Strategic alignment of initiatives with business objectives
Managing strategic initiatives is an integral part of the strategy execution process.
In organizations, many initiatives are not aligned with strategic objectives, and therefore do not generate the expected value. Do you know the performance of your initiatives as a portfolio?
The advantage of having a formal process for monitoring and managing initiatives is ensuring that they are aligned with the organization’s strategic goals and that the value of each one is maximized.
A strategic initiative/project refers to a set of activities with a defined start and end, requiring resource allocation; but above all, designed to achieve a strategic objective.
Keys to efficient management of strategic initiatives
Identify proposals for initiatives aligned with the objectives, which has the purpose of defining the strategic agenda for change and structuring the activities necessary for said change to take place.
Evaluate and filter initiatives according to prioritization criteria that will be established, such as: time, impact on the objective, cost, etc.
Plan the activities by establishing responsible parties, deliverables, milestones, dates, as well as resources required to approve their implementation.
Defining a mechanism for monitoring and continuously improving initiatives will allow you to know the exact status of each one, helping you to face challenges in the best possible way. Likewise, you will analyze which initiatives are yielding the expected results and which ones need improvement or even cancellation.
Our experts
José Luis Gorriti
Jaime Alonso Gómez
Luis Cantú González
Eduardo Flores Montes
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