business initiatives examples

We see initiatives as the bridge between the company mission and everyday operations. According to the American Academy of Sleep Medicine, the more sleep an employee gets, the less likely they are to call in sick: “Results show that the risk of an extended absence from work due to sickness rose sharply among those who reported sleeping less than 6 hours or more than 9 hours per night,”. Business Initiatives Consultant 1 Jan 2015 - Current Wells Fargo Charlotte , North Carolina Integral part of meeting the daily requirements of our business unit to ensure a productive environment for our customers and clients. Companies often don’t realize that healthy employees lead to happier ones! Take a look at three examples of remarkable marketing initiatives that showcased innovation and originality. It cites climate change, water scarcity and water quality as significant business risks. Fostering trust among your employees does wonders for engagement and it also benefits employers as it has been suggested that employees may actually. Managers and team leaders can plan a monthly meeting where one or a group of employee(s) is called out for their excellent work. For anyone who wants to start a business, writing a business plan is the first step. Thanks for sharing these valuable insights.To improve company culture you can also implement Visual Management in your workplace.It helps in better performance in industry parameters such as safety, quality & productivity. When the team gets together to discuss opportunities and weaknesses, each point can become a business initiative. For instance, starting school lunch programs, increasing business partnerships with workforce programs, and encouraging local or state policy changes. Cheers! While it’s important to have pride in your work, it’s equally important to focus on other aspects of life, family included. A strong example of using initiative in a job application is like a piece of evidence, and is often the starting point for a conversation in your interview. Thank you for sharing. – Jodi Shapiro Start ramping up your company initiatives to boost employee engagement and happiness. Employees will love spending time doing something new and the business will flourish as connections are made that take projects and ideas to the next level. Title: Business Mapping Application Development Strategy (ongoing) Contact: Alex Wood (Precision Geographic Inc.) Desired Project Timeframe: Q1-4 2015 . I can attest to the notion that when cramming or involved in a big project, finding a work-life balance can be difficult. That is amazing to hear. The size of the companies contributing ideas doesn't really matter. Changing or implementing an initiative is a big part of the promotion of your business. In this section, you can share about what projects, activities, and/strategies your initiative is doing to help reach its desired goals. Marketing initiative is a broad term that is used often. Milestones can clearly highlight the KPIs the business wants to hit during this growth period, thereby giving your teams specific goals (and deadlines) to strive towards. Below are three initiatives that require very little resources, ... Business acumen analysis, ... starting with executive and senior leaders setting the example. Shadow initiatives give everyone a chance to understand the roles of their collegues and see how their two positions can work together to achieve even better results. Hold a bi-annual volunteer event, where employees volunteer their time rather than go into the office for the day. Join our mailing list so you never miss a post. The role of the committee is to shape initial ideas into a smaller and clearer set of goals, strategies and supporting initiatives through several iterations of discussion, drafting, review and redrafting. Ramp up your company initiatives. Join our email alert list so you never miss a post. For example, complicated initiatives or those dependent on a few key individuals or assets tend to be difficult to scale by replication. In addition to cutting your utility costs, it’s also quite possible to cut down on the costs of transportation, water, waste disposal, and paper.Of course, your biggest savings in these areas will depend on the kind of company you operate. Provide an overview of the initiative you are proposing. Business departments often get siloed and have little understanding as to what each other is doing. We’ve always put our people first, and will continue to do so in the evolution of future programmes and offerings. A shift in positioning is a good example. You might be interested in checking out this article covering 12 Ways to Improve Your Workforce’s Work-Life Balance: https://www.achievers.com/blog/12-ways-to-improve-your-workforces-work-life-balance/, Your email address will not be published. For this to stick, it has to work top down. People don’t want to step on a giant scale and see how much weight they lost (or didn’t lose!). I'm now in "give-back mode" as a mentor to startup founders, and an Angel investor. Set your time period (4 hours, an afternoon), and ask each shadow pairing to come up with one way they can work together in the next month. Employees will feel better and they’ll love telling people they have “sleep goals” for work. By making sustainable efforts part of your company mission, you are making a commitment to sustainability becoming an integral part of your bottom line. As long as they are performing up to expectations and making themselves available for meetings and other requests from colleagues, allow them the flexibility to manage their own schedules. Start ramping up your company initiatives to boost employee engagement and happiness. For many, writing a business plan can seem intimidating; however, with … Share your comments below. Grow shareholder value: The top goal of your organization may be to increase the value of your organization for your shareholders, stakeholders, or owners. Luckily, you don’t have to reinvent the wheel to improve company culture. For larger organizations, an employee recognition platform is a great way to create and embed a culture of recognition. Not only does