Toolkit for prioritization

Three simple steps for a thought leader to prioritize the problems to solve. Say you have a solution for each of the problems (if you don’t have one, don’t use this yet…..keep thinking about the solution :-). Label them as A, B, C, and so on. I really hope you have less than Z!

Note: I keep it simple here. If you would like to see details, please reach out to me by commenting below.

Step1: Find where each of the solutions fits in the Value matrix and mark them on a chart like below:

Step 2: Now, find where each of the solutions fits in the Complexity matrix and mark them on a chart like below:

Complexity matrix

Step 3: The final step — compute the net value and net complexity by merging the above charts and see which quadrant each of the data points fall into.

Prioritzation matrix

If you have many data points in the quick wins quadrant, you may have to go to next level of analysis to find the items of high customer value, high business value and less complex.