Describe a strategic planning initiative for your selected organization and identify a strategic initiative discussed in the organization’s annual report.

Fin/370 – finance for business, week 3

For my selected organization, a strategic planning initiative that I would propose is to create an innovation center. This center would be dedicated to researching and developing emerging technologies such as artificial intelligence or virtual reality with the aim of uncovering new opportunities for the company and its customers. The center would be staffed by both internal personnel as well as external experts in various fields who can provide insights into potential applications of these technologies. Additionally, it should also feature regular events/forums where partners and industry stakeholders can come together to share ideas on how we might collaborate on future projects.

A strategic initiative discussed in the organization’s annual report that aligns with this proposed innovation center is their focus on digital transformation. They recognize the importance of leveraging technology to maximize efficiency and profitability while still adhering to customer needs which has led them to launch various initiatives such as cloud-based solutions and data analytics platforms. By creating an innovation center they will be able to build upon existing efforts while also exploring new paths which could lead us towards even greater success down the road.