Advanced Strategic Management

This course is designed for individuals in advanced management positions who participate in organizational planning and/or who want to become more competitive on a personal or company/organization level.

Course Objectives

The goal of the course is to give delegates an in-depth understanding of the following macro-areas:

• strategic planning tools
• roadmaps to develop strategic planning
• financial planning
• effective implementation

Course Outline

FORMULATING STRATEGY TO ACHIEVE VISION

• Agree vision, mission, culture and values of organization
• Analyze where organization is now
• Decide where the organization wants to be, and by when
• Selecting best strategic options to get there

STRUCTURES, PROCESSES AND PROCEDURES

• Budget creation, monitoring and control
• Costing techniques and margin management
• Resource allocation and balancing priorities
• Creating systems to monitor effectiveness of implementation

MEASUREMENT AND REPORTING

• Setting long-term goals and manageable short-term targets
• Building contingencies into the strategy
• Measuring at clearly-defined milestones
• Reporting and incorporating feed-back

STAKEHOLDER IDENTIFICATION · * Identify who affects or is affected by proposed strategy (stakeholders) * Encourage stakeholder ownership through involvement in strategy creation * Clarify benefits and implications for each group of stakeholders * Turn resistance into support

SYSTEMATIC STRATEGIC COMMUNICATION

• Two-way communication for stakeholders to inform and be informed
• Clear, concise and relevant messages from the best messenger
• Identify and use a variety of methods and channels
• Gain commitment through frequency of communication

LEADERSHIP AND STRATEGIC DECISION-MAKING

• Importance of leadership in implementing successful strategies
• High-profile leadership which inspires and motivates
• Decisive, speedy and consistent decision-making
• Persistent follow-through on all decisions to produce results

RISK AND CRISIS MANAGEMENT

• Identify all risks, evaluate potential impact and mitigate accordingly
• Incorporate strategic flexibility to respond to internal and external changes and pressures
• Prevent issues becoming risks then turning into crises
• Create, practice and be prepared to implement crisis plans

PREVENT FAILURE OF STRATEGIES

• Recruit and retain people with appropriate skills, experience and track record
• Clarify and communicate roles and responsibilities
• Encourage creative problem-solving and constructive conflict resolution
• Promote unity within teams and harmony between teams

SKILLS FOR SUCCESS

• Communication, including: presentations, meetings, oral, listening, body language and written
• Delegation to increase productivity
• Negotiation and influencing skills for a win-win for all
• Time management for minimum effort to produce maximum results

Course Methodology

A variety of methodologies will be used during the course that includes:

• (30%) Based on Case Studies
• (30%) Techniques
• (30%) Role Play
• (10%) Concepts
• Pre-test and Post-test
• Variety of Learning Methods
• Lectures
• Case Studies and Self Questionaires
• Group Work
• Discussion
• Presentation