|1||19 - 20 Oct 2023||Please call us||Register|
Strategic management is critical to the development and growth of every organization. Senior executives tasked with this responsibility will recognize that successful execution of strategy requires the ability to navigate uncertainty, make timely decisions, and align strategy with the organization’s systems, people and culture.
This program is designed to help you expand your strategic mindset, acquire the skills needed to gain stakeholder buy-in, and translate strategy into value-driven decisions. Adopting a practical approach, it introduces relevant concepts, analytical tools, and their application to real-world problems in a variety of industries and contexts. You will emerge better equipped to tackle strategic initiatives, transform operating models, and drive change and innovation.
Learn to apply key analytical tools used in strategy formulation
Discover ways to facilitate communication and understanding of business strategies at all levels of the organisation
Understand how operations contribute to the competitiveness of the business
Gain insights on the best practices in strategy formulation and implementation
Be exposed to diverse perspectives and experiences from fellow business leaders
What is the firm’s strategy?
Goals, product-market focus, value proposition, core activities
Is the strategy working?
Performance: operating performance (financial, non-financial) and organizational health
Comparisons: over time and relative to industry
Does the strategy make sense? (Forward looking)
Internal analysis: Resources that support the strategy
External analysis: Factors determining industry profitability, Key success factors needed to succeed, macro forces driving industry change
Fit between elements of the strategy- where is the tension?
Basis for sustainable competitive advantage
If change is needed, how do I proceed?
Generate mutually exclusive alternatives
Choose an alternative and develop an action plan (Short-term and Long-term)
Developing the strategy
Effective decision making
Balancing capability and resources
Establishing strategic goals
Developing supporting strategies
The balanced scorecard
Innovation and strategy
Redefining the organization
Innovation regarding the customer, product and business model
Creating an innovative culture to create strategy
Who should attend
Corporate and business planners
Senior Staff of functional areas in marketing, operations and finance