Advanced Strategic Management

Description

This course is ideal for experienced strategists who wish to be updated on the most modern approaches to Strategic Management. It is designed for those with experience to have the opportunity to revise, refresh and confirm what they are doing is the best for their organization. This course incorporates the essentials of Strategic Management by enabling delegates to take an objective strategic overview, in order to identify strengths and weaknesses of a strategy: whether it is anticipated; being created or currently being implemented. Understanding where the organization is now is an essential basis for deciding the realistic ways to achieve the vision. Stakeholders need to be engaged and motivated and resources allocated according to need. Those unfamiliar with strategy creation will be given the comprehensive toolkit which is required to be robust, realistic and practical strategic managers. The course will highlight and develop the key management skills required for the role.

This course is ideal for experienced strategists who wish to be updated on the most modern approaches to implementing a successful strategy in the short, medium and long term. It is designed for those with experience to have the opportunity to revise, refresh and confirm what they are doing is the best for their organization. This course highlights and gives practical tips on the crucial qualities and skills required to lead, manage and implement a successful strategy. The large majority of strategies fail, frequently during implementation. We address the importance of committed leadership, supported by and supporting robust management. The ability of organizations and individuals to adapt and change is now the norm – not the exception. So, we will analyse the on-going change from three perspectives: firstly, introducing a new strategy; secondly, adapting the strategy to changing circumstances and thirdly, reacting to abrupt and unexpected circumstances. We will analyse how to “think the unthinkable” and anticipate risks and crises, so that they can be professionally managed, when and if they arise.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

What you will learn

Strategic Analysis

• Ten-step strategic planning process
• Current organizational structure, characteristics and context
• Internal analysis

External analysis

• Developing the Strategic Plan
• Agreeing, understanding and communicating the vision
• Evaluating the alternative strategic approaches
• Deciding the most appropriate way and why
• Create the plan to achieve vision

Stakeholder Identification, Analysis and Engagement

• Identify all stakeholders
• Stakeholder interest and influence
• Consult and involve with stakeholders appropriately
• Formulate a comprehensive plan to involve, motivate and engage

Resource Assessment and Allocation

• Assessment of available resources
• Structured evaluation of the groups of resources required
• Allocation of resources efficiently and effectively
• Getting the most out of each resource

Strategic Leadership and Management

• The strategic planning cycle
• Why so many strategies fail and how to avoid the pitfalls.
• Adapting leadership styles to a multiplicity of situations.
• Building trust and credibility as the path to success.

Strategic Change Management

• Change is the norm not the exception
• Create an organizational culture to embrace change positively.
• Framework for leading and managing positive and creative change.

Strategic Review and Recallibration

• Monitor and measure short, medium and long-term results against objective targets.
• Analyse the impact of any changes on the internal and external planning assumptions and changing circumstances.
• Reacting to market disruptors
• Revise, respond and readjust the strategy and its implementation.

Strategic Risk Control and Crisis Management

• Risk management cycle
• Identifying sources of risk and deciding which actions to take.
• Crisis reaction, control and response.

Course Review

• Summary and recap of key learning objectives
• Action Planning