The business management is situational, based on the business initiative flavors and scale. It is a broader arena which has to connect more non-linear dots and take multidimensional understanding and capabilities to achieve high performance results with continuous deliveries.
The more stakeholders can impact business initiatives seriously, the better chance such initiatives will achieve or exceed the business expectations.
It’s important to brainstorm pros and cons of different business initiatives and analyze potential benefits or pitfalls: Any business initiatives, especially change initiative, should be viewed as an "opportunity" for solving critical business problems, generating differentiated value, and producing quality products/services/processes. Strategic business initiatives require the highest risk-taking at a strategic value chain; including organization, investments, and assets Senior leaders need to be fluent in multidimensional thinking, interdisciplinary knowledge, and must participate in creating and shaping a company's vision & mission. The focal point is to calculate which business initiatives provide the greatest return, and which would be invested in the future.
Smart shareholders know that they live in a complex, dynamic world. Too much focusing only on short-term economics can lead to negative values that could outweigh finances in the long-term. Have management oversight of business strategy, resources, capabilities, and all critical success factors of the business via asking insightful questions: How does the business initiative differentiate the organization from its major competitors? What outcomes can the sponsor expect to achieve through investment in the proposed initiative. Can business benefits of initiatives be measured and quantified? Rather than “keeping the lights on” only, high mature organizations spend significant time on delivering quality products and services, improving the success rate of initiative management continuously, creating differentiations, building and maintaining a strong corporate brand name.
It’s important to build a practical roadmap which is contextual, informative, with clearly defined key performance indicators: For complex business initiative management, besides goal-setting and process clarification, build a practical roadmap and take capability-enabled business approaches. If the roadmap focuses on a specific "road" within the map, then the map is more tactical and in turn determines the importance of what artifacts are necessary to define the road. Keep the progress checking in an iterative way; it is important in overall progress and if the associated objective is not fulfilled, some important analysis and decisions are needed.
Technically, there is no single initiative that will suffice to raise the digital fluency or the business, shape an intelligent workforce, enable intellectual stimulation, unlock the full business performance. It’s important to leverage multi-choices of strategy, gain a long term strategic-choreographic perspective, understand business complexity and its dynamic ecosystem, not just a snapshot of the current business circumstances, strike the right balance of short term profitability and long term prosperity.
It’s always important to build compelling teams with complementary expertises, and empower people to implement initiatives effectively: It is important to understand that business development is multifaceted and it takes cohesive effort to build high performance teams, make continuous improvement for enabling the organizations to thrive. In high-performance teams, the selection of roles is done automatically and naturally, focusing on creating the right atmosphere in which people can take ownership of their tasks, processes and participate in various activities to boost performance consistently.
An inclusive organization is immersive, informative, interactive, interdependent. Inclusion is essential to enable people to break down silos, become more informative, interdependent, inclusive. Diversity can create a lot of confusion and conflict if people are not well prepared for it, and if the leaders are unaware of how to manage it, embrace inclusiveness. There should not be a stagnation in engaging the talent from different demographics. Be open minded with a humble attitude, respect differences, to co-solve the variety of problems holistically.
Contemporary businesses are overwhelmingly inundated by rapid growth of information and too many business change initiatives. It usually takes structural practices or systematic discipline with cross interdisciplinary expertise in implementation and optimization. The business management is situational, based on the business initiative flavors and scale. It is a broader arena which has to connect more non-linear dots and take multidimensional understanding and capabilities to achieve high performance results with continuous deliveries.
It’s important to brainstorm pros and cons of different business initiatives and analyze potential benefits or pitfalls: Any business initiatives, especially change initiative, should be viewed as an "opportunity" for solving critical business problems, generating differentiated value, and producing quality products/services/processes. Strategic business initiatives require the highest risk-taking at a strategic value chain; including organization, investments, and assets Senior leaders need to be fluent in multidimensional thinking, interdisciplinary knowledge, and must participate in creating and shaping a company's vision & mission. The focal point is to calculate which business initiatives provide the greatest return, and which would be invested in the future.
Smart shareholders know that they live in a complex, dynamic world. Too much focusing only on short-term economics can lead to negative values that could outweigh finances in the long-term. Have management oversight of business strategy, resources, capabilities, and all critical success factors of the business via asking insightful questions: How does the business initiative differentiate the organization from its major competitors? What outcomes can the sponsor expect to achieve through investment in the proposed initiative. Can business benefits of initiatives be measured and quantified? Rather than “keeping the lights on” only, high mature organizations spend significant time on delivering quality products and services, improving the success rate of initiative management continuously, creating differentiations, building and maintaining a strong corporate brand name.
It’s important to build a practical roadmap which is contextual, informative, with clearly defined key performance indicators: For complex business initiative management, besides goal-setting and process clarification, build a practical roadmap and take capability-enabled business approaches. If the roadmap focuses on a specific "road" within the map, then the map is more tactical and in turn determines the importance of what artifacts are necessary to define the road. Keep the progress checking in an iterative way; it is important in overall progress and if the associated objective is not fulfilled, some important analysis and decisions are needed.
Technically, there is no single initiative that will suffice to raise the digital fluency or the business, shape an intelligent workforce, enable intellectual stimulation, unlock the full business performance. It’s important to leverage multi-choices of strategy, gain a long term strategic-choreographic perspective, understand business complexity and its dynamic ecosystem, not just a snapshot of the current business circumstances, strike the right balance of short term profitability and long term prosperity.
An inclusive organization is immersive, informative, interactive, interdependent. Inclusion is essential to enable people to break down silos, become more informative, interdependent, inclusive. Diversity can create a lot of confusion and conflict if people are not well prepared for it, and if the leaders are unaware of how to manage it, embrace inclusiveness. There should not be a stagnation in engaging the talent from different demographics. Be open minded with a humble attitude, respect differences, to co-solve the variety of problems holistically.
Contemporary businesses are overwhelmingly inundated by rapid growth of information and too many business change initiatives. It usually takes structural practices or systematic discipline with cross interdisciplinary expertise in implementation and optimization. The business management is situational, based on the business initiative flavors and scale. It is a broader arena which has to connect more non-linear dots and take multidimensional understanding and capabilities to achieve high performance results with continuous deliveries.
0 comments:
Post a Comment