MBA 755-Reflections on Module 3 Concepts

How could you use a Renewal Options diagram to better support the mission of your present organization?

The purpose of the diagram is to help brainstorm new ideas for renewal. It can help you think through potential options for approaching renewal strategies. For me personally, this diagram is so overly busy, I have difficulty using it to come up with any ideas. If it were simplified in some way, it might be easier to utilize.

When thinking about your own organization, which renewal choices seem to the most relevant?

Enhancement and reframing strategies are the two most relevant potentials. These strategies allow us to take existing products and introduce new value or new markets to the products.

What factors define a realistic renewal choice for you?

Financials are the most important factor. It is important to determine what a renewal choice is going to cost and what return on investment it will provide. Infrastructure needs to be reviewed to determine if it can support the needs of renewal without significant capital expense. Also important will be if the renewal choice meets the long term goals and objectives of the organization.

What could be the best way or ways to communicate renewal options to organizational leaders so that they are really heard?

In my organization, the way to communicate options or any business proposals is to have all the details well researched. Bringing an idea to the table with all of the possible financials is important to getting an idea heard. The executive team wants to know how the bottom line is going to be affected.

What practical uses do you see for situational analysis in your life?

Situational analysis can always be beneficial to looking at all aspects of an issue. It provides a means to look at multiple solutions to determine which is most effective.

October 14, 2007 | Filed Under MBA 755 

Comments

Leave a Reply