All of us know the phrase “the eighty-twenty rule”. In business the idea that there can be such a disproportionate weight in the contribution of employees and customers to our goals and purposes has confounded many an executive and owner.
We at Y Squared Advisors believe that accepting the 80-20 rule is just keeping with the status quo and not a way to differentiate your self, your business, of for that matter any endeavor. To be distinguished one need not only be inside the “20” they need to be in the top 20% of the 20. This we call “Y Squared”.
Possessing “Y Squared” attributes is natural for some, they’re born with it. It is also an attribute acquired from the hands on application of abstract and critical thinking to achieve real and measurable improvement. These are the “Y Squared” thinkers you want whenever a radical break from the status quo is necessary.
When you consider adding talent to your organization do you expect that individual to just help you maintain the status quo? Of course not, you must keep your competitive edge and your reputation as a forward thinking organization, particularly in an economy where one has to do more with less. The special results delivered to you by those who scorn the status quo, you should also expect from your key projects and initiatives. Unfortunately, many times you find that deliverables costs more, take longer to achieve and may not satisfy defined goals and objectives. A status quo outcome.
From our work, we know that the ROI (Rate of Impact) of any project is often determined during the crucial first steps of the initiative, before much of the funds and resources are committed. Defining strategy, identifying risks, vesting stakeholders early on in the need for change, aligning executive management with the purpose and modeling the before and after effects are just a few of these steps. Furthermore, our work has shown that the ROI phase is the least costly and most productive way for achieving successful project implementation.
From you own experiences you already have learned that the return on investment (the financial ROI) is too often eroded during implementation. One of the observed reasons for this is a weak or incomplete ROI phase.
Our mission is to help you realize the impact of you projects at the point of decision and avoid the risk of waiting until the end to find out how you did. This is a “Y Squared” result.
Pease give us a call to discuss a no-obligation three day scoping engagement to review your most troublesome projects or to help you kick-off an idea you’ve been thinking about. Our expertise is in finance, investments, financial services and technology planning. We work only with decision makers.
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