The investment in change needed for high business performance in five years will compromise business performance in the short- to medium-term. The trade-off facing the Executive of any organisation is between investment in strategic goals and delivering acceptable (‘survival’) performance in the meantime. Here are 4 high-level approaches you should consider – and a hot tip from our side.
The business case is central to directing investment in most organisations, but business cases are often biased substantially in favor of the outcome desired by their authors. It is the role of a responsible Executive to reject such ‘fantasy’ business cases, but this can lead to hard rules that also reject strategic investments in innovation.