Basic of strategic management skills

Ø INTRODUCTION

IACT Training Strategic management requires strong analytical skills. You need a wide, interconnected view of your company and the business environment in which it operates. You need to know how to ask the right questions about this environment as well as global trends and your stakeholders. In this way you’ll gain a clear understanding of the internal and external factors that will determine your company’s success.

IACT strategic planning training course are designed to work cohesively with one another. Pick any one to begin gaining the business strategy and strategy formulation skills you need to effectively map your organization’s future. Take a look to learn more about how our strategic planning courses can help you prepare your organization to rise to a new level of performance

Ø Objectives

At this program's conclusion, participants should be able to:

v Explain current business conditions. 

v Discuss a range of measures that can use to evaluate a plans progress

v Establish a clear line of sight between their organization's mission and Vision and values and employees daily Work

v Set short-term and long-term business goals. 

v Create a plan for executing those objects

v Consider a range of Scenarios. 

v Describe the process of generating employee buy - in

v  Follow nine steps for ensuring a strategic plans effective execution

v Prepare effectively for challenges ahead in leadership roles.

v Network with other managers and executives to share perspectives and experience to meet the demands of change.

v Real-life case studies and discussion forums provide great opportunities to learn best practices from around the world.

v Be better equipped to rethink the strategies and tactics of your own organization, and redefine what you have to do to succeed in the foggy future of the current marketplace.

Ø TRAINING METHODOLOGY

This training course will combine presentations with instructor-guided interactive discussions between participants relating to their individual workplace. Practical exercises, video material and case studies aiming at stimulating these discussions and providing maximum benefit to the participants will support the training.

This interactive training course includes the following training methodologies as a percentage of the total tuition hours:

v 30% Lectures, Concepts, Role Play

v 30% Workshops & Work Presentations, Techniques

v 20% Based on Case Studies & Practical Exercises

v 20% Videos, Software & General Discussions

v Pre and Post Test

Ø WHO SHOULD ATTEND?

v Managers of medium and large organisations dealing with the challenge of change in an uncertain environment.

v Chief Executive Officer (CEOs)

v Directors

v Senior Managers

v Team Leader

Outline

Day 1

Strategy - Definition and Features

Components of a Strategy Statement

Strategic Management Process

Environmental Scanning

Strategy Formulation

Strategy Implementation

Strategy Formulation vs Implementation

Day  2

Strategy Evaluation

Process of Strategy Evaluation

Measurement of performance

Taking Corrective Action

Strategic Decisions

Business Policy

Difference between Policy and Strategy

Day 3

BCG Matrix

Boston Consulting Group (BCG) Matrix

Broader perspective to the employees

SWOT Analysis

Advantages of SWOT Analysis

SWOT ANALYSIS FRAMEWORK

Day 4

Competitor Analysis

Porter's Five Forces Model

Strategic Leadership

Judicious use of power

Readiness to delegate and authorize

Strategic vision for the organization

Day 5

Corporate Governance

What is Corporate Governance?

Benefits of Corporate Governance

Business Ethics

Protect the basic rights of the employees / workers.

Core Competencies

Core Competence Decision