The concept of a Risk Assessment is not new, however incorporating a few tools and concepts can strengthen the reliability of the assessment. With these tools, the assessment can be more thorough and consider circumstances that might otherwise be overlooked. The fourth criterion, Risk Assessment, is intentionally positioned last so useful data gained from examining […]
In an era of limited capital, and slowly recovering margins, organizations must exercise more caution and scrutiny than ever in deciding what will be funded. The changing landscapes of competition and consumer expectations can further complicate these decisions. In this series, we describe four types of criteria, and then some additional considerations, all designed to […]
Many organizations are working through an era of tight capital, reducing the margin for error on investment decisions to just about zero. And the current market volatility is only adding to the stress level surrounding these decisions. In this series, we describe how leadership teams can select the “best” projects to fund with limited capital […]
When capital is limited and the possible investment opportunities are numerous, how can organizations select the “best” ones for funding? This is the current environment for most health and human service organizations. The starting point might seem obvious – apply selection criteria and see which projects “score” the best! With tight capital and lower margins, […]
What’s that old saying…the Chinese word for Crisis (Wei Ji) is a blend of Danger (Wei) and Opportunity (Ji)? While the truth in this literal translation is debatable at best, the concept has endured since the 1960s, probably because many have found it to hold elements of truth. The “Dangers” of Tight Capital Emerging from […]
For most organizations, summer is the best time to prepare for Strategic Planning. However, given everything that has transpired in recent years as well as everything that is unfolding, you might be wondering if that is still the case. Here are two good reasons, one internal to your organization, one more externally focused, that you […]
Five years ago this month, I had a chance to do something I had always wanted to do, but never thought I would. The previous Christmas, my family surprised me with a paid pass to the NASCAR Racing Experience: a chance to drive a real race car on one of the championship series tracks. Having […]
More Innovation - Yes Please! In my last post, I talked about the resurgence of interest in innovation. The Covid19 Pandemic, as well as some other factors, contributed to this interest as individuals and organizations who had never worked together before pooled their knowledge and skills to respond to some urgent needs. This “next level” […]
As a Strategic Planning Consultant, I am definitely a “trend watcher”, and one of the reasons is to make sure clients are considering any relevance of what I call the “Strategy du Jour” to their Mission, Vision, and Goals. It seems that there is always at least one strategy (sometimes more than one) that is […]
With Fall being such a popular time for developing a new Strategic Plan, it’s not surprising that after the holiday break, the focus begins to shift to implementation. Most Strategic Plans include the development and deployment of new initiatives, expansion (or contraction) of services, or the execution of Tactics to help achieve one or more […]
