Portfolio Development
"More often than not, strategy is about knowing what NOT to do."
Bringing strategy to life requires a process for selecting a portfolio of initiatives that maximizes your chance for success. This necessarily involves hard decisions, because the organization doesn't have an unlimited budget or resources to accomplish all of the potential opportunities. Developing the portfolio means that senior management must constantly make decisions about what to do and more importantly, what NOT to do.
This approach is analogous to developing a financial portfolio, where you purchase a variety of stocks, bonds, etc. in order to minimize risk and maximize your return on investment. But how do you know what initiatives to undertake?
Portfolio Scorecard
3rd Perspective can help you make the hard choices. By developing a strategic Portfolio Scorecard, we create for you a method of quickly evaluating potential and existing projects, balancing risk and maximizing reward. We can also help you to establish milestones and checkpoints with all initiatives, so that your organization can remain flexible within an ever-changing and uncertain environment.
Achieving Balance
Choosing the initiatives to pursue involves a balance between several factors, including the resources required, the time horizon of the initiative and the organization's familiarity with the opportunity. Our experience in executing strategy can help you to build an effective mix that is suited to your business and objectives.
"More often than not, strategy is about knowing what NOT to do."
Bringing strategy to life requires a process for selecting a portfolio of initiatives that maximizes your chance for success. This necessarily involves hard decisions, because the organization doesn't have an unlimited budget or resources to accomplish all of the potential opportunities. Developing the portfolio means that senior management must constantly make decisions about what to do and more importantly, what NOT to do.
This approach is analogous to developing a financial portfolio, where you purchase a variety of stocks, bonds, etc. in order to minimize risk and maximize your return on investment. But how do you know what initiatives to undertake?
Portfolio Scorecard
3rd Perspective can help you make the hard choices. By developing a strategic Portfolio Scorecard, we create for you a method of quickly evaluating potential and existing projects, balancing risk and maximizing reward. We can also help you to establish milestones and checkpoints with all initiatives, so that your organization can remain flexible within an ever-changing and uncertain environment.
Achieving Balance
Choosing the initiatives to pursue involves a balance between several factors, including the resources required, the time horizon of the initiative and the organization's familiarity with the opportunity. Our experience in executing strategy can help you to build an effective mix that is suited to your business and objectives.
