20.3. Prioritizing Business Objectives for Execution

To continue with the process planning example in Subchapters 20.1 and 20.2, the business objectives and action items identified and documented by the business-unit teams are now prioritized. Many enterprises fail to perform this step, but this prioritizing before selecting any specific business objective for implementation requires that management develop a list of business objective prioritization criteria (see key examples in Table 20-4).

Table 20-4. Example Business Objective Prioritization & Selection Criteria
Criterion#Rank(s)Criterion Description
11 thru 5How well does business objective support the related business strategy
21 thru 5Can the financial factors (such as budget, cash, and ...

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