Kyle Jaggers

The entropy and uncertainty of the marketplace has created a world of rapidly accelerating change. To survive, organisations must perceive and plan for the future with more dynamic and adaptive tools. This course equips delegates with the required tools to cope with uncertainty and change and to locate new opportunities in a challenging business environment.

WHO SHOULD ATTEND

This course is vital for directors and senior managers responsible for guiding their organisations to success in uncertain times. It will also greatly benefit forward-thinking executives, managers and team leaders wanting to master the tools that build winning corporate strategies for a flourishing organisation.

COURSE PROFILE

Strategy formulation.  Understanding the company, customer and competition - Determining why strategies fail

Issues in strategic execution. Lack of organisational clarity - Organisational design - Communication and control systems

The current market environment. Market upheaval and change - Causes of confusion

Uncertainty as the new reality. Uncertainty matrix - Rules-based planning - Building empowerment and trust

Preparing for scenario planning. Key elements: trends and uncertainties - The scenario planning process - Creating syndicate teams and deciding on projects

Constructing scenarios. Developing a scenario agenda - Integrating trends and uncertainties - Advance and retreat manoeuvres

Accounting for the external environment. STEEP analysis - Recognising critical uncertainties - Identifying new market opportunities

Alternative management tools. Real options reasoning - Environmental scanning - Emerging solutions

Moving from scenarios to strategy. Identifying change drivers on the scenario agenda - Defining strategy action topics and relevant scenarios - Committing to a strategy

SKILLS ATTAINED

At the end of the course delegates will be able to:

Formulate a strategic plan
Identify and tackle change issues
Apply the uncertainty matrix
Determine an appropriate organisational design
Identify barriers to communication
Identify and manage risk
Effectively implement scenario planning

RELATED COURSES

• Transformational Leadership and Strategy Formulation L75
• Strategic Management for Directors and Senior Managers L94