In this short article series you will learn about a single idea or a thought that will help you make a change, create value or improve something significantly.
The EPPC+E Methodology came as a result of fruitless thinking about how value can be created. To do this you really need to understand what value creation is. We are not talking about value creation as it is taught at the Harvard MBA but a simplistic definition that the common person can understand and use. Value Creation is the idea and process through which some form of improvement is made. This change is mostly understood to be a positive change.
The EPPC+E Methodology has 4 core components
E - Evaluate - Take a look at what you need to change. maybe its a business plan, an approach or a strategy. Evaluate it again from grounds up and look at it not only from a pro an con view but send it through various filters such as financial, analytical, emotional or other as applicable. Sometimes we miss a major aspect that may come to light when you re-evaluate.
P - Plan - You have got to have a plan. Not to repeat this a billionth time but if you fail to plan you plan to fail. Planning like more important than ever because it helps you identify the best way to succeed, identify what can go wrong and be prepared accordingly. Sometimes when you succeed, you do not know what the next step is. Planning both success and failure will help.
P - Prove - Once you have moved past the planning stage and want to forge ahead, I would highly recommend starting small and proving the idea, thought or plan at a smaller scale rather that going all out. Agility is the ability to make changes faster and incorporate them on the go as you improve. A small start will help you be more agile and lower your risk. How slow you should go depends on what your timelines are from your planning stage. Once you master what you have undertaken, you can increase the amount of effort and accordingly the results.
C- Create - The is the bigger effort once you have proven the idea at a smaller scale. Once at the creation stage, make sure that you are tapping back into your Plan to evaluate risks, potential improvements, opportunities and threats. A number of models are available to do this include the simple SWOT analysis.Try to use a process framework for success as processes are proven methodologies to have the best chance of succeeding. These could be Agile, Kanban, PMI, and many other simple as well as complex frameworks. Track your results like crazy and make improvements as you go along.
E - Execution - A every stage Execution is key. It is not the perfection of the execution, but the consistency of the execution that will matter most.
Apply the EPPC+E framework thinking to your next goal, task or idea and see how it pans out. Also build a habit of being consistent in your approach and as a simple framework EPPC+E will help you just do that.
About Ian Khan
Ian Khan is a 3 times TEDx Speaker & Technology Author. Author of Cloud Wars, The Internet of Things (IoT) A Concise Introduction, The Internet of Things & the Future of Innovation, Make Me Like You, 21 Steps & Get Ahead, Ian is an emerging Technology & Business speaker, deeply passionate about helping audiences simplify their understanding of Technology and uncovering more value. His upcoming book is “Meaningful Conversations” - Value creation in the era of digital disruption.