1. Introduction Business unit portfolio management is a critical process for any organization that seeks to achieve its strategic objectives while balancing risk and return. A company’s business or planning unit portfolio refers to the collection of individual business units that comprise the larger organization. Each business unit represents a distinct product or service offering,…...
Introduction Talent is an organization’s most valuable asset. The success of a company depends heavily on the skills and abilities of its employees. To ensure that they have the right people in the right positions, companies need to manage their talent effectively. Talent Portfolio Management is a process that helps companies identify, attract, develop, and…...
1. Introduction Project Portfolio Management (PPM) is a process for selecting, prioritizing, and managing an organization’s projects to achieve strategic objectives. In today’s business environment, where companies face intense competition and rapid change, PPM has become an essential tool for aligning projects with organizational goals and ensuring that resources are allocated effectively. PPM enables organizations…...
The relentless pressure to change and adapt in today’s business environment not only strains the mental well-being of individuals across organizations but also precipitates a notable decline in the tenure of CEOs, signaling a crisis in sustained leadership and strategic direction. The obsolescence of traditional three-year strategic planning cycles is starkly evident; such methods are…
In today’s fast-paced and rapidly evolving business environment, having clear, aligned, and ambitious goals is paramount to success. Objectives and Key Results (OKRs) offer an effective goal-setting framework that promotes focus, alignment, and engagement. However, the alignment process can be time-consuming and challenging. OKRs, as simple as they seem, require meticulous alignment across all levels…...
In today’s dynamic business landscape, ambitions serve as guiding light for organizations. Yet, the real essence lies within the strategic asset portfolios, where deep conversations and thoughtful choices shape ambitions to align with the company’s overarching vision. Imagine these portfolios as specialized units within the organization, each with a distinct mission. Consider a business-to-business company…...
In the intricate world of strategic decision-making, where every choice can define the fate of an organization, one choice stands out as paramount: purpose. Purpose isn’t just another step in the process; it’s the cornerstone upon which the entire strategy journey is built. In this article, we explore why purpose is the first and most…...
In the realm of business strategy, where choices carry the weight of destinies, a powerful truth emerges: the magic lies in the mastery of strategic assets. Purpose may illuminate the path, but it’s strategic assets that fuel the journey and, in essence, make up the very operating model of a business. These assets aren’t just…...
At the heart of every successful business lies its operating model—the strategic composition of resources that together create a competitive force in the marketplace. This model isn’t static; it’s a progressive maturation of a company’s core resources into strategic assets, refined and enhanced over time by its capabilities. Defining the Operating Model An operating model…...
In the traditional talent management realm, experience, education, and job titles have been the conventional determinants of hiring and promotions. However, in an era of intense competition for talent and rapid technological changes, a paradigm shift is underway. Forward-thinking organizations are pivoting towards a skills-first approach, prioritizing the skills necessary for specific tasks over conventional…...