Is your organization “drowning” in too many strategic initiatives?
If you’re evaluating far more opportunities than your team can realistically handle, it’s time to do a serious screening of those initiatives.
According to Robert W. Bradford, President/CEO of the Center for Simplified Strategic Planning, your organization should only take on between 3 – 10 strategic opportunities, depending on the size, breadth of your team and its resources. (We’ve found the fewer, the better.)
Bradford recommends a senior team exercise in which you simply ask the team to rate each opportunity on two dimensions – resource requirements and strategic impact on the organization.
BOTTOM LINE: “If your organization is plagued by a surplus of incremental projects or “just do it” items that are overwhelming mid-level management, this approach to opportunity screening may give you one more way to rationally say “no” to things that will impede your strategic progress.”