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What do companies that overcame stagnation to deliver value-creating, peer-beating growth have in common? They follow ten best practices for charting strategy and driving implementation.
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Most strategy dialogues end up with executives talking at cross-purposes because … nobody knows exactly what is meant by vision and strategy, and no two people ever quite agree on which topics belong where. That is why, when you ask members of an executive team to describe and explain the corporate strategy, you frequently get wildly different answers. We just don’t have a good business discipline for converging on issues this abstract. —Geoffrey Moore, Escape Velocity [1] Lean Portfolio Management LPM provides an alignment and governance model for a specific portfolio, which contains a set of Development Value Streams (DVS) for a business domain in an Enterprise. Each DVS builds, supports, and maintains Solutions for Operational Value Streams (OVS). These solutions are delivered by the OVS to the enterprise’s external or internal Customers. Examples include developing an e-commerce website, medical device, or satellite and developing and deploying a software application within an enterprise for internal customers. LPM is one of the seven core competencies essential to achieving Business Agility. Each core competency is supported by a self-assessment, enabling the enterprise to assess its proficiency. The Measure and Grow article provides a competency assessment and recommends improvement opportunities for implementing LPM. Why Lean Portfolio Management? Traditional approaches to portfolio management were not designed to compete in the ‘age of software and digital.’ Enterprises face a higher degree of uncertainty and must deliver innovative solutions faster. Many legacy portfolio practices remain despite massive market changes and how businesses operate in the digital era. Modernizing portfolio management is critical to supporting the Lean-Agile way of working and competing in this new reality. Fortunately, many enterprises have already traveled this path, and the change patterns are shown in Figure 1.
(Submit123PR) Friday, December 24, 2021 11:52:
Polygon has announced that it has laid off around 20% of its existing workforce, as part of a wider company restructuring, according to sources.
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