Wednesday, August 24, 2022

Initativeportfolio

It is the responsibility of each individual to examine themselves and to make sure they are open to true understanding.


A digital strategy is cross-functional effort, multidisciplinary, multidimensional planning; it brings up new functions, roles, collaboration, demand for intuition and emergence, complementarities, philosophy, neutron sciences, and trans-disciplinary businesses. And digital strategy execution is not linear steps, but an iterative continuum.



Strategic Initiative Portfolio 


Initiativeportfolio A business initiative is to solve a certain problem and achieve certain goals. There are strategic initiatives and tactical initiatives. Organizations are at a different stage of the business growth cycle, they have different strategies for business initiative investment and business portfolio management.

Initiativestoleadchangestrategically The environment which the company is in changes over time, new competitors in the market keep evolving. In differentiation, competitive advantage is probably more to do with the maintenance of brand, reputation, and quality. A good strategy includes a set of choices, a comprehensive guideline, a series of actions, and a right set of metrics to evaluate results. A strategy is to plan for the inevitable, while risk management is to prepare for the inevitable. Strategy execution success is more dependent on the business's agility to respond to changes, capabilities to implement, and resilience to fail forward.

InitiatestrategyconsiderationThe blurring line of business border and the uncharted frontier of an organization provides both unprecedented opportunities and emergent risks that directly impact the survival of the business. In order to craft a good strategy, the corporate management has to have abilities to ask the hard questions and engage in meaningful dialogues constantly. "When is a strategy not a successful strategy?" Part of the issue is that there is usually no coherent strategy.

InitiateInterdisciplinarycycle In face of frequent disruptions, exponential growth of information, organizations across vertical industries need to constantly “push themselves” out of their comfort zone to improve business agility, keep reinventing themselves, and adapt to changing environments promptly.

Initiatestrategyimplementation A good strategy helps the organization get a step closer to its vision, maintaining its core purpose, gaining a competitive advantage in the market to ensure all key/strategic stakeholders' expectations are balanced and met and improving long-term sustainability of the business.

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