Strategic Planning
At every venue you visit for the services you need, there are credentials and certificates hanging on the wall. Behind the desk of your attorney and CPA are their degrees and licenses; your surgeon and dentist proudly display the medical credentials they worked so hard to earn. Even for professions that don’t take years of university schooling, you put your …
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When you compare strategies between businesses, you’ll find that no two are exactly alike. Each business is trying to accomplish something another isn’t – however large or small the differences end up being. This fact could lead you to believe that a strategy professional’s talents are unique to each business too, with no transferable skills. But, when you look into …
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For professionals in charge of strategic planning and management, having a Project Management Professional (PMP) certification can certainly be a boon to your resume and your career. But now that you’ve earned it, you have to keep it! What are some of the best ways to make sure you’re continuously earning the PDUs, or Professional Development Units, that you need …
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“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 …
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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 …
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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 …
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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 …
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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 …
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Gene Kranz helped build NASA from the ground up in the late 1950s, developed the space program through Mercury, Gemini and Apollo, and he was the flight director for missions including Apollo 11 and Apollo 13. He’s the guy that ran mission control, one of the key players in achieving the goal of “landing a man on the moon and …
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In general, to be effective in any discipline, one must acquire the knowledge and skills required to practice that discipline. If you are looking to be effective in the practice of the strategic management discipline, we encourage you to become familiar with many of these books. Each adds to the overall body of knowledge which makes up the discipline of …
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