Nov 22, 2017
The Brightline Initiative Announces the Addition of Saudi Telecom Company - STC
The Brightline Initiative announced today that Saudi Telecom Company (STC) is joining the Brightline Initiative coalition to help advance the discipline of strategic initiative management and bridge gaps between enterprise strategy design and delivery. The initiative’s agreement has been signed by STC Group CEO, Dr. Khaled Biyari and by Brightline executive director Ricardo Vargas in the presence of Mohammed Alabbadi, VP of Strategy Executions and Corporate Affairs . Launched early in 2017 by the Project Management Institute (PMI), the Boston Consulting Group (BCG) and the Agile Alliance, the Brightline Initiative is a non-commercial coalition dedicated to helping executives bridge the expensive and unproductive gap between strategy design and delivery. Brightline conducts thought leadership research and promotes best practices designed to improve an organization’s ability to deliver on strategic intent, helping organizations reduce the failure rate of large-scale strategic initiatives and avoid the resulting loss of competitive advantage and destruction of value. “STC has a profound expertise and a renowned success in building and executing strategies. We are looking forward to joining a coalition that brings together leading organizations and academics worldwide to address the critical business issue of successful strategy delivery,” says STC Group CEO, Dr. Khaled Biyari. He added: “For STC, this capability is core to capturing emerging opportunities in the MENA while remaining a leader in ICT and managing overall challenges over the coming years.” A report from a global multi-sector survey of 500 senior executives conducted by The Economist Intelligence Unit (EIU) and commissioned by the Brightline Initiative found that nearly 90% of global survey respondents admit they fail to achieve all their strategic goals because they don’t implement well, and more than half (53 percent) agree that inadequate delivery capability puts them at a competitive disadvantage. Brightline executive director Ricardo Vargas says, “The Brightline Initiative welcomes STC to our growing ranks as we help organizations bridge the strategy implementation gap in an era of disruption and social and economic challenges. It is important to highlight that strategies are just passive plans on a piece of paper unless organizations find ways to impact employee behaviors and instill new ways of working together.”
- Inauguration of the First Digital STC Store in KSA Offering Services 24 hours
- Saudi Telecom Company (STC) has been elected to the GSMA Board, the world's largest mobile organization
- Tarig Enaya at the Future Investment Initiative: 10 Billion to Be Invested in Smart Cities in the Next Four Years
- STC’s Net Income for Q3 2018 compared to the comparable quarter last year and the 2nd quarter this year increased by 2.9% & 8.1% (respectively), and it distributes SR 1 per share dividends for the 3rd quarter.
- Future Investment Initiative: Al-Nasser urged to innovation and investment to accelerate digital transformation