Identifying and Prioritizing Business Opportunities Template
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Effectively evaluate and prioritize potential business opportunities with this comprehensive template. By leveraging the Quadrants method, you can visualize and focus on the most urgent and important opportunities.
Follow our step-by-step guide to identify, evaluate, and prioritize opportunities, develop actionable strategies, and implement them to drive business growth.
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Identifying and Prioritizing Business Opportunities in Priority Matrix
Identify and prioritize business opportunities using the Quadrants method.
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Proposed Tasks
High Impact, Urgent
-
Task 1: Identify potential opportunities due in 1 week
☐ Identify new markets ☐ Identify new partnerships ☐ Identify new products or services -
Task 3: Prioritize opportunities due in 3 weeks
☐ Prioritize based on potential impact ☐ Prioritize based on urgency -
Task 5: Implement action plan due in 2 months
☐ Implement market entry strategy ☐ Implement partnership approach ☐ Implement product/service development plan -
Task 9: Implement adjusted strategy due in 6 months
☐ Implement adjusted market entry strategy ☐ Implement adjusted partnership approach ☐ Implement adjusted product/service development plan
High Impact, Not Urgent
-
Task 2: Evaluate potential opportunities due in 2 weeks
☐ Evaluate market potential ☐ Evaluate partnership benefits ☐ Evaluate product/service feasibility -
Task 4: Develop action plan for top opportunities due in 1 month
☐ Develop strategy for market entry ☐ Develop partnership approach ☐ Develop product/service development plan -
Task 8: Adjust strategy based on results due in 5 months
☐ Adjust market entry strategy ☐ Adjust partnership approach ☐ Adjust product/service development plan
Low Impact, Urgent
-
Task 6: Monitor progress due in 3 months
☐ Monitor market entry progress ☐ Monitor partnership progress ☐ Monitor product/service development progress -
Task 10: Monitor progress of adjusted strategy due in 7 months
☐ Monitor progress of adjusted market entry strategy ☐ Monitor progress of adjusted partnership approach ☐ Monitor progress of adjusted product/service development plan
Low Impact, Not Urgent
-
Task 7: Evaluate results due in 4 months
☐ Evaluate market entry results ☐ Evaluate partnership results ☐ Evaluate product/service development results