The business canvas model sets out a structure of 9 viewpoints to identify strategic plans and transformation initiatives. Do you have a concern, or would you like to offer your thoughts on a proposal put forward by this office? (I like the Business Model Canvas as a tool for defining a business and distinguishing it from others). I’d also like to take this opportunity to extend my thanks to the staff members who will continue to work through the semester break to keep KU running and prepare for next semester. You can find the data and reasoning supporting the recommendation at this link. During my involvement with KoltoKan, I would whisper and sometime directly challenge the analysts with the an observation: “I’m not sure that you have a strategy.” My reasoning is simple. The important business and momentum of our strategic planning will continue at full speed during the break. Departments (or schools for those schools having no departments), centers, and student groups will submit nominations for strategic initiatives. The confusion is compounded because of the way that people interchange the words strategic with strategy. Strategy as Problem Solving: An Example from a Large Technology Organization. Introduction. The fundamental issue, I think, is a legitimate confusion over the meaning and purposes of strategy. What are your favorites? Participative culture where HR initiatives fully support the overall strategic plan. These are the unknowns, … Strategic initiatives that build links across KU’s schools and campuses are one way to leverage our tremendous disciplinary strengths and to build such broad communities of scholars. Some have Strategy Offices and even more are adopting Enterprise or Strategic Project Management Offices. Your plan should include the following: An end goal, or what you hope to achieve when the … ( Log Out /  Strategy execution depends upon the ability to identify specific actions, resource them, and tie action and results to milestones. WHAT is your strategy? If you are looking how to set strategic priorities as part of your strategic planning process, this webinar will help you write, identify and develop your objectives and strategic priorities. Their evidence did not convince me that they had a strategy. Our strategic action plan will continue to support and value all forms of scholarly excellence. Although many people regard strategy as a document or set of presentation slides, they are confusing the artifacts with the information contained in the artifacts. Is it Possible to Have a Perfect Strategy? There are many tools and techniques that we can use to analyze a portfolio, create strategies, and rank prioritize them. Most companies have a long list of initiatives that they want to work on, but they do not have a good way of identifying which strategic initiatives are most important in reaching the overall vision and goals. Given this, it is no wonder that executives collectively struggle with (or avoid altogether) cross-functional or cross-organizational prioritization exercises. The criteria will be finalized in the coming weeks; they will be used as the basis for later choosing strategic initiatives from the set of those nominated. My sincere thanks go to all of you who keep our offices, museums, student services, and libraries open, clean, and running year-round. One of 34 U.S. public institutions in the prestigious Association of American Universities. The identification of a number of strategic initiatives that cut across the many disciplines at KU will add another dimension and leverage our expertise for greater effect. Almost all strategic initiatives require cross-functional participation. Recommendation 3: Strategic initiatives exist to close performance gaps. Ask, Advising | Catalog | Tutors Tools and insights for turning vision into results, Need a strategic planning facilitator, implementation coach, neutral mediator, workshop, seminar, or hands-on program manager? All strategic initiatives … We recognize the importance of interdisciplinary, multidisciplinary, and engaged scholarship. Note that your strategic objectives should describe your strategy—not just a typical strategy. ( Log Out /  -- In addition, for most schools or districts, the continuous improvement process introduced by action planning marks a … Required Sexual Harassment / Discrimination Prevention Training. ( Log Out /  Oread seemed pretty quiet during the holiday break after all the activities of the last few months. 3) Prioritize by allocating priority points to each initiative. One consumer goods organization takes a more directed approach. Visit the Policy Office for more information. Welcome back from Thanksgiving break! Mt. Roy A. Roberts Distinguished Professor. Operational Excellence or Strategic Excellence? At such a busy point in the year, I’m sure that, like my family and I did, you all enjoyed the break and the opportunity to spend time with family and friends, as well as to gather energy for the finish of the semester. Greg Githens provides coaching, workshops, hands-on, and more. Several reasons, says MIT Sloan Senior Lecturer and global strategy expert Donald Sull, including the inability to identify and understand company goals, the disconnect between strategy and initiatives, and the failure to allocate resources in accordance with strategy. The target state is an improved situation to achieve stable or better business results. So, it is critical to understand the different roles required and their specific accountability for results. PMOs need an enhanced process for helping the organization align, define, track, and communicate meaningful milestones and objectives, specifically in the context of developing roadmaps for strategic initiatives. Strategic Initiatives Strategic initiatives are the means through which an organization translates its goals and visions into practice. Strategic initiatives are formulated as a direct response to a change in the business environment. Its useful for start-ups to identify what they need going forward and for the annual planning of initiatives at company or department level. Recommendation 4: Keep the number of strategic initiatives small. In other words, the strategic initiative team needs to create and follow an execution plan. A company defines the strategy based on the market