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You may know that in addition to my work on innovation and creativity , I work as a professional Project Manager. As I’ve just finished leading an 18-month project, I am reflecting on how project management and leading teams is changing as Artificial Intelligence becomes more common in the workplace. Let’s dive in.
Which examples should you use to inspire your team? Avoid Overused Innovators There are countless stories of groundbreaking innovators, but some examples might not resonate with your audience as effectively as others. People relate deeply to other peoples stories.
What is a Project Charter? A project charter is defined as a formal document that provides an overview of a project's objectives, scope, stakeholders, deliverables, timeline, and other key elements.
This new management method makes it nearly impossible for innovation teams to fail at delivering multiple challenging innovation projects faster, with less risk and lower required budgets. Most innovation experts often say that traditional management processes are not the way to run innovation projects. And this is true.
Great dashboards lead to richer user experiences and significant return on investment (ROI), while poorly designed dashboards distract users, suppress adoption, and can even tarnish your project or brand. Download the Definitive Guide to learn why dashboard design matters, and how to do it well.
Gap Analysis: A Practical Guide for Strategy Projects Gap Analysis is a structured framework used to evaluate the difference between an organizations current performance and its desired future state. This analysis is widely used across industries, from business operations and project management to human resources and product development.
Table of Contents What is a Project Management? Project management is defined as a structured and disciplined approach to planning, organizing, and overseeing the successful completion of a project. A project is a temporary endeavor with a specific goal, a defined timeline, and allocated resources.
Discovery Driven Planning: A Practical Guide for Strategy Projects Discovery-Driven Planning (DDP) is a strategic approach designed for uncertain, high-risk initiatives , where traditional planning methods may not be effective. Innovation-driven projects. Make data-driven decisions , rather than relying solely on projections.
Kotler’s Pricing Strategy: A Practical Guide for Strategy Projects Kotlers Pricing Strategy , developed by Philip Kotler , is a comprehensive framework that helps businesses determine the most effective pricing model to maximize revenue, market share, and competitive positioning. Lead Successful Strategy Projects!
Speaker: David Bard, Principal at VP Product Coaching
In the fast-paced world of digital innovation, success is often accompanied by a multitude of challenges - like the pitfalls lurking at every turn, threatening to derail the most promising projects. Gain inspiration from real-world success examples from top digital companies, offering invaluable insights into their winning strategies.
Kays Distinctive Capabilities Framework: A Practical Guide for Strategy Projects Kays Distinctive Capabilities Framework , developed by John Kay , is a strategic model that helps organizations identify and leverage their unique competitive advantages. Lead Successful Strategy Projects! What is Kays Distinctive Capabilities Framework?
Triple Bottom Line: A Practical Guide for Strategy Projects The Triple Bottom Line (TBL) is a strategic framework that expands the traditional measure of business success beyond financial performance. Lead Successful Strategy Projects! What is a Triple Bottom Line Framework? Enhance brand reputation and stakeholder trust.
Hedgehog Model: A Practical Guide for Strategy Projects The Hedgehog Model , developed by Jim Collins in his book Good to Great , is a strategic framework that helps organizations find their core focus and achieve long-term success. Lead Successful Strategy Projects! What is the Hedgehog Model?
Value Disciplines Model: A Practical Guide for Strategy Projects The Value Disciplines Model , developed by Michael Treacy and Fred Wiersema , is a strategic framework that helps organizations identify and pursue a distinctive competitive strategy. Lead Successful Strategy Projects! What is the Value Disciplines Model?
Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.
Key Performance Indicators (KPIs): A Practical Guide for Strategy Projects Key Performance Indicators (KPIs) are quantifiable metrics that measure an organizations progress toward achieving strategic objectives. Lead Successful Strategy Projects! What is the Key Performance Indicators Framework?
CAGE Distance Framework: A Practical Guide for Strategy Projects The CAGE Distance Framework is a strategic tool that helps organizations assess the challenges and opportunities of international expansion. For example, Netflix tailors its content library and user experience based on cultural and regulatory differences in each country.
Balanced Scorecard: A Practical Guide for Strategy Projects The Balanced Scorecard (BSC) is a strategic management framework that helps organizations translate their vision and strategy into measurable performance objectives across multiple perspectives. Lead Successful Strategy Projects! What is a Balanced Scorecard?
GE McKinsey 9-Box Matrix: A Practical Guide for Strategy Projects The GE McKinsey 9-Box Matrix is a strategic portfolio management tool that helps organizations assess and prioritize their business units, product lines, or investment opportunities. Lead Successful Strategy Projects! What is the GE McKinsey 9-Box Matrix?
Hambrick & Fredrickson’s Strategy Diamond: A Practical Guide for Strategy Projects Hambrick & Fredricksons Strategy Diamond is a comprehensive framework that helps organizations define and communicate their strategy clearly. Lead Successful Strategy Projects! What is Hambrick & Fredrickson’s Strategy Diamond?
OGSM Strategy Framework: A Practical Guide for Strategy Projects The OGSM Strategy Framework (Objectives, Goals, Strategies, and Measures) is a structured strategic planning tool used by organizations to clarify vision, set priorities, and ensure execution. Lead Successful Strategy Projects! What is OGSM Strategy Framework?
Key Outcome Indicators: A Practical Guide for Strategy Projects Key Outcome Indicators (KOIs) are high-level performance metrics that measure the effectiveness and impact of strategic initiatives. Lead Successful Strategy Projects! For example, in a customer service strategy : KPI: Reduce customer response time by 30%.
Five Forces Model: A Practical Guide for Strategy Projects The Five Forces Model , developed by Michael Porter , is a strategic framework that helps organizations analyze the competitive forces shaping an industry. Lead Successful Strategy Projects! What is the Five Forces Model? Optimize pricing, supply chain, and product development.
