SSC All Board Business Initiative Board Question 2018. 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.
SSC All Board Business Initiative Board Question 2018
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. Business Initiative Suggestion and Question Patterns of HSC Examination 2018 Business Initiative Suggestion and Question Patterns of SSC Examination 2018.
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.
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.
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.
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.
Networked Business Initiative is putting nations, businesses and their advisors on the fast track to improved business practices in the digitally networked society.
Audra Bianca has been writing professionally since 2007, with her work covering a variety of subjects and appearing on various websites. Her favorite audiences to write for are small-business owners and job searchers. She holds a Bachelor of Arts in history and a Master of Public Administration from a Florida public university.
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SSC All Board Business Initiative Board Question 2018