Start Date: 20 Oct, 2024
End Date : 24 Oct, 2024
Duration : 5 Days
Overall Description:
This course is designed to help executives, division leaders, and other senior managers involved in the formation and implementation of strategic planning.
Course Objectives:
- Apply strategic planning and thinking to analyze their current environment and determine their organizational ambition
- Employ the strategic management process to best achieve the desired ambition
- Assess and choose strategies that create a sustainable competitive advantage for the organization
- Determine strategic objectives, Key Performance Indicators (KPIs) and 'SMART' targets for the organization
- Convert strategic plans to operating plans through creating strategic initiatives and sequencing activities
- Participate in the performance management system to ensure proper execution of chosen strategies
Course Outline (Content):
Strategic thinking and planning
- Strategic thinking versus strategic planning
- The strategic management process
- Benefiting from strategic management
Analysis of the environment
- Creating and capturing value
- Conducting a SWOT analysis
- Internal strengths of an organization
- Internal weaknesses of an organization
- External opportunities
- External threats
- Fundamentals of the PEDESTL framework
- Succeeding in strategic analysis
Vision, mission statements and values
- Using vision and mission statements
- Definition of vision statements
- Formulating vision statements
- Definition of mission statements
- Formulating mission statements
- Embracing organizational values
- Communicating the vision, mission and values
Assessing strategic choices
- Corporate Strategy
- Business Strategy
- Innovating
- Developing a competitive advantage
Strategic objectives, KPIs and targets
- Ensuring strategic alignment in the organization
- Developing effective strategic objectives
- Using the Balanced Scorecard (BSC)
- Using Key Performance Indicators (KPIs)
- Setting SMART targets
Developing operating plans
- Cascading from vision to action plans
- Criteria for effective action plans
- Developing strategic initiatives
- Managing the execution of strategy
- Control process
Who Should Attend?
- Executives, division leaders, and other senior managers involved in the formation and implementation of strategic planning and thinking.
Course Methodology:
We utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course will be conducted as a highly interactive workshop session. A variety of training methodologies will be used Before and during the course whenever applicable. Some of these methods are gamification, online pre-post test, role plays, self-assessment instruments, group exercises & case studies.
