Friday, March 11, 2022

Initiatives

Running a business is about taking continuous initiatives for solving problems large or small.

Every business initiative is to achieve certain goals. Any business initiatives, especially change should be viewed as an "opportunity" for solving business problems, improving employee productivity/engagement, or customer satisfaction, cutting costs or optimizing products/ services/processes. 

The very goal of business initiative management is to set the right priority, align key success factors of the organization, streamline business resources, process, capability, capacity to improve overall organizational effectiveness and maturity.

     Initiatives


Characteristics of Initiatives Digital enterprises are inherently complicated nowadays, with rapid changes and fierce competitions, organizations have to continue to build new business capabilities and “keep the lights on” by taking business initiatives and making solid deliveries consistently. Every business initiative is to solve a certain problem and achieve certain goals. There are strategic initiatives and tactical initiatives. The transition from a small initiative to demonstrate value to a completely integrated solution is a journey that continues as the organization's information needs continue to evolve with the business. Organizations have limited resources and budget, thus, it’s important to plan well, keep the “big picture” in mind and improve the success rate of business initiatives.

Initiativeprosconsanalysis Running a business is about taking continuous initiatives for solving problems large or small. Every business initiative is to solve a certain problem and achieve certain goals. There are strategic initiatives and tactical initiatives. There are functional initiatives and cross functional initiatives, quick win or long run focused initiatives, etc. Thus, it’s important to identify what generates the most value for the company and expressing that in strategic objectives helps managers keep their eyes on what matters.

Initiative & Improvement Contemporary businesses are overwhelmingly inundated by exponential growth of information and too many different types of business change management initiatives. Generally speaking, change is usually required when an organization is expanding its business, its mission, instilling a fresh culture, or installing/implementing some new technology. so there is no one size fits all approach to successfully managing change.

Initiative Management Every business initiative is to solve a certain problem and achieve certain goals. To improve organizational manageability and agility, the business leaders need to check how the business initiative differentiates the organization from its major competitors? Are they competing for best quality, cost advantage or efficient value chain? Do they use resources and corporate assets efficiently? Can their processes do what they promise? Without a clear vision and strategic planning, leaders often miss the big picture and become complacent or comfortable with the old ways.

Initiative & Involvement Change is inevitable. Running a business today is an iterative planning-action continuum. High performance organizations take business initiatives proactively and drive continuous progress steadfastly. Change is never for its own sake, any business initiative, especially change, should be viewed as an "opportunity" for solving business problems, improving employee productivity, delighting customers, optimizing costs or improving business products/services/processes.

The blog is a dynamic book flowing with your thoughts; growing through your dedication; sharing your knowledge; conveying your wisdom, and making an influence through touching the hearts and connecting minds across the globe. The “Future of CIO” Blog has reached 7 million page views with about #8700 blog postings. Among 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. Blogging is not about writing, but about thinking and innovating new ideas; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify diverse voices and deepen digital footprints, and it's the way to harness your innovative spirit.

0 comments:

Post a Comment