Thursday, August 25, 2022


Great business initiatives should be viewed as an "opportunity" for solving crucial problems, even a set of relevant problems effectively.

Organizations today are inundated with the sea of information, overwhelmed with too many business initiatives, overloaded with operation and short term business concerns. 

There are strategic and tactical initiatives, management initiatives or GRC initiatives, identifying what generates the most value for the company and expressing that in clearly-defined business goals helps business leaders keep their eyes on what matters, strike the right balance of long term perspective and quick benefits.

Interdisciplinary initiatives: The business problems are becoming much more complex and continue emerging today due to constant changing, the functional border is blurred and industries start converging. For the large scale of business initiatives, it’s important to establish a cross-functional team to involve multifaceted management, interdisciplinary experts, and cross-dimensional practices. The space and time are made to scope, plan, and implement prioritized initiatives in a structural way. It's imperative to put the right people with the right talent in the right positions, empower them to take cross-disciplinary initiatives with good intention; equip them with the right tools to get the work done efficiently for solving problems collaboratively.

Innovative initiatives: When a business becomes overly complex and people get frustrated by not being able to accomplish work easily, or they get stuck by change inertia. This drives the search for simpler concepts and methods, which is the need to take the innovative initiative for solving problems alternatively. Diversification and differentiation make the business stand out by allowing the organization to break down bottlenecks, rejuvenate creative energy and take innovative initiatives to develop unique business competencies. The real challenge is to understand your customers, processes, business context, know where to find innovation hot spots, how you can and should leverage available resources, boost creative energy to achieve high performance results consistently.

GRC initiatives:
In many organizations, much of risk and compliance is reactive in the sense that there is a lot of rushing around trying to fix problems after they have occurred. To simply put, they have reactive governance which is not effective enough to fit the rapidly changing environment. To improve organizational maturity, it’s important to set up GRC initiatives in an organization for identifying those common risks which various stakeholders in the organization have to deal with, aim to improve risk intelligence, enhance compliance discipline, take holistic GRC approaches in a composed fashion for strengthening business alignment, decision coherence and business manageability.

Great business initiatives should be viewed as an "opportunity" for solving crucial problems, even a set of relevant problems effectively. Effective business initiatives require prioritization skills, the highest risk-taking at a strategic value chain; including investments and manageability. To keep eyes on what matters, identify what generates the most value for the company and express that in strategic objectives, analyze potential pitfalls, and set the right priority for producing great outcomes.


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