demands and internal and external challenges. ( Log Out /  Provide our students with unique experiences that will position them as highly recruited and valued drivers and innovators of social and technological change. To assist the process, the Driving Discovery and Innovation (DDI) work group will provide two sets of information: We hope that both sources of information, which you can find via the strategic planning web site, will help drive groups’ discussions and their ultimate nominations of strategic initiatives. We envision that these strategic initiatives will advance KU in several important ways: The great minds of the preceding centuries such as Newton, Galileo, and Descartes did not view themselves as purely mathematicians, physicists, or philosophers. By contrast, we can develop a more objective definition of a strategy as a coordinated set of policies and actions to address performance problems and opportunities in the context of creating advantage over rivals. Identify additional partners and invite them into your strategic planning process. Post was not sent - check your email addresses! I know that there are thousands of organizations like KoltoKan that have huge portfolios of projects and programs. Workshop on Leading Strategic Initiatives, Strategic Planning Issues for Strategic Initiatives, Success Principles for Strategic Initiatives, How to lead your organization in 2014? He is a recognized thought leader in designing and delivering strategic initiatives. A while back, KoltoKan (a disguised name for a large NYSE-traded organization), let me peek into its portfolio of projects and programs for the purpose of offering suggestions on how to identify the true strategic initiatives from the other imperatives. | Fred Zimny's Serve4impact. All plans depend upon assumptions, so it is essential to recognize their presence and … All strategic initiatives are programs, and benefit from the use of program management tools. Departments, centers, and student groups will send in their nominations for strategic initiatives, after which the College and the schools will have the opportunity to “buy into” and shape these exciting initiatives. Most organizations face a similar situation: Each initiative – or proposed initiative – has an owner somewhere in the organization who believes in it and wants to secure (or preserve) funding and resources. Feasibility A manager at an airline recently wrote me, “one of the biggest challenges we have here is that all projects seemed to be deemed strategic or part of a larger strategic initiative and priority is constantly changing through the year. Ultimately, in April, the steering committee will recommend a number of initial themes to form strategic initiatives. To stay ahead of the competition, companies need to systematically build a portfolio of strategic initiatives. Follow the “Verb + Adjective + Noun” format. A strategic objective is a business need that can be defined in quantifiable and measurable terms. Create a free website or blog at WordPress.com. Recommendation 2: Examine strategic planning documents with a skepticism. I am sure that some of you will ask, “What if the work I do doesn’t fit neatly into one of these strategic themes? In-depth personal interviews with 61 healthcare leaders in the two large systems were conducted and inductive qualitative analysis was employed to identify … To write a powerful, precise, and most importantly ACTIONABLE objective, the business need must be bound by both a ba… Strategic initiatives are what bridges your strategic vision to the reality of … Identify a long-term goal. Design Thinking: Five Landmarks for Strategic Initiatives, Seven Must-Do’s for Better Strategy Execution. Nominations must be submitted on or before, The other, which will come online next week, is an. In the same way, modern-day researchers who are experts in their individual disciplines inspire one another and build synergies to meet society’s grand challenges. To create an initiative plan, you need to define both your larger goal and what is required to achieve it. You can learn more by following this link. We also identify the key risks related to each goal, and design KRIs that can track those risks and act as an early warning system, thereby flagging up when the business is at risk of not achieving its goals. Prioritize and track strategic initiatives. The CEO, supported by the corporate-strategy function, compiles a list of three to six priorities for the … As staff, you are the backbone of this institution; your commitment to KU is crucial and very much appreciated. Identification of human resource practices that make HR as strategic partner, namely, serving the business needs of your … Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. His ongoing research has found that eight out of 10 companies … According to strategy guru Michael Porter, “Competitive strategy is about being different. Roadmaps must identify the set of critical milestones that provide senior leadership with a basis … KoltoKan’s project portfolio analysts were congratulating themselves and deserve some recognition for making progress. Establish a value proposition. This model follows four steps: 1) Identify improvement initiatives. Research Investment & Strategic Initiative Grant Program, RFA for the Higher Education Solutions Network from USAID, Sustaining the Planet, Powering the World, Post-Summit Report & Recommendations to the Provost, Building Communities, Expanding Opportunities, Harnessing Information, Multiplying Knowledge, Genomic Biodiversity Summit Opening Remarks, Genomic Biodiversity Summit Presentations, School of Architecture, Design & Planning, School of Journalism & Mass Communications, Sample of Research Centers and State Surveys Areas of Emphasis, Provost Retreat Summary, August 9-10, 2010, online discussion board of suggestions for strategic initiatives, KU faculty members selected for 2020-2021 Class of Senior Administrative Fellows, Four KU faculty members receive Distinguished Professor status, Holly Storkel named vice provost for assessment and program development, Stories of Resilience: How KU Rallied to Teach Remotely in Spring, Chancellor announces promotions, tenure for 2020, Identifying Strategic Themes and Initiatives. 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