it help you focus your goals and plan a business, it is often necessary when getting startup money. Instead, they want measurable processes that lead to overall well-being; to track progress with technology, get stronger, healthier, and feel great. Employees of all generations care greatly about achieving a proper Work/Life balance, making it an important part of any culture campaign. In today’s competitive market for talent, office culture is everything. One way to bring more kindness, respect, and empathy into the workplace is with a company initiative focused in kindness. You may opt-out by. @workperks, Thank you Jodi for reading and sharing your comment! Something as simple as replacing some unhealthy snack options with healthier ones can make a huge impact on your company culture! Regardless of your company’s goals, here are 12 examples of corporate sustainability initiatives from … Describe the problem, condition or observation that inspired this proposal. My background includes a 30-year track record…. They represent the path through which we achieve our targeted performance. If you decide to replicate an initiative, define a model based on core principles and ensure that leadership and mentorship are readily available. Greenhouse gas emission reductions: Adobe The software … For example, in March, members of the marketing team will shadow whomever they want. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation BrandVoice, Subscribe Now: Forbes Entrepreneurs & Small Business Newsletters. Multiple strategic initiatives may be used in conjunction to reach your larger business goals, with each initiative serving as a single step in the process. Projects are the logical descendants of initiatives as they represent the link between tasks and the more strategic planninglevel. A common pain of startups after an exhilarating first surge of early adopters is a long and frustrating plateau of slow growth, where it seems like nothing you do will get your business to profitability. First you need to take consolation from the fact that you are not alone, and more importantly you need to implement an active growth and marketing plan to include the following initiatives: All the trials and triumphs of building a business – delivered to your inbox. Try to use these positive, negative and self evaluation initiative phrases and examples to write a … In fact, the best sponsor for a KM initiative is the person responsible for the key business driver. Unlimited time off: This is something many startups and even larger companies are starting to offer. First and foremost Business Initiatives develops leaders. Think of the Fortune 500 firm that buys out a competitor, or when a larger firm merges with a competitor to corner a young market.Example: Facebook’s Instagram acquisitionIn April 2012, Facebook changed the mobile startup scene overnight by acquiring the photo sharing startup, Instagram, for a… To capture this growth, transparency and collaboration within business are crucial. Whether you’re starting a new business or just trying to increase your sales, forming strategic sales initiatives can help you and your team focus on specific tactics that can grow your customer base and increase your market share and overall sales. I provide pragmatic advice and services to entrepreneurs and startups. The circular economy could unlock $4.5trn in economic growth. We completely agree. As mentioned earlier, BSR and Futerra are actively hoping to build up examples of successful case studies that can be added to this tool over time. Too many entrepreneurs don’t know what to do at this point, largely accounting for that disappointing 50 percent of startups that fail in the first five years, according to Gallup. Don’t give up your dream too early. In present use, agile thinking means to embrace the “agile values” declared by agile software evangelists, those values being things like flexibility, speed, customer responsiveness, change, and good engineering. In the aforementioned Communispace study, 49 percent of millennials reported work-life balance as an important part of their health and wellness, followed by relationships with friends and family (47 percent). This initiative is a complete success because it’s a win–win–win campaign: consumers get the same quality products for cheaper, the growers get money for products that are usually thrown away and Intermarché increase its business by selling a brand new line … Unfortunately, the challenges of scaling a business, and making it profitable, often last longer than the product development phase. Your specific business … While that may be accomplished in PowerPoint, it is much easier when aided by Balanced Scorecard software. My experience with investors includes roles on the selection committee of two local Angel groups, and working from the other side of the table with several VCs in Silicon Valley. Some companies focus on environmental sustainability initiatives, while others have sustainability goals for health, poverty, education, and equal access to resources. A definition of strategic business unit with several examples. ... 8 Initiatives To Increase Your Business Growth Curve. Strategic Initiatives Examples: The above template is primarily useful when designing your Balanced Scorecard and inventorying initiatives. INITIATIVE PROPOSAL (Proposal Name Here) Submitted By Date Submitted Organization (Author Name Here) MM/DD/YYYY (Organization Info Here) 1. If you use a tool like Slack to communicate within your office, this is easy to facilitate. Competitive industries – for example the travel industry – use strategic initiatives to create competitive advantage. Sales Initiative Ideas. 