Strategic Awareness and Business Acumen

This course is designed for professionals who are responsible for strategic decision-making and implementation within their departments or organizations. It is particularly beneficial for:

• Functional Managers
• Supervisors with increasing strategic responsibilities
• Managers transitioning into senior, strategic roles
• Managers seeking innovative strategies for business development
• Managers who want to refresh their business acumen and strategic management skills

Day 1: Understanding the Business Process

• Adapting to 21st-Century Business Challenges
• Psychological Aspects of Decision Making
• Strategic Thinking: Who, How, When & Why
• Case Studies: Strategy Success and Failure
• Business Savvy and Business Sense
• Financial Literacy for Business Leaders
• Business Management and Leadership

Day 2: Strategic Management Skills

• Leadership Theories & Styles
• Attributes of Successful Leaders
• Strategic Skills: Traits or Contextual?
• Visioning, Communicating & Framing Strategy
• Team and Organizational Perspectives on Strategy Implementation

Day 3: The Strategic Process

• External Change Impact: Competition, Technology, Regulation
• Innovation Strategies: Blue vs. Red Ocean
• The Strategy Hierarchy
• Making Strategies Happen
• Reacting to Disruptive Competition

Day 4: Developing Business Acumen

• Dimensions of Business Issues
• Managing Business Complexity and Uncertainty
• Mindfulness and Resilience in Business
• Financial Understanding and Interpretation
• Key Stakeholder Analysis
• Competitive Strategies for Success
• Problem Solving and Decision Making
• Avoiding Common Strategic Pitfalls

Day 5: Strategy Implementation and Communication

• Challenges of Mergers & Acquisitions
• Testing Strategic and Business Models
• Developing Profit Improvement and Growth Strategies
• Strategic Execution: Budgeting, Forecasting, and Adjusting Strategies
• Aligning Corporate and Individual Objectives