Business Modeling: Should It Be Precise, Accurate, Or Relevant?

www.youtube.com/watch?v=PGNMFbjN2bQ In a recent professional
forum, we had a great, interactive discussion about the importance
of relevance, accuracy, and precision in business modeling. In this
case, the business model used Activity-Based Cost principles. Over
the years, Ive observed discussions become very heated when, in
reality, the participants were in agreement on over 90% of
the