Posts Tagged ‘strategic success’
What is a feasibility study?
A feasibility study is an early examination of the merits of an idea, proposal or project. It looks at whether or not it can be done, its likelihood of success and, perhaps most importantly, identifies the factors that could lead to success or failure. It gives an independent assessment that examines all aspects of a…
Read MoreBack office key to delivering strategy
The back office is key to delivering strategy. Operational excellence is a deliberate state created by people, processes and systems aligned to create value. It doesn’t happen by accident. We know that making back office functions work better is more effective than wholesale cuts. Optimising back office operations is strategically important. In fact, a well-designed…
Read MoreBudgets are strategic tools so pruning is better than slashing
Budgets are strategic tools – they allocate resources to strategic priorities. Pruning and shaping spending is better than slashing and burning. It is easy to cut costs by slashing but it is hard to prune and shape an organisation. Strategic budgeting shapes long-term value. Pruning and shaping needs a focus on value streams I made…
Read MoreCollaboration drives strategic success
Some ideas bear repeating to get the message across. Collaboration is one of them. If we reflect on research, our own observations and the experience of successful people and organisations it is clear that collaboration is key to success. Patrick Lencioni said “Teamwork begins by building trust. And the only way to do that is…
Read MoreThe Power of Cross-Functional Collaboration for Strategic Success
We cannot underestimate the power of collaboration and cross-functional alignment when implementing strategy. Nobody succeeds alone. The world has become far too interrelated and complex for individuals to succeed without collaborative skills. The ability of different departments and teams to collaborate and align their efforts towards a common goal is key to strategic success. Never…
Read MoreWhy a Data Strategy is good business
All organisations need a strategy to achieve and maintain a sustainable competitive advantage. Data collection, analysis, and derivation of insights is critical to creating value, and thus critical to strategy. There are many excellent publications and models on data strategy. Some of the best include: For most executives, data governance will not be a core…
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