Objectives & Key Results (OKR): A Practical Guide for Strategy Projects Objectives & Key Results (OKR) is a goal-setting framework used by organizations to define clear objectives and track measurable results. Lead Successful Strategy Projects! What is the Objectives & Key Results (OKR) Framework? quarterly, annually).
Contingency Planning: A Practical Guide for Strategy Projects Contingency planning is the process of proactively preparing for potential risks, disruptions, or crises that could impact an organizations operations, strategy, or financial stability. For example, Microsofts contingency planning includes : Cloud-based disaster recovery systems.
Scenario Planning: A Practical Guide for Strategy Projects Scenario Planning is a strategic methodology that helps organizations anticipate and prepare for potential future uncertainties. Lead Successful Strategy Projects! For example, Teslas scenario planning focuses on : The future of self-driving technology and regulations.
Critical Success Factors: A Practical Guide for Strategy Projects Critical Success Factors (CSFs) are the key areas of performance that are essential for an organization to achieve its strategic objectives. Lead Successful Strategy Projects! What are Critical Success Factors? Improve decision-making by focusing on what truly matters.
Unique Selling Proposition: A Practical Guide for Strategy Projects A Unique Selling Proposition (USP) is a distinct and compelling reason why a customer should choose a product or service over competitors. For example, Dominos Pizzas USP : You get fresh, hot pizza delivered to your door in 30 minutes or less or its free.
First Mover Advantage: A Practical Guide for Strategy Projects First Mover Advantage (FMA) is a strategic concept where a company gains a competitive edge by being the first to enter a new market or introduce a groundbreaking product or service. Lead Successful Strategy Projects! What is the First Mover Advantage?
Core Competence Analysis: A Practical Guide for Strategy Projects Core Competence Analysis is a strategic framework used to identify an organizations unique strengths that provide a competitive advantage. For example, Apples core competencies include innovative product design, seamless software integration, and a strong brand ecosystem.
SMART Metrics: A Practical Guide for Strategy Projects SMART Metrics are a structured approach to goal setting and performance measurement that ensures objectives are clearly defined, actionable, and measurable. For example, Tesla uses SMART Metrics to track production output, battery performance improvements, and global EV adoption rates.
Strategy Map: A Practical Guide for Strategy Projects A strategy map is a visual representation of an organizations strategic objectives and how they interconnect across different business functions. Lead Successful Strategy Projects! For example, Amazons strategic objectives may include: Financial: Expand AWS revenue streams.
Hoshin Planning System: A Practical Guide for Strategy Projects The Hoshin Planning System , also known as Hoshin Kanri , is a strategic planning methodology that aligns an organizations long-term vision with day-to-day operational execution. Lead Successful Strategy Projects! What is Hoshin Planning System?
This article will define crowdsourcing, explain how it differs from outsourcing, and showcase real-world examples of how businesses are using it effectively. Examples of Crowdsourcing in Action Now weve given the definition of crowdsourcing, the natural next question is, how can businesses use it effectively?
Go-to-Market Strategy: A Practical Guide for Strategy Projects A Go-to-Market (GTM) strategy is a structured plan that defines how a company will introduce a product or service to the market, attract customers, and achieve a competitive advantage. Lead Successful Strategy Projects! What is a Go-to-Market Strategy?
Values Statement: A Practical Guide for Strategy Projects A values statement is a declaration of an organizations core principles and ethical standards that guide its behavior, decision-making, and culture. For example, Googles core values include: Focus on the user, and all else will follow. Lead Successful Strategy Projects!
Purpose Statement: A Practical Guide for Strategy Projects A purpose statement is a clear and concise declaration that defines an organizations fundamental reason for existence beyond making a profit. For example, Patagonias purpose statement is: Were in business to save our home planet. Lead Successful Strategy Projects!
SWOT Analysis: A Practical Guide for Strategy Projects SWOT Analysis is a strategic planning framework used to evaluate an organizations internal strengths and weaknesses as well as external opportunities and threats. Lead Successful Strategy Projects! What is a SWOT Analysis? What strategic goals are we trying to achieve?
SOAR Analysis: A Practical Guide for Strategy Projects SOAR Analysis is a strategic planning framework that helps organizations leverage their strengths, identify opportunities, define ambitions, and measure results to drive growth and success. What is SOAR Analysis? What strategic goals are we trying to achieve?
For team leaders, company directors, project managers , innovators and senior leadership, understanding the stages of AI maturity is essential for harnessing its power to drive innovation and efficiency. AI for project managers Important: Want to get FREE access to my curated list of the top 65+ A.I. in their work.
Many innovations in the arts, music, and entertainment came about through serendipity, experimentation or just “messing about” Here are eight examples. For example, the “Vertigo Effect” in Alfred Hitchcock’s film Vertigo was created unintentionally during filming. The Slow-Motion Effect in Film.
Strategy Uncertainty Map: A Practical Guide for Strategy Projects A Strategy Uncertainty Map is a structured framework used to assess and manage uncertainties that could impact an organizations strategic decisions. What is a Strategy Uncertainty Map? Develop flexible strategies Create contingency plans for multiple scenarios.
Competitive Landscape Analysis: A Practical Guide for Strategy Projects What is Competitive Landscape Analysis? For example, a renewable energy company might use Competitive Landscape Analysis to track government incentives, emerging battery storage technology, and new market entrants , ensuring its long-term competitiveness.
Competitive Analysis: A Practical Guide for Strategy Projects What is Competitive Analysis? For example, an e-commerce company conducting Competitive Analysis may identify a gap in fast, low-cost shipping options that competitors have not yet optimized. What is Competitive Analysis?
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