Face to face / Online public schedule & onsite training. Restaurant lunch included at STL venues.
(3920 reviews, see all 104,524 testimonials) |
From £446 List price £650
This course would be suitable for Managers, Supervisors, Project Leaders and Team Leaders involved in medium to long-term business planning and interested in developing their skills to address the scope and nature of their decision-making.
Decisions and Strategies
Making a distinction between decisions and problems
Defining Strategy
A strategic model
Finding solutions
Analytical techniques
Creative thinking
Aligning outcomes with priorities
Making the decision
Communicating decisions
Reflecting the styles of the organisation and management
Matching the medium to the message
Incorporating evaluation and feedback
The wider context
Collaboration techniques
Team decision making
Taking things forward
Action planning
Arguably, the most experienced and highest motivated trainers.
Training is held in our modern, comfortable, air-conditioned suites.
A hot lunch is provided at local restaurants near our venues:
Courses start at 9:30am.
Please aim to be with us for 9:15am.
Browse the sample menus and view joining information (how to get to our venues).
Available throughout the day:
Regular breaks throughout the day.
Contains unit objectives, exercises and space to write notes
Your questions answered on our support forum.
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Greater London Authority
Bevis Allen,
Senior Programme Manager
Excellent course. The personal analogies that Dennis shared also helped bring the subject to life.
Strategic Decision Making
The British Academy
Peris Thuo,
Deputy Head Of ECR Network
Tony was helpful, knowledgeable and personable
Strategic Decision Making
SLC Representation
Deborah Pearce,
Managing Director
My account manager calls each quarter and stays in touch with regard to courses available- this is really helpful to ensure we are managing our teams learning effectively
Strategic Decision Making
Next date | Location | Price |
---|---|---|
Thu 23 Oct | Online | £446 |
Thu 22 Jan | Online | £495 |
Mon 16 Feb | Bloomsbury | £495 |
Thu 23 Apr | Online | £495 |
Mon 18 May | Limehouse | £495 |
Thu 23 Jul | Online | £495 |
And 5 more dates...
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Excellent
FMB Oxford Ltd
Ray P
Introduction to Management
"I have found this training course an inspiration and I know it will be a real benefit to me in my working and personal life."
Tutorials and discussions on MS Office
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Below are some extracts from our Strategic Decision Making manual.
Business strategy is the plans, choices and decisions used to
ensure a company is successful and profitable.
A strategy that is carefully considered provides the
motivation for commercial success.
Weaker, misunderstood strategies may lead to business failure.
To develop business, it is important to understand what
constitutes a “strategy”. Not all plans and decisions are strategic. Most
involve implementing strategy, rather than setting it.
Strategy should be clear and effectively communicated to everyone
concerned with its execution, including employees, shareholders and other
stakeholders.
“Strategy is a pattern in a stream of decisions” — Henry
Mintzberg
Strategy is about shaping the future. In the process, we are
involved in making decisions. Where the outcomes are not really in our control,
the quality of the decisions taken is within our remit.
To achieve the best decisions, our process demands high
quality, consistency and great care to consider the influences that affect our
decision making.
A clear and effective strategy can provide many benefits to
understanding your business:
Focusing on strategy highlights areas of success and
weakness within the business. The
information can be used to identify which areas are making money and why,
providing valuable insight to assist with growing cash flow, building profits
and increasing shareholder value.
Strategy is a good indicator as to where resources should be
concentrated. It allows managers to understand the needs, patterns and
requirements of their customers – enabling them to develop products and
services in line with its customers’ ever shifting preferences. In addition, it
provides crucial information about their competitors.
Developing and implementing a strategy
can strengthen a business, as it makes sure resources are dedicated to the most
important customers. This is a positive way to retain their loyalty and get
them to buy even more of the products and services.
Product extensions, i.e. new products based on existing ones, changes to product mix/complimentary merchandise or services, prices adjustment or cost cutting, and product/market abandonment are all areas that can be highlighted by strategy.
Managers can use their strategy to identify
where business skills need to be added or strengthened. Additionally, it can
show how to improve productivity and why certain activities were successful or ineffective.
Ultimately, a clear strategy gives a company the drive and focus needed to
develop the culture, skills and attitude of its employees required to meet the
needs of its customers.
A strategy should offer guidance on
the factors that may influence future decisions, priorities and working method with
respect to the employees. Intangible and valuable contributions can be made to
employee commitment, performance, output, engagement and creativity. People
like to do meaningful work which has purpose. They work better and achieve more
if they believe in what they are doing and have clear direction and leadership.
Insecurity and doubt may lead to tension or lack of confidence and is not conducive
to personal improvement or business success.
A strategy can be used to measure
how the business is progressing. Short term performance can be masked by events
like recession, floods, bad weather, fires etc. This can blur the reality of
how a business is performing and whether the right approach, direction and
execution method has been taken.
Overall, a strategy
must appeal to and benefit the customer if it is to be successful.
Strategy is not…
·
Vision or mission
·
A goal, budget or business plan
·
Data analysis
When developing a strategy you must consider:
·
Your target customer
·
Your products and services
·
Efficiency
All businesses need some form of strategy,
which should be reviewed and revised in light of environmental changes. Lack of
understanding and clarity can result in difficulties for the business.
To reduce such risks, strategies need to
be:
·
clear
·
simple
·
compelling
It is crucial to choose a USP from the
many available. The focus must be on target customers and business value
proposition i.e. how attractive they will find your offer. The two should be
connected as efficiently as possible.
Because resources are limited, realistic
decisions about how to utilise them for maximum benefit should always be made.
It is important to base strategy on the
reality of the external and internal environment. External factors include
regulatory developments, demographics, economic growth and political stability.
The emotional commitment from all
stakeholders is needed to ensure the success of any strategy. Therefore, it is
important for the strategy to be explained to, and understood by, the whole
organisation.
Ideas can come from anyone, at any time,
from anywhere within the business.
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