Albu On Strategy

Strategy Development

 

Why Bother with Strategy?

Thursday, October 19th, 2017

Mike Freedman, author of The Art and Discipline of Strategic Leadership defined strategy as the “cause of the nature and direction of an organization, and the framework for making business decisions.” Simply put, strategy defines the organization’s “rules of engagement,” and provides guidance on the choices you select: Which products and services you will offer (or […]


Book Review: The Five Most Important Questions…You will ever ask about your organization

Thursday, September 14th, 2017

The Five Most Important Questions is based on a book written and published by Peter Drucker in 1993.  The objective of Drucker’s original book was to provide non-profit organizations guidance to self-assess their performance.  This edition published in 2008 was updated and enhanced by the Leader to Leader Institute in cooperation with six of the […]


Business Killer: Complacency

Tuesday, August 15th, 2017

Business Killer: Complacency Are you always striving to stay ahead of your competitors? Are you confident you have a strategy that will take you to a higher level, year after year? Or have you let complacency overwhelm your organization?  Whether you have a thriving business experiencing double-digit growth, or struggling to achieve your goals, one […]


Winners Plan…and Planners Win!

Friday, July 14th, 2017

What does it really take to be successful in today’s fast-paced, competitive business environment? Two important factors are, 1) meticulously managing your day-to-day operations, and 2) planning strategically for the future, both short- and long-term. However, strategy management often gets short changed because of the rigors of managing the day-to-day business. In this post, we […]


When is it Ever a Good Time to Examine Your Strategy?

Friday, June 30th, 2017

When I ask business owners if now is the right time to examine their strategy, most often I get a range of reasons why the time is just not right.  As you can imagine, with over 23 years as strategy management consultants, we’ve heard plenty of reasons: “We have too much going on right now, […]


Strategy Requires “TLC”

Monday, May 1st, 2017

TLC is commonly recognized as “Tender Loving Care,” and while it certainly applies to the CEO’s essential emotional commitment to the company, I like to define this acronym differently. As it relates to successful strategy management, TLC refers to the CEO’s commitment to “Time, Leadership and Change.” Let me explain. Time – Committing quality time to the strategy process […]


Book Review: Good Strategy/Bad Strategy: The Difference and Why It Matters, By Richard Rumelt

Saturday, April 1st, 2017

Is your strategy a mix of slogans and goals, or a set of objectives that offer solutions to key problems?  We reviewed Richard Rumelt’s book back in July 2011 when it was first released, and this seems like a good time to revisit some of his insights on the importance of having a strategy and […]


5 Reasons Strategic Plans Fail

Thursday, September 22nd, 2016

5 Reasons Strategic Plans Fail Why do so many strategies fail?  Why is it that 80% of companies fail to achieve the full value of their strategic plan? What are the missteps that lead to a failed strategy?  Over twenty-three years in business, our experiences have given us a unique perspective on these challenges, which […]


Selling your business? You Need a Strategy!

Sunday, July 17th, 2016

We recently attended a meeting with a panel of esteemed professional advisers speaking to the critical steps leading up to exiting your business.   They spoke about the importance of quality of earnings, revenue growth, operating margin, cash flow and diversity of customer base as key measures to maximize value.   While these measures are important in […]


How to Strategically Navigate the New Economic Normal?

Sunday, February 21st, 2016

One of the most confusing things about our current economic times is the complexity of it all. Wage growth is anemic, yet corporations are flush with cash. Interest rates are historically low, yet business investments are lagging. Market volatility is as severe as it has ever been creating uncertainty, and economic growth is slow. We […]