In today’s fast-paced business environment, mastering strategy management is more critical than ever. It allows you to define your competitive edge, implement proper resource allocation, risk management, and performance measurement, and most importantly, drive innovation while building resilience for long-term success.
Committed to empowering organizations in that pursuit, The KPI Institute launched the State of Strategy Management Practice Report in 2022. The State of Strategy Management Practices Report is a detailed examination of current trends, challenges, and innovations within the realm of strategy management. This report synthesizes data from a wide range of sources, including surveys of industry leaders, interviews with experts, and an analysis of real-world case studies.
The report consists of three main sections: Strategy Planning, Strategy Measurement, and Strategy Execution. Each of these sections includes several areas of interest such as general practices, strategy review, key performance indicators (KPI) deployment practices, strategy execution challenges, and project management practices. It also offers recommendations for best practices to enhance strategy management and equip organizations to better navigate emerging trends and disruptions.
The State of Strategy Management Practice Report is an annual publication, and the continuity allows organizations to stay adaptable in a changing business environment. With this ongoing commitment, organizations are able to grasp the broader perspective and identify patterns and shifts, allowing them to adjust strategies and make continuous improvements.
In the State of Strategy Management Practice – 2023 Middle East Report, results in the Strategy Planning section show that most surveyed professionals see strategy formulation as consistent and structured, with 47% using specialized methodologies. In contrast, 38% reported no specific methodology, indicating a more flexible approach. It is also important to note that 15% acknowledged an informal process. Although an informal process may offer flexibility, it’s important to consider the potential drawbacks and challenges that arise from having a strategy without a strict framework.
Furthermore, in the Strategy Measurement section, 22% of respondents reported that their organizations lack a formal performance management system (PMS). The absence of a PMS creates several challenges, obstructing strategy execution and limiting the organization’s ability to adapt to change and capitalize on opportunities. This is further reflected in the Strategy Execution section, where professionals were asked about their organizations’ success in executing strategy; 57% acknowledged being aware of cases where the strategy had failed.
Given these red flags, it is crucial to recognize that strategy management practices must evolve to meet organizational needs and adapt to the external environment. To determine whether the figures above have improved and if organizations have enhanced their strategy management, The KPI Institute conducted another research this year, diving more into the Middle East and North Africa (MENA) region. The findings will be presented in the third edition of the State of Strategy Management Practices Report.
The State of Strategy Management Practices Report – 2024 MENA Region will be available soon. This report presents statistics from over 100 organizations and features insights from leaders of top companies. This edition has been more refined as it offers advice from The KPI Institute’s own experts on developing more effective organizational systems for strategy planning and execution.
Stay tuned for the official release date and details on obtaining your copy. For updates and exclusive content, sign up for our newsletter and follow us on LinkedIn.
We are thrilled to announce the refresh of the Global Performance Audit Unit (GPAU) platform! Our team has been hard at work, and we’re excited to unveil the following updates:
Improved Browsing Experience: The refreshed visuals reflect our commitment to innovation. You’ll notice a cleaner, more modern look across the platform.
New Case Studies: Whether you prefer a detailed reading of our clients success stories or just the highlights of the awarding ceremonies, all are available on our homepage (www.gpaunit.org) through brochures and video materials.
Enabling Tools: Discover our assessment services and understand how it can take your business to the next level. Try the FREE self-assessments to gauge your current maturity level and apply for theorganizational Performance Excellence Recognition!
Celebrating Excellence: PIF Receives Prestigious Award
GPA Unit is proud to announce that the Public Investment Fund (PIF) has successfully achieved the highest Maturity Level: 5: Optimized. This follows a comprehensive assessment of PIF’s strategy and performance management system on 3 key areas: Strategic Planning, Performance Measurement and Performance Improvement.
Congratulations to the entire PIF team for their dedication and exemplary performance!
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For more than 20 years, the KPI Institute (TKI) has been a pioneer in the field of strategy and performance management, known worldwide for setting the global standard in structured knowledge and foundational principles across a diverse range of sectors.
TKI was founded in 2004 by its CEO, Dr. Aurel Brudan, and it has evolved into a multi-disciplinary ecosystem across its two-decades-long existence. What began as a company that provided balanced scorecard (BSC) implementation eventually grew into a world-class provider of educational programs. It has since grown further, establishing new ecosystems—each with its own companies and brands—to share in its continued success.
Today, TKI holds a notable reputation for being a leading global research institute dedicated to defining standards and advancing the field of strategy and performance management.
Accomplishments as a research pioneer
Across its more than 20-year lifespan, TKI has published over 250 research reports, partnered with over 40 global organizations, and delivered educational programs to over 29,000 participants in 60 countries. The institute’s mission to empower the world to achieve performance excellence is evident in its commitment to making world-class education accessible by offering its courses in three formats: face-to-face, live-online, and self-paced.
TKI also offers a Postgraduate Diploma in Strategy and Performance. The most complex program in the institute’s portfolio, it aims to empower the next generation of business leaders with mastery over strategic planning, performance measurement, data analysis and reporting, and strategy execution in dynamic markets.
One of the institute’s most recognizable accomplishments is smartKPIs.com. With 21,000+ key performance indicators (KPIs) across 24 documentation fields, it is the largest collection of properly documented performance metrics in the entire world. The database is the result of thorough, ongoing research conducted by TKI and continues to be updated to keep pace with the ever-changing times.
Since 2022, TKI has released its State of Management Practices, a comprehensive annual report that examines pressing current issues, trends, and challenges affecting strategy planning and execution as well as KPI implementation.
Another notable publication from TKI is the Government Services Index, a comprehensive report that takes a deep look at the foundational elements that contribute to the success of public services while aligning them with globally recognized KPIs. The index assesses the capability of governments to deliver public services in five key dimensions: Future Readiness, Digitalization, Governance, Society Welfare, and Citizen Experience. It covers 100+ countries across five world regions, highlighting the top performers in each region and dimension.
TKI also publishes Performance Magazine, which features articles, case studies, expert interviews, and industry insights that cover topics like strategic planning and execution, performance measurement, and data analysis. The quarterly publication reaches thousands of subscribers and partner organizations worldwide and is a source of insightful information and best practices for professionals across a wide array of industries.
Follow The KPI Institute on LinkedIn for more surprises as we celebrate the company’s 20th anniversary.
