Internal investments
With a breadth of experience across a vast array of strategic internal investments, i²s².tech ensure companies make informed data driven decisions and avoid pitfalls and risks so that projects reach their full potential.
Foundations for profitable internal investment decisions include:
Competitor benchmarking
When a product solution or service is proposed for internal investment, the business case must include competitor benchmarking with extrapolation. You will be competing with future products not those that exist currently.
Product strategies
Product strategies are the playbook of how and why you will be successful. They start with the problem being solved through to the solution and commercial strategy. Ease of customer use through “design-with” tools are essential.
Viable development budgets
Development is rarely flawless. Unforeseen challenges and delays impact both project planning and project costs. Realistic planning with contingency helps safeguard and deliver profitable projects.
Resource competence and allocation
Invested projects must match the core competence of the organisation and be resourced for success. Poor resourcing decisions typically prevail due to budget constraints. Project resources also suffer when "fires" need addressing. Critical investments benefit from ring-fenced resourcing and management.
Measurement & governance
"What gets measured gets done". Transparency of project execution results is vital to timely management decisions and corrective actions. Visibility at an executive level may be required for strategic directives.
Lead customers
Engagement with lead or “alpha” customers continually validates that the investment value proposition still solves the customer problem. This also ensures further customer optimisation, creating “stickier” product solutions or services .
Worthwhile investment
Has a formal Business Case review been passed? Has the financial benefits vs. the costs been accurately assessed? Is there honesty and integrity in the data analysis. How does the investment fit with the overall strategy and compare to other investment opportunities?