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, efficiency, and maturity.
Organizational leaders and professionals must be comfortable with “VUCA'' reality, understanding what’s relevant and what’s not, searching for flaws in decisions, widening the possibility of pursuing the better version of truth, being context-fluent for solving thorny problems radically, and advancing human society structurally.
It’s important to resolve external dependencies in an organized way: Businesses are like network switches which are connected to the ever-evolving business ecosystem. There is the multitude of dependencies-interdependencies cycle businesses need to deal with, and there are both visible and invisible factors that companies should leverage to create synergy.
To improve business manageability, the external dependencies need to be internalized wherever possible. It means that other related business initiatives outside the control of the particular initiatives need to be brought into a program. There is a co-dependency that should be recognized in a respectful manner that facilitates the strategic goals and objectives of the enterprise. It takes both disciplines and practices for prioritizing requirements, resolving external dependencies, and keeping things synchronized to bring high performance results.
It’s important to build a strong organization with all the required capabilities and capacities for the initiatives: The success of business initiatives is based on a cohesive business capabilities. It can offer the opportunity for senior management to determine whether they are supporting the appropriate projects by making an objective assessment of business capabilities and capacities.
So the business capability map is aided by an assessment of how well the enterprise currently delivers on these capabilities; What would be the top line benefit to the line of business by delivering solutions with faster speed? How much could be saved through reducing time to delivery if you didn't have to start from scratch with every new solution? Decisions can be made as to whether to continue or invest in specific capabilities in order to meet the objectives as well as how to build a differentiated business capability portfolio for the long run.
It’s critical to resolve impediments in an efficient way: In a world of complexity, uncertainty and ambiguity, no one can control the outcome of emerging events and unexpected disruptions completely. There are “hard barriers” such as ineffective management disciplines, weak process links, decision bottlenecks, outdated procedures, etc, which are all detractors to stifle changes. There are “soft barriers such as communication gaps, internal politics, bureaucracies, or cultures of inertia, etc. “The resource bottlenecks'' or “Lost in Translation” could happen at any level of the organization, Etc.
Too few business enterprises have appropriately aligned or devoted sufficient resources to their risk management efforts. Practice the art of effective management to make sure the culture vehicle of the team is to recognize the critical role of raising and addressing impediments plays in business initiative management. It’s important to overcome the fear associated with risks, and make a smooth shift from risk control to risk intelligence.
There is more than one road to lead the digital way, and there are many best practices to fine-tune the organizational management discipline. 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, efficiency, and maturity.
It’s important to resolve external dependencies in an organized way: Businesses are like network switches which are connected to the ever-evolving business ecosystem. There is the multitude of dependencies-interdependencies cycle businesses need to deal with, and there are both visible and invisible factors that companies should leverage to create synergy.
To improve business manageability, the external dependencies need to be internalized wherever possible. It means that other related business initiatives outside the control of the particular initiatives need to be brought into a program. There is a co-dependency that should be recognized in a respectful manner that facilitates the strategic goals and objectives of the enterprise. It takes both disciplines and practices for prioritizing requirements, resolving external dependencies, and keeping things synchronized to bring high performance results.
So the business capability map is aided by an assessment of how well the enterprise currently delivers on these capabilities; What would be the top line benefit to the line of business by delivering solutions with faster speed? How much could be saved through reducing time to delivery if you didn't have to start from scratch with every new solution? Decisions can be made as to whether to continue or invest in specific capabilities in order to meet the objectives as well as how to build a differentiated business capability portfolio for the long run.
It’s critical to resolve impediments in an efficient way: In a world of complexity, uncertainty and ambiguity, no one can control the outcome of emerging events and unexpected disruptions completely. There are “hard barriers” such as ineffective management disciplines, weak process links, decision bottlenecks, outdated procedures, etc, which are all detractors to stifle changes. There are “soft barriers such as communication gaps, internal politics, bureaucracies, or cultures of inertia, etc. “The resource bottlenecks'' or “Lost in Translation” could happen at any level of the organization, Etc.
There is more than one road to lead the digital way, and there are many best practices to fine-tune the organizational management discipline. 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, efficiency, and maturity.
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