Doing the Right Thing vs. Doing Things Right

Businesses have always had decision-making challenges due to lack of relevant, complete, accurate, and timely information. Efficiency means optimal performance and represents qualities we expect business leaders to establish within their enterprise. However, it is important for executives to take a step back and assess if they are doing the right things, especially with all the changes and chaos in the industry. By adopting an Enterprise Portfolio Management (EPM) approach, leaders can gain more insights into their business and make informed decisions to invest or divest in certain assets, hence 'doing the right thing.' This approach also helps decision makers avoid making assumptions and use facts to make consistent decisions.