Wednesday, July 11, 2007

Setting Priorities

Sometimes the issue isn’t a shortage of ideas but limitations on resources and the challenge of determining which ideas to pursue. Organizations will have retreats and brainstorming sessions. New ideas abound. But seldom does an organization have unlimited resources. The challenge in deciding which ideas to implement is multi-faceted.
  • Which initiatives will staff be most likely to embrace, increasing the chance of success?
  • Which initiatives will result in the most return on the investment of resources?
  • Which ideas are most likely to be feasible?
  • Sometimes an idea with a high potential return has more risk attached to it. When do you take the risk? When do you stay the course and keep to steady progress?

There are no easy answers but the organization that is effective in answering these questions will be more successful in implementing new ideas.

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