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Blank Check Strategy (PowerPoint PPTX)
PowerPoint (PPTX) 27 Slides FlevyPro Document
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.
This PPT provides a comprehensive framework for implementing the Blank Check Strategy, emphasizing a systematic 5-phase approach. It begins with selecting the best big bets, followed by team selection, goal definition, initiative kick-off, and performance management. Each phase is meticulously detailed to ensure that your organization can effectively harness the potential of this strategy.
The presentation also covers the Virtuous Cycle of Growth and the Pillars of Success, offering guiding principles to drive sustainable, profitable growth. With slide templates included, this deck equips you with the tools to present and execute the Blank Check Strategy within your organization.
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Source: Best Practices in Innovation, Growth Strategy PowerPoint Slides: Blank Check Strategy PowerPoint (PPTX) Presentation, LearnPPT Consulting
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