COMPETITIVE STRATEGIES AND VALUE INNOVATION

Start
13/11/2019 10:00 AM
End
15/11/2019 4:00 PM
Address
The Professional Place 12B, Olumoroti Street, Gbagada Phase2, Gbagada, Lagos   View map
Phone
07034854045

150,000.00

COURSE COVERAGE

INTRODUCTION

This course introduces key concepts, tools, and principles of strategic management allowing managers to create their organization’s unique sustainable competitive advantage using differentiation, low cost, or focus strategies. The course also offers managers insight into the concepts, tools, and methodologies of the blue ocean strategy. Participants will learn the strategic logic behind creating blue oceans of uncontested market space and gain understanding into how this concept complements and goes beyond the traditional approaches to strategy.

Course Methodology

This program uses an interactive and cooperative learning methodology to actively engage participants into the most effective learning process by using lectures, participants-led presentations, extensive case studies and analysis, teamwork and brainstorming, and video segments followed by discussions.

Course Objectives

By the end of the course, participants will be able to:

  • Distinguish between low cost, differentiation, focus and best cost strategies
  • Implement low cost strategies in their organizations to gain cost advantages over rivals
  • Recognize and apply differentiation strategies in their organizations to gain differentiation advantages against rivals
  • Apply the basic concepts, tools and frameworks of blue ocean strategy to create a new market place
  • Explain how blue ocean strategy is ‘put into action’

Target Audience

Professionals, managers, and executives who are involved in influencing and supporting the business and functional level strategies of their organization

Target Competencies

  • Business acumen
  • Formulating a strategy
  • Planning at business and functional levels
  • Innovation and creativity
  • Critical thinking
  • Decision making

Course Outline

  • Introduction to competitive strategies
    • The three big strategic questions
    • Strategy and the quest for competitive advantage
    • Defining competitive strategy
    • The five generic competitive strategies
  • Low cost provider strategies
    • Objectives and key to success
    • Translating a low cost advantage into higher profits
    • Approaches to securing a cost advantage
      • Controlling cost drivers
      • Revamping the value chain
    • Keys to success in achieving low cost leadership
    • When does a low cost strategy work best
    • Pitfalls of low cost strategies
  • Differentiation provider strategies
    • Objectives and key to success
    • Benefits of a successful differentiation
    • Types of differentiation themes
    • Sustaining differentiation
    • Importance of perceived value
    • Signaling value as well as delivering value
    • When does a differentiation strategy work best
    • Pitfalls of differentiation strategies
  • Best cost and focus provider strategies
    • Objectives and key to success
    • When does a best cost strategy work best
    • Risks of a best cost strategy
    • Focus low cost and focus differentiation strategies
      • Objectives and key to success
      • Approaches to defining a market niche
      • When does a focus strategy work best
      • Risks of a focus strategy
    • Blue ocean strategy – the new market space
      • Red ocean versus blue ocean strategies
      • The impact of creating blue oceans
      • Value innovation: the cornerstone of blue ocean strategy
      • The six principles of a blue ocean strategy
      • Analytical tools and frameworks
        • The strategy canvas
        • The ‘eliminate-reduce-raise-create’ actions framework
        • Reading the value curves
      • Formulating a blue ocean strategy
        • Reconstructing market boundaries
        • Focusing on the big picture, not the numbers
        • Reaching beyond existing demand

Duration:  3 days

Class Session : 10:00am – 4:00pm each day including Breakfast and Lunch time

Customize Your Training

This training is currently available as residential/in-house option. If you prefer us to customize or have this training in-house at your location, kindly send your request via e-mail to:training@mctimothyassociates.com

Please Note

McTimothy Associates Reserves the right to postpone or cancel a course due to unforeseen circumstances beyond our control. In such cases delegate(s) will be registered for the next run of the Course.


Warning: file_get_contents(): http:// wrapper is disabled in the server configuration by allow_url_fopen=0 in /home/motimoth/public_html/wp-content/plugins/woo-events/shortcode/map.php on line 211

Warning: file_get_contents(http://maps.google.com/maps/api/geocode/json?address=The+Professional+Place+12B,+Olumoroti+Street,+Gbagada+Phase2,+Gbagada,+Lagos&sensor=false): failed to open stream: no suitable wrapper could be found in /home/motimoth/public_html/wp-content/plugins/woo-events/shortcode/map.php on line 211