IN THIS ISSUE
Strategic Human Capital Management, July/August 2008
Strategy, July/August 2008
Success Comes from 3 Ps
Your plan, process and people, if in harmony, will drastically increase the odds of success. Strategic insights.
Success Comes from 3 Ps
Whether you are a mid-market, privately-held business or a Fortune 500 corporation, success depends on three key factors:
1. How good is your PLAN?
2. How committed are you to a PROCESS to pursue your goals?
3. How committed are your PEOPLE to staying focused and on task until your goals are achieved?
If the three Ps are in harmony, it dramatically increases the odds of success.
Developing the right PLAN begins with a comprehensive analysis of the business, both from an internal and external perspective. Strategic thinking creates a realistic picture of the strengths and weaknesses of the products or services you offer customers, and your market position relative to competition. A good plan takes into consideration your company’s capacity and capability for profitable growth. The strategy sets the stage for identifying growth initiatives that are attainable, practical and specific to your unique situation.
Commitment to a relentless follow up PROCESS is the second stretch on the road to success. The driving force behind the process must come first from the President/CEO, and then be reinforced by the senior leadership team. Successful implementation of strategy is a
Dick Albu's career spans thirty years of corporate and consulting experience focused in growth strategy planning and implementation. Dick founded Albu Consulting in 1994, a business development firm that assists companies in choosing, planning and taking action on strategic initiatives that lead to the achievement of their growth goals. Prior to forming Albu Consulting, Dick worked seven years as Vice President with a New York City based international business development consulting group where he gained valuable experience across a broad range of industries. During his sixteen years at Nestlé, the world's largest food and beverage company, Dick held senior management positions both in the US and Switzerland, Nestlés worldwide headquarters. He was responsible for the creation and implementation of growth plans for Nestlé products in the US and internationally. Dick's clients benefit from his domestic and international corporate background, coupled with his diverse consulting experiences working for both middle market and large multinational companies. His principle skill is the ability to help companies define and choose business growth opportunities, and then harness the internal and external resources necessary to achieve profitable growth. RAlbu@albuconsulting.com
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