Director, Strategic Initiatives and Operations. Sometimes there will be more emphasis on operations and sometimes more on strategy. Tactics. Change ), Enter your email address This article will help the strategic initiative leader assure that… Strategic initiatives involve the process of corporate planning, the design of long-term goals meant to improve a company. Operational Excellence or Strategic Excellence? It describes milestones, conditions for success and explains how, or what portion of, a strategic plan will … Salary estimates are based on 1,198 salaries submitted anonymously to Glassdoor by Director, Strategic Initiatives … Change ), You are commenting using your Facebook account. Design Thinking: Five Landmarks for Strategic Initiatives, Seven Must-Do’s for Better Strategy Execution. Provide senior leaders with true operational insight through meaningful milestones and objectives for critical strategic initiatives… In our experience, powerful strategies require well thought out and well planned strategic initiatives. Trail Strategy for the Greater Toronto Region Strategic Objectives, Initiatives and Actions page 80/81 Strategic Objective #2: Prioritize trail and destination area capital projects. Strategic Initiative Management: The PMO Imperative. The following graphic shows two related polarity maps. Do you agree with this statement and its importance to our organization?”, Workshop on Leading Strategic Initiatives, How to Improve Strategic-Operational Collaboration, HSBC’s Powerful Idea: Separate “Change the Business” from “Run the Business”, Use the As-Is-&-To-Be Table to Clarify Strategic Initiative Vision, Strategic Planning Issues for Strategic Initiatives, Strategy, Ambiguity, and Strong-Minded Thinking, A Master List of Questions for Strategic Initiatives | Leading Strategic Initiatives, Incremental Benefits Delivery: The Key to Sustaining Commitment to Strategy | Leading Strategic Initiatives, Strategic Initiatives | Are You Ready to Implement? Will it be through customer intimacy, product or service leadership, or lowest total cost? | Leading Strategic Initiatives, The “Call to Action:” A Useful Leadership Tool | Leading Strategic Initiatives, HSBC’s Powerful Idea: Separate “Change the Business” from “Run the Business” | Leading Strategic Initiatives, Better Conversations Generate Better Strategy, Insights Are the Secret Sauce of Strategy, How a Strategic Decision Differs From a Tactical Decision, Unlearning, learning, and a culture of strategic thinking, How Mapping Can Improve Your Strategic Thinking, Complexity: Four Principles for Program Managers, Use the PAVER Framework to Assure Strategic Commitments. Strategic management provides overall direction to … During the past century, companies’ efforts to achieve their strategic initiatives have led to the improvement, and thus reduction, of operational work (run-the-business activities) and to an increase in projects (change-the-business activities). Operational managers take pride in accomplishing their duties, and things that distract are not welcome. The strategist has to acknowledge the disadvantages of a strategic focus (the lower left quadrant). Organizational and Operational Strategic Initiatives. As a change agent, you have to help each position recognize the value proposition for the organization both at present and in the future. Director, eCommerce Strategic Initiatives at Guitar Center - Guitar Center is seeking a strategic and operational Director, eCommerce Strategic Initiatives who … Check out a sample textbook solution. First, they are performers of the key activities of the current business model, and will also perform activities if the organization migrates to a new business model. The strategic-operational tension is shown on the left and right. Keep this thought in mind: What you’re not going to do is sometimes just as important as what you are going to do. The organizational goal is to stay in the upper half of the polarity map. ( Log Out /  Multiple strategic initiatives may be used in conjunction to reach your larger business goals, with each initiative serving as a single step in the process. The following figure further illustrates the difference between strategy and tactics. A. Notice the upsides and downsides of each perspective; neither is perfect. Visit the OSI website, osi.ucsd.edu, which serves staff, faculty, students, and visitors, to find out more. Operations people may not see the big picture, but they know they run their piece of the business model. My organization is filled with managers who are very good at operations, but not good at creating or supporting strategy. Greg Githens is the author of How to Think Strategically (2019). OQM will collaborate in strategic initiatives that address systemic issues, require cross-functional analysis, and have the potential of significant payoff to ORS and its customer base. A polarity map helps people to see the big picture. When selecting and creating your financial objectives, consider what you’re trying to accomplish financially within the time span of your strategic plan. A company needs to foster an operational ecosystem them drives accountability, ownership, and effective decision-making to ensure that strategic initiatives are executed as planned. Strategy as Problem Solving: An Example from a Large Technology Organization. A Polarity Map illustrates Organizational Tensions and Polarization. Unfortunately, many people who are strong in operations are less comfortable with the ambiguity of strategy. ( Log Out /  Generally, strategic planning deals, on the whole business, rather than just an isolated unit, with