Business Strategy Management Course

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Description

Strategic Management Best Practices

Course Methods:  Experiential workshop (action learning course)
Course Venue:     Las Vegas, Nevada, USA
Course Duration:  4 days
Course Times:       9 AM - 3 PM

Course Audience: 

  • CEO's Team: Senior and Mid Level Managers including General Managers, Business Unit Managers, Finance Managers, Accounting Managers, Operations Managers, Human Resources Managers, Marketing Managers, Sales Managers, Project Managers

  • Entrepreneurs

  • Business Consultants

Course Objectives 

  • How to analyze, plan, and implement business strategies, using advanced strategic management frameworks

  • Offers experiential analysis to understand the challeng…

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Strategic Management Best Practices

Course Methods:  Experiential workshop (action learning course)
Course Venue:     Las Vegas, Nevada, USA
Course Duration:  4 days
Course Times:       9 AM - 3 PM

Course Audience: 

  • CEO's Team: Senior and Mid Level Managers including General Managers, Business Unit Managers, Finance Managers, Accounting Managers, Operations Managers, Human Resources Managers, Marketing Managers, Sales Managers, Project Managers

  • Entrepreneurs

  • Business Consultants

Course Objectives 

  • How to analyze, plan, and implement business strategies, using advanced strategic management frameworks

  • Offers experiential analysis to understand the challenges of CEOs and General Managers in competing in the market place

  • Focuses on the frameworks, models and tools needed to formulate and implement successful business strategies

  • Examines how firms compete

  • Provides work-based projects to help candidates in developing practical strategic initiatives based on their unique set of issues, resources and business environment

  • Provides the "know-how" to plan, implement and monitor strategy execution using performance measurement systems

  • Offers strategy insights from the world’s most successful CEOs and leaders

Training Focus

  • Develop the core business strategy management skills and competencies. The core competencies include business strategy knowledge, planning, control, problem-solving and communication.

  • Key Concepts
    • CEO's Top Strategy Questions. CEO Strategy Challenges. Strategic Planning. Strategy Best Practices and Pitfalls. Business Strategy Toolkit. Strategy Formulation. Strategy Implementation and Strategy Evaluation Framework. Harvard Balanced Scorecard (Kaplan & Norton). Boston Consulting Group (BCG) Matrix. Portfolio Analysis (Cash Cows, Dogs, Question Marks, Stars) & (Divest, Invest, Build and Harvest). Strategic Stretch Vs. Strategic Fit. Cost/Benefit Analysis (CBA). Profit Pool Analysis. Value Chain Analysis (VCA). Scope. Strength, Weakness, Opportunities and Threats (SWOT) Analysis. Competitive Benchmarking. Product Life Cycle (PLC). Core Competencies. Critical Success Factors (CSF). Game Theory. Nash Equilibrium. Scenario Planning. Key Performance Indicators (KPI). Sustainable Competitive Advantage. Risk Management. Trends Probability and Impact. Organization Design. Organizational lifecycle. Strategic Business Units (SBU). Change Management. Natural Law. Gap Analysis. Business Drivers. Environment Scanning. Political, Economic, Social and Technology (PEST) Analysis. Industry Attractiveness. Industry Structure. Introduction Strategies. Growth Strategies. Maturity Strategies. Decline Strategies. Exit Strategies. Porter Five Forces. Industry Rivalry. Entry Threats. Supplier Power. Buyer Power. Threat of Substitutes. Competitive Intelligence. Strategic Group Matrix. Competitive Positions. Sources of Competitive Information. Competitor Profiling. Strategic Planning Framework. D’aveni’s Hyper-competition. D’aveni’s 7 S’s. Co-opetition. Mckinsey’s 7-S Strategy Framework. Decision Trees. Growth Vector Analysis (GVA). Profit Impact Of Market Strategy (PIMS). Experience Curve Strategy. Mckinsey G.E. Business Screen. Governance. Strategic Alignment. Hierarchy of Objectives. Performance Control System (PCS). Stakeholder Analysis. Power and Politics. Organization & System Design. Business Model. Pareto 80/20. Sustainable Competitive Advantage. 3C's Model Strategic Triangle (Ohmae). 7 Ps (Booms Bitner). ADL Strategic Condition Matrix (Arthur D. Little). Product/Market Grid (Ansoff). Innovation as Blue Ocean Strategy (Kim & Maubourgne). Core Competence (Hamel, Prahalad), Marketing Mix 4P's. Strategic Intent (Hamel & Prahalad). Strategic Stakeholder Management.

    Course Outline / Customization Subjects

    • How to formulate and implement a comprehensive and integrated set of decisions that achieves business goals

    • How to develop and share an organizational vision, and deal with various stakeholders

    • How to conduct industry and competitive analysis and how to identify the forces and dynamics of business competition

    • Understand the resources, capabilities, and core competences that make a company successful in developing and sustaining a competitive advantage

    • Identifying the challenges of designing and implementing strategic change

    • How to balance the opportunities and risks associated with dynamic and uncertain changes in industry attractiveness and competitive position

    Courseware Content

    IIM's business strategy management courseware includes:

    1. Participant's coursework and assessment project guide

    2. Executive summary of the subject matter (in power-point lecture notes format):

      • Summary of essential concepts and business strategy best practices

      • Examples and case studies

    3. Business strategy management toolkit (management frameworks, decision models, checklists, etc.)

    4. Experiential work-based assessment project

    5. Online resources for the completion of the experiential assessment project

    Performance Evaluation (Optional)

    • Performance will be evaluated on the basis of individual or team project deliverables

    • Candidates can complete customized experiential / work-based projects such as developing a relevant analysis document, management strategy, action plan or a senior management presentation

    • IIM course advisor will review the deliverables and provide improvement feedback

    • There are no traditional quizzes or theoretical exams.

    Course Registration

    • Business Strategy Management Course
      • Accelerated workshop (classroom)
      • Course venue: Las Vegas, Nevada, USA
      • Requires registration, application review and seat reservation
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