The orchestration required to succeed in today’s fast-changing and complex business environment is a huge challenge. The Rausing Executive Development Centre (REDC) at LUMS successfully conducted a 3-day programme, ‘Strategy Execution: Turning Plans into Performance’ from May 2 - 4, 2019. The programme highlighted how firms translate strategies into SMART goals and actionable plans.
Led by Programme Directors, Dr. Jamshed H. Khan and Dr. Muhammad Shafique, the programme familiarised the participants with the approaches for effective implementation and monitoring of strategic plans and provided exposure to challenges of strategy execution, implementation pitfalls and success indicators. In addition, the programme exposed participants to basic strategy frameworks and the current strategic environment, using strategy maps to link strategy with action, balanced scorecard to operationalise strategy maps, and provided an opportunity to work on a strategy implementation plan to cascade goals within organisation to drive high performance.
Participation from over 21 organisations from varying industries including banking, utilities, FMCG, oil & gas, energy and telecommunications etc. provided valuable networking opportunities.
Participants analysed and were immersed in case studies from global industry-leading companies, strategy simulation and group discussions of realistic scenarios, which enhanced the learning experience of the programme. The programme was well received by the participants — they applauded remarkable faculty, conducive environment and overall facilities provided by REDC.
Zafar Majeed, General Manager Manufacturing, International Steels Limited appreciated the programme and said, “A roadmap to the future success that cleared my concept to achieve organisational strategy, define objectives and measure them effectively through the right initiative.” Another participant, Nabeel Khan, Deputy General Manager, K-Electric said, “A programme that showed the paradigm shift from zero to awesome strategy through strategy implementation tools.”
“Strategy Execution at LUMS delivered its objective quite well. The areas covered broad range of theoretical and practical aspects. The programme is ideal for senior management professionals,” shared Hassan Rafi, Business Unit Head, Cyber Internet Services Private Limited.