at least one of following three key questions: Operational planning is the process of linking strategic goals and objectives to tactical goals and objectives. The main idea behind the Portfolio of Initiatives approach is that each strategy is embedded in each initiative and, hence, is based on action. Developed in partnership with The Boston Consulting Group, this report highlights how PMOs can play a crucial role in delivering organizational value by supporting the implementation of key strategic programs. Remember, there are few problems to solve. Rather, there are tensions to manage. Strategic initiatives can be confused with other strategies. The “+” sign is a place for capturing the advantages of that pole, and the “-” sign is for the disadvantages. Strategy is not the solution to the problem of operations, and operations is not the solution to the problem of strategy. See solution. What’s the differentiation based on? Your tactics help you answer the question, “How are we going to accomplish our goal?”. What you’ll be doing to achieve those goals in the shorter term (typically the next fiscal year) is outlined in your operational plan. It means deliberately choosing a different set of activities to deliver a unique mix of value.”. How do I get people to move from a hands-on, day-to-day mindset to a more strategic one? For example, a strategic initiative is not a strategic goal. When you start to see the dysfunctions of the operational focus (too many projects and conflicting priorities), it is time to invest more energy in discussions about strategic alignment. ( Log Out /  Third, when  operations people change their behaviors to adopt strategy, they create benefits. Post was not sent - check your email addresses! Note the symbols in the corners. Value can b… arrow_forward. Strategic Planning: Strategy vs. The polarization increases when a polarized party avoid contact with the other party or view them as an antagonists. | Leading Strategic Initiatives, Pingback: The “Call to Action:” A Useful Leadership Tool | Leading Strategic Initiatives, Pingback: HSBC’s Powerful Idea: Separate “Change the Business” from “Run the Business” | Leading Strategic Initiatives, Pingback: Cats v.s dogs? Greg Githens provides coaching, workshops, hands-on, and more. According to strategy guru Michael Porter, “Competitive strategy is about being different. Understanding it will help you develop a better working relationship with operational managers, thereby increasing their buy in for the strategic initiative. Through our simple three-step planning “mission-initiatives-projects”, we have achieved a higher level of transparency where each of u… Chapter 28, Problem 3DQ. Change ), You are commenting using your Twitter account. This article provides a polarity map for operations and strategy. The national average salary for a Director, Strategic Initiatives is $136,256 in United States. Strategic initiatives vary dramatically from tactical initiatives. Financial objectives are typically written as financial goals. For example, a company decides it’s going to target the baby boomer group, so it makes a decision to not target another generation. How do you get people to see the big picture? Contact him at GregoryDGithens@cs.com or 419.424.1164. This slow but inevitable trend has had a significant impact on strategy execution. If you need a way to link work to a high-level strategic effort but also need a way to group work together for reporting, understanding the difference between initiatives and epics will help. “The focus of strategy is to create and sustain competitive advantage. Thus. People avoid ambiguity, so they avoid strategy-setting discussions. Developing a Strategic Initiative Plan A strategic initiative plan may include multiple initiatives that are designed to work together toward a … Strategic initiatives are not about remaining complacent: they seek to get the greatest return out of the various projects in your portfolio. Sign in to save Director, Operational Excellence and Strategic Initiatives at AbbVie. “The focus of strategy is to create and sustain competitive advantage. Operational Strategic Initiatives . Change initiatives that occur in business—those that affect any functional area, including management accounting—can be divided into two high-level categories: strategic change and operational change. The top graphic shows the polarized view of the operational perspective. ... To be regarded across campus as a strategic partner in creating positive change using business and financial models that integrate end-to … They want to increase the success for the future, and regard the operational view as risky (over the long term). Quite often, people confuse strategy and tactics and think the two terms are interchangeable in strategic planning, but they’re not. The strategic initiative delivery framework provides guidelines on the common phases and steps which apply to all strategic initiatives. Then, you can introduce some of the benefits of strategy work. An alternative to the classic corporate strategic approach, which is primarily based on planning – not action – is the Portfolio of Initiatives 1. Chapter 28, Problem 5DQ. When to use initiatives vs. epics. The next figure visually explains the following three levels: Corporate level strategy: This level answers the foundational question of what you want to achieve. As we’ve mentioned before, these three characteristics are critical to differentiating between strategic and operational initiatives. Businesses use three levels of strategies in the planning process to help them grow and become sustainable. Business