How do you decide which of multiple opportune paths has the greatest validity? With the situation assessment information now at hand, Grifco is ready to assist you. Opportunity Identification is a business competency we relish imparting in our clients. Truth is, business owners and executives who believe strongly in their company are already Opportunity Identifiers, making reality of idea every day. Business owners take a macro-perspective or viewing larger environments where business will be situated. The missing element is developing principles by which to make judgements.
The Harvard Business Review in 2012 named The 5 C’s of Opportunity identification: Circumstance, Context, Constraints, Compensating Behaviours, and Criteria. While these discussions emerged via the entrepreneurship classroom and taught as an essential capability, it is helpful too in seeing solutions from afar amidst any challenging situation where critical choices need to be made. The less material that contributes to the five C’s, the less likely the opportunity is real