Great business initiatives should be viewed as an "opportunity" for solving crucial problems or the chains of problems effectively.
The management needs to check how the business initiative differentiates the organization from its major competitors? How does the business initiative develop compelling business cases? Are they competing for best quality, cost advantage or efficient value chain? For the large scale of business initiatives, it’s important to establish a cross-functional team to involve multifaceted management, space and time are made to scope, plan, and execute in a structural way, to improve business maturity effectively.
Information analysis initiatives: Information is one of the most invaluable business assets. It impacts everyone’s life, all companies’ survival. Hence, there are all the bells, hype and whistles for data management initiatives. It doesn’t mean every business must pour huge amounts of resources into it. To take initiatives such as workforce analysis to optimize staff management or sentimental analysis to satisfy customers, the management needs to make an objective assessment of estimated return on investment, time/resource cost, impact analysis. Keep the exact time schedule to everyone including inputs, analytical procedures, outputs and the cooperation required from the owners of the organization.
Without planning and prioritizing well, Information Analytics initiatives might fall by the wayside because they are not perceived to have an impact on the business as a whole. If an organization becomes data-driven but also simplified their business processes and infrastructure, there would be no "hangover." Being data-driven implies that the business demands the data and refines it into business insight and being simplified ensures that increased insight did not come at an increased cost or add another layer of complexity.
Process optimization initiatives: Processes underpin business capability. Crucial business processes directly impact business effectiveness and efficiency. Holistic perspective is critical to process improvement. Often, the people who work in the process are unaware of all the issues and problems. Thus the top management’s oversight is crucial for the success of process management initiatives by clarifying: How the initiative builds business processes that differentiate the organization from its major competitors, etc, select the measurement for assessing the potential for any business process improvement opportunities, feature enhancement or taking business initiatives to offer a competitive business advantage.
Analyzing the "as is" process can create value. You want to discover the process related issues such as quality, bottlenecks, worker frustrations, customer expectations, delays etc. For customer centric process optimization efforts, the front-line workers must be involved in the customer-centric process definition, revision, improvement. Because front-line workers often have direct experience serving customers. Can their processes do what they promise? With the awareness and understanding of all of the process flaws, business users and IT can begin to visualize both the need and means to create a much better process. Process optimization is not a one-time project, but a journey.
IT enabled application initiatives: Due to the digital nature of hyper-connectivity and interdependence, software applications will become more interrelated as we move to a world of personalization-of-people and systems-of-systems in which constraints govern how and what we develop. Architect applications that can form the foundation for the future, take business initiatives that are derived from strategy, improve visibility of applications and drive high return on investment.
The organizations have finite resources to apply to get the best yield possible to meet stakeholders’ expectations It’s the co-responsibility of business and IT to keep consolidating, modernizing, integrating, and optimize the application portfolio, help the enterprise achieve some cost savings by managing components that are common and reusable across the enterprise to improve organizational effectiveness and efficiency. The balanced IT application portfolio with more interrelated business initiative can deliver lots of value for the business in many ways.
We live in a dynamic environment with information exponentiality and unprecedented uncertainty. Great business initiatives should be viewed as an "opportunity" for solving crucial problems or the chains of problems effectively. Effective business initiatives require the high risk-taking at a strategic value chain; including investments and manageability. To avoid being overwhelmed by the complexity of business initiative management and overcome problem-solving fatigue, organizations need to take great opportunities for solving crucial problems by assigning their resources and time carefully and solving problems that really matter coherently.
Information analysis initiatives: Information is one of the most invaluable business assets. It impacts everyone’s life, all companies’ survival. Hence, there are all the bells, hype and whistles for data management initiatives. It doesn’t mean every business must pour huge amounts of resources into it. To take initiatives such as workforce analysis to optimize staff management or sentimental analysis to satisfy customers, the management needs to make an objective assessment of estimated return on investment, time/resource cost, impact analysis. Keep the exact time schedule to everyone including inputs, analytical procedures, outputs and the cooperation required from the owners of the organization.
Without planning and prioritizing well, Information Analytics initiatives might fall by the wayside because they are not perceived to have an impact on the business as a whole. If an organization becomes data-driven but also simplified their business processes and infrastructure, there would be no "hangover." Being data-driven implies that the business demands the data and refines it into business insight and being simplified ensures that increased insight did not come at an increased cost or add another layer of complexity.
Process optimization initiatives: Processes underpin business capability. Crucial business processes directly impact business effectiveness and efficiency. Holistic perspective is critical to process improvement. Often, the people who work in the process are unaware of all the issues and problems. Thus the top management’s oversight is crucial for the success of process management initiatives by clarifying: How the initiative builds business processes that differentiate the organization from its major competitors, etc, select the measurement for assessing the potential for any business process improvement opportunities, feature enhancement or taking business initiatives to offer a competitive business advantage.
Analyzing the "as is" process can create value. You want to discover the process related issues such as quality, bottlenecks, worker frustrations, customer expectations, delays etc. For customer centric process optimization efforts, the front-line workers must be involved in the customer-centric process definition, revision, improvement. Because front-line workers often have direct experience serving customers. Can their processes do what they promise? With the awareness and understanding of all of the process flaws, business users and IT can begin to visualize both the need and means to create a much better process. Process optimization is not a one-time project, but a journey.
The organizations have finite resources to apply to get the best yield possible to meet stakeholders’ expectations It’s the co-responsibility of business and IT to keep consolidating, modernizing, integrating, and optimize the application portfolio, help the enterprise achieve some cost savings by managing components that are common and reusable across the enterprise to improve organizational effectiveness and efficiency. The balanced IT application portfolio with more interrelated business initiative can deliver lots of value for the business in many ways.
We live in a dynamic environment with information exponentiality and unprecedented uncertainty. Great business initiatives should be viewed as an "opportunity" for solving crucial problems or the chains of problems effectively. Effective business initiatives require the high risk-taking at a strategic value chain; including investments and manageability. To avoid being overwhelmed by the complexity of business initiative management and overcome problem-solving fatigue, organizations need to take great opportunities for solving crucial problems by assigning their resources and time carefully and solving problems that really matter coherently.
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