Strategy Execution Life Cycle – Complete life cycle from definition through approval to execution
Background context – Digital and automation are major external trends impacting the operation and market offerings of companies within the companies target segment. While there is awareness of the changes, the current technology resourcing budget was both fragmented and constrained, leading to slow and poor execution outcomes at the customer interface. There is limited alignment amongst key stakeholders on where limited technology resources should be directed.
Strategic Challenge – To develop and implement a technology strategy that enhances the market leading position of the products and services company.
Strategic Activities – Strategic review of existing portfolio of technology investment. Gap analysis against identified or emerging customer needs with ownership of investment cases. Grouping and prioritising technology funding, balancing speed to market with breadth of investment. Scanning and prioritising in the external market for alternative acquisition pathways for capability building. Life cycle tollgating of the technology implementation and get to market. Clearly defined organisation model and capability to integrate and commercialise the capability.
Outcomes – Major refocusing of the technology portfolio to increase quality and speed to market of a smaller number of higher value digital and automation opportunities. A more balance mix between internal investment in capability and external acquisition, strategic partnering of capability to improve commercialisation quality and speed. More structured life cycle management of the technology program improving cost effectiveness.