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Strategic Decision Making - Training courseStrategic Decision Making

London and UK wide

Face to face / Online public schedule & onsite training. Restaurant lunch included at STL venues.

Who is this course for?

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.

Benefits

Delegates will gain a grounding in the core concepts of strategic thinking, develop a model for the journey from a current to a future position and gain awareness of the impact of external and internal factors in an organisation upon individual and team decision-making.

Course Syllabus

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

"What do I get on the day?"

Arguably, the most experienced and highest motivated trainers.

Face-to-face training

lunch

Training is held in our modern, comfortable, air-conditioned suites.

Lunch, breaks and timing

A hot lunch is provided at local restaurants near our venues:

  • Bloomsbury
  • Limehouse

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).

Refreshments

Available throughout the day:

  • Hot beverages
  • Clean, filtered water
  • Biscuits

Online training

online training (virtual)

Regular breaks throughout the day.

Learning tools

in-course handbook

In-course handbook

Contains unit objectives, exercises and space to write notes

24 months access to trainers

Your questions answered on our support forum.

What to expect when training

Training Formats & Services

  • On a public schedule at one of our
    London training venues.
  • On-site at your company office UK wide
  • Near-site, at a location close to you
  • Tailored courses to your requirements
  • Productivity Training Programs
  • Consultancy
  • Bespoke one-to-one
  • Rollout
  • TNA
  • Upgrade
  • Case studies

The British Academy

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Peris Thuo,
Deputy Head Of ECR Network

Tony was helpful, knowledgeable and personable

SLC Representation

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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

Greater London Authority

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Bevis Allen,
Senior Programme Manager

Excellent course. The personal analogies that Dennis shared also helped bring the subject to life.

More testimonials

Public schedule dates

Next date Location Price
Thu 23 OctOnline£446
Thu 22 JanOnline£495
Mon 16 FebBloomsbury £495
Thu 23 AprOnline£495
Mon 18 MayLimehouse £495
Thu 23 JulOnline£495

And 5 more dates...

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Training manual sample

Below are some extracts from our Strategic Decision Making manual.

What is Business Strategy?

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.

What constitutes a “strategy”?

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.

Defining Strategy

“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.


Benefits of Strategy

A clear and effective strategy can provide many benefits to understanding your business:

Success and Weakness

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.

Concentrating Resources

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. 

Customer Loyalty

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.

Markets

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.

Developing Internal Organisations

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.

Meaning and Purpose

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.

Measuring Progress

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


Choosing a Strategy

When developing a strategy you must consider:

       ·          Your target customer

       ·          Your products and services

       ·          Efficiency


Avoiding Difficulties

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

Unique Strategic Position (USP)

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.

Availability of Resources

Because resources are limited, realistic decisions about how to utilise them for maximum benefit should always be made.

Values and Incentives

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.

Emotional Commitment

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.

Be Open to Ideas

Ideas can come from anyone, at any time, from anywhere within the business.


 

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