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CONSULTING TOOLKIT

     Narrowing to a Recommendation

     Evaluating Alternatives




© 2007-2012 IESIES Development Ltd. All Ltd. Reserved
       © 2007-2012 Development Rights All Rights Reserved
The most important stage in solving a problem is to define the
  problem
PROBLEM DEFINITION SHEET
Situation




Complication



Key Question


       In Scope            Out of Scope                             Criteria for selecting solution



                                                                          How will we select
                                                                          the best solution?


                   © 2007-2012 IES Development Ltd. All Rights Reserved
When you need to evaluate alternatives, evaluation against
 Evaluation of alternative strategies for Chint
                            PRODUCT                              CUSTOMER                      TECHNOLOGY
   Fit with future
   business
   environment       •Under competitive                 •Labour cost and                  •Growth in high-end
                      pressure                           construction trends               demand
   Chint ability
   to win
                     •Chint is M3 leader in             •Chint already most               •Multinationals a long
                      largest market                     important supplier                way ahead
   Chint ability
   to execute
                     •Least change – current            •Major reorientation to           •Requires global reach
                      driving force                      marketing                         and long term view
   Overall

                     •Recommended; explore              •Recommended; explore             •Chint not ready yet
                      attractiveness                     execution risk

                                                More sophisticated:
Source: Team analysis                 Use weightings on a spreadsheet
                                   © 2007-2012 IES Development Ltd. All Rights Reserved
Use a 2x2 Market Attractiveness/Competitive Position Matrix to
      prioritise across segments

  SEGMENT PRIORITISATION MATRIX
 ATTRACTIVENESS
              Attractive

   What
   components?




              Unattractive




                             Disadvantaged                   No Advantage                  Advantaged
                                                                                                        What
                                                                                                        components?
Source: Team analysis                                                       COMPETITIVE ADVANTAGE
                                    © 2007-2012 IES Development Ltd. All Rights Reserved
The Impact/Ease Matrix can be used to prioritise action


Impact/Ease Matrix

   Impact                                                                  DO ALL
                Critical

                                                 DO ONCE
                                                DARK GREEN
             Important                           ON TRACK




            Incremental                            DON’T DO
                                                 [REVISIT IN 12
                            DON’T                  MONTHS]
                             DO
             Uncertain

                           Hard                                                     Easy



                                   Ease of Implementation
                             © 2007-2012 IES Development Ltd. All Rights Reserved

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Evaluating Alternatives Toolkit

  • 1. CONSULTING TOOLKIT Narrowing to a Recommendation Evaluating Alternatives © 2007-2012 IESIES Development Ltd. All Ltd. Reserved © 2007-2012 Development Rights All Rights Reserved
  • 2. The most important stage in solving a problem is to define the problem PROBLEM DEFINITION SHEET Situation Complication Key Question In Scope Out of Scope Criteria for selecting solution How will we select the best solution? © 2007-2012 IES Development Ltd. All Rights Reserved
  • 3. When you need to evaluate alternatives, evaluation against Evaluation of alternative strategies for Chint PRODUCT CUSTOMER TECHNOLOGY Fit with future business environment •Under competitive •Labour cost and •Growth in high-end pressure construction trends demand Chint ability to win •Chint is M3 leader in •Chint already most •Multinationals a long largest market important supplier way ahead Chint ability to execute •Least change – current •Major reorientation to •Requires global reach driving force marketing and long term view Overall •Recommended; explore •Recommended; explore •Chint not ready yet attractiveness execution risk More sophisticated: Source: Team analysis Use weightings on a spreadsheet © 2007-2012 IES Development Ltd. All Rights Reserved
  • 4. Use a 2x2 Market Attractiveness/Competitive Position Matrix to prioritise across segments SEGMENT PRIORITISATION MATRIX ATTRACTIVENESS Attractive What components? Unattractive Disadvantaged No Advantage Advantaged What components? Source: Team analysis COMPETITIVE ADVANTAGE © 2007-2012 IES Development Ltd. All Rights Reserved
  • 5. The Impact/Ease Matrix can be used to prioritise action Impact/Ease Matrix Impact DO ALL Critical DO ONCE DARK GREEN Important ON TRACK Incremental DON’T DO [REVISIT IN 12 DON’T MONTHS] DO Uncertain Hard Easy Ease of Implementation © 2007-2012 IES Development Ltd. All Rights Reserved