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Business Analysis, Decision Making and Developing a Strategy

Classroom based course with study materials, lecturer support and CPD Hours included

London Training For Excellence

Summary

Price
£3,960 inc VAT
Study method
Online
Duration
5 days · Self-paced
Qualification
No formal qualification
Additional info
  • Tutor is available to students
6 students enquired about this course

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Overview

Effective strategic analysis, strategic decision-making and translating those decisions into a strategy that can be communicated and planned is essential to the future success of any organization. In this programme you will learn how to: • Focus on core tools for strategic analysis and how to use them effectively to make strategic decisions • Develop a strategy that can guide your firm into the future. • Examine best practice models from other industries and also apply the techniques learned in their own industries

Description

Day 1 - Analysing the competitive environment and firm positioning

  • Introduction to environmental analysis tools – PESTLE, Five forces analysis, Industry life cycle analysis and Strategic group analysis
  • Identifying trends affecting an industry
  • Identifying the state of competition within an industry, the key competitors and the key competitive positions
  • Identifying key success factors in an industry
  • Case study analysis applying these concepts
  • Applying these concepts to your firm

Day 2 - Analyzing the resources and competences underlying competitive advantage

  • Introduction to organizational analysis tools – Resource auditing,
    Core competences, Value chain analysis
  • Mapping how organizational resources and competences strengthen or detract from a firm’s competitive position
  • Case analysis: Undertaking a resource, competence and value chain analysis for firms in different competitive positions
  • Applying these concepts to your firm

Day 3 - Developing strategic options

  • Introduction to tools for developing strategic options – Portfolio analysis, Product/Market analysis, Protecting current advantage
  • Developing a range of strategic options
  • Evaluating options and making strategic choices
  • Ensuring that strategic options fit the competitive environment, your firm’s competitive position and develop sustainable competitive advantage
  • Case analysis

Day 4 - The strategic decision making process

  • Understanding the key characteristics of effective strategic decision making
  • Understanding common traps in strategic decision making – hubris, over-reach, overly consensual
  • Introduction to a range of tools for improving strategic decision making – Dialectic inquiry, Devil’s advocacy, Scenario building techniques
  • Analyzing the strategic decision making process in your firm, business division, or work group
  • Developing a guideline for improving decision making in your firm, business division, or work group

Day 5 - Pulling strategic analysis and decision-making together in a strategy

  • Identifying your core business proposition
  • Developing a vision and mission statement for your core business proposition
  • Identifying the key strategic priorities that your firm needs to meet
  • Developing strategic objectives

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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