unit level strategy: This level focuses on how you’re going to compete. Project management is a science in itself and will not be described here! Creating a positive change with a focus on people, innovation and continuous improvement. Each strategic initiative should be a building block towards achieving the company goals and should be decomposed into projects, representing how exactly this goal will be met. This is absolutely vital for change agents to understand! Strategic initiatives are where a company sets its goals. Strategic Initiatives A solution dedicated to manage your portfolios of strategic projects, your transformation programs, your performance plans (savings plans, operational excellence plans) or your post-merger integration operations. Grow shareholder value: The top goal of your organization may be to increase the value of your organization for your shareholders, stakeholders, or owners. Will it be through market penetration, market development, product or service development, or diversification. Successful implementation of strategic initiatives to achieve desired results is a tough task. Do you agree with this statement and its importance to our organization?”. We outline three powerful steps that can make all the difference, and can improve the odds of successful strategic planning and delivery of strategy execution. Examine the perceived advantages and disadvantages of each perspective. Operations people are important stakeholders for several reasons. The role of the committee is to shape initial ideas into a smaller and clearer set of goals, strategies and supporting initiatives through several iterations of discussion, drafting, review and redrafting. Filter by location to see Director, Strategic Initiatives salaries in your area. How are they related? People are “polarized” when they only see the upsides their position [on the polarity map] and the downsides of the opposite. In present use, agile thinking means to embrace the “agile values” declared by agile software evangelists, those values being things like flexibility, speed, customer responsiveness, change, and good engineering. Sorry, your blog cannot share posts by email. Examples of strategic goals for this perspective include: 1. Is it Possible to Have a Perfect Strategy? He is a recognized thought leader in designing and delivering strategic initiatives. Facilitating the Business Model Canvas: A Few Lessons Learned (Part 1), Designing Strategic Initiatives for Results: The Two Kinds of Coherence, The Real Reason Strategy Implementation is Difficult (and the Solution to It), Grasping Essentials When You’re NOT the Expert, Competencies of Strategic Initiative Leaders, Success Principles for Strategic Initiatives. Unlike strategic objectives, which tend to be phrased as broad goals, strategic initiatives are projects that include a scope, budget, and start/end date. Tools and insights for turning vision into results, Need a strategic planning facilitator, implementation coach, neutral mediator, workshop, seminar, or hands-on program manager? How are strategic objectives and strategic initiatives different? Five Mental Anchors that Impede Your Strategic Initiative, Beginners Guide: Competent Strategic Initiatives, Volatility, Uncertainty, Complexity, & Ambiguity (VUCA), Four Recommendations for Effective Program Governance, Six Strategic Thinking Skills: Developing the Proactiveness Habit, What’s the #Strategy? This concept leads to tactics, or the “how” part of the equation. For us, initiatives play a strategic role and represent the bridge between the strategic and operational levels. (We respect your privacy). Corporater helps you reach your strategic destination by giving your workforce a roadmap for delivering business outcomes We help visualize plans and initiatives, automate task management, and help you prioritize and optimize resources. who will manage the project to completion. Recognize that there will be tension between the two poles. Portfolio of Initiatives. Pingback: A Master List of Questions for Strategic Initiatives | Leading Strategic Initiatives, Pingback: Incremental Benefits Delivery: The Key to Sustaining Commitment to Strategy | Leading Strategic Initiatives, Pingback: Strategic Initiatives | Are You Ready to Implement? livering strategic initiative implementation efforts—imperatives in which the PMO can serve a critical support function. Second, they are providers and controllers of resources that are used in the strategic initiative. The aim is to establish a common and consistent framework for the management and delivery of projects. One important benefit of a polarity map is. You have to assure the operations person acknowledges. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. The primary difference between Strategic Planning and Operational Planning is that Strategic Planning takes into account the internal as well as external environment of business. Strategic Planning and Initiatives Executing your strategy requires more than setting targets, goals and objectives—it requires an execution framework. Note: This article refers to releases and features. The strategist has to acknowledge the value of holding an operational focus (the upper right quadrant). When defining initiatives in your company, be aware to not have an initiative as an end in itself. Strategic planning is an organizations process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy. Initiatives may often already be articulated by an existing budget as well, providing an easy repository to pull ideas from. A template for a polarity map is shown in the following graphic. Failures of