0
A strategic initiative (SI) is an endeavor intended to achieve three interrelated outcomes:
- A boundary-spanning vision or "strategic intent"
- Realization of important benefits to "strategic" stakeholders and
- Transformation of organization
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Strategic change?
Strategic change is a simple and quite a common and ordinary change. With this change, some policies, general plans, and initiatives are changing and it is the first and final steps in conquering the market.
Describe a strategic planning initiative for your selected organization and identify a strategic initiative discussed in the organizations annual report?
The strategic planning initiatives of Wal-Mart have an immense impact on their financial planning. While the company puts an enormous importance on pricing their products at low prices, it makes their additional operations efficient in a way to capitalize on the overall profits (Wal-Mart, 2009). Their pricing strategies have made them the market leader within the United States. The strategic planning initiatives of Wal-Mart have an effect on both the prices as well as their overall sales. Wal-Mart has sector expansion initiatives in which they open new stores, expand their existing stores, and alter the locations of their lower-performing stores. These moderations require a large amount of capital. In order to lower the high cost load for the continuance of their stores, these initiatives have proven to be highly effective on an overall basis (Wal-Mart, 2009). Although it may not create short-term profits, these initiatives have proven track records to bring in additional long-term capital. However, Wal-Mart's new initiatives have also made an impact on the overall sales of the company. Based on their most recent annual report, they saw an increase of nearly 9% in their net sales when compared to the previous year (Wal-Mart, 2009). They also added nearly $30 billion to their annual sales (Wal-Mart, 2009). This is certainly a display of the impact their strategic initiatives had on their financial initiatives. Wal-Mart's sales have not only risen within the United States; it has occurred on a global scale. Their growth last year only shows that their strategic planning has certainly affected their financial planning in that their specific sales objectives need to be modified on a regular basis. Even though Wal-Mart's strategic initiatives have a high-quality effect on their net sales, there are still some business risks that come along with these initiatives. Most of these potential risks faced by Wal-Mart are financially related. These financial risks are tied to overall market risks include repeated alterations and modifications in interest rates and the rates of the exchange of foreign currency. Additional imitations and related risks that are related to their financial planning pertain to insurance. This includes, but is not limited to: vehicle liability, worker's compensation, and overall liability. Other risks associated with Wal-Mart's financial planning involve credit risks. The credit risks have the ability to be modified with the assistance of regular operating procedures. As a result of these risks, Wal-Mart has undergone numerous financial impacts within their business operation. They are susceptible to currency devaluation because of interest, and they do not have the ability to recognize any future market modifications as a result of the current market crisis. As you can see, the risks that are associated with their initiatives have a large financial impact on the company.
What is Process of decision making in business?
Collaborative Decision Making helps your organization achieve optimal results by enabling a shared understanding of insights and facilitating their overall coordination in planning actions, the main goal being to improve performance for tactical initiatives, end-of-period performance analysis, strategic initiatives with cascading responsibilities etc. Manthan Systems Collaborative Decision Making is a category of decision support system that focuses on decisions that are non-routine, complex and require iterative human interaction.
How to abbreviate the words strategic planning?
how do you abbreviate strategic
What is strategic management plan list and explain the steps you strategic management process?
steps process strategic management
What are some Air Force strategic initiatives?
Some Air Force strategic initiatives include the Trilateral Strategic Initiative. The initiative involves the USA, France, and the United Kingdom. The initiative builds on core attributes shared by the three NATO air powers.
What is Strategic level information systems?
Strategic level information systems are designed to support strategic decision-making by top-level management. They focus on long-term goals and objectives of the organization and help in aligning information technology with overall business strategy. These systems typically include executive support systems and business intelligence tools to provide insights for strategic planning and resource allocation.
Strategic change?
Strategic change is a simple and quite a common and ordinary change. With this change, some policies, general plans, and initiatives are changing and it is the first and final steps in conquering the market.
What is a chief strategy officer?
A chief strategy officer is someone who assists the chief executive officer. They help with creating, communicating, executing, and sustaining strategic initiatives.
What substances will displace from haemoglobin?
carbon monoxide can. it has a higher binding affinity to haemoglobin than oxygen does. Aaron Del Duca Manager, Strategic Initiatives DNA Genotek Inc.
Is a solution to a staffing problem creating a strategic plan and definitive initiatives finding recruiting and retaining the appropriate talent combination?
If you ask me, that sounds like a FANTASTIC approach to solving a staffing or a turnover problem!
What is the effectiveness of budget in achieving organizational strategic goals pdf?
Budgets play a crucial role in helping organizations achieve their strategic goals by allocating financial resources strategically. By setting clear financial targets and priorities, budgets guide decision-making and resource allocation to support strategic initiatives. However, the effectiveness of budgets in achieving strategic goals also depends on factors such as alignment with organizational priorities, flexibility to respond to changing circumstances, and proper monitoring and evaluation.
What is the population of Educational Initiatives?
The population of Educational Initiatives is 200.
When was Initiatives of Change created?
Initiatives of Change was created in 1938.
When was Leadership Initiatives created?
Leadership Initiatives was created in 2003.
Describe a strategic planning initiative for your selected organization and identify a strategic initiative discussed in the organizations annual report?
The strategic planning initiatives of Wal-Mart have an immense impact on their financial planning. While the company puts an enormous importance on pricing their products at low prices, it makes their additional operations efficient in a way to capitalize on the overall profits (Wal-Mart, 2009). Their pricing strategies have made them the market leader within the United States. The strategic planning initiatives of Wal-Mart have an effect on both the prices as well as their overall sales. Wal-Mart has sector expansion initiatives in which they open new stores, expand their existing stores, and alter the locations of their lower-performing stores. These moderations require a large amount of capital. In order to lower the high cost load for the continuance of their stores, these initiatives have proven to be highly effective on an overall basis (Wal-Mart, 2009). Although it may not create short-term profits, these initiatives have proven track records to bring in additional long-term capital. However, Wal-Mart's new initiatives have also made an impact on the overall sales of the company. Based on their most recent annual report, they saw an increase of nearly 9% in their net sales when compared to the previous year (Wal-Mart, 2009). They also added nearly $30 billion to their annual sales (Wal-Mart, 2009). This is certainly a display of the impact their strategic initiatives had on their financial initiatives. Wal-Mart's sales have not only risen within the United States; it has occurred on a global scale. Their growth last year only shows that their strategic planning has certainly affected their financial planning in that their specific sales objectives need to be modified on a regular basis. Even though Wal-Mart's strategic initiatives have a high-quality effect on their net sales, there are still some business risks that come along with these initiatives. Most of these potential risks faced by Wal-Mart are financially related. These financial risks are tied to overall market risks include repeated alterations and modifications in interest rates and the rates of the exchange of foreign currency. Additional imitations and related risks that are related to their financial planning pertain to insurance. This includes, but is not limited to: vehicle liability, worker's compensation, and overall liability. Other risks associated with Wal-Mart's financial planning involve credit risks. The credit risks have the ability to be modified with the assistance of regular operating procedures. As a result of these risks, Wal-Mart has undergone numerous financial impacts within their business operation. They are susceptible to currency devaluation because of interest, and they do not have the ability to recognize any future market modifications as a result of the current market crisis. As you can see, the risks that are associated with their initiatives have a large financial impact on the company.
When was Office of Transition Initiatives created?
Office of Transition Initiatives was created in 1994.
