An organization without a strategy is like a ship without a rudder. How can organizations continue to provide exceptional value to stakeholders and customers if they are not clear on where they are heading and how they will get there? The answer is they can't. This is where the role of strategy becomes essential. Strategy is about setting ambitious goals, understanding the surrounding current and future environment and providing a sense of direction for the organization. In this course, we will cover the 7 steps of the strategy management process, starting with the 'thinking' components of strategy, moving into the 'planning' components and ending with 'execution'. At the end of the course, participants will be able to implement or improve the strategic process at their organizations to reach their vision and achieve their mission.
Course Methodology
The course enables participants to practice the development of each of the strategy management steps. In addition, the most important strategy tools and frameworks will be discussed and put into practical use during the course.
Course Objectives
By the end of the course, participants will be able to:
Differentiate between strategic thinking and strategic planning
Analyze the current environment using different strategic frameworks
Develop organizational vision and mission statements
Analyze and assess various competitive strategic options
Formulate strategic objectives, Key Performance Indicators (KPIs), and targets
Target Audience
All managers and senior professionals who are involved in influencing, formulating or supporting the long term planning and strategy of their department or organization, as well as those who are responsible for linking, measuring and improving the performance of the organization, including strategy or performance management professionals, balanced scorecard managers, business unit and department managers and business analysts.
Target Competencies
Strategic thinking
Strategic planning
Situational analysis
Developing vision and mission statements
Performance management
Results orientation
Course Outline
Strategic Thinking and Planning
Strategy safari
The strategic management process
Strategic thinking versus strategic planning
Benefiting from strategic management
Myths about strategy
Analysis of the Environment
Porter's 5 forces
Creating and capturing value
Conducting a SWOT analysis
Fundamentals of the PEDESTL framework
Succeeding in strategic analysis
Vision and Mission Statements
Using vision and mission statements
Definition of vision statements
Formulating vision statements
Definition of mission statements
Formulating mission statements
Embracing organizational values
Assessing Strategic Choices
Porter's generic competitive strategies
Developing a competitive advantage
Product development
Market development
Horizontal integration
Strategic Objectives, KPIs, and Targets
Ensuring strategic alignment in the organization
Developing effective strategic objectives
Using the Balanced Scorecard (BSC)
Using Key Performance Indicators (KPIs)
Developing different types of KPIs
Setting SMART targets
Schedule & Fees
2026 Schedule & Fees
There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.