Formulation Of Objectives & Documentation Of Performance
Course Code: MN29
Course Objective
- Examine how to design visionary strategic plans
- Consider utilization of a model for organizational assessment
- Formulate insights into strategic planning problems to avoid
- Identify and learn from examples of strategic success and failure
- Develop understanding of the nature of the organizational life cycle
- Study the preparation of effective contingency plans
Target Audience
- Specialist Managers
- Operational Managers
- Team Leaders
Course Outline
DAY 1: Strategy, Strategic Planning and Competitive Positioning
- Introduction to the Seminar – structure and content
- Strategy - concept and significance
- “Competitive Positioning” vs. “Blue Sky” approaches
- Achieving Competitive Advantage through Flexibility and Agility
- The Interaction of Strategy, Structure and Business Processes
- Gathering Information and Intelligence for the SWOT Analysis
- Mini-cases and Group Discussion – “Cost vs. Differentiation”
DAY 2: Strategic Intent, Strategic Choice and Balancing Scorecards
- Vision and Mission Statements - preparing for the future
- Business Analysis and Contingency Planning
- Strategic Choice
- Converting the SWOT Analysis into the “Strategy Matrix”
- Strategy Formulation – programmes, projects, policies
- Transforming the Organization - strategy implementation and managing change
- Mini-case and Group Discussion – “Major strategic re-orientation”
DAY 3: Assessing the Current State of the Organization
- Leadership and Management in relation to Strategy
- Customer and Market Focus
- Human Resources and Knowledge Management
- Building a Strategic Planning Team
- Effective Process Management to achieve business results
- Monitoring and Measuring Business Performance
- Mini-case and Group Discussion – “A market entry problem”
DAY 4: Strategic Planning Best Practice Whilst Avoiding the Pitfalls
- The Strategy Life-cycle and the Problem of Strategic Drift
- Getting Innovative thinking into the Organization
- The Potentially Negative Dimensions of Success
- How to Avoid 'Paralysis by Analysis'?
- Overcoming inability to evaluate fresh ideas, denying the truth and thinking inside the box
- The Critical Importance of Good Planning Team Dynamics
- Mini-case and Group Discussion – “How and why a good organization can go bad?”
DAY 5: Personal Strategic Planning
- Applying Strategic Tools and Techniques to the Individual
- Personal Goal Setting, Creating a Personal Strategic Plan
- Implementing Change - achieving progress as a strategic manager
- The Mix of Competencies and Personal Skills required in 21st Century Business
- Executing Strategy - how to break it down and get it done?
- Developing Inspiration and Gathering Support
- Overcoming Adversity by Leveraging your Skills and Building on Success
- Conclusion - a personal role in the strategic planning and goal setting processes
- The design of financial models for forecasting and decision-making
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