🙂 A strong company culture always has such a positive impact on employee engagement and happiness. Give every employee one workday a year, month or quarter to take part in a volunteer activity of their choosing. Don’t do it on a Saturday—not only will you likely cripple turnout, but employees will likely not appreciate having an initiative such as this scheduled during their free time. In a recent poll, 76 percent of respondents said the world is a less kind place than it was 10 to 20 years ago. I am the Founder and CEO of Startup Professionals, a company that provides services to startup founders around the world. Pets. When a company encourages this mindset, it goes a long way in maintaining a sense of morale. Unfortunately, the challenges of scaling a business, and making it profitable, often last longer than the product development phase. Feel free to Circle me on Google+. In addition to blogging, I recently released my first book titled “Do You Have What It Takes To Be An Entrepreneur?” You can contact me directly at marty@startupprofessionals.com . To keep it organized, allow one department to shadow each month. Learn how SBA initiatives help small businesses succeed and empower future leaders. Flexible work hours: Instead of limiting office attendance to the standard 9-to-5, allow employees to work when and how they can personally be most productive, whether that means coming in and leaving early, or working through the night. Developing a Strategic Initiative Plan. This is how we go from mission t… Some make big mistakes, such as Webvan expanding too fast with a huge infrastructure, and Pets.com, trying to grow the business with a negative margin, under the mistaken assumption that winning customers is more important than making a profit. Many companies do this in the summer, when people tend to go on more weekend escapes. Work from home: If possible, allow employees to occasionally work from home, be it once a week or month. Here are a few suggestions for setting up a volunteer initiative: In addition to the inherent value of the good deed itself, participating employees will feel good about themselves and gain more respect for your business, making volunteer initiatives especially valuable. Sample Goals, Strategies, and Initiatives These examples are drawn from finished strategic plans, so they are more polished and succinct than the ideas that come out of a planning early on. Top 6 environmental initiatives that could save your business money Culture Alignment Techniques That Drive Business Performance, 3 Ways Culture Drives Employee Engagement – Igloo, https://www.achievers.com/blog/2017/06/7-ways-de-stress-workplace/, A list of some of the most unique impactful office culture ideas companies can integrate into their office, https://www.achievers.com/blog/author/jessica-thiefels/, https://www.achievers.com/blog/12-ways-to-improve-your-workforces-work-life-balance/, Understanding Change and Its Impact on Engagement, 3 Employee Engagement and Recognition Predictions for 2017, https://www.achievers.com/blog/5-company-initiatives-improve-office-culture/. Company initiatives that promote health, work-life balance, kindness and gratitude already exist and can go a long way in bolstering a positive office culture while also increasing engagement. Reward employees who volunteer on their own time with “free” half-days. Set your time period (4 hours, an afternoon), and ask each shadow pairing to come up with one way they can work together in the next month. Do you have any thoughts on this article? You are probably familiar with popular health hashtags such as: #Healthyisthenewskinny and #progressnotperfection. I was delighted to read this in the knowledge that we are doing all of this in some shape or form through our benefits and initiatives at Virgin Management. There should be no initiative without projects, and also we aim not to have too many projects that are not directly contributing to an initiative. Content for B2B Sales, B2B Marketing & Recruiting Opinions expressed by Forbes Contributors are their own. I am the Founder and CEO of Startup Professionals, a company that provides services to startup founders around the world. For us, initiatives and projects are strongly linked. This article is a critique of, “agile thinking,” with examples provided for a strategic initiative at Corning: Agile Business Innovation. Stay updated on all the latest articles from The Engage Blog by subscribing at the top right hand side of this page. Thank you for reading and sharing your comment, Rob! With employees spending most of their time (some upwards of 50 hours a week) in the office, it should come as no surprise that HR leaders consider developing and nurturing corporate culture and employee engagement to be their number one challenge. However, organizations will also need to regularly report on initiatives. My background includes a 30-year track record as an executive in general management, computer software development, product management, and marketing. You can learn more about the Business Case Builder this week at the BSR Conference in San Francisco, held Nov. 5 to 8. Any team at your business can sneak a peek at this roadmap to understand how the rest of the organization will participate in “biz dev” and thus, plan their initiatives accordingly. One very common business strategy is for larger firms to gain a stronghold in a growing market through aggressive M&A activity. Set a sleep goal for employees and have them track their sleep over a period of time to earn rewards like gift cards, merchandise or PTO. In short, business initiatives are the result of strategic planning sessions. Using Slack, colleagues can not only tag the recipient of the “props”, but the entire channel, so everyone sees what that person did. 