The wait is almost over! The State of Strategy Management Practice – 2024 MENA Region Report is set to be released on the 15th of October. This groundbreaking publication aims to equip organizations with up-to-date information, tools, and insights to transform their approach to strategy in an ever-evolving business landscape.

The State of Strategy Management Practice Report is a comprehensive analysis of current trends, challenges, and innovations in strategy management. But it is more than just a collection of data— it is a game-changer for professionals and organizations striving for excellence. Professionals can use the report’s findings as benchmarks to assess and improve their practices and approaches to challenges.

According to Abdelmagid Adam Meezan, a seasoned corporate planning head, the previous State of Strategy Management Practice Report provides a solid foundation for professional processes and practices, which enable organizations to advance and capitalize on opportunities for improvement. Meezan also stated, “This report will greatly benefit my organization in terms of strategic planning, implementation, performance analysis, management, benchmarking, and lessons learned.”

The report may also serve as an invaluable resource for everyone involved and interested in strategic planning and performance management. Mohammed Elrasheed, Strategic Advisor Business Development and Digital Transformation Consultant, shared with The KPI Institute, “While the results may not apply to all organizations, the report is a valuable resource for anyone seeking to improve their understanding and implementation of strategic practices.” He mentioned that he would also recommend the State of Strategy Management Practice Report to entry-level professionals, new to the field. 

Key features of the 2024 Report

The upcoming edition of the State of Strategy Management Practice Report presents the latest developments in strategy planning, measurement, and execution. It focuses on organizations in the Middle East and North Africa (MENA) region and covers 24 topics, from strategic planning methods and KPI relevance to organizational agility and the use of artificial intelligence (AI) in business planning.

The KPI Institute introduces a new feature called “Voices from the Field” in the report, where a group of experts validates the research findings by providing opinions and insights based on the practices of organizations in the region. Moreover, The KPI Institute collaborates with systæms® for the upcoming edition of the State of Strategy Management Practices Report. systæms® is a division of the KPI Institute that provides management consulting services.  Bori Péntek, a Management Consultant at systæms®, shares actionable advice to enhance strategy and performance management systems in the recommendation section of the report.

The State of Strategy Management Practice report is not just a publication but also a blueprint for navigating the complexities of modern strategy management and The KPI Institute’s passion for performance. According to Cristina Mihăiloaie, Chief Operating Officer at The KPI Institute, The KPI Institute’s passion combined with its research capabilities drive the organization’s mission to empower governments, organizations, and individuals to achieve excellence: “I aspire for our research resources and this report in particular to increase awareness of the significance of fostering a healthy performance management culture within organizations and to serve as accommodation for future development initiatives.” This is reflected in the insights provided in the Strategy Management Practice – 2024 MENA Region Report.

Be among the first to get your hands on the report! Make sure you are subscribed to The KPI Institute’s newsletter and following our social media (LinkedIn, Facebook, or X) to receive the latest updates on the Strategy Management Practice – 2024 MENA Region Report and other publications.

The KPI Institute (TKI) marks its 20th anniversary with innovation milestones, market reach growth, and network expansion. Founded in 2004 by its CEO, Dr. Aurel Brudan, TKI has evolved from being a global pioneer, advancing the field of strategy and performance management into a diversified ecosystem leveraging its research expertise, science, and technology for both business and societal progress.

From building the world’s largest database of documented KPIs to launching enterprises dedicated to various business and lifestyle solutions, TKI has set the standard for structuring knowledge and foundational principles to address a broad range of sectoral challenges.

TKI has delivered educational programs to over 29,000 participants across 60 countries. In addition to its 40 partner organizations across the globe, TKI has its own four offices established in Australia (headquarters), Europe, Middle East, and Southeast Asia. TKI’s standards for performance excellence are best captured by the company’s accomplishments in various areas. Some of the highlights are:

Product and service innovation: Driven by a learner-centric philosophy, TKI started offering its courses in three formats from 2020: face-to-face, live-online, and self-paced. This move signifies the company’s commitment to its participants and their ever-changing needs and participants.

Global partnerships: To make world-class education accessible and impactful, TKI sets an industry standard for professional training organizations by offering the first global certification to validate performance and KPI management expertise.

