Strategy - Formulating Strategy
Course Overview
Formulating strategy is the bedrock for ensuring the effectiveness of any organisation. This course provides you with a broad insight into the world of corporate strategy, from the planning to the implementation phase. It delivers a clear and concise understanding of how to create a working strategic plan for your organisation.
Course Content
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Strategic planning
• Development of organisational strategies
• Defining key strategic outcomes and KPIs
• Measuring and reporting success
• Strategic management tools
• Mapping the environment – Porter’s Five Forces
• Effective risk mitigation
• Defining customer benefits
• The financial management roadmap
• Effective strategy implementation
• Effective communication
• The Change Curve
• Balanced scorecard metrics
• Continuous improvement
Benefits for the individual
• Understand concepts of long-term planning and develop the confidence and initiative to apply these effectively
• Apply strategic concepts to the development of the organisation
• Identify and assess issues and risks that may have an impact on your organisation
Benefits for the organisation
• A strategic understanding of principal tools and models and their use within the company
• A roadmap for the development of corporate strategies
• Advice on the effective implementation of these strategies