What you'll learn

• Make informed strategic decision
• Inspire and direct your team to greater readiness and competitiveness
• Use strategic thinking to add value to your organization
• Understand the needs and expectations of your customers to decide the future course of action
• Anticipate and innovate strategies to link strategic vision to core capabilities
• Recognize opportunities to influence and create strategic alliances
• Use strategic thinking to identify key strengths and weaknesses in your work group
• Encourage and support risk taking and innovation at all levels
• Develop persuasive skills to sell your strategic ideas

Course content

5 sections • 83 lectures • 1h 57m total length

Introduction0:08
Introduce strategic planning skills and set the foundation for effective planning in this course module.
Course Introduction2:09
Instructor Introduction1:23

Preparing for the Strategic Planning Process1:06
Set the Parameters for the Strategic Planning Process0:34
Set the parameters for the strategic planning process to tailor the approach to your organization and ensure timely, effective management. Explore the preliminary planning phase and stakeholders.
Set the Parameters2:14
Preliminary Planning Phase3:16
Stakeholder1:54
Identify stakeholders—including owners, partners, investors, management, and customers—and secure executive buy-in, with the chief executive officer, chief operating officer, and chief financial officer guiding involvement to ensure smooth implementation.
Real Life Story2:29
How to Set the Parameters for the Strategic Planning Process1:42
Setting the Parameters for a Strategic Plan - Assessment Activity0:58
Establish a Committee0:20
Strategic Planning Committee2:58
How to Establish a Committee1:49
Establish a committee with executive sponsorship and employee buy-in; appoint owners and management to champion development. Solicit input from customers and suppliers, align departmental objectives, and secure final stakeholder approval.
Establishing a Committee - Assessment Activity0:45
Gather Operational Data1:58
Gather operational data to establish the current state and use financial statements, facilities breakdowns, costs of physical operations, payroll, assets, and product offerings to develop a pro forma for strategy.
Gather Operational Data - Real Life Example3:04
How to Gather Operational Data2:26
Gathering Operational Data - Assesment Activity0:37
Gather operational data to inform your strategic plan by identifying primary areas to focus on, the functional assets you require, and the finances and their importance.
Reflective Questions0:56
Lesson 01 Review3:52

Introduction0:59
Initiating the Strategic Planning Process0:06
Develop a Mission Statement0:26
Mission Statement1:54
Core Competencies1:38
Mission Statement - Real Life Story3:28
How to Develop a Mission Statement Part11:24
How to Develop a Mission Statement Part20:39
Developing a Mission Statement - Assessment Activity1:17
Develop a Vision Statement Part11:14
Develop a Vision Statement Part22:29
Develop a vision statement that presents the firm as the leading corporate consulting firm, offering best-in-class and affordable learning for any size company in the greater metropolitan area.
How to Develop a Vision Statement1:18
Developing a Vision Statement - Assessment Activity0:39
Assess Internal and External Environments Part10:24
Assess Internal and External Environments Part21:34
Environmental Scan2:12
Trend1:25
How to Assess Internal/External Environments Part12:41
How to Assess Internal/External Environments Part21:39
How to Assess Internal/External Environments Part30:42
Assessing Internal/External Environments - Assessment Activity1:03
Performing SWOT Analysis1:08
How to Perform SWOT Analysis Part10:11
How to Perform SWOT Analysis Part21:17
Identify and leverage strengths, remedy weaknesses, capitalize on opportunities, and respond to threats with a focused swot analysis, limiting each category to five items.
Performing SWOT Analysis - Assessment Activity1:49
Reflective Questions0:42
Lesson 02 Review2:14

