GROWTH. TRANSFER. LEGACY.
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Strategy Management can be challenging for any business. Given our 25 years of experience helping private companies develop and execute their strategies, here are eight of the most common mistakes we have seen. While this list is certainly not all-inclusive, hopefully it will prompt some debate around the conference table at your next management meeting. Avoid the following and your strategy will be “saved.”
As a discipline for making better decision about your business, strategy management requires patience and persistence. While there are challenges, the benefits can be significant. Let us know your thoughts and share with us your own experiences. Please feel free to share this article with others.
“To be strategic is to concentrate on what is important, on those few objectives that can give us a comparative advantage, on what is important to us rather than others, and to plan and execute the resulting plan with determination and steadfastness.” Richard Koch
Dick Albu is the founder and president of Albu consulting LLC, a strategy management consulting firm focused on engaging and energizing leadership teams of middle market private and family businesses. With offices in Stamford, CT, the firm is dedicated to helping its clients formulate robust business strategies and follow through on execution of key strategic initiatives. Dick Albu can be reached at 203-321-2147 or RAlbu@albuconsulting.com. Rob Krist, Managing Director can be reached at RKrist@albuconsulting.com. Please visit Albu Consulting’s website for more information at www.albuconsulting.com.
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