Strategic Initiatives

They can be projects, programs, studies, analyses, process improvement activities or other initiatives that rise to the level of being critically important to successfully implementing corporate strategy. They are associated with one or more strategic objectives and originate from any part of the organization. Initiatives are identified during workshop sessions and categorized into groups by perspectives. An objective can have two or more initiatives, and an initiative can improve performance in two or more objectives. Initiatives that support more than a single objective are especially powerful because more value is achieved across more strategy components. The common initiatives that appear frequently and across all types of organizations are: capacity building initiatives such as training; leadership development and cultural change; process improvement initiatives such as information technology upgrades, process improvement teams, and six sigma and lean programs, customer and employee satisfaction surveys; and financial management systems.