Management Course

ML.5: Advanced Strategic Management

ML.5: ADVANCED STRATEGIC MANAGEMENT

Accredited by: LONDON INSTITUTE OF SKILLS DEVELOPMENT SIGNATURE PROGRAMME

Overview

Today’s successful senior manager is expected to create, manage and implement strategy effectively and efficiently to achieve an organisation’s vision. Our LISD Certified Advanced Strategic Management training course utilises the sound understanding at managerial level to build on their experience and develop their talents and skills to achieve this objective.

The detailed ONE- week schedule includes strategic planning and its tools, implementing a strategy, budgeting and costing, developing effective systems and processes, managing people, managing change and managing risk. The wide-range of teaching styles of this dynamic, interactive training, uses up-to- date approaches, methods and techniques. This ensures the delegates learn in a way which is adapted to individual learning styles and requirements. Delegates work on and develop their personal learning outcomes throughout the training and understand how to apply practical lessons they have learned.

Course Code:ML-5
Subject:Advanced Strategic Management
Course Fee:£595
Duration:1 Week
Venue:London School of Economics, U.K

Who should attend?

  • Heads of Department
  • Senior Managers
  • Fresh Graduates
  • MBA students
  • Keen learners to Target a Promising Position in a reputable organization

Learning Objectives

By the end of the course delegates will be able to:

  • Understand and create strategies which will enable an organisation to achieve its vision, goals and objectives
  • Develop supporting systems and structures to underpin and ensure the success of all strategies
  • Apply relevant measures of progress to enable action to be taken to overcome any challenges to the implementation of the strategies
  • Generate commitment from all stakeholders to increase strength of support for the successful implementation of the strategic plan
  • Identify and use the key approaches and methods of communication to ensure transparency and openness
  • Appreciate how important leadership is in the management and implementation of strategies and incorporate this knowledge in future strategic planning
  • Anticipate and evaluate likely and unlikely risks and incorporate this analysis into strategic management, while enabling a quick and flexible response to internal and external changes
  • Identify those factors which contribute to the failure of the majority of all strategies and prevent or overcome those
  • Revise, refresh and develop those key strategic management skills which enable strategic plans to be implemented effectively

Course Content

Formulating Strategy to Achieve Vision

  • Agree vision, mission, culture and values of organisation
  • Analyse where organisation is now
  • Decide where the organisation wants to be, and by when
  • Selecting best strategic options to get there

Structures, Processes and Procedures

  • Budget creation, monitoring and control
  • Costing techniques and margin management
  • Resource allocation and balancing priorities
  • Creating systems to monitor effectiveness of implementation

Measurement and Reporting

  • Setting long-term goals and manageable short-term targets
  • Building contingencies into the strategy
  • Measuring at clearly-defined milestones
  • Reporting and incorporating feed-back

Stakeholder Identification

  • Identify who affects or is affected by proposed strategy (stakeholders)
  • Encourage stakeholder ownership through involvement in strategy creation
  • Clarify benefits and implications for each group of stakeholders
  • Turn resistance into support

Systematic Strategic Communication

  • Two-way communication for stakeholders to inform and be informed
  • Clear, concise and relevant messages from the best messenger
  • Identify and use a variety of methods and channels
  • Gain commitment through frequency of communication

Leadership and Strategic Decision-Making

  • Importance of leadership in implementing successful strategies
  • High-profile leadership which inspires and motivates
  • Decisive, speedy and consistent decision-making
  • Persistent follow-through on all decisions to produce results

Risk and Crisis Management

  • Identify all risks, evaluate potential impact and mitigate accordingly
  • Incorporate strategic flexibility to respond to internal and external changes and pressures
  • Prevent issues becoming risks then turning into crises
  • Create, practise and be prepared to implement crisis plans

Prevent Failure of Strategies

  • Recruit and retain people with appropriate skills, experience and track record
  • Clarify and communicate roles and responsibilities
  • Encourage creative problem-solving and constructive conflict resolution
  • Promote unity within teams and harmony between teams

Skills for Success

  • Communication, including: presentations, meetings, oral, listening, body language and written
  • Delegation to increase productivity
  • Negotiation and influencing skills for a win-win for all
  • Time management for minimum effort to produce maximum results