Strategy Implementation
We can help clients successfully implement their strategies to drive results, improve performance, and create sustainable competitive advantage and value through the project portfolio management (PPM) framework. Strategy implementation is the most difficult element in the strategic management process. Many companies find it difficult to translate their strategic plans into appropriate actionable steps required to achieve their objectives. By applying the principles of project, program, and portfolio management, we can help client organizations to bridge the gap between strategy formulation and implementation.
We are well positioned to provide our strategy implementation consulting services to technology-intensive industries where technology remains the major driver of competition. Combining our deep expertise, knowledge, insights, and many years of experience in project, program, and portfolio management, we can help you simplify your strategy implementation actionable steps needed to realize your goals and objectives.
Our Strategy Implementation Consulting Services Include:
- Portfolio Management: Portfolio management has two components: strategic portfolio management and tactical portfolio management. We use a strategic portfolio management framework to help clients in making strategic portfolio decisions related to optimum resource allocation by establishing strategic buckets and translating strategic initiatives into useful strategic product roadmaps. As a result, business strategies, innovation strategies, and turnaround strategies (to achieve strategic or transformational change) can be translated into appropriate actionable portfolios of programs and projects and ensure that these portfolios are properly aligned (at the gap level) with client’s overall strategic objectives and the end results they want to achieve. Portfolio management provides a systematic approach to making value creation-related high-level decisions and aligns the firm’s strategy with portfolios, programs, and projects. We use a tactical portfolio management framework to help clients in making tactical portfolio decisions that are guided by strategic portfolio decisions related to carefully selecting, prioritizing, and allocating resources to projects that will eventually create competitive advantage and maximize business value. Individual projects are appropriately selected and prioritized in such a way not only to support strategy but also to preserve the distinctiveness of strategy. We can help clients to translate their strategic goals, objectives, and strategies into choices of portfolios, programs, and projects to minimize business risk, gain competitive advantage and create long-term value for their organization.
- Performance Measures: We can also help clients determine and establish appropriate performance measures (financial and non-financial) to assess strategic performance and how to take corrective action if future performance does not align with strategic objectives.
Relevant Insights
- Design and Management of the Transition State of Strategic Change October, 29, 2019.
- Internal Sources of Strategic Transformation: Competitive Advantage through Innovation August 7, 2018.
- Importance of Portfolio Management in Innovation August 15, 2017.
- Managing Innovation through Dual Planning Systems June 1, 2017.
- Implementing Strategies through Portfolio Management December 15, 2014.