Course Description:

The ability to understand and develop a strategic, as well as a tactical, approach is now expected of a much wider spectrum of managers. Its application is not limited to the broad organizational objectives, but to the development of specific projects and the progress of operating units. This course explains the concept of strategic management and financial planning in the context of the business and individual operating unit. It includes case studies to enhance understanding, and to illustrate how individual contribution works in strategic terms.

Course Goal:

To enhance the participant’s Knowledge, Abilities and Skills necessary to successfully apply the concept and principles of strategic management and financial planning

Course Objectives:

By the end of this course, the participant will be able to:

    1.  Understand the difference between a business plan and a strategic plan

2. Understand how the business plan relates to external and internal factors
3. Understand strategic planning process
4. Understand the power of a strategic vision
5. Understand the role of leadership, power, culture & human dynamics in successful planning
6. Develop creativity method in work place (Critical Thinking)
7. Understand the Six Thinking Hats
8. Highlight the Relationship between Strategic Management and Financial Planning and how these can be integrated, to enhance Company’s overall Performance

Course Outline:

•   The Strategic Management Process:

1.       An Introduction

2.       The Three Strategy-Making Tasks (Vision/ Mission, Objectives, Strategic Choice)

3.       Industry and Competitive Analysis

4.       Company Situation Analysis

5.       Strategy and Competitive Advantage

6.       Matching Strategy to a Company’s Situation

7.       Corporate Diversification Strategies

8.       Strategic Analysis of Diversified Companies

9.       Implementing Strategy: Core Competencies, Reengineering, and Structure

10.   Implementing Strategy: Budgets, Policies, Best Practices, Support Systems, and Rewards

11.   Implementing Strategy: Culture and Leadership

•  Financial Planning:

1.       Introduction

2.       Layout and Purpose

3.       Trends of Revenue and Profits

4.       Capital Investments

5.       Cash Flows and Financing Requirements

6.       Key Statistics

7.       Risk Analysis

8.       Breakdown of Business Unit/Product/Geography

9.       Financial Position