Posts by Randall Rollinson/President, LBL Strategies
What Exactly Does Performance Management Mean in Relation to Strategy?
The term “performance management” has many meanings in the world of business. A common one is “employee performance management,” where businesses track how well an employee is contributing to the organization. This is not the type of performance management we’re talking about here. Performance management takes on a new meaning when brought up in the…
Read MoreHow to Facilitate a Successful Meeting
Everyone has been in a meeting that lacked structure, leaving it to suddenly veer wildly off track. Maybe someone takes too much control over the conversation, or discussion devolves to off-topic complaints or topics. Whatever the reason, as a meeting organizer you’re left in a tough place. At this point the reason you assembled everyone…
Read MoreWhat is your Organization’s Appetite and Tolerance for Risk?
Over the past several months we developed a strategic thinking course for one of our primary clients. As we got into the design and development of the course, we discovered that managing risk is a critically important consideration in thinking strategically. Solid strategic thinking related to executing the organization’s strategy includes assessing the trade-offs involved…
Read MoreIs Your Business Transformation Strategy Going Down the Drain?
How many times have you heard the term “Business Transformation?” Have you ever wondered about the exact meaning of this widely used term? I have. Basically it is a change management strategy which has the aim to align people, process and technology initiatives of a company more closely with its business strategy and vision. Assuming we can generally…
Read MoreThe Most Important Role in Strategy Execution… The CEO
A few years ago our team completed an intense assignment with a mid-sized organization located in the Midwest. Our charge was twofold. In Phase 1 we helped the organization set and communicate a new strategy for the future. As part of this process we conducted a thorough environmental assessment with more than fifty key stakeholders. …
Read MoreThe 5 Most Important Factors to Successfully Implement Strategy
To effectively and efficiently implement an organization-wide strategy requires many factors come into alignment before successful implementation can occur. First, an accountability model must be clearly defined and embraced for each element of the strategy. Who owns each objective in the plan? Who is responsible for each of the organization’s strategic initiatives? Who is responsible…
Read MoreHow do we decide which initiatives and projects make the most sense for us to achieve our strategic objectives?
That is an excellent question! It’s always exciting when your organization comes to consensus about where you’re headed and the strategies to get you there. Once you get to the point of determining the objectives you expect from each strategy, the obvious next step is to determine the initiatives and projects that will help accomplish…
Read MoreWhat is the optimal approach and team size for a strategic planning effort?
There is no one answer to this question. The level and scope of the initial program should reflect the best use of management capabilities, and equally important, leadership preferences on how to initiate strategic management activities—regardless of the ultimate level and scope of the strategic management process aspired to and eventually realized. Organizations, even those…
Read MoreWhat are the basics of environmental scanning?
No one can predict with any certainty what will occur over the next few years. The transformation taking place in the global and domestic economy is unprecedented and it will take some time for new economic patterns to sort themselves out. Regardless, history tells us that there will be winners and losers in every industry.…
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