ADVANCE STRATEGIC MANAGEMENT

Course Overview

Strategic Management involves identifying and clearly defining the strategies that managers and leaders can implement to achieve improved performance and gain a competitive advantage for their organization. An organization is considered to have a competitive, sustainable, and economic advantage when its profitability surpasses the average profitability of all companies in its industry.

The significance of Strategic Management lies in it being a collection of decisions and actions undertaken by a manager, influencing the outcomes of the firm's performance. For effective decision-making, the manager must possess a thorough understanding and analysis of both the overall and competitive organizational environment.

Objective

• Learn how to induce synergy into their respective organizations by encouraging networking, collaboration, participation and ultimately organizational synergy via the accumulation of strategic capital and acumen

• Discover how to collate strategic acumen in relation to ascertaining best-case scenarios to implement an optimal strategy for your organization

• Compile situation-specific business cases for the subsequent implementation of strategic plans

• Understand your legal obligations in terms of strategic planning, implementation and execution

• Learn how to enforce provisions encapsulated in strategic plans in the event of non-compliance

• Recognise how to spot common errors when reviewing strategic plans

• Take preventive and protective control measures to ensure maximum participation in strategic planning processes for your organization