From strategy+business: Major initia­tives are often a cause of signif­i­cant fric­tion between the senior exec­u­tives who oversee a project and the managers who are charged with imple­men­ta­tion. Often drawn from around the firm to sit on a super­vi­sory steering committee, the senior exec­u­tives are on the hook for a project’s success. Typi­cally, though, steering committee members lack the time, the prox­imity, and the exper­tise to under­stand all the issues and details involved in a project — and many struggle to provide the right level of guid­ance and super­vi­sion. · Go to Managing major corpo­rate initia­tives →