This blog post models a business value case of using Microsoft Copilot and ChatGPT like technologies in organizations. Some of the data that is specific to a business was not entered. However, the model itself is comprehensive and the reader can adapt it to your organization’s specifics. The business value model was created in a...
It is not just enough to develop a credible value model but telling a compelling is equally important. As mentioned many times earlier, value is very subjective and is perceived by each of the personas differently. Many times, it is not just the number but the benchmarks and the metrics in the value model that...
This is the last of three parts of this article which was originally published with Arie Polichuk on LinkedIn. The full pdf of the article can be found here: ESG_Business_Value_Model Part I: Introduction Part II: Value Model Development Illustrative Value Model For the purposes of describing the value model, we developed a hypothetical case...
This is second of three parts of this article which was originally published with Arie Polichuk on LinkedIn. The full pdf of the article can be found here: ESG_Business_Value_Model Part I: Introduction Part III: Illustrative Value Model Value Model Development The model essentially consists of identifying benefit levers, associated benefit metrics, cost levers...
This is first of three parts of this article which was originally published with Arie Polichuk on LinkedIn. The full pdf of the article can be found here: ESG_Business_Value_Model Part II: Value Model Development Part III: Illustrative Value Model Introduction As part of our research to explore if ESG initiatives are indeed profitable for...
If business value calculation and modeling was indeed easier, why then the hesitation? In my travails as a business value advocate, I have seen leaders prevaricate on the notion of quantifying value. One of the main reasons is that they do not want to commit themselves to a number and get into trouble with their...
So far in our sanitized design thinking value modeling exercises, we have gone through vision alignment, benefits categorization, risks/costs identification. In this blog post, I will discuss the identification of KPIs, both benefit and cost related. Most organizations do not instrument their processes very well. It is easy to get the KPIs in the manufacturing...
After identifying the main benefit buckets for the value model, we need to focus on the costs (and risks) that will be incurred in implementing Project Nova. Typically, stakeholders look at costs and risks only from the perspective of their domain. Having a designed thinking session with all of the key stakeholders as participants enables...
Now that we have landed on the relevant aspects of Valuso’s corporate vision (relevant to Project Nova, that is), let’s start to identify the intended objectives for Nova. Using the following five vision statements developed earlier (see previous blog post) as an anchor, I developed an exercise that would elicit the needed benefit categories and...
In this series of blogs, I will walk you through a sanitized but actual design thinking value exercise conducted by one of my colleagues for a potential project titled “Nova“. If you recall my Design Thinking Recipe for Value Envisioning Workshop, I had indicated that I always like to begin with an ice-breaking exercise regardless...