Setting Priorities, Rethinking Risk

Mark Daniell

Chapter Chapter 3 in Strategy, 2004, pp 58-73 from Palgrave Macmillan

Abstract: Abstract In the process of setting and implementing STRATEGY, there is no discipline more important than paying full attention to priorities. In the complex flows of events and change that make up the new paradigm in which all businesses now operate, it is absolutely essential to identify those select actions and investments that can truly differentiate your business from competitors, and focus on those priorities with great energy. This will require a visibly greater focus of resources of all kinds on a more limited set of goals and activities. This will also mean cutting out non-priority activities entirely and reducing investment, human and financial, in others.

Keywords: Potential Harm; Business Opportunity; Response Capability; Priority Matrix; Effective Deployment (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52285-5_3

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DOI: 10.1057/9780230522855_3

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