Join Mike Figliuolo for an in-depth discussion in this video Conducting deep analysis of high priority ideas, part of Strategic Planning Foundations.
- Once you've been through your filtering exercise…to identify your highest priority initiatives,…you need to do deeper analysis.…For those top initiatives on your list…you're going to assign them to individuals…for further analysis.…Part of that evaluation will require…them filling out templates.…Within that template you're going to ask them…to fill out multiple aspects of this initiative.…First, provide a description of what the initiative is.…Then identify what the value proposition…is of doing that project.…
Identify who the customer's going to be,…sometimes it's an external customer,…sometimes it's an internal customer group,…and articulate clearly the benefit…that that initiative delivers to that customer.…For external facing initiatives…identify the point of differentiation.…What sets you apart, and how does this initiative…drive that separation between you and your competitors?…Refer back to your core competencies,…hopefully if an initiative is truly differentiating you…it's going to be tied to one of your core competencies.…
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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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