Tag Archives: Strategic initiative

Grasping Essentials When You’re NOT the Expert

What can a person do when he needs to quickly grasp essential knowledge and there is little opportunity to delegate the decision to an expert? This article provides you learn a technique for improving the effectiveness of your learning of specialist knowledge. I discovered a solution that finds a middle ground between formalized textbook-style learning and muddling through. This approach, works by asking focus questions and constructing propositions. The result is a hierarchical concept maps that renders a scaffold of relevant knowledge.I heartily endorse concept maps as a useful tool and hope you will practice and build skill. They are deceptively simple when you see a good one that has been developed by someone else. I encourage you to persist.

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Posted in Useful Practices & Management Tools | Tagged , , , , , , | 2 Comments

Coherence: It is Only a Good Plan (Strategy) If It Makes Good Sense

Coherence means that things make sense. In the context of strategy, it means that the committed resources, policies, and actions are consistent and coordinated. A plan is only a good plan if it makes good sense. Unfortunately, most organizations pursue multiple objectives that are unconnected with one another (and sometimes even conflict).They are anything but coherent! Insert the concept of coherence into your discussions. How? One way is to ask simple questions, “Does this make sense? Where are the gaps? Are there conflicting objectives?” Another way to encourage coherence is to activate the Chief Story Teller role. Imposing coherence and discipline on an organization is difficult and takes hard work by the strategic initiative leader.

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Posted in How to Improve Your Story Telling Chops, Interpreting Strategy Documents, Strategy, Ambiguity, and Strong-Minded Thinking, Useful Practices & Management Tools | Tagged , , , | 3 Comments

How to Prioritize Strategic Initiatives

This article concludes with five recommendations for prioritizing strategic initiatives. It describes a the challenges that organizations face with too many projects, and explains that strategy is used to screen all of these important – or so-called strategic – projects into a much smaller portfolio of projects.
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Posted in Interpreting Strategy Documents, Program & Portfolio Management, Strategic Planning Issues for Strategic Initiatives, Success Principles for Strategic Initiatives | Tagged , , , , , , , , | 2 Comments

Scope Creep in Strategic Initiatives: How to Recognize It and Avoid It

Scope creep is a frequently-heard complaint. The word scope is ambiguous; experience shows that even highly experienced and trained professionals cannot agree on its meaning. The Includes-Excludes Table is a simple two-column table with the word “in” placed at the top of the left column and “out” at the top of the right column. It helps us to visualize scope creep as something that was determined to be “out” now has crept over the line to become “in.” The advice for the strategic initiative leader is straightforward: pay attention to the partitioning of in and out. Don’t let something that is out cross the line unless you understand the impacts on the governance of the program. Also, use preferred modifiers: Problem Scope, Product Scope, and Work Scope.
This process of describing the in and out, and making choices, encourages the strategist to think about their business model in a more complete and logical way. The Includes-Excludes Table can help you stay focused on root causes and core strategic problems. They key is to maintain a focus on the problem scope, and avoid the tendency to start designing solutions and implementing them.
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Posted in Strategic Planning Issues for Strategic Initiatives, Strategy, Ambiguity, and Strong-Minded Thinking, Useful Practices & Management Tools | Tagged , , , , , , | 1 Comment

Achieve, Preserve, Avoid: Another Nifty Technique for Gaining Strategic Perspective

Strategy is inherently ambiguous, with goals and expectations differing depending upon the stakeholder. Because people tend to feel uncomfortable with ambiguity, a leader needs to clear the fog; a process that is best called gaining perspective. Before the leader can help others, s/he needs to clarify their her/his own view of the rewards and the risks. This article identifies three useful questions for gaining perspective: What do I want to achieve? What do I want to preserve? What do I want to avoid? First answer this for the individual, then for the group. The article provides an example of its application by a newly promoted vice president sponsoring improvements to new product development productivity.
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Posted in Strategy Coaching and Facilitation, Strategy, Ambiguity, and Strong-Minded Thinking, Useful Practices & Management Tools | Tagged , | 2 Comments

Strategic Leadership is “Replacing Old Stories with New Stories”

Leaders should see strategy as a narrative arc from the founding to the present launch of a strategic initiative. The techniques of corporate time lines and identifying turning points help with the analysis. Then, future cast for a new vision with these questions:What present problems and opportunities are relevant to our future? What are the scenarios of the future? Where (and over whom) will we find advantage? What are the insights? A current strategic initiative could be seen as an episode of an organization’s history, with a turning point. Continue reading

Posted in How to Improve Your Story Telling Chops, Transforming the Organization, Useful Practices & Management Tools | Tagged , , , , , , , | 3 Comments

Three Tips for Leading Strategic Alliances

Strategic alliances are a growing subset of strategic initiatives. A Strategic Alliance is a relationship between two or more parties where they collaborate to capture an opportunity or extend their reach into complementary areas. Author and consultant Greg Githens has participated in many strategic alliances, both as a leader and as a consultant and offers three tips that will increase the probability of success. Tip #1 – Meet in Person, Frequently. Tip #2 – Find and Articulate Strategic Insights. Tip #3 – Explicitly discuss risks, risk tolerances and risk response strategies. Continue reading

Posted in Program & Portfolio Management, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , , , , | Leave a comment