Great business initiatives should be viewed as an "opportunity" for solving crucial problems, even a set of relevant problems strategically or technically.Business initiative management is crucial to build organizational capabilities, improve risk intelligence, reap some quick wins or achieve long term business success. 
Business management needs 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 brainstorm pros and cons of different business initiatives. The real challenge is to understand business priorities, know where and how you can and should improve, leverage available resources, focus on the most important things, boost the energy and excitement to achieve high performance results.
Initiative management oversight: Business today is usually overloaded with existing problems or emerging issues. They should always stay focused on the big picture of the organization, to ensure that the business is on the right track to achieve well-defined business goals without getting lost. Strategic business initiatives require the highest risk-taking at a strategic value chain; including organization, investments, alignment, etc.
Senior leaders need to be fluent in multidimensional thinking and must participate in creating and shaping a company's vision, clarifying logical reasoning for starting an initiative, take a holistic oversight of business initiative management, articulating and aligning them with Vision-Strategy-Structure-People & Processes) and assets; identify dependency on discretionary effort for business initiatives to succeed, boost the energy and excitement to manage a healthy initiative portfolio to achieve high value results.
A business case provides the description and reason for starting an initiative: The reality is that there are a lot of things that can go wrong and it is not always easy to identify what is important. Business executives are going to make a decision about a business case based on the "why" not the "what." A compelling business case describes the initiative’s benefits and costs flow. It is especially critical when an initiative is difficult to estimate the tangible return on investment:
A well-articulated business case helps the business management clarify: What solution options are available that will meet the business need and which option is the best option? How does the initiative situate the organization within a growing and highly profitable product market niche; how does the initiative build business processes that differentiate the organization from its major competitors. What is the Problem context - What's the current state? Market state, Opportunity, Market Segmentation? Etc.
It is insufficient to communicate an initiative’s promised benefits, because these benefits must be delivered: In order to keep reputation high and improve business management maturity, try not to over-promise and under-deliver. It’s important to be as conservative as possible in identifying benefits flows as too-ambitious benefits flows are easily countered. if you overpromise and under-deliver, you could end up committing to business initiatives that you cannot successfully deliver without an additional budget, and lose accountability,
Organizational management needs to properly understand all elements of value that are translated to the organization, as well as how all the pieces and parts of the organization are ultimately impacted, for good or bad, by each new business initiative. Besides financial return, one can expect to see business value to increase across domains dramatically in the medium to long term realistically. As return on investment is expanding into other less measurable, but no less tangible areas that cannot be measured fully in time or dollars, such as employee satisfaction, teamwork, select the right key performance indicators which can reflect the performance progress.
Great business initiatives should be viewed as an "opportunity" for solving crucial problems, even a set of relevant problems strategically or technically. The very goal of business initiative management is to set the right priority, align key success factors of the organization, streamline resource management, optimize process, capability, capacity to improve organizational performance holistically.
Senior leaders need to be fluent in multidimensional thinking and must participate in creating and shaping a company's vision, clarifying logical reasoning for starting an initiative, take a holistic oversight of business initiative management, articulating and aligning them with Vision-Strategy-Structure-People & Processes) and assets; identify dependency on discretionary effort for business initiatives to succeed, boost the energy and excitement to manage a healthy initiative portfolio to achieve high value results.
A business case provides the description and reason for starting an initiative: The reality is that there are a lot of things that can go wrong and it is not always easy to identify what is important. Business executives are going to make a decision about a business case based on the "why" not the "what." A compelling business case describes the initiative’s benefits and costs flow. It is especially critical when an initiative is difficult to estimate the tangible return on investment:
A well-articulated business case helps the business management clarify: What solution options are available that will meet the business need and which option is the best option? How does the initiative situate the organization within a growing and highly profitable product market niche; how does the initiative build business processes that differentiate the organization from its major competitors. What is the Problem context - What's the current state? Market state, Opportunity, Market Segmentation? Etc.
Organizational management needs to properly understand all elements of value that are translated to the organization, as well as how all the pieces and parts of the organization are ultimately impacted, for good or bad, by each new business initiative. Besides financial return, one can expect to see business value to increase across domains dramatically in the medium to long term realistically. As return on investment is expanding into other less measurable, but no less tangible areas that cannot be measured fully in time or dollars, such as employee satisfaction, teamwork, select the right key performance indicators which can reflect the performance progress.
Great business initiatives should be viewed as an "opportunity" for solving crucial problems, even a set of relevant problems strategically or technically. The very goal of business initiative management is to set the right priority, align key success factors of the organization, streamline resource management, optimize process, capability, capacity to improve organizational performance holistically.
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