In order to realize the expected synergies and create shareholder value, organizations must prepare themselves for the myriad of risks involved in an M&A deal - from financial risks to people risks to integration risks.
Along with figuring out new regulations and laws, foreign business owners must overcome language barriers, cultural barriers and domestic competitors who will likely have stronger networks and a better sense of the marketplace than a foreigner ever could.
This Comprehensive Competitor Identification model allows you to identify all your organization’s current and potential competitors, whether direct, indirect, replacement, or SEO, and to create an action plan.
Whether your organization follows Lean Six Sigma, continuous improvement, or agile practices, identification and prioritization of improvement initiatives is a critical first step when undertaking a new project.
The RFP Response Evaluation & Vendor Selection model is a transparent and collaborative model that helps the evaluation teams to objectively examine the proposals and select the best one with which to move forward.
The Root Cause Analysis allows teams to identify and explore in detail the specific root cause of a problem, while providing supporting evidence at each step. This method allows teams to objectively focus on the cause of the problem.
The SWOT/TOWS (threats, opportunities, weaknesses, strengths) model helps groups develop a prioritized set of strategies and next actions to leverage their strengths and opportunities, and minimize weaknesses and threats.
The premortem, developed by Gary Klein, is a method used to anticipate project failures before they actually occur. Like a medical postmortem, it examines how a project failed – but it’s conducted before the failure occurs so there’s still time to prevent it.
During Lean and Continuous Improvement initiatives, teams are challenged to find alternative ways to design a product, a process, or solve a problem. Alternatives can be identified using the “7-Ways” approach by ‘noodling’ in Powernoodle