Strategic Initiatives Management (SIM)
A strategic initiative is an endeavor intended to achieve three interrelated outcomes:
A boundary-spanning vision or “strategic intent”
Realization of important benefits to “strategic” stakeholders and
Transformation & Alignment of the organization
Strategic initiatives are the means through which a vision is translated into practice
Strategic initiatives are collections of finite-duration discretionary projects and programs,
outside of the organization's day-to-day operational activities,
that are designed to help the organization achieve its targeted performance