Strategic Planning
Strategic Planning from Solomon People Solutions equips participants with the knowledge and skills necessary to develop and execute effective strategic plans.
Medium of Instruction: English
Duration of the program: 16 hours
The Strategic Planning course is a two-day training program that provides learners with the information and skills required to create and implement effective strategic plans. Strategic planning is critical for firms to articulate their vision, establish clear objectives, allocate resources efficiently, and manage difficult business situations. This course teaches the fundamentals of strategic planning, such as analysis, goal setting, strategy design, execution, and assessment.
By the end of this course, participants will be able to:
- Understand how strategic planning contributes to corporate success.
- Conduct a detailed investigation of the internal and external elements that influence strategic decisions.
- Define the organization’s vision, purpose, and basic values.
- Create clear and achievable strategic goals and objectives.
- Create strategies and action plans to meet strategic objectives.
- Implement and track strategic objectives successfully.
- Strategic plans should be evaluated and adapted in response to performance data and feedback.
- Managers, directors, and executives responsible for strategic decision-making.
- Professionals involved in business planning, development, and strategy formulation.
- Individuals aspiring to enhance their strategic thinking and planning skills.
Foundations of Strategic Planning
Introduction to Strategic Planning
- Importance of strategic planning in organizational success
- Overview of the strategic planning process and its components
Strategic Analysis
- Conducting internal and external analysis (SWOT, PESTEL, etc.)
- Identifying strategic issues and opportunities
Vision, Mission, and Core Values
- Defining organizational vision, mission statement, and core values
- Aligning vision and values with strategic goals
Setting Strategic Goals and Objectives
- Developing SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound)
- Prioritizing goals based on strategic importance and feasibility
Review and Q&A
Strategy Formulation and Implementation
Strategy Formulation
- Developing strategies to achieve strategic objectives
- Choosing appropriate strategic approaches (growth, stability, retrenchment, etc.)
Action Planning and Implementation
- Creating action plans and timelines for strategy implementation
- Allocating resources and responsibilities
Monitoring and Evaluation
- Establishing key performance indicators (KPIs) to measure progress
- Monitoring and evaluating strategic initiatives
Adaptation and Review
- Reviewing and adapting strategic plans based on performance metrics
- Continuous improvement and adjustment of strategic initiatives
Course Wrap-Up and Q&A
- Final Q&A session
- Course evaluation and feedback
How you benefit attending this program?
- Skill development includes strategic analysis, planning, and execution.
- Leadership Development: Opportunities for leadership growth via strategic decision-making.
- job Advancement: Improves job chances by developing strategic planning skills.
- Professional Development: The ability to effectively contribute to corporate strategy and progress.
How your company benefits by sponsoring you to this program?
By sponsoring you to this program, your organization will be able to:
- Clear Direction: Provides clarity on the organization’s vision, purpose, and strategic priorities.
- Improved Decision-Making: Make informed judgments based on extensive analysis and strategic alignment.
- Resource deployment: The efficient deployment of resources to achieve strategic objectives.
- Adaptability: Increased ability to respond to changing market conditions and corporate settings.
Beginning of the program:
Each participant has to fill in a pre-training need form to ascertain their expectations that can be catered to by the facilitator.
At the end of the program
Each participant has to submit a Post Training Action plan for implementation and to ascertain the Return on Investment.