ProfitComm’s Post

More than a traditional ROI model is required when prioritizing IT projects. First, assess the project's strategic value, then consider its ROI. Read more: https://zurl.co/YHJ7 #DigitalTransformation #InformationTechnology #Strategy

More than a traditional ROI model is required when prioritizing IT projects. First, assess the project's strategic value, then consider its ROI. This approach allows organizations to focus on what delivers value by highlighting initiatives with high strategic value and high ROI. #DigitalTransformation #InformationTechnology #Strategy https://lnkd.in/gBj8fNEg

More than a traditional ROI model is required when prioritizing IT projects. First, assess the project's strategic value, then consider its ROI. This approach allows organizations to focus on what delivers value by highlighting initiatives with high strategic value and high ROI. #DigitalTransformation #InformationTechnology #Strategy https://lnkd.in/e23FnssH

More than a traditional ROI model is required when prioritizing IT projects. First, assess the project's strategic value, then consider its ROI. This approach allows organizations to focus on what delivers value by highlighting initiatives with high strategic value and high ROI. #DigitalTransformation #InformationTechnology #Strategy https://lnkd.in/eFSTV2QH

More than a traditional ROI model is required when prioritizing IT projects. First, assess the project's strategic value, then consider its ROI. This approach allows organizations to focus on what delivers value by highlighting initiatives with high strategic value and high ROI. #DigitalTransformation #InformationTechnology #Strategy https://lnkd.in/dszHQABn

More than a traditional ROI model is required when prioritizing IT projects. First, assess the project's strategic value, then consider its ROI. This approach allows organizations to focus on what delivers value by highlighting initiatives with high strategic value and high ROI. Like what you see? Follow-us! Or contact us direct to learn more: [email protected] | jdconsultingllc.com | 678-686-6341. #DigitalTransformation #InformationTechnology #Strategy https://lnkd.in/gehvfpVr

𝗔𝗹𝗶𝗴𝗻𝗶𝗻𝗴 𝗕𝘂𝗱𝗴𝗲𝘁𝘀 𝘄𝗶𝘁𝗵 𝗢𝘂𝘁𝗰𝗼𝗺𝗲𝘀: 𝗔 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 Misaligned budgets and outcomes in digital initiatives represent a significant challenge. The issue is not a lack of funding or ambition—it’s the difficulty of consistently connecting investment to measurable impact. This is not about shortcomings but rather about the opportunity to refine approaches for better alignment. Too often, budgets are influenced by assumptions, rapidly changing trends, or an urgency to adopt new technologies. While these motivations are understandable, they can sometimes overshadow the need for clear, results-oriented planning. Digital transformation is fundamentally about solving problems and creating value, and aligning investments with these goals is key to achieving success. To address this, organizations can benefit from focusing on a few essential steps. First, define success clearly before allocating the budget. What specific outcomes are the initiatives aiming to achieve? Whether it’s enhanced efficiency, cost reduction, or improved customer experience, having well-defined objectives ensures that every dollar contributes to measurable progress. Next, consider a phased approach to funding. Instead of committing large sums upfront, invest incrementally. Pilot projects and smaller initiatives offer a way to test ideas, measure their impact, and refine strategies before scaling up. This approach minimizes risk and ensures that spending is directly tied to proven results. Accountability is another crucial factor. Success metrics should be transparent, measurable, and revisited regularly. This practice is less about micromanaging and more about fostering a culture of continuous improvement. When something isn’t working as expected, adjusting strategies promptly ensures resources are used effectively. Lastly, collaboration across functions is essential. Digital transformation is not limited to IT; it’s an organizational effort that requires input from operations, finance, and end-users. This ensures initiatives are grounded in practical needs and deliver real value where it matters most. Budgeting for digital initiatives is not about spending more or less—it’s about aligning investments with clear goals, phased execution, and measurable outcomes. When strategies are thoughtfully crafted and effectively executed, digital transformation becomes not just possible, but sustainable and impactful. #DigitalTransformation #BudgetAlignment #StrategicInvestments #OutcomeDriven #Innovation #BusinessStrategy #Collaboration #TechLeadership

📊 𝗔𝗹𝗶𝗴𝗻𝗶𝗻𝗴 𝗕𝘂𝗱𝗴𝗲𝘁𝘀 𝘄𝗶𝘁𝗵 𝗢𝘂𝘁𝗰𝗼𝗺𝗲𝘀: 𝗧𝗵𝗲 𝗞𝗲𝘆 𝘁𝗼 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 🚀 I’m excited to share insights on how organizations can bridge the gap between investments and measurable results in digital initiatives. 🎯 ✅ Learn why clear goals are the foundation of impactful budgeting. ✅ Discover the power of phased funding to minimize risk and maximize value. ✅ Explore how accountability and collaboration drive real transformation. Don’t let misaligned budgets hold your digital projects back! Dive into the full post to uncover actionable strategies that create meaningful impact. 🌟 #DigitalTransformation #StrategicInvestments #Innovation #BusinessGrowth

❗HOT OFF THE PRESS: NEW ARTICLE❗ Strategy development can be tricky, with numerous and costly pitfalls. But what if you can avoid these ahead of time? Our latest article covers the causes and consequences of 7️⃣ common #StrategyDevelopment pitfalls, including: ➜Strategic misalignment ➜Poorly balanced short-term and long-term initiatives ➜#Strategy being treated as a one-and-done And discusses how technology, like a #StrategyIntelligencePlatform, can help address these. ➜ Discover “7 Common Pitfalls in Strategy Development and How Technology Can Help” here: https://hubs.li/Q02xmvCY0

💡 From People-Powered to Process Driven Relying solely on people to drive your business can work—for a while. But as the organization grows, cracks begin to form. If everything relies on the speed, effort, and attention of individuals, what happens when they slow down? 🌀 Think of a people-driven business like a spinning top, which is like the triangle on the left of this image. It functions smoothly at high speed, but as momentum fades, the top wobbles and eventually falls. This is what happens when your business doesn’t have scalable systems and processes in place. In contrast, a process-and-technology-driven model, as shown on the right, allows people to thrive by relying on technology and systems that ensure stability—even as your business scales. 📈 When processes and technology are the foundation, your people can focus on what matters most: delivering value, fostering relationships, and driving innovation. 🔑 Key takeaway: Systems and technology stabilize and support growth, allowing people to reach their full potential in a sustainable, scalable way. Growth at all costs (GAAC) is the enemy. DOWN WITH GAAC❌ 📖 Credit to 🐶 Jacco van der Kooij and Winning by Design for this insightful framework. Check out his book “Revenue Architecture” for more on building resilient, scalable revenue organizations. #BusinessGrowth #ProcessDriven #RevenueArchitecture #Scalability #RevOps #BusinessStrategy