Introduction:

Effective strategy formulation skills are highly valued in corporate leaders. The ability to develop and evaluate operational business strategies and then monitor those business strategies from plan to action is the main effective role of the Board of Directors. Forward-looking strategy formulation can make the difference between a successful profitable business and one that stagnates.
In this course, the entire strategic planning process, and the role of Board of Directors in setting the organization strategy is covered in detail from the basics of strategy formulation to the implementation of business strategies in the “real world” to setting key performance indicators _ KPIs and early signals to evaluate and monitor the organization performance. 

Objectives:

  • Understand Strategic Leadership Principles
  • Explore the fundamental concepts and theories of strategic leadership and its impact on organizational success.
  • Develop Strategic Thinking Skills
  • Enhance the ability to analyze complex situations, identify opportunities, and create innovative strategies.
  • Master Decision-Making Techniques
  • Learn effective decision-making processes and frameworks to make informed and timely choices.
  • Foster Organizational Culture
  • Understand the role of organizational culture in shaping behaviors and driving performance, and develop strategies to cultivate a positive culture.
  • Implement Change Management Strategies
  • Learn how to effectively lead change initiatives, manage resistance, and engage stakeholders throughout the change process.
  • Communicate a Compelling Vision
  • Develop communication skills to articulate a clear and inspiring vision that aligns teams with organizational goals.
  • Assess and Evaluate Strategic Performance
  • Use metrics and key performance indicators (KPIs) to evaluate the effectiveness of strategic initiatives and make data-driven adjustments.

Course Outline:

Module 1:  Fundamentals of Strategic Leadership

  • Role of the board of directors in setting strategy
  • Importance of strategic planning
  • Defining the strategic planning process
  • Stakeholders’ analysis and contribution

Module 2:  Addressing organizational Vision and Mission

  • Identifying organizational core competencies
  • Addressing stakeholders’ expectations
  • Formulating organizational vision
  • Articulating organizational mission statement

Module 3:  Performing Situational Analysis

  • Analyzing Internal and external environment
  • Detecting Opportunities and Threats
  • Recognizing Strengths and Weaknesses
  • Identifying competitive differentiators
  • Conducting Gap Analysis

Module 4:  Performance Management

  • Determining organizational objectives 
  • Setting Key performance indicators (KPIs) 
  • Role of the board in performance assessment
  • Using performance management tools

Module 5:  Risk Management

  • Role of the board in managing organizational risks
  • Determining organizational risks 
  • Classifying organizational risks 
  • Organizational risks Mitigation