Successful Strategic Planning
35-hour course brochure
Strategic management is about running the total business enterprise. It seeks to understand the challenges and the environment in which the business operates, the direction the management intends to head, the strategic plans to for getting the enterprise moving in the intended direction and the tasks of implementing the chosen strategy successfully. This course aims to equip you with the core concepts, frameworks, and techniques of strategic management, which will allow you to understand what managers, must do to make an organization – be it a for-profit or a non-profit one – to achieve superior performance.
Management background is recommended.
Who Should Attend
This course is recommended for executives, managers, planners and analysts who are part of the strategic management team, and are seeking the best practical ideas for improving organizational performance.
Rather than focusing narrowly on a particular function of an enterprise, we will build on what you have learnt in other business courses and try to put the pieces together throughout this big-picture course. To achieve these purposes, the course will evolve around a theoretical and a practical base simultaneously.
- While the theoretical part concentrates upon the fundamental factors that determine business success,
- The practical part is all about acquiring deep insights into the determinants of business success from specific cases.
By the end of the course you will be able to:
Understand the importance of strategy to an organization
Recognize the various approaches to strategy development and decision
Undertake or participate in a strategic review and be familiar with the tools and techniques to be used
Understand the impact of strategic change on an organization
Translate strategy into action plans
Review and evaluate the effects of strategic decisions
Monitor the strategic progress of the organization and identify the need for any remedial action
|Step 0: Setting the Stage|
| Defining Strategic Management
The Strategic Management Process
| Types of Organizational Strategies
|Step 1: Plan to plan||Step 2: Your Ideal Future Vision|
| What is a strategic and strategic Management?
How it should be done?
What are the key strategic components?
Who should be involved into planning process?
What are the final outputs?
What could prevent us from doing it?
| Strategic Thinking
11 Critical Skills Needed
Develop a Vision Statement
Draft a Mission Statement
Articulate Core Values
|Step 3: Key Success Factors||Step 4: Current State Assessment|
| Definition of Critical success factor (CSF)
From CSF to Measurement
The Need to Cascading
| Internal / External Assessment (SWOT Model)
The Value Chain
Macro Environment vs. Micro Environment
|Step 5: Core Strategy Development||Step 6: Three-year Business Planning|
| What is a Gap?
The McKinsey 7S Framework
| What are Action Plans?
Major Components of the Strategic Plan / Down to Action
Goals vs. Objectives
Relationship among Different Management Levels
Portfolio Management and Organizational Strategy
Strategic Plan vs. Business Plan
|Step 7: Annual Plans/ Strategic Budgets||Step 8: Plan to Implement|
| Strategy Budgeting
What Resources? And How to Link?
Link Budgets to Strategic Plan
Managing by Budget
Managing Strategy vs. Managing Operations
| Why Change?
Change Process, Content and Context
What is Change Management?
Change Management Perspectives
Integrated Individual-Organizational Approach
Change Management vs. Project Management
Project Change Triangle – PCT Model
|Step 9: Strategy Implementation||Step 10: Annual Strategic Review (and update)|
| Strategy Formulation vs. Strategy Implementation
Strategy Formulation – Implementation: Interrelationship
Management Issues in Strategy Implementation
Components of Implementing Strategy
Successful Implementation Equation
Barriers to Strategic Implementation
10 Problems to Implement a Strategic Change
| Annual Strategy Review Tasks
Efficiency vs. Effectiveness
Steps of Strategy Evaluation Process
• Fixing benchmark of performance
• Measurement of performance
• Analyzing Variance
• Taking Corrective Action
Revising and Updating the Plan