
Explore environmental scanning, competition analysis, and Porter's five forces to understand your remote environment, assess competitor moves, and gauge market attractiveness for strategic thinking in management.
Explore how environmental scanning, a strategic thinking tool, helps managers understand the remote environment and identify opportunities and threats through pestle factors—political, economic, socioecological, technological, environmental, and legal.
Analyze competition through a systematic and ethical competitive intelligence program to identify competitors' moves and industry trends. Use gathered information to improve decision making, revenues, and cost efficiency.
Analyze industry dynamics using Porter's five forces to assess market attractiveness and profitability, examining threats of new entrants, supplier power, buyer power, substitutes, and rivalry, guided by forecasting and assumptions.
Explore internal analysis, swot analysis, and value chain analysis to identify strengths, weaknesses, opportunities, and threats, and benchmark against rivals to gain competitive advantage.
Conduct an internal analysis by evaluating functional areas and internal resources to identify strengths and weaknesses. Use the resource-based view to leverage resources for sustainable competitive advantage.
Identify and evaluate your company's strengths, weaknesses, opportunities, and threats using a systematic SWOT analysis, and design a strong strategy by leveraging strengths and opportunities while addressing weaknesses and threats.
Compare your value chain with rivals using benchmarking to identify strengths and weaknesses, guided by Porter's view of total revenues minus costs from development to customer.
Explore strategy formulation and decision making while setting strategic goals, using scenario planning, and planning for contingency with risk analysis.
Set strategic goals and priorities to guide success by using smart goals, analyzing the environment with SWOT and industry trends, aligning with mission and vision, and monitoring progress with KPIs.
Explore scenario planning for managers: build hypothetical event sequences and test strategic choices under uncertainty. Sharpen mental models with a skilled team to chart future environments.
Analyze and assess risk, identify and prioritize principal risks, including reputation, competition, financial, liquidity, and strategic risks, and plan contingencies to minimize disruptions and safeguard business continuity under board oversight.
Celebrate completing the course and apply gained skills to strategic thinking in your company, enabling you to see the big picture, anticipate future challenges, and shape your organization accordingly.
Course Title: Strategic Thinking
Course Objective
· The primary objective of this course is to develop your ability to think strategically, analyse complex situations, anticipate future challenges, and make decisions that create long-term value for your organisation.
· The course aims to foster a mindset that integrates creativity, analytical reasoning, and strategic insight in addressing business and organisational issues.
Course Outcome
By the end of this course, you will be able to:
• Understand the principles of strategic thinking and differentiate it from tactical or operational thinking.
• Analyse internal and external environments using strategic frameworks and tools (e.g., SWOT, PESTEL, Porter’s Five Forces).
• Identify and evaluate strategic opportunities that align with organisational goals and capabilities.
• Apply strategic decision-making models to real-world business challenges.
• Communicate and implement strategic ideas effectively across teams and organisational levels.
What You Will Cover
1. Definition and Importance of Strategic Thinking
2. Strategic Vs. Operational and Tactical Thinking
3. The Role of Vision Mission and Values
4. Environmental Scanning
5. PESTEL and Porter’s Five Forces
6. Identifying Competitive Advantages and Key Success Factors
7. Internal Analysis
8. SWOT Analysis in Strategic Decision-Making
9. Application of Value Chain Analysis
10. Setting Strategic Goals and Priorities
11. Scenario Planning and Strategic Choices
12. Risk Analysis and Contingency Planning
13. How to set Strategic Objectives as Prime and
Subsidiary Objectives
14. Using Financial Objectives as Prime and Subsidiary
Objectives
15. Translating Strategy into Action
16. Aligning People Structure and Resources
17. Leadership Behaviours That Drive Strategic Success
18. Communicating Strategy Across the Organisation
19. Managing Resistance and Building Buy-In
20. Measuring and Evaluating Strategic Outcomes