Companies can implement the Phase-Gate Process in their business transformation strategies by following a series of steps. First, they need to define the project and its objectives. This includes identifying the need for change and the desired outcomes. Next, they should conduct a feasibility study to assess the potential benefits and risks of the project. If the project is deemed feasible, it moves to the next phase, which involves detailed planning and design. This is followed by the development phase, where the plan is executed and the transformation begins. Each phase is separated by a gate, which serves as a checkpoint to review progress and decide whether to move forward, make changes, or terminate the project. The process ends with a post-implementation review to evaluate the success of the project and identify lessons learned for future projects.
Without adequate innovation, you risk falling behind in even what you do well. So how can an organiz...
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