- Resource Allocation (Capital outlays, coupled with the related discretionary expenses) needs to ensure the future growth of the enterprise.
- This process needs to be consciously managed to foster innovation and growth.
- A structured, transparent process with strict yet relevant criteria can serve to force decision makers in the company to make decisions that minimize the status quo and focus on future growth.
SarJay can help you optimize this process for growth and innovation. - We will work with you to establish clear definitions of project types, relevant to your company’s unique positioning. These will be based on the appropriate innovation strategies: Maintaining, Replenishing, Renewing.
- Using these categories you will be able to see and track how your resource allocation is evolving to foster innovation.
- You will be able to set goals for these categories and engage the entire management around fulfillment of these.
Vital Questions - Are you investing too much or too little?
- What strict criteria must a project meet to be classified as innovative?
- How can you view projects so as to see the value they add to the core and to the current product portfolio?
- Are you minimizing investments that only protect the status quo?
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