Strategy And Reporting
The strategy of a company is its lifeline to survival. Leaders are measured by their ability to deliver it. Based on results, some leaders have been shown the exit door while many others battle in their quest to execute what has been envisioned. The aim of this training steam from a passion to highlight the analysis fundamental to the discourse of strategy. Next, we consider the alignment of projects to implement them. Finally, we focus on aspects needed to clearly articulate strategy.
Strategy Formulation
Many understand the frameworks behind strategy; but hardly the practical analysis behind markets: demographic, technological and socio-economic trends that influence marketing, operations and finance choices.
This analysis helps identify the opportunities and threats on the way to achieving the corporate vision. Envisaging these, employees get a sense of purpose to rise up to weaknesses and pursuing their strengths.
With a clear identity, key stakeholders are able to make sound decisions are at all levels to ensure the interests of the business and all its stakeholders are aligned. We highlight this practical approach through the lessons in this course.
Communicating Strategy
One will be unpleasantly surprised that despite the volumes of meetings and reports churned, management staff find it difficult to articulate the strategic direction of the organization they manage.
The organizational structure, culture and the strategy must bed in internally. Based on this internal strength, a data strategy on the activities happening within the external environment can be monitored and rightly acted on.
Summarily, this training considers various cultural and structural set-ups. Then, helps participants to tailor data gathering and analysis for the business units. This will help managers know and communicate their strategy effectively.
Setting & Monitoring Goals
Though easy to set, goals can be misaligned with strategy, resulting in unintended consequences. This training weighs on goal levels before assessing the advantages of leading and lagging indicators.
Thereafter, we move to the administration of goals, KPIs and financial targets. This aims to improve consistency in communicating performance throughout the entire organization.
We bring the curtains down on this course, reflecting how resource allocation, project goals and strategy can help communicate performance variances, industry benchmarks and forecast results.
Managing Project Portfolios
The strategy of many institutions hinges on the successful implementation of various projects called the project portfolio. We begin by first looking at how to choose between projects to be included in the strategy portfolio.
Next, we take a look at how projects taking place across departments, within units and in collaboration with strategic partners can be monitored and reported on both cost and milestone achievements.
Finally, we detail how projects that have been completed transit into mainstream routines to achieve the needed impact.