We know very little about strategy translation
Today we may know what strategy means, but "we know a lot less about translating a strategy into results (HBR, March 2015)." Here, strategy translation means strategy execution. The latter comprises many activities including project management, which many managers have mastered. But "execution" includes the critical activity of "embedding" targeted strategic outcomes. Without this, you could be brilliantly managing the wrong project. There is even less information available about this critical activity.