Determining the Optimal Capital Allocation for Strategic Innovation Options
CREATING SLACK FOR INNOVATION
Deciding how much capital to allocate to any activity is challenging. Too little, and there is no effect; no rationale, and resources will be dispersed and wasted. Too much and further waste occurs. When it comes to strategic renewal an optimal commitment is vital. Our OCASIO process asks this fundamental question: what constitutes an appropriate amount of financial resources to allocate towards the articulation and dynamic management of a Portfolio of Strategic Innovation Options?
OCASIO applies a unique protocol of socialised decision making that satisfies both strategic response and renewal concerns and coheres with the organisational context. It is based on authoritative scholarship. Most importantly, it produces a clear quantitative commitment that is qualified by structured conversations and the explicit negotiation of different perspectives.
It is an original, transparent and robust mechanism for creating organisational slack towards innovation efforts.
WHAT IS OCASIO?
The OCASIO process socialises the problem of capital allocation, engages stakeholders, provides terms of reference, identifies appropriate levels of commitment, mandates strategic renewal activities and supports the development of an Innovation Portfolio.
WHO CAN BENEFIT FROM THIS PROCESS?
O.C.A.S.I.O. has been developed for directors, key decision-makers and leaders who recognise the need to engage in strategic response and renewal activities.