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Business Strategy: Improving Results and Increasing Value
This course provides a firm conceptual grounding in the core concepts of business strategy and the possibility to create your own strategy on a step-by-step basis.
That strategy will be captured in a set of clear and simple slides common to all good business strategies, along with the possibility to include additional material you wish to include which is specific to your own business or provides greater depth in particular areas of business strategy and tactics. These additions may include such items as R&D focus, detailed customer segmentation, pricing initiatives, New Business Development plans, technology breakthroughs, compensation plans, specific competitive competitor contra-plans, cost reduction initiatives, and other elements of importance for your business.
Upon completion of this course you will have a deeper understanding of what makes a strategy successful, and a comprehensive strategy for your own business. This state-of-the-art strategy will address both the ‘hard’ and ‘soft’ elements contributing to your successful business strategy – documented and available for use to solicit input, communicate direction and engage all relevant constituencies to support the high level goals and practical tasks required to make the strategy successful.
There are two specific deliverables from this course: a deeper conceptual understanding of the foundations and elements of strategy and a detailed strategy specific
to your own business.
The examples and templates provided will give you a framework to understand and complete. The process described will allow you and your team to think more deeply about where you are and where you want to go, design more creative and effective strategies to realize your higher order objectives as well as practical strategic, operational, organizational and financial goals.
The long term result is intended to be both a more effective (getting results desired) and efficient (low cost and high yield) strategy, coupled with a strengthened organization capable of thinking, and acting, in a manner to improve your results and increase the value of your business.
For each step in the process, there is an explanation, example and template for you to complete which can be found in the Coursebook.
Recommended Reading: A Step-by-step Approach to the Development and Presentation of World Class Business Strategy
Recommended Reading The Elements of Strategy: A Pocket Guide to the Essence of Successful Business Strategy
Your course progress
Course Modules
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Introduction and Preparation
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Good Process and Effective Leadership
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Foundations of Business Strategy
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Phase I: Diagnosis
- Point of Departure
- Portfolio and Profit Pool Perspective
- Competitive Perspective
- Business Dynamics
- Organizational Assessment
- Range of Strategic Options
- Selection of Strategic Option
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Phase II: Design
- The Promise: Vision, Mission and Values
- Key Levers on Performance and Value
- Innovation and Creativity
- Priorities and Resource Allocation
- New Organizational Approach
- Risk Management
- Target Results
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Phase III: Implementation
- Imperatives, Actions and Responsibilities
- Implementation Team
- Alignment and Integration
- Program Control
- Full Value Capture
- Leadership and Motivation
