Friday, March 17, 2023


The very goal of business initiative management is to set the right priority, align key success factors of the organization to make desired change either at strategic or tactical level.

The digital world moves into a hyper-connected and interdependent relationship under “VUCA” business new normal. There are functional initiatives and cross functional initiatives, quick win or long run focused initiatives, identifying what generates the most value for the organization and expressing that in strategic objectives helps managers keep their eyes on what matters, align resource and talent smoothly, and improve business agility and competency.

Initiate business investment and expand business growth: Assuming the risk is highly likely to occur, corporate management needs to imagine with many experiences involved in current or in the past. For all critical business investments, investing managers need to be able to support essential initiatives with sound ROI reasoning by making logical inquiries: Why should we invest in what you are proposing? What are risks and hidden pitfalls? What are the best methods for calculating ROI? Apply interdictive analysis as a tool to estimate the impact of upcoming events that may happen in strategy/operation plans, clarify sequence & consequences, and how to improve performance. The business executives have to define strategies to make smart investments; make an objective assessment of their investment portfolio for achieving high ROIs.

Business initiatives exceeding the threshold for executive approval of investment should come to the Board. In many circumstances, business management probably wouldn't know where to invest in new capabilities. even if the organization thought there was any value justification for making the investment. Effective business initiatives require the high risk-intelligence at a strategic value chain; including investments manageability. If business investment fails to achieve expected performance, the management needs to improve their investment risk intelligence, scrutinize the weakest link in business investment, and improve business success rate.

Great business initiatives should be viewed as an "opportunity" for solving crucial problems, even a set of relevant problems effectively
: Every initiative is supposed to solve certain problems, large or small, make incremental improvement or transformative changes. Strategic business initiatives require the highest risk-taking at a strategic value chain. Take the time to look at every situation from multiple points of view. Assume that every problem has multiple solutions, always explore different choices, and define more than one way of achieving clearly defined goals.

Insightful business management makes an objective assessment of the initiative portfolio to ensure that all meaningful business activities should strive to build differentiated business capabilities to achieve ultimate business goals. The transition from a small initiative to demonstrate value to a completely integrated solution is a journey that continues as the organization's information needs continue to evolve with the business to strike the right balance of reaping short term benefit and long term advantage.

It takes a structural approach to manage strategic initiatives effectively: Due to the “VUCA” business reality, one of the big concerns is with the cost of backing out of strategy flaws. Forward-thinking organizations use strategy canvas to draw, see, think and plan. It is a fact that executing the strategy is usually more difficult than defining it, as it requires a longer period of time and resources alignment and implementation excellence. The strategy is a coherent plan to achieve specific goals through effective business initiatives with a series of mutually supportive and integrated actions.

Many strategies are not executable, as many organizations have an intention, but not an execution ethos. Without taking a breath to look back, plowing on to the next big thing before completely pulling all resources or running multiple simultaneous changes can be risky. It’s important to look for strategic business initiatives which will directly benefit external end customers, improve business competencies and in-turn bring in increased revenue. It’s always important to take strategic initiatives to build a set of unique business competencies that differentiates your organization from competitors, to reach the next level of organizational management maturity.

The very goal of business initiative management is to set the right priority, align key success factors of the organization to make desired change either at strategic or tactical level. Change is never for its own sake, any business initiative, especially change, should be viewed as an "opportunity" for solving business problems, improving employee productivity, delighting customers, optimizing processes and improving competency.


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