TRANSFORM STRATEGY TO RESULTS IN TODAY HIGHLY COMPETITIVE MARKET

TRANSFORM STRATEGY TO RESULTS IN TODAY HIGHLY COMPETITIVE MARKET

SYNOPSIS

Effective strategy formulation skills are highly prized in corporate leaders and they are absolutely essential during hard times. To transform strategy to results, your team need to develop operational business strategies from plan to action. It is a dynamic process where it demands your team to know precisely where you are and where you want to head to at uncertain and complicated times.  Global connectivity, smart machines, new media and the evolution of governance are just some of the key drivers reshaping the expectations of all stakeholders. The key drivers will affect every business owner and the finance functions. This course will take you through the strategic planning process with appropriate useful tools, techniques, ideas and mindset for every stage to enhance your strategic thinking skills.

LEARNING OBJECTIVES

Over the two days you will cover the following:

• define what 'strategic' means
• use the strategic planning process to help you make choices about the future nature and direction of your organisation
• assess the benefits and risks of strategic planning
• prepare for the planning process including developing a project plan and identifying your stakeholders
• the value of stakeholder involvement at every phase
• undertake a strategic review to determine ‘where are we now?' including stakeholder research, collaborator/competitor analysis and understanding when and how to use analytical tools such as SWOT, PEST and Plan, Do , Check and Act.
• think about the relationship between outputs, outcomes and impact
• identify strategic direction
• take a fresh look at what your organisation is, what it does, and why
• clarify mission, vision, values and direction of travel
• recognise the relationship between organisation strategy and brand identity, and aligning the two
• recognise how the findings of the review will impact on the organisation's strategic direction
• set strategic objectives
• establish success criteria
• list priority areas for action and developing objectives
• apply SMART strategic thinking skills
• use outcomes-based tools
• implement the strategy
• understand the key factors involved in implementing strategy
• use action planning tools such as logical frame working, action planning grids and planning wheels
• communicate your strategic plan
• undertake effective monitoring and evaluation
• understand the difference between monitoring, evaluation and impact assessment
• identify the indicators, and how to measure their achievement
• recognise emergent approaches to monitoring and evaluation such as participatory, real-time, balanced scorecard
• Nurturing a relationship by connecting between people, Ideas and plans

COURSE METHODOLOGY

This workshop will be conducted through lectures, discussions, real cases, articles, games and video presentation. The methodology built in this workshop will help participants to understand and develop strategic planning skills and to apply what they have learned on a real-life work environment enabling organizations to obtain value for money.

COURSE OUTLINE

Day I

Icebreaker

MODULE: 1

Strategic Planning

What is strategic planning?

How should business approach their strategic planning?

What are the attributes of a Good Planning Framework?

Lead-Think-Plan-Act

What are the steps in Strategic Planning and Management?

Understand the differences between capabilities and competencies

Deliver Organizational results through 4Ds

What are 4Ds?

Define Vision, Mission, Value and Strategy

Direct Team & Resources

Develop Team & Individual

How these 4Ds are being employed through People & Process?

MODULE: 2

From Insightful information to influence and Impact

What organizational decision makers are looking for?

What strategic questions that must be answered?
How to develop new skills and competencies to deliver increased value?

Metric measurements, how to develop and use them?

MODULE: 3

Setting Strategic Direction

What is Mission?

What is Vision?

What is Strategic?

What’s the link and relationship between all these key ingredients?

What are the 5 steps approaches?

What are the factors that caused the strategy to fail?

MODULE: 4

What are the New Skills and Competencies required?

Excellent analytical skills in terms of financial, market, statistical and sophisticated modelling techniques

Use of multi-discipline team approach

To integrate inputs from diverse non-financial sources

Back by strong commercial acumen characterised by strong product, process and market knowledge
Adopt best practices
How to apply new strategic tools to create value for the company by looking beyond financial statements
How to effectively employ the new strategic tools and technique? 

Games

Sum up / Q & A / Discussion

Day II

MODULE: 5

Higher Order Thinking Skills

What is higher Thinking Skills?

Why it is important?

How can it help?

What is Creative?

What is Innovation?

How are they related?

Evaluation and control

How much progress has been made in accomplishing the task?

What is preventing us from moving forward?

What adjustments should be made to the initial operating plan?

Is there a need to revise the strategic objectives?

Games

MODULE: 6

The strategic role of finance function

Transformation from Transactional function

The expanding field of play in finance

What are the strategic involvements?

The challenges for finance function

How the finance team is driving and influencing organizational strategy?

Finance professionals and decision making in-

a.     Enhancing Shareholders’ value,

b.     Understanding their role in the big picture

c.     Pursuit of Perfection (concept and uses) through Lean Principles and Practices

Games

MODULE: 7

Key Challenges and Opportunities

The Rise of complex challenges

Change is certain & how to embrace change mind-set? Discussion

How to reinvigorate growth and prosperity through 4 Vs?

What are 4Vs?

The relationship between Vision, Values, Voice and Virtue)

Why and how to focus on new opportunities & priorities
How to learn, Unlearn and relearn

MODULE: 8

Focus Area & Priorities

What are the Key challenges and opportunities?

Higher order thinking skill;

Challenge Mastery and to have breakthrough results

Creative imagination

Understand the true key drivers

Games

Sum Up/ Q & A

Key take-back messages

END OF DAY 2