January 2014
Is Strategy Static or Variable?
In last month’s issue of AlbuonStrategy we discussed three reasons why strategy fails (3 Reasons Strategy Fails). I would like to follow up on that conversation with a question—is strategy is static or variable. From our own client experience, we believe there is both confusion and difference of opinion about the answer to this question. […]
December 2013
3 Reasons Strategy Fails
At Albu Consulting, our key message to clients and prospects is “Strategy without execution is useless and Execution without strategy is aimless.” We believe those words speak for themselves, but let’s look at the facts. In a recent McKinsey & Co. survey of 197 companies, 97% of leaders believed they had the right strategy, but […]
November 2013
Three Tips for Making Faster & Better Decisions
As we approach the end of the year, many companies are probably in the midst of strategic planning and this is a time when the quality of your decision is very important. We thought it would be a good time to share some tips to improve the quality your decision making. Having facilitated 100s of […]
October 2013
Strategy and the West Point Way
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 […]
September 2013
The Three Cs of Strategy Execution
What is one of the most common missing links when it comes to successful strategic planning? Most CEOs we speak to will agree its strategy execution. You can have developed a mediocre plan, and an exceptional execution process will lift that average plan to new heights. Without a solid execution process in place, strategic plans […]
August 2013
Are You Fit For Growth?
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 […]
July 2013
Are You Managing With Purpose, or Just Managing Activities?
I have had the pleasure of knowing Ashok Vasudevan about 7 years and over the years I have enjoyed our discussions about a topic we both hold dear, Strategic Planning. Ashok is the CEO of Preferred Brands International, makers of Tasty Bites, a line of Indian and pan-Asian cuisine. Launched in 1995, the company participates […]
June 2013
Why is Change Such Hard Work?
I am reminded of a great analogy a friend shared with me recently about a football coach who wanted to change his offensive system. He brought his players together, explained the new offense, and told them that they need to be ready for the next game. He then left the team to figure it out […]
April 2013
Is Lack of Accountability Holding Back Your Strategy?
Does this sound familiar…you’ve finished developing a new strategy and everyone on the management team apparently agrees with the new strategic direction, but then the strategy never happens. There are many reasons why strategic plans do not get executed, but we are going to focus on one of the most important reasons, lack of accountability. […]
March 2013
Business Killer – 5 Reason the Status Quo is Not Enough
The Status quo is defined as the current or existing state of affairs. To maintain the status quo is to keep things the way they are. Isn’t that the easier way? Wouldn’t it be nice if we all could just keep things the way they are and not change? Unfortunately, the world does not work […]
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