Project Management

Presentation Recap: Session 315: Best Practices in the Art of Survival with Strategic Planning

From the PMI Global Insights Blog
by , , , , , ,
Whether it’s in-person or virtual, PMI events give you the right skills to complete amazing projects. In this blog, whether it be our Virtual Experience Series, PMI Training (formerly Seminars World) and our inaugural PMI® Global Summit 2022, experienced event presenters past, present and future from the entire PMI event family share their knowledge on a wide range of issues important to project managers.

About this Blog


View Posts By:

Cameron McGaughy
Kimberly Whitby
Julie Ho
Heather McLarnon
Laura Schofield
Brantlee Underhill
Michelle Brown

Past Contributors:

Johanna Rusly
April Birchmeier
Nikki Evans
Dalibor Ninkovic
Dr. Deepa Bhide
Chris DiBella
Nic Jain
Karen Chovan
Jack Duggal
Catalin Dogaru
Priya Patra
Josh Parrott
Scott Lesnick-CSP
Antonio Nieto
Dimitrios Zaires
Ahmed Zouhair
Carmine Paragano
Te Wu
Katie Mcconochie
Fabiola Maisonnier
Erik Agudelo
Paul Capello
Kiron Bondale
Jamie Champagne
Esra Tepeli
Renaldi Gondosubroto
Mel Ross
Kim Essendrup
Geetha Gopal
David Summers
Fabio Rigamonti
Archana Shetty
Geneviève Bouchard
Randall Englund
Kristy Tan Neckowicz
Moritz Sprenger
Mike Frenette
O. Chima Okereke
David Maynard
Nancie Celini
Sandra MacGillivray
Sharmila Das
Gina Abudi
Greg Githens
Sarah Mersereau
Lawrence Cooper
Donna Gregorio
Bruce Gay
Wael Ramadan
Fiona Lin
Erik Rueter
Joe Shi
Michel Thiry
Heather van Wyk
Barbara Trautlein
Steve Salisbury
Yves Cavarec
Drew Craig
Stephanie Jaeger
Diana Robertson
Zahid Khan
Benjamin C. Anyacho
Nadia Vincent
Carlos Javier Pampliega García
Norma Lynch
Emily Luijbregts
Michelle Stronach
Sydni Neptune
Louise Fournier
Quincy Wright
Nesrin Aykac
Laura Samsó
Lily Woi
Jill Almaguer
Marcos Arias
Karthik Ramamurthy
Yoram Solomon
Cheryl Lee
Kelly George
Dan Furlong
Kristin Jones
Jeannette Cabanis-Brewin
Carlene Szostak
Hilary Kinney
Annmarie Curley
David Davis

Recent Posts

Engaging PM from Cultural and Creative Industries

Show Me Your RAID Log!

The Keys to Full Value Chain Delivery

Creating a more inclusive workplace - one sticky note at a time.

Presentation Recap: Ask Me Anything: Perspectives from PMI Board of Directors

By: Wael Ramadan
Professor, Project Management and Strategy, Sheridan Institute of Technology and Advanced Learning

My recent session at the PMI Virtual Experience Series: 9 June addressed the need for organizations to continuously adapt and restructure to survive and grow. Strategic planning can be seen as the art of survival and something that all organizations in all industries need to do successfully. Some of the questions raised by attendees, along with my response, are included here.

Question 1: Do you think it was that Blockbuster could not adapt or do you think it was simply they could not adapt in time and in an efficient and timely manner?

Blockbuster’s response was too late. They tried to have by-mail service and online streaming, but the damage was already done. They struggled to compete with the new business models, and they failed at it. Following a wait and see approach in business strategy could be too late and too costly. Blockbuster even had an opportunity to acquire Netflix for ~ $50 M, but its CEO at the time turned this offer down. Netflix at that time was a DVD mailing service. Blockbuster’s success at the time blurred their vision. They missed the transformation, and it was very unforgiving.

Question 2: What's the difference between the mission and the vision?

The vision statement answers the question “what do we want to become?” and the mission statement describes our reason for being and it answers “what is our business?”

The vision usually comes first, it is a short statement that is comprised of a sentence or two. The mission is more elaborative, and it could be up to 150 words as it reflects the anticipations of the customers. It is broad enough and it appeals to diverse stakeholders. The mission statement allows for the generation of alternative goals and strategies.


Full presentations will be on demand through 31 January 2023.  Visit PMI Virtual Experience Series 2022 for more details.

Posted by Wael Ramadan on: June 22, 2022 03:00 PM | Permalink

Comments (1)

Please login or join to subscribe to this item
If the mission is in the now while the vision is in the future, how do you reconcile them with each other?

Please Login/Register to leave a comment.


"If you don't know where you are going, you might wind up someplace else."

- Yogi Berra