Developing the Strategic Plan0:34
Prioritize What the Strategic Plan Will Address Part11:08
Prioritize What the Strategic Plan Will Address Part21:29
Set Goals and Objectives0:22
SMART Goals1:09
Learn to set smart goals by applying specific, measurable, achievable, realistic, and timed criteria to strategic planning, linking prioritized issues to goals and measurable objectives.
Hierarchy of Objectives Part11:05
Hierarchy of Objectives Part22:19
this lecture presents a hierarchy of objectives to boost profits by 10% by december 15, 2007, aligning sales to packaged solutions, targeted campaigns, and consulting with a downsized pricing model.
Set Goals and Objectives - Guidelines0:59
Set Goals and Objectives - Assessment Activity0:39
Identify short- and long-term goals for your strategy and develop smart criteria for them. Establish a hierarchy of objectives to guide your planning and implementation.
Develop Strategy for Achieving Goals Part10:34
Develop Strategy for Achieving Goals Part21:24
Draft the Strategic Plan0:15
Utilize the strategic planning worksheet as a best practice to brainstorm in a committee session and jot down information to discuss with the committee as you draft the strategic plan.
Executive Summary Part10:26
Executive Summary Part21:00
The executive summary outlines the strategic plan’s purpose, key points, and who, what, and how, with information on products and services, stakeholders, and management.
Executive Summary Part31:21
Draft the Strategic Plan - Guidelines1:23
Draft the strategic plan by outlining the executive summary with mission, vision, values, and smart goals, then specify strategies, performance indicators, and references.
Draft the Strategic Plan - Assessment Activity0:58
Reflective Questions0:43
Lesson 03 Review3:02

Executing the Plan0:45
Assign Responsibility and Authority0:23
Accountability1:52
Assign the right people to tasks and establish team leads to ensure accountability for strategic plan outcomes. Track deadlines, motivate team members, and minimize wasted time to drive effective execution.
Strategic Alignment Part11:16
Strategic Alignment Part22:33
How to Assign Responsibility and Authority Part11:57
How to Assign Responsibility and Authority Part20:34
Assigning Responsibility for the Strategic Plan - Assessment Activity0:44
Establish a Monitoring System Part11:55
Establish a Monitoring System Part21:15
Establish a Monitoring System Part31:18
Establishing a Monitoring System - Assessment Activity0:47
Reflective Questions0:35
Lesson 04 Review1:55
Course Review5:07
Course Closure0:45
Apply strategic planning skills to prepare, initiate, develop, and execute your strategy, using a clear roadmap, assessment activities, and reflective questions to guide your planning process.

Requirements

The students willing to register for this course are required to have a minimum of three years managerial experience along with basic knowledge of project and team management.

Description

The Strategic Planning Skills course is a fundamental course to develop a practical approach towards becoming a strategic decision maker. The course is designed for managers working in any organization and face challenges in their everyday jobs. The managers are required to address the issues on day-to-day basis and are required to make better strategic decisions at a very fast pace. This course will provide the knowledge to conduct need analysis, problem solving and strategic decision making to achieve better business value.

This Strategic Planning Skills course will teach the candidates to become an innovator, a persuasive player, and a champion of strategic decision making. The course helps the students to gain the knowledge and skills to conduct SWOT analysis, leverage key prospects for strategic opportunities, and inspire risk taking and innovation. This course provides the students with the essential skills to add value to their organization and move their team forward decisively.

PMI, Project Management Institute, Project Management Professional (PMP), PMP, Certified Associate in Project Management (CAPM), CAPM, PMI Agile Certified Practitioner (PMI-ACP), PMI-ACP, PMI Risk Management Professional (PMI-RMP), PMI-RMP, PMBOK, PgMP, PULSE OF THE PROFESSION, THE PMI TALENT TRIANGLE and The PMI REP Logo are registered marks of the Project Management Institute, Inc.

Who this course is for:

The course is intended for professionals working in managerial roles in any organization.
The prospective candidates should ideally work in a decision making job-role involving business and technical decision making.

What you'll learn

Explore related topics

Course content

Course Outline3 lectures • 4min

Lesson 1 - Preparing for the Strategic Planning Process18 lectures • 33min

Lesson 02 - Initiating the Strategic Planning Process27 lectures • 37min

Lesson 03 - Developing the Strategic Plan19 lectures • 21min

Lesson 4 - Executing the Plan16 lectures • 24min

Requirements

Description

Who this course is for: