July 2017
Winners Plan…and Planners Win!
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 […]
June 2017
When is it Ever a Good Time to Examine Your Strategy?
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, […]
May 2017
Strategy Requires “TLC”
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 […]
April 2017
Book Review: Good Strategy/Bad Strategy: The Difference and Why It Matters, By Richard Rumelt
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 […]
March 2017
Lessons from Bill Belichick on Leadership
Bill Belichick is the NFL’s only head coach to win five Super Bowls. His coaching journey to achieve this level of success was not always easy, and there are lessons to be learned from Belichick’s experience. Belichick grew up watching his father, who was a fullback for the Detroit Lions and coached at the Naval […]
February 2017
Why Invest in Employee Engagement?
If you are a frequent reader of AlbuonStrategy, you know the topic of employee engagement is important to us because of the critical role it plays in successful strategy execution. As strategists, we look for trends and research to support our hypotheses. The ongoing research by Gallup on the State of The American Workplace helps to confirm the value […]
January 2017
Excerpts from Departing Coca-Cola CEO Muhtar Kent
In May 2017, Muhtar Kent, chairman and CEO of The Coca-Cola Company, will leave the company and hand over leadership to James Quincey. Fortune Insider published Kent’s statements on leadership that struck a core with us and how Albu Consulting helps leaders establish strategy management as an organizational competency. The following are some excerpts from Muhtar Kent, with […]
December 2016
What Makes Strategy Happen?
What better way to end the year than with an article about Making Strategy Happen? In this newsletter, I want to reference a great article by Bain & Company entitled Strategic Planning that Produces Real Strategy: Is your planning process a competitive weapon or a waste of time? It hit home for us because it […]
November 2016
What is Your Strategic Cadence?
Strategy management is a holistic approach to managing any company. It is a discipline that requires energy, patience and persistence to develop the right organizational habits that help make strategy management an integrated part of how you manage your business. Unfortunately, for many, strategy development and execution is an ad-hoc and choppy process often left […]
October 2016
3 Principles to Increase Strategy Execution Capacity
Does this sound familiar to you? You’ve held your strategy meeting with your management team, identified key strategic initiatives, assigned responsibilities and you were off and running. Everyone was on board and excited leaving the meeting, or so it seemed. What’s happening? Why are we not making any progress against these initiatives that are so […]
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