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Sun Tzu
The key to achieving victory in battle is to carefully consider and weigh all the potential factors and variables at play. Sun Tzu is emphasizing the importance of strategic thinking and planning in order to achieve success. In this quote, he is outlining a hierarchical relationship between different concepts, with measurement being the foundation, and victory being the ultimate goal. By carefully measuring and calculating the various factors involved, a military commander can make informed decisions and balance the chances of success in order to achieve victory.
Data is the foundation of business; estimation of quantity is based on data; calculation is based on estimation; decision making is based on calculation; and success is based on good decision making.
In business, we emphasize the importance of data and careful analysis in the decision-making process. By gathering and analyzing data, businesses can make informed decisions and balance the risks and opportunities in order to achieve success. This is because data provides a solid foundation for making decisions, and by carefully estimating and calculating the potential impacts of different actions, businesses can weigh the pros and cons and make the best possible decision. In other words, just like in the original quote, measurement, estimation, calculation, and balancing of chances are all crucial steps in the process of achieving success in the business world.