Wednesday, November 30, 2022


Forward-thinking organizations have to take an iterative approach in prioritizing and managing business initiatives.

Business is nowadays complex, uncertainty of outcomes or occurrences is inherent in numerous business endeavors. Any business initiatives should be viewed as an "opportunity" for solving problems.

 To manage business initiatives successfully, assess well-defined goals; quality information and logical scenarios are needed to achieve high performance results.

It’s critical to take top-down, structural business initiatives for building long-term organizational advantages: For systematic innovation or strategic initiatives, top-down approach is beneficial when the organization maintains coherence while allowing autonomy and managing a right balance between exploration and exploitation. Senior business leaders must think hard and make tough decisions on time, make sure that the business moves in the right direction.

To avoid obsolescence and take proactive management discipline, change needs to be inspired from top-down, as the top leadership team’s commitment will reassure those who have doubts, understand psychology behind change, keep the “big picture” in mind, and identify what generates the most value for the company, to reach high horizon of business growth. So strategic business initiatives need to be sponsored from the top; but change cannot be fully managed or controlled top down, it has to be proactively made bottom up to produce tangible results.

It’s imperative to build a people centric organization by initiating more outside-in customizing solutions: To keep business competitive and build a strong brand, forethoughtful companies perceive problems from the outside-in customers’ perspective, take initiatives to produce customized solutions. The customer, including prospects, should be studied and gain insight upon. Using a more inductive approach as to what the customer wants to accomplish "next" by making logical inquiries: Does your business solutions make logical sense to customers, make them feel special? What’s the customer’s impression on your brand? Do you reward loyal customers or push them away? Etc.

Taking initiatives for improving customer satisfaction is about tailoring their needs and solving their problems smoothly. Be it people-centric services, products, or solutions, improvement and achieving the right balance in any truly customer-centric organization requires all team members to believe that things can be improved. The difficult challenge is not just launching a successful team, but maintaining their motivation and focus, aligning resources and talent seamlessly to improve business efficiency, effectiveness, and customer satisfaction.

Initiate innovative business initiatives, advocate diversification, improve differentiated competency:
Innovation is neither an isolated process nor just the latest technology, but a structural system capable of delivering organization-wide capabilities. The focal point of initiative management is based on the future trend, the interconnectivity of subsystems; and based on what the system requires for its long-term sustenance. When there is an intentional innovation strategy in place to not only increase awareness but to link the power of diversification to key initiatives and team effectiveness, it will make a significant difference.

The objective of innovation portfolio management is to provide visibility of business initiatives management that are supporting the company's strategic objectives and assess opportunities to realign resources and investments as appropriate. At the macroeconomic level, clustering is becoming more and more important for creating a creative atmosphere. Innovation ecosystems should fully cover a wide enough direction so that companies can operate within ecosystems for delivering tailored solutions to customers continually.

Forward-thinking organizations have to take an iterative approach in prioritizing and managing business initiatives, building intelligence and innovation into the essence of business. They need to apply effective principles, technologies, tools or methodologies to change efforts for really adding value to corporate growth in the long term.


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