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MANAGEMENT DEVELOPMENT: A STRATEGIC INITIATIVE By Lin Grensing-Pophal June 1999 Reviewed August 2002 Introduction Many managers are promoted into managerial roles because they exhibited strong performance.

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For an initiative to be strategic, it should meet the following criteria: It will help achieve organizational strategic goals and position the company to better deliver value for clients and shareholders. It implies a change or improvement, making it distinct from day-to-day operations.

There are five steps to a well-made strategic initiative. Step 1: Set a Goal. Before you get started, you have to know what it is you're starting. ... Step 2: Set Objectives. As noted, objectives are specific, measurable and realistic long-term goals. ... Step 3: Set the Strategy. ... Step 4: Set Up a Plan. ... Step 5: Execute the Plan.

What are strategic initiatives? Strategic initiatives are the means through which an organization translates its goals and visions into practice. To stay ahead of the competition, companies need to systematically build a portfolio of strategic initiatives.

The three tenets of successful initiative execution are discipline, transparency, and efficiency.

What are strategic initiatives? Strategic initiatives are the means through which an organization translates its goals and visions into practice. To stay ahead of the competition, companies need to systematically build a portfolio of strategic initiatives.

It is concluded that management development as strategy has an important role to play in promoting organisational success, in developing individual and organisational effectiveness, and in differentiating the quality of a company and its people from competing organisations.

The purpose of a strategic initiative is to work toward realizing the organizational vision. For example, a car company's vision might be to sell the most reliable vehicles on the market.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232