Albu On Strategy

Strategy Development

 

Strategy Requires Three Bones

Saturday, January 30th, 2016

I recently came across a quote from country music singer Reba McEntire. Ms. McEntire is quoted as saying, “to succeed in life, you need three things: wishbone, backbone and funny bone.” As in life, in business these three bones can also be guiding principles to defining and developing successful strategy. A WISHBONE is for a […]


Focus on Results, Not Activities

Tuesday, August 25th, 2015

Both players and coaches of most high school, college and professional football teams recognize that what matters most is not only achieving the “W” at the end of the game, but the trophy at the end of the season. For high school it’s the state championship, college it’s the NCAA national championship and professional the […]


6 Guiding Principles to Successful Strategy Management

Monday, July 20th, 2015

It is a well-documented fact that 80% of strategic plans fail to realize their value. If you’ve invested in developing a strategy and wondered why it is not producing the results you expected, you might consider some of these guiding principles to put you back on track. Undoubtedly, developing and executing strategy (Strategy Management) can […]


5 Reasons Why Strategy is Important

Monday, November 24th, 2014

When we first started strategic planning work over 20 years ago, a client and good friend said that succeeding in strategy management is hard work. It takes time, resources, and distracts from the urgency of running the day-to-day business. Today we would totally disagree. After working with over 200 clients on a wide range of […]


Four Vital Steps to Improve Performance

Tuesday, September 23rd, 2014

What we like most about team sports is the coherence great coaches create when preparing their players for each game. Successful coaches set clear game strategies that capitalize on the collective strengths of all the players. As a result, the coherence between coach and players provides a winning advantage over their competition. Unfortunately, that same […]


Are You Stuck in the Past?

Tuesday, July 22nd, 2014

Today’s leaders cannot afford to look in the rear view mirror for answers because the pace of change in any business is faster than anything we have ever experienced. There is no room to try to address today’s, or tomorrow’s issues and opportunities with yesterday’s thinking. Don’t get me wrong, history can be useful and […]


How to Simplify the Complex Organization

Tuesday, March 18th, 2014

In a recent Harvard Business Review blog, the author Rick Wartzman wrote about Peter Drucker’s 1981 lecture at the New York University, “Managing the Complexities of Large Organizations.”  The challenges and complexities back then are even more pronounced today as technology and market changes seem to accelerate rather than slow, and many companies won’t let […]


What Business Are You In?

Friday, February 21st, 2014

Our title this month is a simple question, but not always easy to answer and often overlooked by business leaders as they consider their future. Today’s business environment is characterized by fast, sweeping change and uncertainty, and many business leaders are facing a steep uphill climb to grow their businesses. These challenges might have been […]


Strategy and the West Point Way

Wednesday, October 16th, 2013

In an article in Inc. Magazine (October 2013), Jim Collins (leadership guru and author of Good to Great, Built to Last, and his latest book Great by Choice) described his experience teaching leadership at West Point. As seen through his eyes, West Point cadets are cut from a different cloth than other college students. Reflecting […]


Are You Fit For Growth?

Wednesday, August 21st, 2013

As we talk to current, past and prospective clients, they readily share their concern regarding achieving profitable growth. Their concerns center on the uncertainty surrounding economic policy that is creating business uncertainty and dampening economic growth. They are also finding it challenging to shift their focus from reducing costs (for the past 5 years to […]