Strategic Thinking and Planning
An organization without a clear strategy is like a ship adrift without a rudder.
- Course fee
- Contact us
- Duration
- 5 days
- Group rate
- Ask an advisor
Course overview
An organization without a clear strategy is like a ship adrift without a rudder. To consistently deliver exceptional value to stakeholders and customers, organizations must have a well-defined direction and a plan to get there. This is where strategic thinking and planning become crucial. Strategy involves setting ambitious goals, understanding both the current and future environment, and charting a course for the organization's success. In this course, participants will explore the 7 steps of the strategic management process, starting with the 'thinking' phase, progressing through 'planning,' and culminating in 'execution.'
Training methodology
Participants will engage in practical exercises that simulate the development of each step in the strategic management process. Acting as organizational managers, they will craft strategic components for a chosen organization. Key strategy tools and frameworks will be introduced, discussed, and applied throughout the course.
Target competencies
- Strategic thinking
- Strategic planning
- Operational planning
- Performance management
- Results orientation
- Data analysis
- Market analysis
- Critical thinking
Course objectives
By the end of the course, participants will be able to:
- Apply strategic thinking to assess their current environment and define their organizational goals
- Utilize the strategic management process to achieve desired objectives
- Evaluate and select strategies that offer a sustainable competitive advantage
- Develop strategic objectives, Key Performance Indicators (KPIs), and 'SMART' targets for their organization
- Translate strategic plans into operational plans by creating and sequencing strategic initiatives
- Engage in the performance management cycle to ensure successful strategy execution
Course outline
- Introduction to strategy and the strategic management process
- Distinguishing between strategic thinking and strategic planning
- Benefits of strategic management
- Debunking common myths about strategy
- Understanding Porter's 5 Forces
- Creating and capturing value
- Conducting a SWOT analysis
- Identifying internal strengths and weaknesses
- Recognizing external opportunities and threats
- Fundamentals of the PEDESTL framework
- Achieving success in strategic analysis
- The role of vision and mission statements
- Defining and formulating vision statements
- Defining and crafting mission statements
- Embracing and communicating organizational values
- The three primary goals of competitive strategy
- Porter's generic competitive strategies
- Understanding the value chain
- Innovating within the industry value chain
- Developing a competitive advantage
- Ensuring strategic alignment within the organization
- Developing effective strategic objectives
- Utilizing the Balanced Scorecard (BSC)
- Identifying and implementing Key Performance Indicators (KPIs)
- Characteristics of effective KPIs
- Setting SMART targets
- Translating vision into actionable plans
- Criteria for creating effective action plans
- Developing strategic initiatives
- Formulating departmental plans
- Managing strategy execution
- Control processes and KPI dashboard reporting
Morning and evening classes are available. CompuBase Training Center, Abu Dhabi.
