Course description
Having a well-defined strategy for reaching organizational objectives while starting or expanding a firm is crucial. The company’s efficiency and output can be greatly increased if its leaders have a better grasp on boosting growth. Consistent expansion is the goal of each company’s strategy creation process.
What is strategy development, and why do organizations need it?
Strategy development involves researching and recognizing strategic options, choosing the most promising options, and determining how resources will be distributed across the company to attain its objectives. The strategy guides during challenging and uncertain periods and ensures that the company’s objectives and goals are properly aligned.
Goal setting is a vital aspect of strategy development. It helps boost the performance of an organization while also aligning the individual objectives and aspirations of workers to those of the company. In addition, it clarifies the organization’s short-term and long-term ambitions while letting employees work together toward achieving a common goal. Below are the benefits of strategy development:
- The strategy provides stability during uncertain conditions
- It helps to align individual actions
- It provides guidance
What are the keys to successful strategy execution?
Most companies often experience drawbacks in reaching their objectives due to gaps between strategy development and execution. Some of the vital keys to a successful strategy execution include the following:
- Commit to strategic plans
- Align jobs to strategy
- Communicating clearly to empower employees
- Measuring and monitoring performance
- Balancing Innovation and Control
The Rcademy Strategy Development and Execution Training Course is designed to offer participants with various frameworks and concepts that will allow them to critically analyze the approach of companies in various business sectors to strategy development and execution. Strategy building and implementation are required throughout an organization’s management ranks. The course will equip learners with vital skills, knowledge, and understanding to execute strategic plans. Focus is also given to approaches to strategy development, the importance of strategy, and the strategy implementation process. The emphasis of this training course will be to help attendees understand governance and business ethics, resource allocation, strategic planning, and development tools.
Upcoming start dates
Suitability - Who should attend?
The Rcademy Strategy Development and Execution Training Course aim to help participants achieve the following:
- Gain a broad understanding of the fundamentals of strategy development and execution
- Learn about the importance of strategy development in the administration of an organization
- Define and explain the concepts of strategy implementation, change management, and strategic plans
- Learn about the various techniques used in strategy development and strategy execution
- Learn about the elements of strategy development
- Develop vital and practical decision-making skills
- Learn about the various types of strategies deployed at each level of organizational management
- Learn about the ways to manage strategic changes taking place within the organization
Training Course Content
Module 1: Introduction to Strategy Development
- Introduction and definition of terms
- Importance of strategy development
- The stages of strategy development
- Strategy communication
- Methods of strategy development
– Internal development
– Joint development
– Mergers or acquisitions - Strategy development as an aspect of strategic management
- Strategic vs tactical planning
Module 2: Strategic Intent
- Strategic dominance
- Establishing a statement of intent
- Hierarchy of strategic intent
- Determining strategic intent
Module 3: Formulating Corporate Objectives
- Strategic goals
- The vision and mission statement
- Strategic vision
- Recognizing and evaluating alternatives
- Process of setting objectives
Module 4: Strategy Execution and Key Performance Indicators Measurement
- Lateral thinking to clarify
- Recognizing departments and individual KPIs
- Requirements for strategic management implementations
- Communicating strategies and overcoming internal political resistance
- Recognizing core strategy execution plans
- Components of a detailed strategy implementation plan
Module 5: Pre-requisites in Strategy Development
- Business development inquiry
- Scanning the competitive space
- Scanning macro environment
- Internal environment analysis
- Strategy analysis
Module 6: Resource Allocation, Strategy Development, and Control
- Vital elements of strategy control and monitoring
- Resource allocation in the organization
- Objectives and task setting
- Strategy development vs strategy execution
- Information, monitoring, and control
- The nature and limitations of the strategy execution process
Module 7: Managing Strategic Change
- Impacts of Change on Organisation’s Employees
- The concept of change management
- The approaches to managing strategic change
- Types of strategic change
- The impacts of strategic change on the company
- The causes of change
- Emergent approaches to change management
- Prescriptive techniques for managing strategic change
Module 8: Strategic Performance and Alignment
- Aligning mission, strategies, processes, culture, vision, and systems
- Developing a strategic management map
- Aligning every employee in the same direction
- The building blocks of strategic leadership execution
- Incorporating resources and business systems to attain performance
- How performance (profitability and growth) are results of employees, customers, strategy, and process alignment
- Bringing previously unconnected aspects of the organization into a comprehensive model to achieve success
Module 9: Performance, Business Ethics, and Corporate Governance
- Ethics and strategy
- Agency theory
- Stakeholders and corporate performance
- Governance mechanisms
Module 10: Public Sector, Government, and Not-For-Profit Strategies
- Evaluating the Environment in public sector strategy
- Content, context, and Execution in public sector strategy
- Evaluating resources within the public and non-profit sectors
- Examining the purposes of public and not-for-profit organizations
Course delivery details
The contents of this course are curated solely to satisfy and boost participants’ skills in data and statistical analysis; it is participant-based. Different quality methodologies and techniques are employed to ensure constant participation and satisfaction of participants. The course will be taught by seasoned professionals in the field and extensively researched modules that thoroughly deal with the principles and practice of strategy development and execution.
The Rcademy Strategy Development and Execution Training Course comprise theory and practical learning delivered through lecture materials, case studies, visual aids, group discussions, problem-solving notes, evaluation of class activities, seminars, quizzes, and individual reports after each interaction.
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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...