Strategy Execution

Strategic Management

What is Strategic Management?

By LBL Strategies Team / / 0 Comments

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 …

Read More
Eugene_F._Kranz Nasa

What Strategic Leaders Can Learn from NASA’s Most Famous Flight Director

By LBL Strategies Team / / 0 Comments

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 …

Read More
Strategic Management Books

Want to Be a Better Strategic Planner? Read These Classic & New Books on Strategy

By LBL Strategies Team / / 0 Comments

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 …

Read More
KPIs

What’s the Difference Between the KPIs, OKRs and KRAs?

By LBL Strategies Team / / 0 Comments

When it comes to setting organizational goals, finding the right measures to track your success is a crucial part of the process. If you want to keep up with a changing market, you should know how well you’re doing, how you can improve and what effect your actions are having on your overall strategy. Needless to say, the pursuit for …

Read More
Strategic Plan

Never Stop Evaluating Your Strategic Plan

By LBL Strategies Team / / 0 Comments

As the rate of innovation, disruption and change accelerates across all sectors private, public and nonprofit, the requirements of strategic planning are called into question. New methodologies, techniques and tools such as OKRs come to the fore challenging organizations to adopt shorter timetables and be more nimble in the formulation of strategy, evaluating performance and making course corrections. In the …

Read More
Business Innovation

A Peek Behind the Curtain: How Do Successful Companies “Innovate”?

By Gail Stout Perry / / 1 Comment

The topic of innovation can be daunting, filled with vague terminology and mysterious processes. How does an organization innovate? How does one create a culture of innovation? And how does one guard against – or create – disruptive innovation? And what does all of the above even mean? Steve Jobs said it best, “Creativity is just connecting things. When you …

Read More
Data vs. Experience

Data vs. Experience: Is Going with Your Gut Obsolete?

By LBL Strategies Team / / 0 Comments

As the business world’s dependence on data collection and analytics continues to grow, many strategic planners are left wondering what their role is going to be in this new era of computer-driven decision making. Is the old-school CEO going to be usurped by technology, or is there still room for someone with professional experience to make the call? The answer …

Read More
strategic leadership

The Most Important Role in Strategy Execution… The CEO

By Randall Rollinson / / 0 Comments

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.  We took the findings and …

Read More
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 …

Read More
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 …

Read More