Your path to business agility
Operationalize strategic plans - from formulation to execution across the organization.
Early last year, our partners at UNHCR told me about their new venture to employ the Planview IdeaPlace online platform. Invited to carry out a review of the pilot-run for the platform, I was excited to learn more about how they were trying to use an Conducting Research and Making Connections Collaboration, partnerships, and engaging...
Current events paint a picture of a finance sector plagued with “Technical Debt” resulting in security breaches, ATM lockouts, blocked debit and credit cards, and more. It often feels like as consumers we have little choice but to accept these faulty systems. But, the more I read about these challenges, the more the enterprise architecture...
Organizations increasingly seek new forms of innovation—and, for themselves, transformation—by engaging in co-creation with the suppliers, clients, and consumers that comprise their value streams. What insights might be gained from organizations that have begun to realize their potential for leadership by embracing openness as a core element of their charter? In this article innovation architect...
R&D-driven organizations face the constant challenge of deciding whether to continue funding existing projects and when to start new initiatives. The overwhelming majority of firms will use project prioritization to rank the opportunities as part of that exercise, with a small minority suspecting that optimization is better suited to the task of project selection. So...
No doubt about it, Big Data is big business. It has certainly captured the imagination and wallets of business executives everywhere. In fact, Gartner estimates that Big Data drove $34 billion in worldwide IT spending last year.¹ With that kind of money being spent, it’s probably safe to say Big Data is a big deal. That...
“Management is doing things right; leadership is doing the right things.”¹ Businesses have always had tremendous decision-making challenges due to lack of relevant, complete, accurate, and timely information. And this problem has become more acute as businesses expand or down-size, the pace of change increases, and the breadth of change expands. So with all of...
The Economist recently published an interesting article, Strategic moves: Big consulting and accounting firms are making a risky move into strategy work, about what seems to be a new consolidation movement amongst the major strategy consulting firms and operations specialists in a effort to offer both strategy and execution services. Traditionally, within enterprises and throughout...
The September-October 2013 issue of Research Technology Management Journal includes a case study on portfolio management written by our own Dan Smith and yours truly: “From Budget-Based to Strategy-Based Portfolio Management: A Six-Year Case Study”. In it, we describe the journey of a life sciences company as it transitioned from a conservative, somewhat disordered investment...
It seems almost a universal truth that resource allocation exercises use prioritization at some point in the process. Nearly every company we’ve spoken to or heard from over the past decade-and-a-half, in Pharma or other industries, relies on it. Project prioritization has several things going for it: Mathematical simplicity: It’s very hard to quibble with...
There’s a nice blog post by statistician Jeff Leek on how more and more non-statisticians are finding themselves in roles that involve data analysis and visualization. Data are becoming more and more available, and less and less expensive to collect, and the tools for analyzing that data, from Excel to SAS to Spotfire, are becoming...
