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Gap Analysis: A Practical Guide for StrategyProjects Gap Analysis is a structured framework used to evaluate the difference between an organizations current performance and its desired future state. Gap Analysis in Strategy Without a structured approach, organizations risk making decisions based on assumptions rather than data.
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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.
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Most innovators don’t have a technical background, so it’s hard to evaluate the truth of the situation. And unless they have a tech background, they can’t look under the hood themselves. The answer is to engage a trusted outside source for a TechnicalReview – a deep-dive assessment that provides a C-suite perspective.
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Mullin’s Seven Domains Model: A Practical Guide for StrategyProjects The Seven Domains Model , developed by John Mullins , is a strategic framework designed to help entrepreneurs, business leaders, and investors evaluate the viability of a new business venture or strategic initiative. Lead Successful StrategyProjects!
GE McKinsey 9-Box Matrix: A Practical Guide for StrategyProjects 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. Identify high-potential business units and prioritize growth strategies.
SWOT Analysis: A Practical Guide for StrategyProjects SWOT Analysis is a strategic planning framework used to evaluate an organizations internal strengths and weaknesses as well as external opportunities and threats. Key benefits include: Enhances decision-making Helps organizations develop well-informed strategies.
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Defining Your Business Strategy Think of your business strategy as your GPS, directing you to your future success. Here’s how to get your strategy in tip-top shape: Mission Statement : What’s your reason for waking up every morning? Swing by our piece on using innovation to drive business strategy development.
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And the biggest drop is in what proportion of projects will be for transformational innovations. This may upset a lot of startups or innovation teams who feel like it is their duty to look to the future and pull their company into new disruptive technologies. However, it might be the right thing to do.
S-Curve Mapping is a strategic innovation tool used to understand the evolution and performance trajectory of technologies, products, services, or entire industries. By mapping where a product or technology lies on the S-curve, organizations can better allocate resources, decide when to innovate, and anticipate market transitions.
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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.
I keep telling clients: just because a new AI tool is exciting, DO NOT GIVE IT ACCESS TO YOUR COMPANY DATA without proper duediligence. In the fast-paced world of business technology, AI tools promise efficiency and innovation. And if youre managing multiple people on projects, the lure is even stronger.
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Disruptive Innovation is not just about technological breakthroughs. This framework helps innovation leaders recognize potential game-changers early and develop strategies that respond proactively to emerging threats and opportunities. Experiment with alternative distribution, pricing, or engagement strategies.
Why do this without the right technical advisor? Just like attorneys, technical advisors can help navigate waters that many find murky. Actually, many startups need two kinds of technical advisors. CTO Founder – Do they really still need a technical advisor? Strategy can be had on a part-time basis.
A Business Case is a structured document or presentation that evaluates the merits of a proposed project or initiative. A well-developed business case provides stakeholders with the information needed to make informed decisions about whether to move forward with a project. Leadership is reviewing proposals for capital investment.
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Traditionally used in manufacturing and operations to track metrics like production time, cost efficiency, and quality, benchmarking has evolved into a broader innovation and strategy tool. It now applies across business functions, including customer service, technology, marketing, supply chain, and product development.
You must be aware of these to effectively integrate AI into your change management strategies: Data Quality and Privacy : AI’s effectiveness depends on the quality of the data it processes. Technology Integration : Integrating AI tools with existing systems can be complex. Lead Successful Change Management Projects!
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