Opportunity Identification
Opportunities to improve market share, revenues and profitability are often fleeting. Take advantage of them now or you will let them pass you by. One of the challenges with identifying opportunities for your company is that an internal perspective can prevent you from 'seeing the forest for the trees'. 3rd Perspective gives you an 'outsider's' view of your organization which allows you to uncover new opportunities or see existing opportunities in a different way.
There are two types of opportunities: internal, which improve operations and profitability; and external, which heighten market capabilities and generate revenue. External opportunities are uncovered through Market Research and Analysis while internal opportunities are discovered through a Business Process Review.
Evaluating Your Opportunities
Do I invest in that new technology now? Or do I wait until it becomes more affordable?
When faced with mutually exclusive alternatives, you need a way to evaluate and compare your choices. When we research and examine the potential opportunities for your organization, we will also evaluate the attractiveness of that opportunity. Different from the standard approach which always looks at the best case of an opportunity, 3rd Perspective uses a methodology for evaluating an opportunity which involves comparing value (cost-benefit) to the risks associated with undertaking that opportunity. This is the concept of Expected Value (Learn more about the concept of Expected Value).
Opportunities to improve market share, revenues and profitability are often fleeting. Take advantage of them now or you will let them pass you by. One of the challenges with identifying opportunities for your company is that an internal perspective can prevent you from 'seeing the forest for the trees'. 3rd Perspective gives you an 'outsider's' view of your organization which allows you to uncover new opportunities or see existing opportunities in a different way.
There are two types of opportunities: internal, which improve operations and profitability; and external, which heighten market capabilities and generate revenue. External opportunities are uncovered through Market Research and Analysis while internal opportunities are discovered through a Business Process Review.
Evaluating Your Opportunities
Do I invest in that new technology now? Or do I wait until it becomes more affordable?
When faced with mutually exclusive alternatives, you need a way to evaluate and compare your choices. When we research and examine the potential opportunities for your organization, we will also evaluate the attractiveness of that opportunity. Different from the standard approach which always looks at the best case of an opportunity, 3rd Perspective uses a methodology for evaluating an opportunity which involves comparing value (cost-benefit) to the risks associated with undertaking that opportunity. This is the concept of Expected Value (Learn more about the concept of Expected Value).
