BUY WITH CONFIDENCE
DESCRIPTION
Due to organizations having limited resources (e.g. talent, capital, time, etc.), the focus of Strategy Development is often the optimization and prioritization of said resources to maximize the potential to reach its strategic objectives.
The blank check approach takes a contrarian viewpoint. The fundamental question then becomes, what if resources were not a constraint? This compels managers to think big and not worry about resources. It becomes a thought exercise to unlock the creative potential of people.
Through this approach, business leaders, instead of defining budgets and resources, focus on defining ambitious goals. Then, they leave it to their managers and teams to request for resources needed to achieve these goals. When teams decide their own budgets, they feel a sense of accountability, empowerment, and ownership.
To effectively launch a blank check initiative, we should follow the 5-phase Blank Check Strategy approach. This presentation discusses each phase in detail. Additional topics covered include the Virtuous Cycle of Growth, Pillars of Success, Guiding Principles, among others.
This deck also includes slide templates you can use your own in your own business presentations.
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Source: Best Practices in Innovation, Growth Strategy PowerPoint Slides: Blank Check Strategy PowerPoint (PPTX) Presentation, LearnPPT
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OVERVIEW
ABOUT THE AUTHOR
Additional documents from author: 83
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients clients that range from Fortune 500 companies to startups to $1B+ private companies.
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