A strategy provides you with a sustainable edge over competition. Business Strategy Formulation is an art and a discipline. It demands creative, out-of-the-box thinking and the discipline of logical thinking and flawless execution. To stay competitive, an organization’s strategy must be formulated, challenged, tested, and constantly updated. This challenging Business Strategy Formulation training course will help management define a strategic vision that is anchored firmly in the organisation’s values and beliefs.
About strategy and Strategic Planning
Introduction – what is Strategic Planning?
Different models of Strategic Planning
Benefits of Strategic Planning
When should Strategic Planning be done?
Various overviews of Strategic Planning process
Samples of plans
Recognise threats and opportunities
Identify strengths and weaknesses
Identifying high-risk areas
Define unique resources and core competences
Analysing strategic capability
stakeholders impact analysis
Identifying, acquiring and cultivating new strategic capabilities
Strategizing (identifying goals and methods to achieve them)
Developing/Updating Mission, Vision and Value Statements
Strategic alliances with the competition
Communicating the strategy to the organisation
Developing the corporate Balanced Scorecard
Project management framework
Changing the Plan as Necessary During Implementation
Guidelines to Manage Organizational Change While Implementing the Plan
Understanding the difference between Management and Leadership
The challenge of Leadership
Practical Leadership Skills
The Business Strategy Formulation training course is designed for senior managers, department heads and directors involved in looking at their organisation’s future direction and strategy.