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strategic thinking framework

What’s the Difference between Strategic Thinking and Strategic Planning?

By Doug Maris / / 0 Comments

Recently a client asked a very simple, and yet extremely complex, question: “What’s the difference between ‘strategic thinking’ and ‘strategic planning’?” Great question! A quick Google search reveals that academics have pondered and debated this question since the early 1990’s. One extremely helpful scholarly overview can be found in the June 1998 volume 31 of Long Range Planning, in a …

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The 5 Most Important Factors to Successfully Implement Strategy

The 5 Most Important Factors to Successfully Implement Strategy

By Randall Rollinson / / 0 Comments

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 for defining, collecting and reporting …

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Five Methods to Kill Your Strategic Management and Planning Process

Five Methods to Kill Your Strategic Management and Planning Process

By Doug Maris / / 0 Comments

There are countless ways to derail a strategic planning process. Sometimes a process is undone by the tyranny of the urgent. Other times the process can be intentionally sabotaged by c-level staff who fear the process encroaches on their territory. But most often, when a strategic planning process unravels, it is due to one of the following sure-fire methods, virtually …

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The Quintessential Killer of the Corporate Vision

The Quintessential Killer of the Corporate Vision

By Richard Faulkner / / 0 Comments

“Your vision will become clear only when you can look into your own heart. Who looks outside, dreams; who looks inside, awakes.” (Carl Jung) Carl Jung’s work in understanding the human psyche (conscious and unconscious) fundamentally informed the development of modern psychoanalysis. His quote elegantly frames the challenge within the human condition to find balance between what we want (desire) …

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4 Critical Elements of Leading Effective Change in Your Organization – Brown Bag Strategies

By LBL Strategies Team / / 0 Comments

Once organizations make the decision to take on a strategic planning effort, it is not unusual to start thinking about strategies right off the bat. A better approach is to redirect the enthusiasm into getting organized and gaining a clear picture of the organization’s current situation.

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strategic objectives

How do we decide which initiatives and projects make the most sense for us to achieve our strategic objectives?

By Randall Rollinson / / 0 Comments

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 those objectives. Sounds easy, but …

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What is the optimal approach and team size for a strategic planning effort?

What is the optimal approach and team size for a strategic planning effort?

By Randall Rollinson / / 0 Comments

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 performing the same functions and …

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key environmental variables

What are the basics of environmental scanning?

By Randall Rollinson / / 0 Comments

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.   Some industry participants will …

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How do I know where to begin a strategic planning project?

How do I know where to begin a strategic planning project?

By Randall Rollinson / / 0 Comments

To create an effective strategic plan and management system is a major challenge for any organization. To do so without the necessary preparatory steps will, in all probability, result in wasted time, energy, misdirected efforts and can even lead to the resulting plan failing. Having a clear understanding of where your organization’s journey begins is vitally important and too often …

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What is the difference between a KRA and a KPI?

What is the difference between a KRA and a KPI?

By Randall Rollinson / / Comments Off on What is the difference between a KRA and a KPI?

If you’re looking for the difference between KPIs, KRAs and OKRs, you can find that article here. A key result area (KRA) is an strategic factor either internal to the organization or external, where strong positive results must be realized for the organization to achieve its strategic goal(s), and therefore, move toward realizing the organization’s longer term vision of success.  Key result …

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