Alternative Selection – Introduction
Leaders face the difficult challenge of selecting those few operational activities their organization will pursue from the multitude that are proposed every planning cycle. Collectively, these activities define the company; its culture, its direction, and ultimately its success or failure.
Selecting those activities the organization engages in requires a degree of both art and science. Initiatives pursued should support the organization’s qualitatively defined values, culture, and strategy while at the same time positioning it to maximize quantifiable benefit creation at minimum cost. The resulting portfolio of activities to be performed serves as an input to both the annual and long-range business plans; charting the course for the organization’s future.
Focus of the Alternative Selection Topic
Resources in this topic area are dedicated to discussing the principles and practices enabling leaders to most effectively choose those options aligned with the organization’s values and goals while offering a maximum value return to the organization and its stakeholders. The following articles, podcasts, documents, and resources cover those topics foundational to effective alternative selection.
Articles
Principles
- Forgotten Productivity Related Challenges to Process Reengineering’s Value Creation [StrategyDriven Premium Content]
- Total Cost of Ownership [StrategyDriven Premium Content]
- Total Benefit of Ownership [StrategyDriven Premium Content]
Best Practices
- Best Practice – Common Assumptions and Variables [StrategyDriven Premium Content]
- Best Practice – Evaluate Everything [StrategyDriven Premium Content]
- Best Practice – Reality Check [StrategyDriven Premium Content]
- Best Practice – Technically Right and Absolutely Wrong [StrategyDriven Premium Content]
Resources
Books
- Essentials of Strategic Management by J. David Hunger and Thomas L. Wheelen
FREE StrategyDriven Trial MembershipStart your FREE trial membership* and receive:
|
 |
* Free 14 day trial included with a monthly membership registration. A monthly recurring subscription of $9.95 will begin after the initial 14 day trial period. Memberships can be cancelled at any time. Premium Member access will continue until the free/paid subscription expires.
† Available only to those living within the United States after the first monthly membership payment is received. Name and address information required. Books typically valued from $14.95 – $29.95 USD. Book value is not guaranteed.
Related Articles:
- Alternative Selection Best Practice 3 – Reality Check
- Alternative Selection Best Practice 2 – Evaluate Everything
- Alternative Selection – Total Benefit of Ownership
- Alternative Selection Best Practice 1 – Common Assumptions and Variables
- Alternative Selection – Forgotten Productivity Related Challenges to Process Reengineering’s Value Creation
