1-2-3 ACTION steps to better innovation budgeting.
“1-2-3 ACTION steps to better innovation budgeting.””
Darrell Velegol, PhD
2024apr10
Many of you are in budgeting season now for fiscal 2025. You’re faced with a mountain of projects and a finite budget, and you’re asking, “How should I place my innovation bets?”. I suggest these 3 steps to success:
Email darrell@knowlecular.com to request a meeting. Talk for ~15 min by video to discuss your situation and learn how we “might work together” to get you the benefits listed earlier.
Set a visit (2 hours to a whole day, or Zoom if it works) to clarify objectives, value to your company, and anticipated dates. We’ll sign any NDAs or related documents.
Establish a contract and work together toward victory!
Knowlecular Processes (KPCo) will work with you to help you attain higher returns, lower risks, greater focus and simplicity, and peace of mind! Here’s what we do:
You GET: 1) For every project in your portfolio, a quantitative and optimal amount of your resources to bet on that project -- whether it’s innovation, capital investments, or other. 2) A clear framework for communicating the essential info about each project among your team. 3) Focus, simplicity, peace of mind!
You SUPPLY: 1) Four key parameters for each project. You might already have the key numbers! If not, we’ll help you get them. If yes, we’ll help you refine and clarify them. 2) Constraints (e.g., strategy, seed projects, locational needs) that would guide the optimization.
RESULTS: We’ll show you how you can increase your Probabilistic Value (ProbVal) by 10-20%, at low risk. You’ll start seeing results in one week after we have the key info. Our fee is based on the ProbVal.
Here’s a link to more info about KPCo.
https://drive.google.com/file/d/1ncLytfgq4OC_P1KPy7GDjfAfqjcr3MMd/view?usp=sharing
