Business Initiative Suggestion and Question Patterns of HSC Examination 2014. A business initiative is an organization’s way of setting a priority. It is usually a description of the direction the organization wants to take and how that will improve the organization. The initiative may be a component of the organization’s vision for the future.
Business Initiative Suggestion and Question Patterns of HSC Examination 2014
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Business Initiative Suggestion and Question Patterns of HSC Examination 2014
Business Initiative Suggestion and Question Patterns of HSC Examination 2014
Business Initiative Suggestion and Question Patterns of HSC Examination 2014
Business Initiative Suggestion and Question Patterns of HSC Examination 2014
Business Initiative Suggestion and Question Patterns of HSC Examination 2014
Business Initiative Suggestion and Question Patterns of HSC Examination 2014
A company might use a list of business initiatives to describe its strategic vision to investors. For example, Wells Fargo describes 10 strategic initiatives on its corporate website. Some initiatives relate to types of services that employees should sell more, such as getting business households to purchase personal banking products. Another example is the desire to get its account holders to obtain the company’s credit and debit cards. These strategic goals indicate how a company will grow in its market position.
Sometimes a business initiative is a project that leaders and employees collaborate on because there is an internal problem to be solved or a customer need to satisfy. In this mode, an organization can produce one or more technological changes. The organization that can involve technology professionals in developing new technologies will be able to better manage change in the organization.
Any business initiative that will change the status quo will require coordination of managers and executives. For example, managers must prepare employees to change organizational procedures and employee behaviors. This includes overcoming resistance, getting employees to embrace the change and setting a schedule for implementation.
Inside an organization, it might be in the management team’s strategy to build a healthy competition between teams that service different client accounts. Each team can build the prestige of its own team by brainstorming new business initiatives for its own clients. For example, a team might write a list of goals, key actions and issues for a specific client. This kind of project will help to build the team that services that client.
Business Initiative Suggestion and Question Patterns of HSC Examination 2014
Business Initiative Suggestion and Question Patterns of HSC Examination 2014
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