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Fundamentals in Strategic Business Planning and Execution
Rating: 4.0 out of 5(2 ratings)
3 students

Fundamentals in Strategic Business Planning and Execution

Commonly encountered Terms and Concepts in Business Strategy
Created byPramod Kesav N
Last updated 1/2022
English
English [Auto],

What you'll learn

  • Explanations on Commonly used terms in Corporate Strategic Planning are given with examples where-ever necessary
  • Commonly used Concepts are explained under Corporate Strategic Planning
  • One of the core Competitive Analysis, SWOT Analysis is explained with diagrammatic representation.
  • Basic Concepts and Terms are explained by virtue of Visual Presentation under subject Corporate Strategic Planning.

Explore related topics

Course content

3 sections • 20 lectures • 1h 27m total length

  • Corporate Strategic Planning - Lecture9:55

    Explore corporate strategic planning and management, including strategic decision making, strategic trust, and strategic alliances. Examine mission and vision statements, SWOT analysis, goals, and operational plans for competitive advantage.

  • Corporate Strategic Planning2:10
  • Strategy Planning - Lecture7:26

    Explore how strategic planning defines an organization's direction, vision, and long-term objectives, guiding top management from formulation to implementation, with coordination to align tactical and operational plans.

  • Strategy Planning1:26
  • Strategic Management - Lecture6:21

    Explore how strategic management evolves from planning through external and internal analysis to craft unified, organization-wide plans that align mission, goals, and operations for sustainable success.

  • Strategic Management2:02
  • Strategic Decision Making - Lecture8:28

    Strategic decision making selects the best alternatives, aligns rational thinking with organizational goals, and navigates uncertainty, bias, and information overload while distinguishing strategic, administrative, and operational decisions.

  • Strategic Decision Making2:01
  • Strategic Thrust - Lecture7:10

    Strategic trust shapes objectives and guides strategic options and initiatives arising from strategic vision to modify the business model and achieve organizational goals.

  • Strategic Thrust2:38
  • Strategic Alliance - Lecture5:33

    Discover how strategic alliances let two or more firms achieve goals they cannot alone. Explore strategic, economic, organizational, and political advantages from resource sharing and cross-border collaboration.

  • Strategic Alliance1:50
  • Retrenchment Strategies - Lecture2:55

    Apply retrenchment strategies as a short-term renewal to overcome weakness, starting with cost-cutting like layoffs, and choose among liquidation, turnaround, or divestment to address declining prospects.

  • Retrenchment Strategies1:04
  • Competitive Advantage - Lecture5:09

    Explore competitive advantage and sustainable competitive advantage through cost leadership, differentiation, and focus, with examples from Wal-Mart and Apple, and roles of economies of scale, barriers to entry, and management.

  • Competitive Advantage1:43

Requirements

  • Professional Learner or Student is expected to have taken a basic course on Principles of Management.

Description

This course, Fundamentals in Strategic Business Planning and Execution is a basic level course on Corporate planning and basically explains the commonly used terms and concepts in Corporate Strategic Planning.

Corporate Strategic Planning terms are explained with the help of Video lectures with adequate explanation given on fundamental concepts in Strategy Management.

Terms such as Strategy Management, Decision Making, Strategy Thrust, Strategic Alliance are explained with the help of diagrams, textual representation and the like where, the Learner is kept abreast, in mastering the concepts and terms in a gradual progression of ideas and facts.

Concepts around Strategic Thrust or Objectives creation, is explained in such a manner that the Learner understands the importance of its usage in Corporate Strategy Planning.

SWOT Analysis is attempted in Competitive Analysis where the SWOT Analysis is extended to include Mini-Maxi iterations of strategy from the different combinations of Internal and External Factors.

The purpose of this course is to make the Learner more efficient and effective as persons and strategic consultants where they understand the importance of the different strategic terms and concepts.

It may be helpful to Managers who may undertake basic functions or activities arising out of a strategic initiative and enables them to work well in Operational Floors and in fulfilling strategic or tactical initiatives undertaken by the firm.

This course can be taken by people or learners in all kind of organizations, not just business firms and is quite relevant in non-profit organizations such as in government, healthcare, non-profit enterprises and educational institutions.

Who this course is for:

  • Learners who are curious to take up a course on Strategy Management.
  • Learners who are interested to take up a basic level course on Corporate Strategy.

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