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Strategic Thinking & Decision Making in Competitive Environments
course
Strategic Management
Course Overview
Today’s business environment is increasingly competitive and fast-changing. Product life-cycles are shortening, technology evolves rapidly, and markets are opening globally. To achieve profitable growth, organizations must think faster, innovate quicker, and often transform radically.
This highly interactive Strategic Thinking & Decision Making training course is designed for experienced management team members who need to capitalize on new opportunities while effectively managing threats from existing and emerging competitors. Participants will gain the knowledge and tools to make sound strategic decisions that drive organizational success.
Course Objectives
By the end of this training course, participants will be able to:
- Understand the dynamics of competitive markets and their impact on business strategy.
- Identify and apply the right tools and techniques for market and competitor analysis.
- Build systems for acquiring, analyzing, and acting on competitor and market intelligence.
- Understand the processes and strategic significance of value migration.
- Manage simultaneous competitive and collaborative business relationships.
- Create sustainable differentiation through the total business model.
Course Audience
This course is suitable for a wide range of professionals in both private and public sector organizations, including:
- Strategic Planners
- Senior Operations Personnel
- Marketing Analysts
- Technical and Research Professionals
- Corporate Finance Specialists
- HR Teams involved in long-term staff development
Course Methodology
This course combines instructor-led presentations with interactive discussions tailored to participants’ real-life strategic challenges. Practical exercises, video materials, and case studies will enhance learning by providing examples of real-world strategic decisions and business situations.
Course Outline
Day 1: Evaluating the Business and its Potential
- Understanding the value structure of a business and its evolution
- Value chain and value ladder in strategic thinking
- Financial and non-financial business evaluation
- Strategic foresight as a critical activity
- Concept of profitable growth
Day 2: Strategic Analysis in a Competitive Context
- Learning from best practices
- Introducing a strategic mindset
- Managing internal and external relationships in strategy development
- Assessing risk in strategic decisions
- Reviewing and evaluating initiatives and projects
- Securing cohesion of strategic programs
Day 3: Dealing with Choice and Complexity
- Strategic choices: deciding what to do and what not to do
- Incorporating agility and contingency planning
- Make-versus-buy decisions
- Leveraging information technology for complexity management
- Supply-demand chain optimization
- Participating in virtual or extended organizations
Day 4: Strategic Decision-Making
- Building an effective strategic planning team
- Project evaluation and ranking opportunities
- Innovation in the strategic decision process
- Risk analysis and management tools
- Setting objectives, milestones, and performance measures
- Sustaining differentiation through the total business model
Day 5: Implementing Strategy and Long-Term Development
- Overcoming challenges in strategy implementation
- Breaking down strategic plans into actionable steps
- Implementation as a mission-critical activity
- Planning ahead with foresight and leveraging experience
- Converting foresight into programs and projects
- Discussion of delegates’ follow-up action plans