Business Strategy Construction
Duration: 5 days
In today’s rapidly evolving business landscape, constructing a robust business strategy is crucial. This course delves into the complexities of strategy development, emphasising the need for adaptability and continuous review to thrive. Participants will learn how to forge strategies that not only align with their organisation’s strengths but also dynamically respond to changing environments, ensuring long-term sustainability and growth.
This course is specially tailored for managers and supervisors who aspire to enhance their strategic planning and implementation skills. It is ideal for those in charge of teams, projects, or departments and are keen on advancing their careers by strengthening their leadership and strategic decision-making capabilities.
Foundations of Strategic Thinking
- Exploring the VMOST framework for strategic alignment
- Conducting stakeholder analysis for comprehensive engagement
- Identifying external threats and opportunities in the business landscape
- Analysing internal resources, capabilities, and best practices
Strategic Thinking and Analysis
- Analysing industry dynamics using the P.E.S.T.L.E. framework
- Integrating internal and external factors with McKinsey’s 7 S Model
- Recognising and leveraging global Mega Trends
- Critically assessing strategic information for decision-making
- Developing actionable strategic insights
Effective Strategy Formulation and Implementation
- Setting clear, achievable strategic objectives
- Crafting detailed strategy documents essential for organisational alignment
- Establishing measurable KPIs to track strategic progress
- Designing a change roadmap to guide the implementation process
- Ensuring effective communication of strategic plans throughout the organisation
Managing and Sustaining Change
- Linking strategic and operational changes
- Implementing and adjusting the change management plan
- Identifying and resolving transformation challenges
- Managing conflict and enhancing team resilience
- Planning for future transformations and revising strategies
Team Building and Stakeholder Engagement
- Engaging key team members and stakeholders
- Developing a comprehensive communication plan
- Creating a resistance management strategy
- Facilitating cross-functional collaboration
- Enhancing team dynamics for sustained change
At the end of this course, delegates will be able to:
- Align organisational objectives with strategic business plans
- Identify and engage key stakeholders effectively
- Formulate and communicate strategic decisions
- Implement strategic plans proactively and reactively
- Monitor and evaluate strategic outcomes
- Adapt and sustain competitive strategies over time
- Use strategic tools and frameworks effectively
- Lead and motivate teams in strategic initiatives