Initiatives

The more stakeholders can impact business initiatives seriously, the better chance the change will achieve or exceed the business expectations.

Business is nowadays complex, the challenges that organizations face today include the increasing pace of changes, complexity, or uncertainties which could blur our vision and make the future unpredictable. We cannot predict anything beforehand but can imagine with many experiences involved in the present or in the past. Besides keeping business running as usual, accelerating organizational growth is always at the top of forward-looking business executives’ agenda. Quality information and the logical scenario are needed to manage business initiatives successfully for achieving high performance results.

It’s important to predict what will happen and take steps further, what should you do upon it: Organizations just keep growing and growing complexity, it requires the exploration of the interdependencies that contribute to the value of critical knowledge. Business insight and foresight are critical to navigating the organization into the uncharted water and blurred digital territories. Pre-forecast and post forecast will help the company well prepare the upcoming change for capturing the rising business opportunities timely or preventing risks effortlessly.

Some trends are more significant than others in their impact on business growth. The goal of the business forecast is to predict what will happen and take a proactive approach to harness collaboration from varying parts of the organization, manage either technical changes or radical change, to increase the success rate of business initiative programs.

It’s important to engage talented people for unlocking performance: It’s not easy to bring all talented people and mold them into an effective team. Critical thinking is crucial for dealing with uncertainty and complexity of today’s business dynamic, and doing things we never did before, but doing them right; to continually drive changes. A structural people management approach needs to play an important role in understanding people in an objective and holistic way. It comes with a set of practices of identifying, acquiring, developing, deploying, and retaining high-qualified people throughout an organization and managing business initiatives smoothly.

It's not easy to bring all talented people and mold them into an effective team. Assess responsibilities and competencies required to achieve strategic goals, define who you need to have those responsibilities and talent, forecast the skills and roles you need to navigate the changes driven by business trends and ensure smooth business initiative management. The desired outcome is to assess the employee's contribution and ability to fulfill tasks and objectives in line with the organizational vision and goals both at the strategic and operational level.

Initiative management is not repetitive; specifications for each and every cycle are different: The effectiveness of management will depend on many factors, such as culture, position of department, knowledge, skills, complexity, etc. In order to leverage resources efficiently and expedite business initiative management cycles, “Just Enough” concept implies Just in time or Just enough processes and controls to deliver a quality product/service; and how to do things in a simple way.

Just enough is good but the problem is defining a boundary of just enough and sticking to that. For all business initiative management to be successful, all stakeholders need to know the goals, objectives and the reasons for process and procedures. They have to be able to clarify logical reasoning, and common sense to the procedures; enable iterative interaction, frequent team communication, and be more adaptive in today's rapidly changing business environment.

Only initiatives that support the achievement of business objectives should be implemented. The more stakeholders can impact business initiatives seriously, the better chance the change will achieve or exceed the business expectations. All should be synchronized without compromising. It’s important to optimize business management capability and capacity, develop talent, build differentiated business capabilities, enhance progressive changes, unlock business performance and unleash collective potential consistently.

Posted in: All about Future,Project Management,Vision