Strong clientele worldwide: TKI’s multidisciplinary expertise has been sought by major brands, government institutions, and organizations worldwide.

Premium educational programs and certifications: The KPI Institute designed the Postgraduate Diploma in Strategy and Performance to develop a new generation of executives armed with strategic mastery and agile leadership skills. TKI has also introduced alternative learning programs, such as microcredentials in various areas of expertise, to respond to the growing need for upskilling. See our latest release on AI for business productivity.

Research and publications: smartKPIs.com, a database featuring over 21,383 documented KPIs, results from an intensive, ongoing research endeavor by TKI. Another critical moment in this aspect is the release of The Government Service Index, which examines foundational elements that contribute to the success of government services and aligns them with globally recognized indicators.

Publishing: Performance Magazine is celebrating its 10th anniversary this year. The number of downloads in 2023 compared to 2022 increased by 40%, and the magazine features interviews with experts from major brands such as Google, Microsoft, SAP, Global Reporting Initiative, and more.

Talent acquisition and growth: TKI has scaled its workforce to over 350 employees from different parts of the world and over 20 nationalities, reflecting its mission to leverage cultural diversity.

Community and Networking Prowess: The KPI Institute has reached a significant milestone, cultivating an online community with over 70,000 followers across social media and more than 50,000 LinkedIn group members, highlighting our emphasis on building strong networking links as a key component to improving knowledge flow. 

As TKI celebrates 20 years since its inception, our vision for the future is focused on exploring new horizons, empowering communities, and striving for excellence to achieve organizational success and contribute to the common good.

Performance Magazine, a trusted professional resource for industry updates, expert analysis, case studies, and trends in strategy and performance management, marked a successful year in 2023 with the release of four special editions. Performance Magazine – Print Edition is published quarterly by The KPI Institute (TKI), a leading global research institute dedicated to defining standards and advancing the field of strategy and performance management.

The four editions covered themes of the public sector, sustainability, data analytics, and government. Each edition showcases insights from guest experts in their respective fields. The magazines also present real-world examples, dissect frameworks, and offer practical recommendations for professionals seeking a comprehensive understanding of performance standards.

The Public Sector Edition highlights TKI’s Government Service Index Report 2022, which documents the performance of governments worldwide in key public service areas. The data were analyzed using five dimensions: adaptability, talent, digitalization, governance, and impact. The digital copy of this edition can be downloaded directly from TKI Marketplace while the print copy is available for purchase on Amazon.

The Sustainability Edition offers valuable information and analysis on how to effectively apply sustainable practices to business operations and strategy, as well as measuring and evaluating the impact of such efforts on the growth of the business and the wider society. Readers can grab a copy on TKI Marketplace or Amazon.

The Data Analytics Edition provides insights into applying data analytics to transform business operations, develop robust strategies, improve decision-making, and enhance performance management. This edition can be accessed through TKI Marketplace or Amazon.

The Government Edition explores the public sector’s multifaceted approach to strategy and performance management and reviews standards and concepts behind the tools and techniques governments use in planning strategies and measuring performance. Those interested can secure a copy via TKI Marketplace or Amazon.

For the first quarter of 2024, readers can look forward to editions covering employee performance and strategy management. Stay updated and be the first to access them by following TKI’s LinkedIn page.

In the PERFORMANCE Magazine Issue No. 27, 2023 – Government Edition, The KPI Institute was given the opportunity to connect with Michael Jacobson, Deputy Director for Performance and Strategy in King County’s Office of Performance, Strategy and Budget, through a written interview and discuss government strategy and performance management, focusing on people, processes, and public service.

TKI: What key trends have shaped the public sector in recent years, and how have they influenced governmental practices and policies?

Jacobson: Increasing complexity and cross-sectoral issues: the hardest problems to solve are not technical or even financial but cut across multiple sectors and social dimensions. They also require political agreement or at least alignment. The public sector cannot solve issues like homelessness, climate change, or poverty alone. The need for cross-sectoral collaboration is required.

Demographics: this applies to the increasing diversity of the populations we serve and the changing expectations of new generations and their relationship to work, especially if they want to work in the public sector. This requires a more racially diverse workforce and a more responsive stance as an employer to adapt to changing market conditions. This has also reinforced the need for governments to improve equity in services and policies (process, distributional, and results).

