Advanced Strategic Management

Formulating Strategy to Achieve Vision

• Agree vision, mission, culture and values of the  organisation
• Analyse where organisation is now
• Decide where the organisation wants to be, and by when
• Selecting best strategic options to get there

Structures, Processes and Procedures

• Costing techniques and margin management
• Resource allocation and balancing priorities
• Creating systems to monitor effectiveness of implementation
  
  

Measurement and Reporting

• Setting long-term goals and manageable short-term targets
• Building contingencies into the strategy
• Measuring at clearly-defined milestones
• Reporting and incorporating feed-back

Stakeholder Identification

• Identify stakeholders who affects or affect the strategy
• Encourage stakeholder ownership through involvement in strategy creation
• Clarify benefits and implications to stakeholder
• Turn resistance into support

Systematic Strategic Communication

• Clear, concise and relevant messages
• Identify and use a variety of methods and channels
• Gain commitment through frequent communication

Leadership and Strategic Decision-Making

• Importance of leadership in implementing effective strategies
• High-profile leadership which inspires and motivates
• Decisive, speedy and consistent decision-making
• Persistent follow-through on all decisions

Risk and Crisis Management

• Strategic flexibility to respond to internal and external changes
• Prevent issues becoming risks then turning into crises
• Create, practise and implementing risk plans

Prevent Failure of Strategies

• Recruit and retention of the right people
• Clarify and communicate roles and responsibilities
• Encourage creative problem-solving and conflict resolution
• Promote unity within teams and harmony between teams

Skills for Success

• Effective communication
• Delegation to increase productivity
• Negotiation and influencing skills for a win-win for all
• Effective Time management to maximum results