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Strategy Formulation; A Complete Guide

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Strategy Formulation: A Complete Guide



Course Overview

This comprehensive course provides participants with a thorough understanding of strategy formulation, from the fundamentals to advanced concepts. Upon completion, participants will receive a certificate issued by The Art of Service.



Course Features

  • Interactive: Engage with instructors and peers through interactive discussions and activities.
  • Engaging: Learn through real-world examples, case studies, and hands-on projects.
  • Comprehensive: Covering all aspects of strategy formulation, from planning to execution.
  • Personalized: Tailor the course to your needs with flexible learning paths and optional specializations.
  • Up-to-date: Stay current with the latest trends, tools, and best practices in strategy formulation.
  • Practical: Apply theoretical concepts to real-world scenarios and challenges.
  • Real-world applications: Learn from experienced instructors with extensive industry experience.
  • High-quality content: Access a vast library of resources, including videos, articles, and research papers.
  • Expert instructors: Learn from renowned experts in the field of strategy formulation.
  • Certification: Receive a certificate upon completion, issued by The Art of Service.
  • Flexible learning: Access course materials 24/7, from any device, and learn at your own pace.
  • User-friendly: Navigate the course platform with ease, using our intuitive interface.
  • Mobile-accessible: Access course materials on-the-go, using your mobile device.
  • Community-driven: Connect with peers and instructors through our online community forum.
  • Actionable insights: Apply theoretical concepts to real-world challenges and scenarios.
  • Hands-on projects: Develop practical skills through hands-on projects and case studies.
  • Bite-sized lessons: Learn in manageable chunks, with bite-sized lessons and flexible learning paths.
  • Lifetime access: Access course materials for life, with no expiration date.
  • Gamification: Engage with the course through interactive games and challenges.
  • Progress tracking: Monitor your progress, with personalized feedback and recommendations.


Course Outline

Module 1: Introduction to Strategy Formulation

  • Defining strategy formulation
  • Understanding the importance of strategy formulation
  • Overview of the strategy formulation process

Module 2: Environmental Analysis

  • Understanding the external environment
  • Conducting a PESTEL analysis
  • Conducting a Porter's Five Forces analysis
  • Conducting a SWOT analysis

Module 3: Organizational Analysis

  • Understanding the internal environment
  • Conducting a resource-based view analysis
  • Conducting a value chain analysis
  • Conducting a McKinsey 7S framework analysis

Module 4: Strategy Formulation Frameworks

  • Understanding the Balanced Scorecard framework
  • Understanding the Blue Ocean Strategy framework
  • Understanding the McKinsey 3 Horizons framework
  • Understanding the Strategy Map framework

Module 5: Strategy Formulation Tools

  • Understanding the SWOT matrix
  • Understanding the Boston Consulting Group matrix
  • Understanding the Ansoff matrix
  • Understanding the Porter's generic strategies

Module 6: Strategy Implementation

  • Understanding the importance of strategy implementation
  • Developing a strategy implementation plan
  • Establishing key performance indicators (KPIs)
  • Monitoring and evaluating strategy implementation

Module 7: Strategy Evaluation and Control

  • Understanding the importance of strategy evaluation and control
  • Establishing a strategy evaluation and control system
  • Conducting a strategy evaluation and control analysis
  • Developing a strategy evaluation and control plan

Module 8: Advanced Strategy Formulation Topics

  • Understanding the role of innovation in strategy formulation
  • Understanding the role of sustainability in strategy formulation
  • Understanding the role of digital transformation in strategy formulation
  • Understanding the role of globalization in strategy formulation

Module 9: Case Studies in Strategy Formulation

  • Analyzing real-world case studies in strategy formulation
  • Developing a case study analysis framework
  • Conducting a case study analysis
  • Presenting a case study analysis

Module 10: Final Project

  • Developing a comprehensive strategy formulation plan
  • Presenting a strategy formulation plan
  • Receiving feedback on a strategy formulation plan
  • Revising a strategy formulation plan


Certificate

Upon completion of the course, participants will receive a certificate issued by The Art of Service. The certificate will be awarded based on the participant's performance in the course, including their participation in discussions, completion of assignments, and final project.

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