Category Archives: Success Principles for Strategic Initiatives

Fundamentals that need to be present for strategic success.

Strategic Initiative Steering Teams: A Sharp or Dull Blade?

Steering teams can be useful program management governance tools. When sharp, strategic initiative steering teams facilitate strategy by improving the characterization of the problem or opportunity, improve understanding of the solution, supply resources, and assist in championing. When dull, they waste time and dumb down the strategic results. This article provides useful perspective for the strategic initiative leader to consider the need for a steering team, and their relationship to members of the team. The article also links to useful “how to” advice for strategic initiatives. Continue reading

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Identify Performance Gaps and Get Out of the Rut of Solutioneering

Strategic initiatives close performance gaps, yet many managers rush into “solutioneering.” It is better to identify and graph performance gaps and business models. Continue reading

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The Purpose of a Strategic Initiative is Closing a Performance Gap

Performance gaps are a powerful focusing and motivating force for a strategic initiative. This article illustrates the concept and discusses analytics that help to clarifying the gap. Knowing your performance gap facilitates strategic alignment. The article offers two useful questions and a practical hint for provoking a discussion on strategy. Continue reading

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Strategic Initiatives | Are You Ready to Implement?

Readiness to implement strategy is achieved when the physical resources are in place and there is a will to take action. A strategic initiative should formally assess readiness by either of two methods: self-audit or use of an outside resource. Leaders are advised to recognize and avoid the causes of failure: poor requirements, poor communications, and inadequate resources. The article also includes a set of do’s and don’t for strategic initiatives. http://wp.me/pZCkk-G1 Continue reading

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Incremental Benefits Delivery: The Key to Sustaining Commitment to Strategy

Greg Githens offers four guiding ideas for managing benefits in strategic initiatives: 1) Different stakeholders have different ideas of and expectations for program benefits, 2) there are two types of benefits:economic and emotive, 3) people prefer their benefits early, and 4) partition benefits into compact, incremental releases. A skillful strategic initiative leader will develop an operating rhythm that delivers incremental benefits and sustains commitment for the strategic initiative. Continue reading

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The Strategic Initiative Leader: The #1 Success Factor!

Greg Githens relates his advice to a CEO determined to succeed at a strategic initiative: recruit a capable program manager. He explains that the capable person provides leverage: for example, shaping and influencing the vision and strategy, managing interfaces with other groups, attracting/negotiating resources, etc. He explains the competencies and characteristics of a strategic initiative program manager; they have strengths in strategic thinking, matched by use of leadership skills, determination, and a commitment to a vision. Continue reading

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Strategic Initiatives | Executive Sponsor Roles, Power, & Politics

Strategic initiatives differ from strategic projects and programs. One difference is in the way that the executive sponsor and program manager develop partnerships for four functions (energizing and guiding decisions, clarifying direction, providing a sense of balance, network building). Importantly, power (influence over scarce resources) and politics (desire to gain power) are essential competencies. Continue reading

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Path Finding and Way Finding

Path finding for a strategic initiative is composed of the activities of pattern searching, sense making, and nudging. It is a straightforward method for addressing strategic complexity. Greg Githens first provides the analogy of path finding through a forest, and then briefly illustrates with examples from Google, Wal-Mart, and Domino’s Pizza. Please provide comments. Continue reading

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Five Rules for Managing Complex Strategic Initiatives

Complex strategic initiatives operate in un-ordered environments. Greg offers 5 rules: manage initial (starting) conditions, broaden the involvement of stake holders, dissent strengthens the strategy, increase learning with rapid experimentation, and monitor for emergence. Continue reading

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HSBC’s Powerful Idea: Separate “Change the Business” from “Run the Business”

Strategic initiatives are intended to change the business, but have to compete with run the business imperatives for resources. HSBC has a simple powerful concept for portfolio prioritization: it’s either run the business or change the business. Greg Githens explains the concept, and covers three lessons for leaders of strategic initiatives: use this as a first cut, pay attention to the follow-the-money story, and think more deeply about the question, What is strategic alignment? http://wp.me/pZCkk-z6 Continue reading

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