Join Mike Figliuolo for an in-depth discussion in this video Assessing initiatives over time, part of Strategic Planning Fundamentals.
- Another assessment you need to conduct…when you look at your portfolio of initiatives…is how does it change over time?…You've laid out a vision for what your organization…should look like three years to five years from now.…It's important to understand if the initiatives…that you're pursuing are going to get you there.…Allow me to illustrate.…I worked with a financial services firm…that had a huge core business…in subprime credit card lending.…And they had a smaller business…in prime credit card lending.…
The problem was new entrants were continuing…to enter the market and challenge them in subprime lending.…Now they had a long list of initiatives they could pursue,…and many of those initiatives were focused…on fixing that subprime business.…However, they had other initiatives…that were much smaller in the near term…that were going to get into new markets…and new products and new types of lending,…like auto finance and installment loans…and even having a bank.…
Now when you look at the portfolio today…and you look at the financial returns that those initiatives…
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- Avoiding strategic planning risks
- Assessing the market
- Conducting a SWOT analysis
- Defining your direction, mission, and vision
- Determining core competencies
- Evaluating and prioritizing opportunities
- Assessing your initiatives
- Organizing for success
Skill Level Appropriate for all
1. Before You Begin Planning
2. Defining the Strategic Environment
3. Setting Your Strategic Direction
4. Determining How You'll Compete
5. Evaluating and Prioritizing Opportunities
6. Assessing Your Initiative Portfolio
Using a 2x2 matrix2m 56s
7. Organizing for Success
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