right - Brad Pitt had to fight hard with coach and scouts who were
against this Sabermetrics approach of scouting players. Sometimes traditional methods are
not right. Entrepreneurs should be willing to devise better strategies. Try out new
approaches.

Billy’s secret was superior management & adaptive leadership. He employed evidence-
based, validated statistics to measure the skills that directly mattered to performance
and baseball has never been the same. Billy recognized adaptive challenges and was
courageous in his attempts to solve them.

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