Accountability and limited resources: increased public accountability and constrained resources have required governments to focus on management systems, including performance management and Lean, to deliver results.

TKI: In your observations in general, what do you think about how well governments manage their performance in terms of strategy planning and performance monitoring?

Jacobson: Some are doing a fantastic job developing strategic plans, cascading strategy down to the organization, and tracking performance to targets. Some are doing little of these things and primarily reacting to issues. The majority are doing one or two major planning and monitoring efforts, maybe inconsistently or in specific departments only and not at an enterprise scale.

A complete strategic planning-monitoring-improvement cycle (or a complete Plan-Do-Check-Adjust cycle) is not a small thing. It has taken us years to have the key elements in place at the enterprise level in King County. There are still many opportunities to improve, whether using targets more consistently or being more results-focused when performance differs from where it needs to be.

Dive deeper into Jacobson’s perspectives on the latest trends in strategy and performance management in the government sector today. Check out the cover story of the newest issue of PERFORMANCE Magazine. Visit the TKI Marketplace for a free digital copy and Amazon for an additional printed version of the magazine. 

The KPI Institute (TKI) has released the “STATE OF STRATEGY MANAGEMENT PRACTICE – 2023 GLOBAL REPORT”, which offers an analysis of the factors influencing strategy planning and provides recommendations on how companies can effectively address gaps in the process. 

TKI, a leading global research institute specializing in business performance, conducted the study with 346 respondents representing 69 countries from April to June 2023. This extensive report encompasses key subjects in strategy and performance management, organized into three sections: planning, measurement, and execution. The report also presents suggestions for optimizing strategic approaches and achieving organizational excellence.

One notable finding from the study indicates that gathering insights on value drivers for customers serves as the foremost enabler of strategic planning in organizations. According to the report, “[The result] underscores how respondents perceive the impact of understanding and meeting client needs on driving successful strategies and highlights the importance of customer centricity.”  

The strategy measurement section revealed that key performance indicators are employed equally in corporate performance evaluations and employee performance reviews. The results also show that the Balanced Scorecard and Objectives and Key Results are respondents’ most frequently utilized performance management frameworks.

In the execution section, it is emphasized that enhancing the frequency of performance reporting enables professionals to take proactive measures in response to emerging trends and issues. The majority of the respondents preferred monthly evaluations, followed by quarterly and annual reviews. 

For more insights, visit the TKI Marketplace and download the “STATE OF STRATEGY MANAGEMENT PRACTICE GLOBAL REPORT – 2023.”

Take a deep dive into the newest PERFORMANCE Magazine – Printed Edition. 

The 23rd PERFORMANCE Magazine – Travel Issue reveals the new strategies established by hotels, airlines, restaurants, and other industry participants in the aftermath of the pandemic. This issue unveils the difficulties these industry face in reviving their operations and everything in between that affects their community, efficiency, and performance.

What Is Inside the 23rd PERFORMANCE Magazine?

Get updates and inclusive insights on the recent status of businesses in the tourism and travel industry. Have a glimpse at the extended and newest edition of a report compiled with the top key performance indicators (KPIs) in the airline industry and explore fresh approaches to reviving the hospitality industry.

Learn about new ideas, best practices, case studies, agile practices, and insightful perspectives on strategy planning and execution, performance management cycles, benchmarking, data analysis and visualization, and the use of KPIs.

Determine how silo transformation can improve organizational performance directly from Dr. Keith Clinkscale, Strategic Planning and Performance Management Director in Palm Beach County, Florida, USA. Take a look at the tools they developed in monitoring and evaluating their performance and discover it helped them advance their competition in the industry. 

Travel the world of strategy and performance management through recent initiatives of hospitality, tourism, and travel industry in different countries, as well as through interviews with subject matter experts, seasoned consultants, practitioners, business leaders, academicians, and research analysts. Seize the recommended tools, webinars, podcasts, and talks you will encounter on the final pages of the magazine.

To get your own copy of the 23rd PERFORMANCE Magazine – Printed Edition, visit TKI Marketplace. You can download a free digital copy there! You can also get an additional printed copy of the magazine through Amazon.