Fractional Glossary Terms

ih-nish-uh-tivz (noun) Initiatives are specific projects, programs, or strategic actions that an organisation launches to achieve particular goals or address identified challenges. They represent proactive steps taken to drive change, implement improvements, or tackle problems before they become bigger issues.

Think: the corporate equivalent of New Year's resolutions, except these actually have budgets, timelines, and people responsible for making sure they happen.