Assessing Feasibility

Strategic change requires time, effort, and money (TEM), so make a realistic assessment of your ability...

Feasibility addresses whether it is within your power and capabilities to implement a strategic option. Strategic change requires time, effort, and money (TEM), so make a realistic assessment of your ability to make it happen by asking questions such as:

• Is sufficient funding available? You may be a small team that could deliver a great new service if you have a million dollars, but is it possible for you to access that funding?
• Do we have the time available?
• Do we have the skills in-house (or could we access them) to make this option happen?
• Does your organizational culture support the change? Your management may be highly risk averse, for example, and block radical plans.

ACTION POINT: Know your strengths and what you have the ability to deliver on.