How would you choose projects to invest in with precious little resources? This also means selecting what not to pursue.
Most companies are faced with how to select from among many projects to pursue. There are various things to consider: ROI and payback, fit with the company's other products and skill sets, etc. I have seen some where there is a formal process to gather critical information, In this approach there is an open discussion among leadership and then anonymous scoring on criteria like ROI, market share, customer relations, etc.
I have seen others where there is a multiple cycle of voting. Say you need to select twelve items from 90 and there are 10 managers. You first ask each manager to nominate projects - they can give one or twenty - the number does not matter. Once you list them all out you have each manager select anonymously the twelve they believe should be selected.
In the first round, any selected unanimously is selected and any that are not on any list are eliminated from consideration. .
In the next round it is the same but any that were on one list or less are eliminated
In the third round if a project is on all but one list it is placed on the selection list and if a project is on two lists or less then it is eliminated.
This repeated until a final list is achieved. IT moves surprising fast.
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- Trang Pham1316409499
Basically, I would choose a project to invest in by analysing the following factors:
- the kind of work it is, how much it attracts me
- what is the objective of the project
- what do the partner expect the result will be
- what benefit I can get from my investment
- Is the partner reliable enough? is there any bad experience in history?
- evaluating the ROI.-
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Hi Herbert,
Do you have plan to invest? or is it a intellectual brainstorming?
What is the little resource? money? time? knowledge of the market?skill to develop?
Just to let you know that facebook, google and vinagame had NEGATIVE ROI when the investors decided to pour in capital. Vincom ROI very low...
By the way, I never saw such a process for investment selection. Usually you select market/sector and team, but also you only ask many people if it is not your money -like investment funds- they need to protect themselves by having a majority of people selecting some company to invest in.
If something wrong happens, they can always back down the faulty research...-
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@ Trang Pham & Pascal Ho Ba Dam -- These are good answers and follow up questions.
What would you do if you were in a team of say ten people and your boss said to the entire team "you have five possible projects and enough money to invest in one". What process would you follow to ensure all ten people had some say in the matter and the team would be able to arrive at a good answer?
It s not an easy answer as you want support from all ten and want to pick the best project to invest in.
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Every one has limited resource, so we can't do everything we want but only to choose a few most important ones based on:
- Fit with the company long term strategy
- Also contribute to the shot team 1 year objective
- High ROI vs.others
- Help develop people / create internal opportunity for people who join-
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OK, I understand.
I would just suggest my boss to do his job and give me his guideline instruction to start on something. Otherwise, I would much be tempted in asking him to do a supply chain study if it is my expertise. missing the most important point for all. Do We have a Market? Do we have clients? Will they pay thr price so that we make enough profit to meet investor requirement level?If I was the boss, then I will give them all of them the following assignment:
'In the next x days, by yourself, each one think and get elements to show if "we can find client, retain them and get more clients every day that God makes..." And now with the power of the Internet, I will add an icing on the cake, the profit made while you sleep in the night on the Internet will be your bonus, if any! Come back to me for a meeting and your draft answer"Then if yes, we go to next stage. With processes then returns, then financing, then CHOICE for whom made the cut Vs other Investment opportunities like bonds, property...
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