Case Study : Initiative Funding

RICOH

Strategic investment fund

Ricoh creates a Strategic investment fund for projects not included in its operational and capital budget. Actor in this case : - CEO - SPO (Stategy and Planning Office - Business Unit, Functional Unit

CEO Proposal o Funding Initiative PSO* analyzes each proposal and allocates strategic investment fund prepare and submit

Business Unit

Functional Unit

What CEO and PSO do

CEO and SPO hold quarterly review meetings to assess the progress of the funded projects

Establish Accountability For Strategic Initiatives

Executive-level Leadership
Strategic themes require strong executivelevel leadership assign 1-2 members of the executive team to be the owners of each strategic theme (overseeing execution )

Challenges to Establish Accountability For Strategic Initiatives

There are two factor make this step a challenge : 1. the strategy has been divided into several strategic themes 2. the strategic themes are still plans

Illustration

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Theme Owner Strategic Theme

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Theme Owner Strategic Theme

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Theme Owner Strategic Theme

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Theme Owner Strategic Theme

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Theme Owner Strategic Theme

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Theme Owner Strategic Theme

Theme Team

Theme Owner
Strategic Theme Member

EXAMPLES
the responsibilities of the Theme owners (Luxfer Gas Cylinders )

1. Assess how well the theme's cross-functional strategic objectives 2. Identify key issues and situations that could affect strategic implementation, and propose appropriate actions and accountabilities 3. Act as a center of theme competency (Mentor/liasion theme team) 4. Ensure that theme measures and initiatives align with theme objectives, 5. Sponsor new initiatives or changes to existing initiatives,

Theme Owner
In general, the job of theme owner is link the theme's strategic objectives to operational tasks. Luxfer's product leadership theme team does not take overproduct development, but, It helps out where needed and draws attention to any aspect of product development that is not aligned with strategic objectives

Theme Team
The primary responsibility is identifying and funding (from the STRATEX allocation) the portfolio of initiatives required to execute the theme's strategy. Some initiatives in the portfolio are likely to be cross functional. In this case, the responsibility for these initiatives either remains with the theme team or is assigned to a centralized project management office that has particular expertise in large-scale project management.

Theme Team
The theme team also can translate the highlevel strategic process objectives into detailed and actionable subprocesses.

Conclusion
theme owner and team must monitor the performance of all the theme's initiatives