Strategic Management 1st Exclusive Edition
In this 1st exclusive edition of the Strategic Management course, you will gain new perspectives for building market resilience and dominance for your organization. Understand the difference between corporate and business strategy and what it takes for a corporate headquarters to add value and increase business unit success. Study best practices in key areas of corporate strategic management, including diversification, mergers and acquisitions, strategic alliances, corporate governance and strategic leadership.
- How leaders set corporate direction as change agents
- Developing a learning organization approach
- Why resource management and development matter
- Elements of the socially responsible organization
- How leaders influence organizational values, integrity and accountability
- The role of leadership in organizational design and culture
- When and why firms diversify
- Why mergers and acquisitions are so prevalent
- How business groups add value in emerging markets
- Vertical Integration and alternatives to Vertical Integration
- Different forms of strategic alliances, Why strategic alliances form & What affects strategic alliance success
- Understand executive compensation schemes
- The role of the board of directors
- Develop the skills to perform external and internal analysis for companies
- Develop the ability to evaluate the dynamics of competition
- Build strategies using appropriate frameworks and tools
- Understand the basics of strategy implementation and control
Meet the Trainers:
Dr. Hady Safa
As one of the Arab world’s renowned motivational speakers, Hady is a vibrant inspirer and highly-trusted resource in business and professional circles for Lebanese and Arab CEOs, non-profit and business leaders from all sectors. For two decades he has not only profoundly experimented competencies development, but also has helped hundreds of businesses and individuals think and act strategically.
Hady went through an extremely challenging way building his educational blocks, transforming from a young kid who started working after-hours at the age of sixteen, self learning through college, into a PhD holder, successful Entrepreneur, self development author and inspirational speaker.
Today, Hady leads several companies in diverse industries within the region, ranging from Human Resources Consulting, Training and Development, Web and Mobile Solutions, Real Estate and Commercial Media.
Schedule & Pricing:
- Istanbul: CVK Hotel
- From Thursday 28-December-2021 till Sunday 2-January-2022
- From 10:00 am till 04:00 Pm
- Registration fees:
- 1500$ per Individual, with dual certifications from IES Paris, and Standards-HRC upon program completion.
Importance of Strategic Management:
As a foundation, a strong corporate operation necessitates the commencement of strategy modification and the enhancement of strategic thinking. Essentially, strategic development is characterized as a move from regular corporate functioning to an elite group, in which approaches to strategic thinking are grouped into a unified set of strategic organizations. These strategic initiatives are being driven by changes in the business environment. To accomplish a successful shift to starting tactical adjustments based on predetermined scenarios, organizations must incorporate the act of strategic management. The construction of a strategic plan necessitates a significant amount of strategic thinking.
Organizations must not only engage in strategic planning to be successful, but they must also think and run their operations strategically. As its foundation, a good corporate operation necessitates strategy alteration and enhanced strategic thinking. Strategic development is related with a transition from a historically restricted function to an elite group inside an organization. The unified collection of strategic initiatives that aggregates strategic thinking across multiple enterprises is driven by changes in the business environment. The majority of firms use strategic management as a means of achieving success by making tactical adjustments.
The primary goal of strategic management is to obtain and maintain a competitive edge while also coping with viable strategic alternatives. This method should not only be used while a company is engaged in strategic planning, but it should be used and valued all of the time. Understanding how markets and competitors tend to obtain different possibilities is critical for selecting the optimal strategic option for achieving competitive advantage. Analysis, formulation, planning strategies, implementation, and ongoing improvement in previous plans are the five primary components involved in consistent strategic planning for firms.
The backbone of strategic management, strategic planning, is linked to management and operational planning in order to produce effective ideas for gaining a competitive edge. For active development, progressive management approaches must be implemented within businesses. Furthermore, for transferring information and bringing about rapid changes in service delivery technologies, an efficient strategic planning procedure must be implemented.
As a result, strategic management is required to provide mechanisms for its fulfillment and to carry out effective measures. Through rapid development of various businesses, it is critical to modernize processes and services in response to changing client needs. This necessitates ongoing improvements and modifications to company processes and services. Because of the advent of a number of indefiniteness elements prevailing in the external environment, managers’ task of making strategic judgments has become more difficult. Before creating and implementing a strategy for stabilizing unstable conditions, the organization must weigh all of the advantages and disadvantages of the strategy.
The global financial crisis has exacerbated the modern market system’s instability, resulting in increased unemployment, lower productivity, and lower investment. Markets confronted with high interest rates, inflation, low investment attractiveness in the majority of industries, and flaws in the legal framework must address strategic management issues.
Managers are likely to seek out innovative solutions and techniques to mitigate the risks associated with rapidly changing external sources. The rising impact of social and political factors has hindered managers’ ability to make suitable and successful decisions. However, it is thought that these developments would not only present challenges, but will also present new chances for underdeveloped organizations. Stable development in the face of smooth external variations is likely to be achieved by competent strategic management that considers potential risks and measures to mitigate them in order to achieve desired outcomes.
Since the previous decade, various organizations have recognized the value of an expanded number of emerging markets as a source of low-cost labor for the source market. The formulation of an acceptable business plan guarantees that the organization has acquired and retains the skills and capabilities required to carry out the strategy. By facilitating product diversification, lowering total investments, permitting faster market entry, and combining idle facilities and expertise, strategic alliances provide an adequate tool to hedge risks. Emerging-market enterprises are stepping up their efforts to integrate into the global economy.
The strategies of successful organizations operating in a variety of markets are often driven by international strategic management. Downfall Threats Understanding of Previous Strategies Owners’ reactions to deciding on the best plan Depending on the strategic approach environment, there is a time factor. Furthermore, it is considered that firms must consider some characteristics that have arisen as a result of recent dramatic changes in the global market environment. The following are some of the most significant changes:
- Strategies associated with international business management involve certain strategic alliances and inter-organizational teams globally that functions to redirect the focus of company towards customer and global competition.
- Strategic management is considered as a significant process to gain competitive advantage through active participation.
- Active support, commitment, and involvement of top management is needed for the integration of appropriate business practices.
- The existence of trade blocks results in the development of international strategies under certain situations.
Therefore, it is important to apply the most effective strategy through proper strategic management needed for entering in a new market, developing appropriate strategies towards long-term operations, as well as the development of efficient strategic plan enable an organization to observe the final consequences associated with aggregation of diversified business processes.