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Strategy Formulation and Execution

“Develop strategic thinkers throughout your organization.
It’s the single most important skill a leader needs.”  
Robert Kabacoff, FEBRUARY 7, 2014, Harvard Business Review

 

Today, many leaders do not have enough time to devote to developing, measuring and executing business development strategies. As a result, the organizations may lose their long-term competitive advantages while focusing only on the urgent operational issues. Another common issue is the lack of time, tools and resources to execute and update the strategies. With this course we aim to develop effective strategic thinking skills among the organization. 
Strategic thinking is the first step towards gaining better positions on the market and achieving sustainable business results (profit). Balanced scorecard (BSC) as a strategic planning and performance management methodology supports an organization to translate its vision and strategy into measurable business objectives, to effectively align its structures to the strategy and to continuously measure performance against strategic objectives. As a result, the organization is able to achieve better results over the long run and continuously improve its business.

 

STRATEGIC THINKING: Define Business Strategy and Translate it into Operational Terms Workshop

This three-day workshop covers effective strategic thinking techniques based on the classical perspectives of BSC, developed by Kaplan and Norton, and also discusses the strategy development in different organizations taking into account the best practices in the area such as Palladium Execution Premium Process™ (XPP) and The Digital Playbook by David Roger.
The training is based on practical examples of strategy development in ICT intensive organizations. 
Participants will be able to gain knowledge and skills how to formulate an effective strategy, what are the key principles of strategy translation into operational terms and how to measure and analyse the strategy success during the implementation process. More over during the facilitated exercises, which consist s about 1/3 of the training time, participants will be able to develop strategic framework and KPIs for the execution of their initiatives.
The facilitator will demonstrate a strategic implementation roadmap and the group will discuss the resources, time and commitment needed for the strategy implementation.

Schedule 

Seats for public courses available for 3.07.2019 and 10.9.2019. Book your seat at via(at)esicenter(dot)bg.

Who should attend

Managers and experts involved in the formulation, execution and/or measurement of the results of the organizational strategy.

Agenda

•    Strategic thinking as a tool for achieving business success
•    Define a strategy 
    -    Criteria for Mission, Vision and Values
    -    Strategic Intent 
    -    Strategy Formulation Techniques
•    Exercise:Strategy formulation
    -    Design a strategic map with linked objectives
    -    Enhance vision with themes
    -    Position objectives in the strategic perspectives: Financial, 
•    Finance, Customer, Process, Knowledge and Growth
•    Exercise: Create a strategic map
•    Build Balanced Scorecard
    -    Define measures and targets
    -    Plan initiatives
    -    Prioritize initiatives and plan projects
•    Exercise: Define measures & targets; plan initiatives