Strategic Management Blog

From Theory to Practice

key environmental variables

What are the basics of environmental scanning?

By Randall Rollinson

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 …

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

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 …

What is the difference between a KRA and a KPI?

What is the difference between a KRA and a KPI?

By Randall Rollinson

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 …

Building a Strategic Information “Radar” System

Building a Strategic Information “Radar” System – Part II

By Randall Rollinson

In this the second segment of our “Radar” post. We offer insights into facilitating the learning and strategic thinking processes in leadership teams of mid-sized organizations. Whether it is in a private sector, public sector or nonprofit organization we believe these principals apply. Let’s begin with a clear statement of our baseline assumptions. Accurate assessment of any strategic environment is …

Building a Strategic Information “Radar” System

Building a Strategic Information “Radar” System

By Randall Rollinson

To build strategic information radar requires executive management interact with key managers and staff on a continuous, scheduled basis to gather and evaluate strategically significant information of potential relevance to the strategic management of the organization. We begin construction by acknowledging what we consider key characteristics of “strategically significant information” to be: Information from any source, direct or indirect, primary …