Tag Archives: Business transformation

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

Posted in Program & Portfolio Management, Success Principles for Strategic Initiatives | Tagged , , , , , , , , | 7 Comments

Strategic Initiative Case Study: Delivering Large Cost Savings in Healthcare IT Infrastructure

How a manager saw an opportunity to align his work with executive vision for IT cost savings, and drove significant benefits through a large healthcare organization. Summarizes value of elevator speech, key actions, team building, managing around a boss, and incremental benefits delivery. Continue reading

Posted in Competencies of Strategic Initiative Leaders, Examples of Strategic Initiatives, Transforming the Organization | Tagged , , , , , , , , , , , , , | 4 Comments

Director Business Transformation: Position Description & Relationship to Strategic Initiatives

Provides three examples of Director Business Transformation roles at Hertz, Sears, and SuperValu and suggests that there are similarities and distinctions with roles for VP, Director, or Manager of Strategic Initiatives. Continue reading

Posted in Examples of Strategic Initiatives, Transforming the Organization | Tagged , , , , , , , , , , , , , , , , , , , , , , | 8 Comments

Vision into Results….Definition of a Strategic Initiative

Defines strategic initiatives in terms of three outcomes and introduces implications for leadership and program management. Strategic initiatives are NOT the same thing as a strategic objective. This definition provides a practical tool for establishing a strategic initiative.
http://wp.me/pZCkk-1 Continue reading

Posted in Success Principles for Strategic Initiatives | Tagged , , , , , , , , , , , , , , , , | 16 Comments