Practicing the Necessary Art of Disengagement: When Discovery-Driven Initiatives Must Be Abandoned
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- Synopsis
- For all the effort that you may have put into developing each of the discovery-driven plans in your growth portfolio, it's important to remember that even with great planning and strict discipline, many of your projects are unlikely to achieve commercial success. In pursuing a portfolio of growth initiatives, you will find that, sadly, the bulk of them will never emerge as major growth drivers. If redirecting the project doesn't work, you may conclude that rather than let the project continue to sap organizational resources, you need to bite the bullet and shut it down. But how do you make sure that killing an initiative is seen as a constructive process that allows the company to benefit as much as possible from the investments it has made? This chapter tackles this challenge, and discusses the all-important question of how to handle the inevitably disappointed stakeholders and supporters for the project, as well as the politics of the project-termination decision. This chapter is excerpted from "Discovery-Driven Growth: A Breakthrough Process to Reduce Risk and Seize Opportunity."
- Copyright:
- 2009
Book Details
- Book Quality:
- Publisher Quality
- Publisher:
- Harvard Business Publishing
- Date of Addition:
- 08/02/16
- Copyrighted By:
- HBS Press
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Business and Finance
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This is a copyrighted book.