Category Archives: Examples of Strategic Initiatives

Google, Disney, Hospitals/Healthcare Systems, and more

Strategy as Problem Solving: An Example from a Large Technology Organization.

A case study from MajFin shows how to think about causal links needed to deliver value. Continue reading

Advertisements
Posted in Examples of Strategic Initiatives, Incremental Benefits Delivery | Tagged , | 1 Comment

Agile Thinking, Habits, and Strategic Initiative Leadership: Transcending the Buzz for Useful Insights

This article is a critique of, “agile thinking,” with examples provided for a strategic initiative at Corning: Agile Business Innovation.

In present use, agile thinking means to embrace the “agile values” declared by agile software evangelists, those values being things like flexibility, speed, customer responsiveness, change, and good engineering. Greg Githens explains that by recognizing that agilists are talking about values, we can then turn our attention to the appropriateness of the values to the situation. We can design an approach that best maximizes our chances of success. The core challenge for agilists is that they are saying that their values might be better than there audience’s values. They want to change habits, but often lose sight of whether changing habits is good for the business.

As a cognitive process, there are no practical differences between agile thinking and creative thinking. The article concludes by suggesting five questions for looking at habits.

http://wp.me/pZCkk-Zi
Continue reading

Posted in Examples of Strategic Initiatives, Strategy, Ambiguity, and Strong-Minded Thinking, Transforming the Organization | Tagged , , , , | 3 Comments

Launching a Strategic Initiative? Here are Three Good Practices

Observations of a new product development kickoff strategic initiative. Cultural challenges make the natural ambiguity of strategy even more difficult. Three good practices are 1. travel the world and get in front of stakeholders, 2. Identify key contributors and help them step up, 3. Initial milestones are guidelines; not millstones around your neck. Continue reading

Posted in Examples of Strategic Initiatives, Program & Portfolio Management, Useful Practices & Management Tools | Tagged , , , | 2 Comments

B.A.R.E.D. – Five Domains for Program Management Performance

Program management performance domains can be understood as B.A.R.E.D: Benefits, Alignment, Roadmapping, Engagement, and Decisions. The article illustrates how BARED is applied in Wal-Mart’s strategic initiative for sustainable operations in China. Continue reading

Posted in Examples of Strategic Initiatives, Program & Portfolio Management, Success Principles for Strategic Initiatives | Tagged , , , , | 3 Comments

Strategy Execution Priority #1: Effectively Communicate Strategic Decision(s)

Executives say that the top priority for strategy execution is to effectively communicate the decisions made. Three examples of good communications are provided. The basic message to the reader is to think through the announcement process. Continue reading

Posted in Examples of Strategic Initiatives, How to Improve Your Story Telling Chops, Success Principles for Strategic Initiatives | Tagged , , , | 5 Comments

Strategic Initiatives Case Study: Best Buy’s “Renew Blue” Turnaround

Renew Blue is the name of a strategic initiative intended to reverse the competitive decline of Best Buy. This article analyzes the initiative’s strategy and raises questions about the correctness of the situation diagnosis. It examines the Renew Blue vision & strategic pillars, and concludes with a list of 7 learnings for leaders of strategic initiatives. Continue reading

Posted in Examples of Strategic Initiatives, Interpreting Strategy Documents | Tagged , , , , , | 3 Comments

The Business Value Proposition

Leaders of strategic initiatives need to have a working knowledge of the various perspectives on value propositions because organizations often charter strategic initiatives to close the gap (or create advantage) on value propositions. Using Best Buy’s Renew Blue strategic initiative, Greg Githens describes the business canvas approach and VALiD approaches to understanding value propositions. Continue reading

Posted in Examples of Strategic Initiatives, Interpreting Strategy Documents, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , | 4 Comments