Initiative (enterprise)
Encyclopedia
An initiative represents an enterprise
's readiness to embark on a new venture. Generally speaking, the motivation
for an initiative arises from a desire to accomplish something that would benefit the enterprise, such as improving productivity, reducing costs or increasing market share.
A typical initiative is expressed as a process and includes metrics
and time frames. It may be a formal, named project
, a pilot project, or an informal executive directive. In any event, an initiative serves as a focal point for attracting the resources needed to accomplish a cherished goal.
Economic incentive
often plays a strong role in establishing and following through energetically to complete an initiative. A strong economic reason for accomplishing the goal can enhance its chance to succeed.
Organization
An organization is a social group which distributes tasks for a collective goal. The word itself is derived from the Greek word organon, itself derived from the better-known word ergon - as we know `organ` - and it means a compartment for a particular job.There are a variety of legal types of...
's readiness to embark on a new venture. Generally speaking, the motivation
Motivation
Motivation is the driving force by which humans achieve their goals. Motivation is said to be intrinsic or extrinsic. The term is generally used for humans but it can also be used to describe the causes for animal behavior as well. This article refers to human motivation...
for an initiative arises from a desire to accomplish something that would benefit the enterprise, such as improving productivity, reducing costs or increasing market share.
A typical initiative is expressed as a process and includes metrics
Metric (mathematics)
In mathematics, a metric or distance function is a function which defines a distance between elements of a set. A set with a metric is called a metric space. A metric induces a topology on a set but not all topologies can be generated by a metric...
and time frames. It may be a formal, named project
Project
A project in business and science is typically defined as a collaborative enterprise, frequently involving research or design, that is carefully planned to achieve a particular aim. Projects can be further defined as temporary rather than permanent social systems that are constituted by teams...
, a pilot project, or an informal executive directive. In any event, an initiative serves as a focal point for attracting the resources needed to accomplish a cherished goal.
Economic incentive
Incentive
In economics and sociology, an incentive is any factor that enables or motivates a particular course of action, or counts as a reason for preferring one choice to the alternatives. It is an expectation that encourages people to behave in a certain way...
often plays a strong role in establishing and following through energetically to complete an initiative. A strong economic reason for accomplishing the goal can enhance its chance to succeed.
See also
- Program (management)
- List of project management topics
- Project planningProject planningProject planning is part of project management, which relates to the use of schedules such as Gantt charts to plan and subsequently report progress within the project environment....