Monday, June 5, 2023

Initiatives

Business change scenarios provide a picture of the future from which you may 'back-cast' to discover what decisions may be required at each stage to get there; be there at the crossroads of the business transformation.

Change is now the business new normal, organizations and global societies become more hyper connected than ever. To break down silo thinking or other types of outdated mindsets, business leaders have to clarify the big “WHY” behind changes, provide clear process guidelines, and bring up views from outside-in. 

It’s important for the management to apply a bigger thinking box, ask themselves a set of questions, to close gaps, work across-boundaries to find holistic solutions, build organizational competencies for achieving critical business goals ultimately.

It is imperative to diagnose crucial issues in those change laggard organizations, avoid all sorts of barriers and pitfalls on the way: Businesses face problems large or small. When the management and people get used to silo thinking - that causes business friction and decelerates the speed of changes. Many organizations that get stuck at the daily busyness, they very often say yes to all the initiatives, with the consequence lack of focus. As companies have limited resources and talent, senior executives should say no to many of the initiatives and just choose a few where they will put most of the resources of the company.

It is really important to focus on a few initiatives and prioritize them. The longer-term advantage comes if the rare invaluable resource is quite difficult or expensive to imitate. The business management approaches are adaptive and flexible to inspire and motivate, help people navigate through difficult changes, and achieve their goals, deliberately make close alignment among the company’s strategic directions.

It takes an overarching approach to integrate both hard and soft business elements into the long-term organizational competency: Organizational capability management identifies, models, develops, integrates, and optimizes a set of cohesive capabilities to achieve business goals at both strategic and operational level. Capability mapping helps the organization set the right priorities, bridge a multitude of gaps (resources, talent, processes) to improve differentiated competency. The multitude of organizational capabilities expands the business horizon to take a different path for reaching the “to-be” state.

Continuously revisit business goals and objectives timely and discussions of strategic plan issues must be ongoing, Even the rules of science should be updated if needed; manage a balanced portfolio of relevant cross-border strategic synergies and organizational dependency- interdependency cycle. The effectiveness of portfolio management is to ensure that the management is doing the right things by setting the right guidelines to provide greater clarification of mission/vision/strategy at a more detailed level, and build dynamic business competencies.

Organizational leaders have to be ingenuous, observe deeper, ask logical questions, and forecast upcoming change:
Know by listening to or looking at; understand through asking the right questions, and respond to what needs to be said or done. With overwhelming growth of information, faster pace of changes and unprecedented business complexity, discussions of performance management issues must be ongoing and not merely a once-a-year exercise. Organizational transformation is a journey and needs a clarified vision, a larger strategic investment, well-defined goals, and a stepwise change scenario.

The goal is to ensure the selected business initiative is a higher priority, then you need to use that to set policies and governance improvements as well as project portfolio management best or next practices. Rather than focus on one method, as a team with broad expertise across a range of disciplines, there are choices of tools or methods appropriate for “assets in construct.”

Business management needs to build up a positive emotional climate, foster positive relationships, communicate relentlessly, Business change scenarios provide a picture of the future from which you may 'back-cast' to discover what decisions may be required at each stage to get there; be there at the crossroad of the business transformation to make sure information and interaction flow in every direction, force people to learn and grow, and focus on long term business transformation smoothly.

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