Leaders face the difficult challenge of selecting those few operational activities their organization will pursue from the multitude that are proposed every planning cycle. In order to make these decisions, they need detailed assessments of the costs, benefits, and risks associated with each proposed initiative; including both ongoing operational and newly proposed activities.
Providing leaders with the information needed to make the best investment selections for the organization is a daunting task. Information provided must be complete, unbiased, comparative. Analyses must consider quantitative factors as well as the qualitative aspects of each option. And almost unreasonably, planners will be asked to make predictions about the organization’s and marketplace’s future.
Focus of the Alternative Development Forum
Resources in this forum are dedicated to discussing the key principles and practices of developing high quality business cases from which organizational investment decisions can be made. The following articles, podcasts, documents, and resources cover those topics foundational to effective alternative development.
StrategyDriven Personal Business Advisor Remote Assistance and Dedicated Advisor clients and Alternative Development Forum subscribers can access all of the articles listed below. Self-Guided clients can access those articles annotated as [SG = 📱]
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- Best Practice – Reality Questions
- Best Practice – Organizationally Developed Options [SG = 📱]
- Best Practice – Common Assumptions, Variables, and Calculational Methods
- Best Practice – Common Cost and Value Identifiers
- Essentials of Strategic Management by J. David Hunger and Thomas L. Wheelen
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