Propose ONE new strategic initiative for the organisation to implement. This initiative can be a major...

Propose ONE new strategic initiative for the organisation to implement. This initiative can be a major functional initiative, such as marketing, use of technology, product (service) innovation/development, and M&A. Describe its contents in details and justify why it is strategic.

Expert Solution

One new strategic initiative for the organization to implement is as below

Functional Strategic Initiative - Use of Technology : Keep embracing latest manufacturing technologies to achieve world class excellence in the organization

Contents of the strategic Initiative: Following are the contents of the strategic initiatives are as below

Strategic initiative should be linked with the vision and mission of the organization, so that strategic initiative and vision. Mission and value drives the organization in the same direction.
Help for profit and revenue generation for the organization in the current and future time frame.
Supports long term business survival and growth: the strategic initiative should help the business for long term survival and growth.
Taking business in the right direction: This strategic initiative should be able to take the organization in right direction for the organization.
Improves future efficiency in the organization: This is initiative should improve the current and future efficiency for the organization.
It is an effective approach for the future of the organization: This should be able to drive an effective approach for the organization.

Why it is strategic:

The initiative is strategic because of the following reasons as below

This initiative will be able to create the technological upgradation in the organization, which is a basic demand for the organization upgradation with respect to the time.
The use of latest technology in the organization will keep improving the efficiency and effectiveness of the organization.
The latest technology usage will results in functional excellence in the organization in terms of better, cheaper and faster results for the organization.
This initiative will drive the benefits for the long term duration and will be able to meet the future upgradation of the organization.
This initiative is linked with the vision, mission and value of the organization
This initiative is output of the strategy of the organization.

keosha answered 1 year ago

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