STRATEGIC THINKING AND PLANNING MASTERCLASS

• Strategic thinking and planning
  • The strategic management process
  • Strategic thinking versus strategic planning
  • Benefiting from strategic management
  • Evolution of strategic models
  • Moving from strategy to organizational planning
• Analysis of the environment
  • The 5 Cs of strategic analysis
  • Porter’s 5 forces
  • Creating and capturing value
  • Conducting a ‘SWOT’ analysis
  • Plotting a ‘SWOT’ analysis
  • Fundamentals of ‘PEDESTL’ framework
• Vision, mission statements and values
  • Using vision and mission statements
  • Definition of vision
  • Definition of mission
  • Formulating vision and mission statements
  • Embracing organizational values
  • Communicating the vision, mission and values
• Assessing strategic choices
  • The 3 primary goals of competitive strategy
  • The strategy pyramid
  • Porter’s generic competitive strategies
  • Cost leadership strategy
  • Innovating in the industry value chain
  • Developing a competitive advantage
• Strategic objectives, KPIs and targets
  • Ensuring strategic alignment in the organization
  • Developing effective strategic objectives
  • Using the Balanced Scorecard (BSC)
  • Creating Critical Success Factors (CSFs)
  • Using Key Performance Indicators (KPIs)
  • Characteristics of the right KPIs
  • Developing different types of KPIs
  • Setting ‘SMART’ targets
• Developing operating plans
  • Cascading from vision to action plans
  • Criteria for effective action plans
  • Developing strategic initiatives
  • Operational KPIs and the triple constraints
  • Developing departmental plans
  • Managing the execution of strategy
  • KPI dashboard reporting

Barriers to strategy execution