Course Introduction
This intensive training program provides participants with advanced knowledge and practical tools in strategic management, with a special focus on creativity, forecasting, and superior strategic planning. The course emphasizes innovative approaches to decision-making, future-oriented thinking, and the integration of forecasting models into organizational strategies. Through case studies, group discussions, and practical exercises, participants will learn how to develop and implement robust strategies that enhance organizational resilience and long-term success.
Participants attending training course will develop the following competencies:
- Understand the value of strategic analysis for public sector organisations
- Learn how to transfer, adapt and apply best practice from the private sector
- Align public sector operations in support of the private sector
- Balance the requirements of economic development and business growth
- Make a significant contribution to preparing a strategic plan for their organization
Course Objectives
By the end of this course, participants will be able to:
- Understand the principles and frameworks of strategic management.
- Apply creative thinking and innovation techniques in strategic decision-making.
- Utilize modern forecasting tools and methods to anticipate trends and uncertainties.
- Develop superior strategic plans aligned with organizational goals and performance indicators.
- Enhance strategic agility and resilience through effective risk management.
- Implement and monitor strategic plans using advanced performance measurement systems.
Course Outline
Day 1: Foundations of Strategic Management
- Introduction to strategy and strategic management concepts
- Vision, mission, and values as the basis for strategy formulation
- Environmental analysis: internal and external scanning (SWOT, PESTEL, Porter’s Five Forces)
- The role of leadership in strategic management
Day 2: Creativity and Innovation in Strategy
- The importance of creativity in strategic thinking
- Methods to foster innovation in organizations
- Creative problem-solving models and design thinking
- Linking innovation to strategic competitiveness
Day 3: Strategic Forecasting Tools & Techniques
- Understanding strategic forecasting and its importance
- Quantitative methods: trend analysis, regression models, econometric forecasting
- Qualitative methods: Delphi method, expert judgment, scenario building
- Combining forecasting approaches for superior results
Day 4: Superior Strategic Planning & Risk Management
- Developing strategic goals, objectives, and KPIs
- The Balanced Scorecard as a strategic tool
- Linking strategic and operational plans
- Identifying and managing risks in strategic planning
- Scenario analysis and contingency planning
Day 5: Implementation, Control & Case Studies
- Strategy execution: aligning people, processes, and resources
- Monitoring and evaluating strategy implementation
- Strategic agility and continuous improvement
- Case studies: global best practices and lessons learned
- Group exercise: developing a superior strategic plan