Tag Archives: Strategic management

How to Energize Strategic Initiatives with Outcomes

Performance outcomes are time-based trends that serve to crystallize the strategic vision. This “how to execute strategy article” explains that the strategic initiative team builds a cause-effect model. Applying its model, the team develops the strategies that lead to the desired improvement in performance outcomes. Helpful tips are provided. Continue reading

Posted in Interpreting Strategy Documents, Strategy Coaching and Facilitation, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , , , , , , , , , , , , , , | 12 Comments

Strategic Initiatives Drive Growth and Innovation in the Travel Industry

Competitive industries – for example the travel industry – use strategic initiatives to create competitive advantage. Greg Githens explains that there are 5 important tasks for leaders of strategic initiatives to create growth through innovation: understanding the brand promise, understanding the voice of the customer, effectively leveraging business intelligence, establishing appropriate success metrics, and driving effective and fast decisions. One example is how Vancouver’s port made it easier for US citizens to clear customs for cruise ships. A second example is how Hilton is innovating in its design of hotel business lounges. A third example for Marriott hotel’s bedding initiative. Continue reading

Posted in Examples of Strategic Initiatives, Success Principles for Strategic Initiatives, Transforming the Organization | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Validation: How to Get Strategy Right

Strategy validation is a process of assuring that there is a “correct strategy.” First, review to find a distinct statement of problem or opportunity that is coupled to a proposed solution. The program manager – just like the CEO – validates strategy with the important stakeholders. Avoid over and under commitment to the strategic initiative. The #1 reason that Boards fire CEOs is because they don’t adequately communicate the reasons for the strategic initiatives. Continue reading

Posted in Interpreting Strategy Documents, Strategic Planning Issues for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , , , , , , , , , , , , , | 10 Comments

Strategy is a Boundary-Spanning Activity

Greg Githens explains how leaders develop the strategic initiative execution plan by integrating concepts. Vertical connections are done through metrics and horizontal connections are a search for strategic synergy. He explains a pitfall of many strategies, which is to focus on the solution rather than the problem or opportunity. An example is provided for Human Resources strategy. This post describes Step 3 of 4 for interpreting strategy documents. Continue reading

Posted in Interpreting Strategy Documents, Strategic Planning Issues for Strategic Initiatives, Strategy Coaching and Facilitation, Useful Practices & Management Tools | Tagged , , , , , , , , , , , , , , | 6 Comments

What are the Strategic Pillars that Support the Vision?

Strategic pillars and planks hold up the strategic vision. Describes examples of strategic initiatives at Google, Boy Scouts of America, Schibsted, GE, pet supplies retailer, and an approach for content marketing strategies. Continue reading

Posted in Examples of Strategic Initiatives, Interpreting Strategy Documents, Strategic Planning Issues for Strategic Initiatives, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , , , , , , | 7 Comments

Can You See Your Vision Statement?

An important task for the leader of a strategic initiative is to bring clarity to the vision statement. Provides criteria for a vision and 5 methods for improving a vision statement. Step 2 of a 4-part approach on interpreting strategy documents. Continue reading

Posted in Interpreting Strategy Documents, Strategy Coaching and Facilitation, Useful Practices & Management Tools | Tagged , , , , , , , , | 11 Comments

Interpreting Strategy Documents: More Insights and a Valuable Tip!

The article provides techniques and questions for clarifying the internal and the external strategic context during a strategy implementation readiness session. This helps you align formulation with implementation. Continue reading

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

Interpreting Strategy Documents: A Key Skill for Implementation

Strategy fails in part because strategy formulation documents must be interpreted as they are implemented. The article provides practical ideas for clarifying strategic concepts and assure that strategy implementation is successful. http://wp.me/pZCkk-7R Continue reading

Posted in Examples of Strategic Initiatives, Interpreting Strategy Documents, Program & Portfolio Management, Strategic Planning Issues for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , , , , , , , | 11 Comments

Strategic Initiatives Case Study – Domino’s Pizza Turnaround

Provides detail on Domino’s Pizza turnaround strategic initiative, with 7 leadership lessons. Continue reading

Posted in Examples of Strategic Initiatives | Tagged , , , , , , , , , , , , , | 11 Comments

A Concise Guide to the Differences between Programs and Projects

Provides two valuable tables of distinctions between programs and projects, and 3 PMI Knowledge Areas that are unique to program management. All strategic initiatives are programs, but not all programs are strategic initiatives. This is the most popular page on the Leadings Strategic Initiatives blog. Continue reading

Posted in Program & Portfolio Management, Success Principles for Strategic Initiatives | Tagged , , , , , , , , , , | 14 Comments