Framework for Prioritizing Improvement Initiatives PPT
This PPT slide, part of the 63-slide Pricing Strategy Implementation Toolkit PowerPoint presentation, presents a framework for prioritizing improvement opportunities within an organization. It is structured into 2 main sections: "Improvement Opportunities" and "To-Be Refinement."
The left section categorizes potential areas for enhancement into 3 distinct categories: Potential Fixes, Best Practices, and QFD (Quality Function Deployment) Implications. Each category is represented with yellow boxes, indicating specific opportunities that can be explored further. This segmentation allows for a clearer understanding of where efforts can be directed for maximum effect.
The right section outlines criteria for assessing the impact and feasibility of these opportunities. The impact criteria include Margin Gain, Improve Price, Improve Efficiency, Better Satisfaction, Support Strategy, and Competitive Position, each ranked as High or Medium. This ranking system helps prioritize initiatives based on their potential benefits to the organization.
Feasibility criteria are also listed, evaluating the Probability of Success, Investment Required, Openness to Change, Control, Available Resources, and Technology. These criteria are similarly ranked, providing a balanced view of what can realistically be achieved.
The "To-Be Refinement" quadrant visually represents how these opportunities can be plotted based on their impact and feasibility. This visual aid serves as a decision-making tool, guiding executives in selecting the most promising initiatives to pursue.
Understanding this framework is crucial for organizations looking to streamline their improvement processes. It provides a systematic approach to identifying, evaluating, and prioritizing initiatives that align with strategic goals. This structured methodology can ultimately lead to more effective implementation and better outcomes.
This slide is part of the Pricing Strategy Implementation Toolkit PowerPoint presentation.
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Pricing Strategy Product Strategy Best Practices Quality Function Deployment
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