Course description
Systems Thinking for Strategy
Over the last few decades, long before the connectedness brought to humanity by social media, our world has become hyper-connected. As a result of developments in international trade, labour migration, monetary and fiscal policy, and technology – to name a few – our world is connected physically, socially, organisationally and technologically. Strategy that fails to consider how the different parts of a system interrelate and how systems work within social context, exposes the organisation to risk. Systems thinking offers a structured approach to developing strategy that takes into account the hyper-connectedness of the world.
This course introduces participants to Systems Thinking and how it can be used in the development of business strategy. More specifically, participants will be able to use the skills gained from this course to move away from traditional competitive positioning and resource-based approaches to strategy and develop business strategy that is more focused on sustainability, business ecosystems and complexity.
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Upcoming start dates
Suitability - Who should attend?
Who is this course for?
Executives
This course is best suited for directors, managers, and heads of departments involved in the development of business strategy.
Outcome / Qualification etc.
By the end of the course you will understand;
- Understand the history, seminal research and key perspectives on systems thinking;
- Understand systems thinking terminology, processes, methods, and techniques;
- Explain when it is appropriate to apply classical thinking methods (eg. reductionist methods, data collection, hypothesis testing etc.) as opposed to applying Systems Thinking;
- Understand complexity, how it relates to business strategy, and how Systems Thinking can be used to address the impact of complexity on the organisation;
- Use various techniques to map and document systems that impact your organisation;
- Apply systems engineering and analysis techniques to connect and understand the relationships between the different components or your organisation and its business environment;
- Use Systems Thinking to analyse connections within organisations and their business environments as interconnected ecosystems;
- Use Systems Thinking to integrate information across disciplines for better understanding of the system as a whole;
- Identifying opportunities for leveraging system connections for maximum impact;
- Translate System Thinking objectives into a business strategy that can be operationalised and implemented;
- Identify and mitigate potential unintended consequences of a planned system-based strategy’s implementation;
- Create essential feedback and feed-forward loops.
Course delivery details
- Delivered online, face to face or blended, on campus or at our clients’ own venue
- Delivered internationally
- Designed to complement existing training
- A tailored version of an existing course or designed just for you
Expenses
Course Fee: £895