Course description
The Rcademy Certificate in Business Policy and Strategy Training Course is designed to provide participants with the rudiments of business policy and strategy design. Attendees will be taught how to design and develop business policies and strategies to address specific challenges and issues faced by the business. Focus is also given to ethical codes and standards employed in making a decision, elements of business structures, establishing SMART objectives and goals and describing the best practices for evaluating employees. The course also covers relevant factors that are included in policy and strategy formulation and how to assess the success and shortcomings of a business policy and strategy. The course contents are comprehensive and designed to provide attendees with the essential knowledge and skills to develop a successful business policy and strategy.
What are the features of a business policy?
A business policy is a blueprint or guidelines created by an enterprise to govern its activities. A business policy defines the scope and limits that decisions must be made and executed. It deals with the purchase of vital resources needed for the achievement of the goals of the business. It also covers the significant challenges affecting the success of a business and how to develop decisions that can address such challenges. The features of a business policy include clarity, specificity, stability, uniformity, flexibility, comprehensiveness and inclusivity, and simplicity.
Upcoming start dates
Suitability - Who should attend?
Who Should Attend?
The Certificate in Business Policy and Strategy Training Course by Rcademy is designed for a wide range of professionals within the private and public sectors, such as:
- Business managers:tasked with monitoring and heading operations of business enterprise, developing and implementing business strategies, and evaluating business performances
- Senior administrative officers:responsible for monitoring, coordinating, and directing members of staff, partaking in the development of business objectives and goals, and budget planning
- Stakeholders:responsible for offering guidance and supervising the administration of the company
- Project Managers:responsible for the day-to-day management of a company’s projects
- Operations Managers:responsible for hiring, training, and supervising employees and also developing strategies to boost efficiency and productivity
- HR managers:charged with supervising administrative functions connected to a company’s personnel, designing recruitment plans, executing them, and hiring new employees
- Directors:tasked with monitoring the running of a business, its financial activities, ventures, and investments
- Business analysts:charged with conducting market analysis, evaluating the profitability of a business and its product lines
- Lawyers:involved in the administration of a company
- Every other individual interested in learning about business strategy and policy
Outcome / Qualification etc.
The Certificate in Business Policy and Strategy Training Course by Rcademy is geared towards assisting participants in attaining the following objectives:
- Learn about the fundamentals of business policy and strategy
- Understand the techniques and methodologies used in developing a business policy and strategy
- Recognize the various ways of evaluating the success and shortcomings of business policy and strategy
- Learn how to write, manage and analyze a strategy business policy
- Learn how to perform internal and external evaluations of a business and the dynamics of competition
- Recognize the different ways to align a business’s goals and objectives for competitive advantage
- Learn about the challenges facing business performances and how to address them using effective policies and strategies
- Learn about the rudiments of strategy control and implementation
Training Course Content
Module 1: Fundamentals of Business Policy
- Definition of terms
- Evolution of business policy
- Characteristics of business policy
- Types of business policies
- Importance of business policies in business administration/management
Module 2: Introduction to Business Strategy
- Overview of business strategy
- Types of business strategies – Cost Strategies – Niche focus strategy – Service Strategy
- The Hierarchy of strategic intent
- The process of strategic management
- Business policy vs business strategy
- Strategy decision-making process
Module 3: Formulating Business Policy and Strategy
- Setting the organization’s goals and objectives
- Establishing quantitative targets
- Performance analysis
- Understanding the business environment
- The Roles of Competitors
- Establishing SMART objectives
- Choice of strategy
- Management and policy direction
Module 4: Advanced Business Policy-Making
- Overview and introduction
- Cooperation with relevant policymakers
- The instruments of policy execution
- Incorporating global trends
- The qualities of a healthy business policy
- Evaluating and monitoring policy
Module 5: Evaluating the Business’s External Fit
- Strategic positioning
- The concept of value
- Cost drivers for various customer segments
- The business value proposition
- Industry analysis
Module 6: Developing Novel Initiatives and Strategies
- Shifts in mindsets
- Creating empirical tests
- Choosing strategic possibilities
- Recognizing vital conditions for success
- Designing new strategic possibilities
Module 7: Other Dimensions of Policy-Making
- Law and policy-making
- Social policies
- Economic policies
- Health policies
- Environmental policies
- Regulations vs business policies
Module 8: Stakeholder Engagement
- The duties of stakeholders in business administration
- Developing and sustaining interest
- Recognizing relevant policy-based issues
- Designing engagement programs
- Introducing the business to key decision-makers
- Delivering evidence for policy-making
Module 9: Social Responsibility and Corporate Governance
- The roles of the Board of Directors
- Ethical decision making
- Developing a crucial social responsibility
- Importance of social responsibility to Businesses
- The roles of stakeholders
- Deploying a corporate social responsibility
Module 10: Control and Monitoring of Strategy and Policy Execution
- Introduction
- The Role of Leadership
- The structural frame of reference
- The cultural frame of reference
- Deploying and evaluating strategy
- Human resources frame of reference
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Rcademy
Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...