Management By Initiatives: A New Paradigm for Executing Business Strategy and Achieving Meaningful Business Results

Execution is the most important aspect of a strategy, and strategic initiatives are the most important elements for execution. Therefore, the critical activity in which business-unit leaders, functional leaders, and managers must engage toward achieving their organization's objectives and accomplishing its goals is to focus their efforts on successfully realizing strategic initiatives. As business initiatives go, so goes the organization's strategy.