Strategic Awareness and Business Acumen

Strategic Awareness and Business Acumen

OBJECTIVES

• Examine the external environment affecting your company’s ability to succeed
• Analyze your key competitors and what the future will look like
• Measure performance using standards that are highly correlated with value creation
• Integrate your competitive analysis to improve your business decision making
• Create a business strategy and a complete strategy implementation map

WHO SHOULD ATTEND?

• Those wishing to sharpen their analytical skills and Business Savvy
• Supervisors taking on additional strategic responsibilities
• Managers taking on a more senior and strategic role in their organization
• Managers seeking innovative approaches to business development
• Managers wanting to refresh their business acumen and strategic management tools

COURSE OUTLINE

DAY 1

The “Business” Process

• 21st Century Changes and Challenges
• Psychological Aspects of Decision Making
• Strategic Thinking – Who, How, When & Why
• Examples of Strategy Success and Failure
• Business Savvy and Business Sense
• Financial Literacy
• Business Management and Leadership

DAY 2

Strategic Management Skills

• Leadership Theories & Styles
• Attributes of Successful Leaders
• Strategic Skills: Traits or Contextual
• Visioning, Communicating & Framing
• Team and Organisation Perspectives on Implementing Strategies
• Leading others through the Strategic Process

DAY 3

The Strategic Process

• Impact of External Change: Competitive Positioning, Technology, Regulation
• Innovation: Blue vs. Red Ocean Strategies
• The Strategy Hierarchy
• Realizing the Strategies: Making them happen
• Recognizing & Reacting to Disruptive Competition
• Competitive Positioning

DAY 4

Business Acumen

• The Dimensions of Business Issues
• Business Complexity and Uncertainty
• Mindfulness, Sense-making and Resilience
• Financial Understanding and Interpretation
• Key Stakeholder Analysis
• Competitive Strategies required for Success
• Problem Solving and Decision Making
• Avoid Common Planning Traps and Pitfalls by conducting a Business Strategy Review

DAY 5

Strategy Implementation and Communication Plan

• Challenges of Mergers & Acquisitions
• Test Strategic and Business Models
• Explore the Essential Elements needed to implement a Strategic Plan
• Develop Profit Improvement Strategies and Planning for Growth
• Strategic Execution: Budgeting, Forecasting & Adjusting to Reality
• Communicating and Aligning Corporate to Individual Objectives