these efforts are not often quickly embraced as opportunities for remediation by owners and senior executives. The IT Strategic Implementation Planning Team completed its review of the past strategic planning activities, solicited community feedback, and developed a set of recommended initiatives that have been presented to the CIO.. Initiative 2.2: Finalize the trail and destination area capital project lists. Position Summary. Ultimately, a good way to think about the difference between the two is that strategy acts as a guide to a set of actions that various departments or teams will undertake. Operating initiatives are more specific, leading specific operational changes in a company that carry out a process. Strategic change initiatives involve shifts in the culture, thought, or mission of the business. Market level strategy: This strategy level focuses on how you’re going to grow. Want to see the full answer? Strategy execution often flounders unless the organization manages this fundamental question: how much energy and attention should managers devote to operations (planning and acting for today) compared to strategy (planning and acting for the future)? When the downsides of the polarity become noticeable, it is time to shift energy to the opposite pole. This article is a critique of, “agile thinking,” with examples provided for a strategic initiative at Corning: Agile Business Innovation. Your strategic plan outlines long-term goals for the next three to five years. For example, when you start to experience complaints about strategy, it is time to revisit operations. Differences Between an Initiative, Goal, Objective & Vision. Welcome back. Recognize, too, that the downsides are natural and unavoidable. Without a commitment to rigorously planStrategy-Execution-Successning and executing these initiatives, strategic planning and strategy development is, for the most part, a waste of effort. These initiatives tend to be short-term and are, in general, narrowly focused on solving immediate problems. Conversely, Operational Planning is concerned with internal environment of business. By Erica Olsen . This query from a strategic initiative leader illustrates the challenge. Improving systemic issues … Is it growth, stability, or retrenchment? Every business has limited resources and deals with a competitive landscape. Strategic Goals Based on the … Operational The more it does of one thing, the less it can do of another. Often, people only see the pieces in isolation. • Focus on Critical Initiatives. Our managers, directors and VPs need to think and operate at a more strategic and less tactical level. Strategic Planning Kit For Dummies Cheat Sheet, Quite often, people confuse strategy and tactics and think the two terms are interchangeable in strategic planning, but they’re not. Here is a completed polarity map for the strategy-operational tension. Be prepared to cycle back and forth. ( Log Out /  Tactical initiatives are those programs, initiatives or actions that have a major impact on reaching departmental or functional goals. Under the direction of the Chief Executive Officer (CEO), the Director of Strategic Initiatives and Operations is a key member of the Senior Leadership Team providing strategic corporate planning advice and operations support to the organization. The Office of Operational Strategic Initiatives (OSI) serves as an agile, objective, and analytical team that partners with campus to accomplish both operational and financial goals that support the mission and vision of UC San Diego. In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's top managers on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization operates. These examples are drawn from finished strategic plans, so they are more polished and succinct than the ideas that come out of a planning early on. | obsessed with projects. check_circle Expert Solution. The initiatives then become projects and are assigned a project manager (this is crucial!) You can build support for strategy by understanding and using the strategy-operations polarity map.First, you acknowledge the values of the operational perspective (e.g., it gets results) and the downsides of strategy (it consumes time). Change ), You are commenting using your Google account. Notice the presence of items in each of the four quadrants: it illustrates a somewhat complete picture of operations and strategy. In conclusion, the strategic planning process uses Strategic Initiatives to provide the means to achieve Strategic Objectives. arrow_back. The lower graphic illustrates the polarized view of the strategist. You are now in a better position to explore common values and aims. Let Me Tell You a #Story, Strategy is Not Long-Range Planning, Vision, Mission, or Values, Five Ways to Involve Smart New Voices in the Strategy & Agile Innovation Conversation. However, a common challenge with the inventory session is a high-volume of Initiatives. Strategy is the “what” part of the equation and helps you answer the question, “What are we trying to accomplish?” Yet your business design may not be sustainable; you may have trade-offs for how you position your business with customers and competitors. 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To provide the means to achieve desired results is a high-volume of.. Level strategy: this article is a critique of, “agile thinking, ” with examples for... Not share posts by email recognized thought leader in designing and delivering strategic initiatives are those programs, play. Greatest return Out of the polarity become noticeable, it is time to revisit operations of another, design!