🙂 Definitely important to focus on work-life balance. Value can b… Another way to show initiative is to help the community by becoming a volunteer. Required fields are marked *. Thank you for reading and sharing your comment! A strategic initiative plan may include multiple initiatives that are designed to work together toward a … Employee health is SO important! An example would be coming up with a unique idea that helps a company improve productivity. millennials care deeply about what they eat: “More than a quarter say organic, natural and non-toxic products are part of maintaining their health and may see them as alternatives to traditional medicine, signaling an opportunity for brands well beyond the traditional health care sectors,” If your organization can’t pay for lunch every day, choose a couple days to provide an organic lunch for employees or consider partnering with a catering company or bringing in a chef. February 7, 2017Last Updated: April 3, 2020. When selecting and creating your financial objectives, consider what you’re trying to accomplish financially within the time span of your strategic plan. For example, in March, members of the marketing team will shadow whomever they want. Those with ma… With the idea of encouraging progress towards health goals in mind, why not hold a fitness challenge and then give employees a period of time to prepare for a re-test, challenging them to improve their performance and beat their old numbers. To learn more about how to improve your company culture, access Achievers' free webinar recording, "Culture Alignment Techniques That Drive Business Performance.". The circular economy: Enabling the transformation to circular business. An entrepreneur who has struggled to fund and build a dream solution may think they can relax when the first wave of customers come in. We could all benefit from more kindness in the world these days; not only at work but throughout our daily lives. With fitness trackers and other wearables, people can now track how long and how well they’re sleeping every night. All Rights Reserved, This is a BETA experience. A company initiative focused on volunteering is relatively easy to set up and gives you a chance to boost your employer brand while also increasing loyalty and engagement among millennials. The good news is these challenges are not rocket science, so anyone can do it. It should include the following components: Examples include: When giving constructive criticism or performance feedback, always give “compliment sandwiches” (compliment, criticism, compliment), assign work based on people’s strengths to set everyone up for success, exhibit small acts of kindness like holding the door open for coworkers, etc. This implies that your decisions, partnerships and supply chain are all strategically … The friendly competition will encourage camaraderie and morale among employees while emphasizing greater personal health through competition. A strategic business unit is a division or team of a company that is responsible for its own strategy and bottom line.In some cases, they are run as a completely separate business. Whether it’s through building and implementing strategy, or one of our transformative leadership programs, or one-on-one coaching; expect an energized, accountable and ready-for-action team at the end of any engagement with us. In any case, it’s no fun to be stuck in this stage, struggling to make payroll, and dealing with impatient creditors and unhappy investors. Another example of adding value is motivating others within a work group to reach team goals. Performance review phrases examples for initiative to write a performance evaluation and complete your performance review form for free. Employees will love getting the extra recognition, and more kindness may help reduce drama and sticky office politics. Set up a channel where employees can recognize one another with a timely “thanks” or “nice job” regarding recent business successes. 🙂 Check out more articles by the author, Jessica Thiefels: https://www.achievers.com/blog/author/jessica-thiefels/. 2. With that in mind, here are a few modern company initiatives focused on health to try: According to a 3-month Communispace study. However, if you understand what it is you will be more able to effectively put an initiative in place if you need to. © 2020 Forbes Media LLC. Giving back is not only good for the soul of your organization, it’s also good for attracting and retaining millennials: But sadly, only 57 percent of millennials believe that business leaders are committed to improving society. Examples of strategic goals for this perspective include: 1. Financial objectives are typically written as financial goals. Thank you Sharon for the comment! To get your brand exposure, you have to possess some creativity. Com April 27, 2000 Photo Scott Gries/ImageDirect. 🙂 Check another fun read on 7 ways to de-stress the workplace: https://www.achievers.com/blog/2017/06/7-ways-de-stress-workplace/. Other than decreasing your business’s impact on the environment, one of the biggest benefits of implementing green initiatives is cutting costs, particularly in regards to energy consumption. Employees can take as much, or as little time off as their job permits, without worrying about PTO caps or tracking their remaining vacation days. If you’re unsure where to start, here are a few company initiatives to consider: Companies have been holding organization-wide health challenges and the like for some time now, but the kinds of health initiatives employees desire are different than they once were, where end results were all that was emphasized. When the U.S. Supreme Court ruled that corporations were legal persons (citizens), protected by the Constitution, the concept of corporations being “good citizens” was elevated to a voluntary level. Initiative Performance Review Phrases Examples. Your email address will not be published. Business Initiatives Consultant, AVP Wells Fargo - West Des Moines, Iowa Partner with leadership regarding portfolio management, team member training and development, leading key initiatives, vendor management, and leading small teams of resources to obtain common objectives. Half-day Fridays: Offer this once a month, or during a specific quarter. Others do far too little, assuming the viral effect and word-of-mouth will soon kick in, and sales will suddenly grow exponentially. Luckily, there are many ways you can help employees foster desired work-life balance: This company initiative allows employees to shadow their peers for a period of time. To ensure a tangible element for this type of recognition, employers can also create a wall of fame to post photos of these high performing employees. 5 Company Initiatives That Improve Office Culture. Strategic Business Initiative Plan (Sample) Date: August 2014 . Some recognition software providers, like Achievers, even allow the integration of popular tools like Slack within their recognition platform to further encourage “recognition in the flow of work”.

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