Project Management

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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.

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Cameron McGaughy
Kimberly Whitby
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Johanna Rusly
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Nikki Evans
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Chris DiBella
Nic Jain
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Catalin Dogaru
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Te Wu
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Erik Agudelo
Paul Capello
Kiron Bondale
Jamie Champagne
Esra Tepeli
Renaldi Gondosubroto
Mel Ross
Geetha Gopal
David Summers
Fabio Rigamonti
Archana Shetty
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Randall Englund
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Mike Frenette
O. Chima Okereke
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Nancie Celini
Sandra MacGillivray
Sharmila Das
Gina Abudi
Greg Githens
Sarah Mersereau
Lawrence Cooper
Donna Gregorio
Bruce Gay
Wael Ramadan
Fiona Lin
Joe Shi
Michel Thiry
Heather van Wyk
Barbara Trautlein
Steve Salisbury
Yves Cavarec
Drew Craig
Stephanie Jaeger
Diana Robertson
Benjamin C. Anyacho
Nadia Vincent
Carlos Javier Pampliega García
Norma Lynch
Emily Luijbregts
Michelle Stronach
Sydni Neptune
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

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

Presentation Recap: Session 310: Leading an Inclusive Project Team

Presentation Recap: Session 308: Operation Readiness: A Systematic Approach for Industrial Construction Projects

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

Presentation Recap: Session 313: Project Takeover: Transition toward Success

Viewing Posts by Wael Ramadan

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

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)

"[Musicians] talk of nothing but money and jobs. Give me businessmen every time. They really are interested in music and art."

- Jean Sibelius, explaining why he rarely invited musicians to his home.