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 […]
Strategy Management
3 Reasons Strategy Fails
Monday, December 16th, 2013Posted in Newsletter, Strategy Execution, Strategy Management
The Three Cs of Strategy Execution
Thursday, September 19th, 2013What 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 […]
Posted in Newsletter, Strategy Execution, Strategy Management
Are You Fit For Growth?
Wednesday, August 21st, 2013As 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 […]
Posted in Newsletter, Strategy Development, Strategy Execution, Strategy Management
Are You Managing With Purpose, or Just Managing Activities?
Wednesday, July 17th, 2013I 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 […]
Posted in Leadership, Newsletter, Strategy Management
Why is Change Such Hard Work?
Thursday, June 20th, 2013I 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 […]
Posted in Leadership, Newsletter, Strategy Management
Is Lack of Accountability Holding Back Your Strategy?
Sunday, April 21st, 2013Does 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. […]
Posted in Newsletter, Strategy Execution, Strategy Management
Business Killer – 5 Reason the Status Quo is Not Enough
Friday, March 15th, 2013The 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 […]
Posted in Business Killers, Newsletter, Strategy Development, Strategy Management
Why Companies Struggle to Execute Strategy?
Thursday, August 30th, 2012The focus of many of our past newsletters has been the importance of strategy execution (i.e., realizing an organization’s vision [February 2011]; the principles of good strategy execution [March 2012]). Yet, recent research suggests that senior management continues to struggle with the challenge of executing strategy (McKinsey, January 2011; Strategy institute for thought leadership, July […]
Posted in Newsletter, Strategy Execution, Strategy Management
Business Killer – Complacency
Wednesday, July 11th, 2012From the Wall Street Journal, Friday, May 18, 2012…”Jamie Dimon, J.P. Morgan Chase & Co. Chairman and CEO had just committed the most expensive blunder of his 30-year career, failing to detect the risk of trades that had begun to generate huge losses at the bank.” Dimon was quoted as saying “The big lesson I learned: […]
Posted in Business Killers, Leadership, Newsletter, Strategy Management
What is Strategy?
Wednesday, April 11th, 2012I recently came across an article written by Steve Tobak published on CBSNews.com. Steve is a former tech executive and now a strategy consultant to that industry. His article really resonated with me because over the years I have spoken to hundreds of owners, CEOs and Presidents and in many cases, whenever I ask the […]
Posted in Newsletter, Strategy Development, Strategy Execution, Strategy Management
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