Strategic Thinking and Business Planning Workshop

OBJECTIVES:
• Define the strategic planning and control process and its main components.
• Apply strategic thinking.
• Develop organizational and departmental strategies.
• use the strategy of the organization to determine Key Performance Indicators (KPIs).
• Utilize KPIs to draft an organizational balanced scorecard.
• Convert a strategic plan to an operatng plan.
CONTENT
Strategic Management and Strategic Thinking
• Evaluation of Strategic Management
• Strategic Thinking versus Strategic Planning
• The Strategic Planning and Control Process
• Benefits of Strategic Management

Analysis of the Environment
• Results of the Analysis
• The SWOT Analysis
• Participation in SWOT Analysis
• List of Critical Issues
• Benefits and Pitfalls

Vision and Mission Statements
• Why Vision and Mission Statements
• What is a Vision? What is a Mission?
• Benefits of Statements
• How Vision and Mission Statements are Formulated
• A Checklist for a Complete Mission Statement
• Strategic Goals and Critical Success Factors
• Key Result Areas
• Communicating the Vision and Mission

Goals, Objectives and Creative Strategies
• Goals, Objectives and Targets
• Financial versus Non-Financial Objectives
• The Use of Key Result Areas
• Adopting Effective Strategies

Developing Operating Plans
• From Vision to Action Plan
• The How-How Technique to Develop Plans
• Criteria of Effective Action Plans
• Linking Goals, Strategies, Action Plans and Budgets
• Developing Departmental Plans

Developing Control Systems and Performance Measures
• Approaches to Control
• Using Key Result Areas (KRAs) to Create Key Performance Indicators (KPl’s)
• Setting Targets
• The Balanced Scorecard
• Overcoming Barriers to the Implementation of Strategic Management

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 28th – 30th Apr, 2025
2ND BATCH: 12th – 15th Aug, 2025
3RD BATCH: 9th – 12th Dec, 2025