Tag Archives: Strategic initiative

Strategic Initiative Case Study: Intel’s Product Development Turnaround

Organizations need to mature new product development processes, product life cycle processes, and other processes. The article describes Intel and its product development framework. The first case study failed to deliver benefits, in part because the team tried to make the organization comply and conform to a model. It requires skill to navigate and change culture. The second case was successful, in part because the CEO made it clear he was unhappy with product quality. The article lists numerous lessons learned for strategic initiatives. 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

Posted in Competencies of Strategic Initiative Leaders, How to Improve Your Story Telling Chops, Incremental Benefits Delivery, Success Principles for Strategic Initiatives | Tagged , , , , , , , | 7 Comments

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

Posted in Competencies of Strategic Initiative Leaders, Strategy Coaching and Facilitation, Success Principles for Strategic Initiatives | Tagged , , , , , , | 7 Comments

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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Know The “Follow-The-Money” Story. How was Your Strategic Initiative Funded?

The leader of a strategic initiative needs to know about the investors and their performance expectations. Using the famous line from the movie, All The President’s Men, Greg Githens provides some practical leadership advice for understanding the funding of a strategic initiative. Continue reading

Posted in How to Improve Your Story Telling Chops | Tagged , , , , | 5 Comments

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

Posted in Competencies of Strategic Initiative Leaders, Strategy Coaching and Facilitation, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , , , | 6 Comments

A Powerful Idea for Your Strategic Initiative: Program = Brand = Trust

This practical article establishes the idea that brand positioning is a useful complement to strategic initiative program communications. Develop the program brand and you develop trust. Continue reading

Posted in Incremental Benefits Delivery, Useful Practices & Management Tools | Tagged , , , , , , | 4 Comments

Advice for Strategic Initiative Charters

Strategic initiative charters are different than typical project and program charters that are expecting a pre-determined result. Greg Githens explains the functions of strategic initiative charter. He provides practical advise such as the “two page” rule and outlines 12 elements that should be found in a strategic initiative charter. Continue reading

Posted in Interpreting Strategy Documents, Strategic Planning Issues for Strategic Initiatives | Tagged , , , , , , , , , | 13 Comments

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