Business strategy construction
June 19 June 23\ 2023 : London
September 11– September 15 \ 2023 :London
October 02 - October 06 \ 2023 : London
Introduction
This course presents a contemporary perspective of the skills required to manage a firm operating in the construction industry. It examines the functions of management in organisations, the structures firms use, how firms make decisions in dynamic economic environments, how firms manage their people and resources and how they respond to the needs of growing economies, cities, towns and regions. The course also evaluates how construction firms use strategies, financial management, technology, entrepreneurship and innovation to start, maintain and grow their business and enable continuity.
Developing and constructing a business strategy is a multifaceted, complex and demanding process. The selection of a successful strategy is essential to securing the ongoing success of an organisation in an ever changing and unpredictable economic environment. Strategies must be flexible, adaptable and need to be continuously monitored and reviewed to ensure sustainability for the future.
This course is designed to equip delegates with an understanding of strategy and its importance in the survival and growth of an organisation. It will also emphasize the necessity of matching the companies’ strategic advantages to the business environment
Objectives
Participants attending the training seminar will:
Þ Understand the role of strategic planning
Þ Develop comprehensive strategies
Þ Appreciate how innovation and creativity influences strategy
Þ Understand the value and influence of stakeholders
Þ Evaluate and select strategic alternatives
Þ Set organisational KPIs and KSFs
Þ Develop a monitor and review system
Þ Understand the “three pillars of sustainability”
Þ Apply business management concepts to contexts applicable in construction industry firms.
Þ Evaluate the factors that impact on business decisions about allocation of organisational resources in construction (human, financial, technological, knowledge and information, capital).
Þ Apply financial management principles to management issues in construction firms.
Þ Develop business plans for construction companies implementing appropriate strategy, innovation and entrepreneurial concepts.
Þ Use appropriate IT systems and tools to enhance construction communications to facilitate business operations.
Who Should Attend?
Þ This stimulating and demanding course is designed for Directors, Managers, Senior decision makers and those who wish to identify and practise the skills necessary for mastering the principles of strategic thinking, planning and implementation.
Course Methodology
The course uses self-assessments and a wide mix of business cases that promote healthy discussions around the importance of managing multiple tasks, deadlines and priorities. Participants will benefit from role plays covering workplace challenges related to handling tasks, deadlines and priorities. They will learn how to deal with conflicts that may arise as a result. Interactive team exercises are also used with each team presenting their findings and comments.
Each module covers different aspects of using Game-Based Learning and Gamification in education. Coursework will incorporate your existing knowledge and experience and provide helpful learning environment with a good mix of theoretical and practical knowledge. On all outlines will apply Skills for Game-Based Learning and Gamification and practiced in hands-on, collaborative way within an international group setting.
This interactive training course includes the following training methodologies as a percentage of the total tuition hours:
- 30% Lectures, Concepts, Role Play
- 30% Workshops & Work Presentations, Techniques
- 20% Based on Case Studies & Practical Exercises
- 20% Videos, Software & General Discussions
Pre and Post Test
Outline
DAY 1:
Building blocks of strategy
Þ VMOST and stakeholder analysis
Þ Analysing external threats and opportunities
Þ Analysing internal resources, capabilities, and practices
Þ Developing strategies and tactics to conduct internal and external analysis
DAY 2 :
Strategic management
Þ Strategy formulation and creating alignment to establish organisational direction
Þ Identifying Key Success Factors (KSF) and setting Key Performance Indicators (KPI)
Þ Formulating operational and functional strategies
DAY 3 :
Strategy implementation
Þ Developing a strategic leadership team to articulate and communicate the strategy
Þ Developing of strategic action plan for implementation
Þ Effective approaches to strategic implementation: reactive vs proactive
DAY 4 :
Monitoring and measuring performance
Ü Developing monitoring and review systems for strategic projects and initiatives
Ü Measuring operational performance and strategy alignment
Ü Informing and reporting on the strategic planning process
DAY 5:
Strategic sustainability
Þ Implementing the “three pillars of sustainability”.
Þ Tactics for maintaining a competitive advantage.
Þ Utilising innovation and creativity for future challenges.
Fees:
The Fee for the seminar, including instruction materials, documentation, lunch, coffee/tea breaks & snack is: 5.250USD$
Schedule:
08:30 – 10:15 First Session
10:15 – 10:30 Coffee Break
10:30 – 12:15 Second Session
12:15 – 12:30 Coffee Break
12:30 – 14:00 Third Session