Purpose
Strategic management is the process of making decisions and taking actions that will shape an organization’s future direction, and ensure its long-term success. It involves setting goals and objectives, analyzing the internal and external environment, and allocating resources to achieve those goals. The process includes the formulation, implementation, and evaluation of cross-functional decisions that enable an organization to achieve its objectives. It also involves developing a strategic plan to guide the organization’s actions and decision-making.
Course Objectives
- Understanding the external and internal factors that affect an organization’s ability to compete and succeed.
- Analyzing and evaluating industry and market trends to identify opportunities and threats.
- Developing skills in strategic analysis and decision-making.
- Learning how to create and implement effective strategies that align with the organization’s mission and vision.
- Understanding the role of leadership in driving strategic change and creating a culture of strategic thinking.
- Gaining insight into the tools and techniques used to evaluate the effectiveness of strategies.
- Understanding the role of corporate governance, ethics, and social responsibility in strategic management.
- Applying strategic management concepts to real-world case studies and simulated business scenarios.
Duration: 5 Days
Target Audience
- HR Business Partners
- HR Generalists
- Human Resources Managers
- HR Leaders
- Talent Management Professionals
- Organization Development Professionals
- HR Consultants
- CEO’s
- Line Managers
- Hr. Officers and assistant
- Organizational Leaders across industry
- Management Participants
Program Outline
Topic 1. Introduction to Strategic Management
Overview of the strategic management process, including key concepts and definitions.
Topic 2. The External Environment
Analysis of the external environment, including industry and market trends, competitor analysis, and the impact of macroeconomic factors on organizational performance.
Topic 3. The Internal Environment
Analysis of the internal environment, including organizational structure, culture, and resources.
Topic 4. Strategic Analysis
Techniques for analyzing strategic opportunities and threats, including SWOT analysis, PESTLE analysis, and Porter’s Five Forces.
Topic 5. Strategy Formulation
Techniques for developing and evaluating strategic options, including the use of strategic decision-making tools such as the Boston Consulting Group matrix and the GE-McKinsey matrix.
Topic 6. Strategy Implementation
Techniques for executing and monitoring strategic plans, including the use of implementation tools such as the Balanced Scorecard and the McKinsey 7S Framework.
Topic 7. Evaluation and Control
Techniques for evaluating the effectiveness of strategies, including performance metrics and control systems.
Topic 8.Corporate Governance, Ethics and Social Responsibility
Understanding the role of corporate governance, ethics and social responsibility in strategic management
Topic 9.Strategic Leadership
Understanding the role of leadership in driving strategic change and creating a culture of strategic thinking.
Topic 10.Case studies and simulated business scenarios
Application of strategic management concepts to real-world cases and simulated business scenarios.