July 16, 2024

What's the best method to prioritize which AI opportunities to pursue?

In our previous post on finding opportunities, you took a huge step forward: you identified several pain points in your workflows—those tedious, repetitive tasks begging for improvement. Each one of these is a potential 10X opportunity, a chance to make a significant leap forward in efficiency or growth

But with so many possibilities, the big question is: where do you start?

Prioritization is Key

Not all opportunities are created equal. Some will have a bigger impact on your organization, while others might be easier to implement. Trying to tackle everything at once can lead to scattered efforts and diluted results. That’s why prioritization is critical—to ensure you’re focusing on the changes that will generate the most value first.

How to Prioritize Your 10X Opportunities

Here’s how we think about prioritization at The Strategic Edge:

Impact on the Business
  • High Impact: Focus on the areas that will have the greatest positive effect on your role & organization.

  • Quick Wins: Sometimes, a small change can lead to big results, especially for pains that are felt by only a few people. If there’s an opportunity that’s easy to implement and offers immediate benefits, it’s worth considering as a starting point.

Feasibility and Resources
  • Ease of Change: Some changes may require more people, money, time, technology, education, or effort than others. Start with the opportunities that are feasible with your current organization AND are technically feasible, especially if they don’t require significant investment or disruption.

  • Available Resources: Consider the resources— particularly human but financial as well —that you have available. If a project would stretch the team too thin, it might be worth delaying until you can fully commit.

Alignment with Strategic Goals & Objectives
  • Mission Fit: Prioritize opportunities that align closely with your broader goals. If a 10X improvement supports your mission or strategic direction, it’s likely a high-priority candidate.

  • Long-Term Benefits: Some opportunities may not offer immediate rewards but could provide significant long-term benefits. Balance the need for quick wins with the potential for lasting impact.

Risk and Reward
  • Risk Assessment: Evaluate the risks involved with each opportunity. Is there a chance of significant disruption if the project doesn’t go as planned? What happens if people don’t change their status-quo? What if a project slips off the radar or is deprioritized in six months? Start with lower-risk opportunities if you’re looking to build momentum.

  • Reward Potential: Consider the potential rewards against the risks. High-reward opportunities might be worth taking on even if they come with a bit more risk.

Taking the First Step

After considering these factors, it’s time to start planning. Choose one or two top-priority opportunities and start planning your approach. By focusing your efforts, you can ensure a smoother path to success and set the stage for tackling even bigger challenges down the road.

Looking Ahead

Once you’ve prioritized your 10X opportunities, the next step is to assess your readiness to implement them. I’ll cover this in our next post.

Need Help Prioritizing?

If you’re unsure where to start or need help weighing your options, we’re here to help. Schedule a quick call, and let’s work through it together.

👉 Book a 15-minute call to prioritize your 10X opportunities and get started on your path to exponential growth.

Making moves together!


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