Corporate Education Group

Managing Your Organization’s Priorities

CEG offers Corporate Training and Consulting, as well as traditional and virtual instructor-led courses in management and leadership, project management, business analysis, business process management, agile/scrum, and lean six sigma.

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2 | Building Cross-Cultural Intelligence 300 Brickstone Square • Suite 201 • Andover, MA 01810 USA • 1.800.288.7246 • +1.978.649.8200 • info@corpedgroup.com 1. Clarify the Organization's Value Proposition. The organization's value proposition is its reason for existence. It describes how the organization adds value to the larger company. Is the organization expected to drive cost savings, improve customer satisfaction, create new revenue streams, or increase revenue in existing streams? Perhaps all of the above? If so, then what are the priorities within those expectations? Does customer satisfaction trump revenue? Or are cost savings what's really important these days? The value proposition serves as your anchor amidst the tumult of organizational life. Once you have clarity with your executive team on the true value of your organization to the enterprise, you can identify whether a proposed initiative or project fits. Some will clearly match. These are the high-value projects that go on top of the priority list. Other projects won't align with the value proposition. Deciding how to handle these projects can be tough, especially if their sponsors are particularly committed to them. However, if leaders have done their ground work and gained consensus with the executive time on the value proposition, telling a customer "next quarter," "next year," or even "no" becomes much easier. This is exactly what happened with BetaCorp's Marketing VP. He confirmed with the executive team that the value of marketing was to build corporate image and awareness within key channels. With the team's agreement and support, he renegotiated priorities with internal customers, dropping the non-value-added projects clogging his portfolio. 2. Create Logical, Fact-Based, Prioritization Processes for Investments. Unless you're lucky enough to be in an organization with unlimited resources, there will always be tension between who gets what they want and who doesn't. The best organizations prevent destructive politicking by creating logical, fact-based prioritization processes for investments. These processes, based on the value proposition, strategies, and goals of the organization, are transparent. Anyone in the organization can see exactly how decisions are made and how funds are allocated. Projects can be evaluated for potential return on investment, cost to implement, match with resource capabilities, or other pre-set criteria. A weighting system allows criteria to receive varying degrees of importance depending on organizational goals. 3. Develop Structures That Identify and Resolve Resource Allocation Conflicts. Internal organizations inevitably butt heads despite clear prioritization processes. These conflicts are not necessarily negative; often, they direct attention to important issues. However, when the conflicts stay under the surface or aren't managed well, they can create nagging and disruptive problems. One team, for example, was pulled between requests from two different departments. Instead of resolving the issue, the team worked for both departments, sacrificing quality in favor of responsiveness. The problem wasn't discovered until a department review session surfaced serious issues in the projects

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