Strategic Management Blog

From Theory to Practice

Companies Are Strategic When They Understand the Process

By LBL Strategies Team

“The best laid schemes of mice and men go often askew” (Robert Burns, “To a Mouse, on Turning Her Up in Her Nest with the Plough”, 1785) If poet Robert Burns were a CEO in today’s operating environment, we expect he’d use that line…often. In fact, is there a better way to manage expectations for a strategic plan with leaders …

PMI REP

LBL Strategies Endorsed as Registered Education Provider by Project Management Institute

By LBL Strategies Team

Chicago, IL: The Project Management Institute (PMI), the world’s largest project management member association, named LBL Strategies as a Registered Education Provider (R.E.P.). The R.E.P. title corroborates that LBL Strategies met PMI’s rigorous standards for quality criteria for course content, instructor qualifications, and instructional design. The Project Management Institute’s network of registered education providers is approved to deliver professional education …

Strategy Execution Principles

Strategy Execution Principles in a Disrupted Environment

By Randall Rollinson

Too often a gap occurs between formulating and executing strategy. In a disrupted environment this can be a fatal error driving unwanted costs, lost opportunities and, ultimately, failure to execute. And when failure at execution occurs, the losses are significant regardless of sector. According to the 2017 PMI Pulse of the Profession report, which surveyed 3,234 professionals globally researchers, in …

Bridging the Gap from Strategy to Execution: Leaders Must Lead

By Randall Rollinson

We all know the routine.  A leadership team comes together to formulate strategy, then armed with the best of intentions, assign business unit and functional teams to execute the initiatives they’ve chosen. Mission accomplished! Not so fast, often a gap between understanding and performance is experienced by those charged with implementing the initiatives flowing from the strategy.  This gap invariably …

LBL Celebrates Another Successful Boot Camp Session in Dubai

By LBL Strategies Team

Dubai was such a great experience for LBL last May that we had to go back! This time we sent our President, Randall Rollinson, to train a new batch of strategy professionals. Equipped with our new and improved Mastering Strategy Boot Camp program, Randall and 16 professionals from Saudi Arabia, United Arab Emirates and Uganda spent five days learning together …

By LBL Strategies Team

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artificial-intelligence

The State of Artificial Intelligence & Business Strategy

By LBL Strategies Team

Artificial intelligence (AI) has become a popular topic in the realm of business. From predicting IT failures to which new song will become a hit, AI presents many exciting opportunities. This begs the question: how is AI affecting the most critical element of any business — its strategy? MIT Sloan Management Review recently partnered with The Boston Consulting Group to …

By LBL Strategies Team

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Twelve Principles of Strategic Agility

By Dan Montgomery

At Agile Strategies, we apply the lessons of both Agile software development and organizational learning to the whole enterprise, particularly the process of formulating and deploying strategy. Here are the guiding principles we work with: #1: Sense and respond  An agile organization senses and responds to disruption and opportunity in real time. This is the only way to address the high levels of …

Strategic Management Process Phase 5

4 Ways A Performance Management System Will Improve Strategic Execution

By Ted Jackson

As a chief strategy officer or someone involved in business performance management, you know firsthand the struggles associated with getting your team (or more broadly, your organization) to execute on strategy. There are so many obstacles to overcome, including those associated with using Excel or PowerPoint as your performance management system. Fortunately, there is a way to save a tremendous …

Strategic Management

What is Strategic Management?

By LBL Strategies Team

We use the term “strategic management” often, but what exactly does it mean? To some, it might seem obvious, but the reality is that the term has a lot underneath the surface that is worth unpacking. To understand what strategic management is from a base level, let’s turn to our friends at the Association of Strategic Planning (ASP) who define …

Leaders Lessons

Three Lessons in Effective Leadership from Elon Musk

By LBL Strategies Team

Part 2 of our blog series. Elon Musk is a unique person. The CEO of his own space exploration company, Space X, and the genius behind the premium car brand, Tesla, Musk is constantly pushing the edge of what’s possible. Often referred to half-jokingly as a real-life Iron Man, Musk seems to always be on the forefront of technology and …