strategic initiative

A strategic initiative is an action-oriented and measurable goal set to achieve specific objectives and a long-term vision for improvement. The success of the set strategic initiatives depends on deciding the goals you want to accomplish and what the bottom line means. You can achieve the desired outcomes by determining the maneuvers and actions required for success.  

A typical strategic initiative for organizational development will include multiple projects. Organizations can also set out several strategic initiatives to achieve a larger and more visionary goal.

Before you implement a strategic initiative in your organization, it is best to analyze the existing projects, determine how well they align with your goal and eliminate tasks that will not impact them.

The top characteristics of the strategic initiative are:

• Well-defined goals
• Budgets
• Timelines and milestones
• Practical steps to achieve desired goals
• Measuring to gauge the progress