The Importance of Business Roadmapping

5i-Pro is a Business Roadmapping Toolkit developed by VSAPAC to ensure that 5 core pillars of an organisation or a business, are identified, strengthened and implemented via a business roadmap.

These 5 core pillars relate to

a)     Internalisation: determination of core competencies and strengthening business models

b)    Innovation: in terms of organisation, product, process and platform

c)     Integration: how connected it is to the business ecosystem online and offline

d)    Investment: the extent of funding diversification across equity, debt, grants.

e)     Internationalisation: readiness to venture abroad and access to foreign markets

But what is a business roadmap used for?

The roadmap makes sure that gaps in the plan are identified and can be closed as needed in the future. It also serves as a guide for the team during the implementation process, allowing them to recognize and act on events that require a change of direction. Roadmaps are also being used to communicate the firm’s plan to various stakeholders.

Our 5i Business Roadmapping toolkit (Professional version) comprises of 4 parts:

1)     Needs Analysis in more than 30 business dimensions

2)     Business Resource Planning and Budgeting

3)     Business Strategic Planning

4)     Business Implementation Roadmap

There are 10 reasons how our 5i Competency Building Toolkit could assist your organisation improve its performance:

1. Roadmapping is just good planning, for all the areas that contribute to a successful business prioritisation strategy. The roadmapping process leads a cross-functional planning team to fully examine potential competitive strategies and ways to implement those strategies.
2. Roadmapping helps the team make sure that they will have the right resources and capabilities at the time they will be needed to carry out their strategy.
3. Roadmaps link business strategy and market data with product and technology decisions. Roadmapping prompts a team to be specific with respect to planned features or performance in terms of value for customers.




http://www.vsapac.com/


4. Roadmaps reveal gaps in company, product and technology plans. Areas where plans are needed to achieve objectives become immediately apparent, and can be filled before they become problems.
5. Roadmaps prioritize investments based on drivers. We need to focus on customer needs, product drivers or technology investments.
6. Roadmapping helps set more competitive and realistic targets. This would allow the team to set objectives to lead, maintain parity, or lag competitors in specific areas.
7. Roadmaps provide a guide to the team, allowing the team to recognize and act on events that require a change in direction. Part of the process of developing a roadmap is to create a risk roadmap, identifying those events or changes in conditions that signal a need to reevaluate and revisit the plan during the development journey.
8. Sharing roadmaps allows strategic use of information and technology across product lines.
9. Roadmapping communicates business, technology and product plans to team members, management, customers, and suppliers. The roadmap also tells the larger development team, corporate management, and other development teams where the company is headed.
10. Finally, roadmapping helps to build the development team. The roadmapping process builds a common understanding and shared ownership of the plan, incorporating ideas and insights from team members and gear them into action.

For more information about the 5i Business Roadmapping Toolkit, please contact advisory@vsapac.com  or call (65) 6534-8047/49.