Course description
The global business economy is witnessing massive changes in governance, meaning today’s directors must evaluate how they address and view strategy. Strategy is a matter of concern for the board of directors because it is closely linked to sustainability and competitiveness, which have become difficult to attain in today’s hypercompetitive and challenging business world.
What are the steps involved in implementing directors’ strategies?
There are various stages involved in implementing directors’ strategies. A strategy is a plan designed by directors to address specific purposes and produce results for a company. While strategies differ from organization to organization, there are established steps each strategy is expected to undergo before being implemented;
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Suitability - Who should attend?
Who Should Attend?
The Rcademy Advanced Strategy for Directors Training Course suits directors, managers, and professionals in managing companies and other ventures. The following persons should undertake the course:
- Directors of companies:tasked with supervising the administration of a company’s financial performances, operations, ventures, and investments
- Finance managers:responsible for managing the financial operations of a firm, advising stakeholders on investment plans, and supervising the firm’s finances
- C-Suite executives:charged with making wide-ranging decisions on the operations of a company, overseeing entire business units and departments
- IT managers:responsible for ensuring the smooth operation of the firm’s technology, providing VPN assess to workers, and coordinating with other units
- HR managers:charged with supervising administrative functions connected to a company’s personnel, designing recruitment plans, executing them, and hiring new employees
- Stakeholders:responsible for offering guidance and supervising the administration of the company
- Account managers:responsible for ensuring every department meets the expectation of the customers and clients, handling customers’ complaints, and designing solutions for them
- Commercial managers:charged with boosting a company’s sales and managing client/customer relationships
- Risks managers:charged with overseeing the risks of a company, its customers, assets, employees, and stakeholders’ interests
- Every other person:interested in learning about advanced strategies for directors
Outcome / Qualification etc.
The Rcademy Advanced Strategy for Directors Training Course is designed to help participants attain the following objectives:
- Recognize the various challenges and issues in today’s global environment
- Understand how to design, implement and evaluate strategies for addressing a company’s challenges
- Evaluate and recognize ways the board of directors can collaborate with relevant stakeholders in evaluating and managing challenges
- Build strategic competencies as a company director
- Recognize emerging trends within the global corporate environment and their impacts on profit opportunities
- Identify the role of digitalization in substitution and disruption
- Learn about the benefits of competitive advantage, especially in today’s challenging environment
- Learn about the responsibilities of the board of directors and the various corporate governance models
Training Course Content
Module 1: Introduction to Strategy for Director
- Overview and definition of terms
- Types of Directors’ Strategies
- Establishing the company’s goals and objectives
- The orthodoxy of strategy
- Processes involved in implementing a strategy
- The competency theory
- Market and competitor evaluation
Module 2: Constructing Strategies
- Recognizing new values and opportunities
- Value creation
- Mechanics for establishing competitive strategies
- Cost leadership strategy
- Best cost strategy
- Product differentiation
- Focus strategy
- Customer Relationship Management (CRM)
Module 3: The Role of the Board
- Engaging stakeholders
- Corporate Ethics and Culture
- Managing shareholder’s and stakeholders’ interests
- Corporate Strategy and Purpose
- Corporate risks
- Influencing strategies
- Differences between ownership, management, and direction
- Roles of executive and non-executive directors
- Corporate governance
Module 4: Strategic Planning
- Operation strategy
- External analysis
- Business strategy
- Internal analysis
- Independent judgment
Module 5: Supervising Performances
- SMART objectives
- Critical success factors
- Strategic drift
- KPIs
- Continuous improvement
Module 6: Strategy Implementation
- Strategy execution
- Sustainability and corporate governance
- Organizational systems and structures
- Performance evaluation
- Strategy as a process
Module 7: Strategy Application
- Internationalization
- Competitive dynamics
- Mergers and acquisition
- Alliances and joint ventures
- Growth and diversification
Module 8: Impactful Communications
- Virtual teams
- Communicating across the organization
- Conflict management
- External communication with contractors, clients, and suppliers
- Inter-personal communication
Module 9: Governance, Independence, and Leadership
- The executive committee
- Skills and responsibilities of non-executive directors
- Roles of the executives
- Duties and Skills of the board chairman
- The company secretary is the head of governance
Module 10: Strategic Challenges
- Mobilizing for change
- Disrupting business models
- Value capture by partners and rivals
- Emerging Trends in Directors’ Strategies
- Refreshing the board
- Climate change and ESG issues
Module 11: Strategic Management Models
- Korey’s model
- Andrew’s model
- Strickland and Thompson’s model
- Schematic model
- Glueck’s model
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Rcademy is a global training and consultation organisation set out to bridge the gap between you now and what you can be in the near future. We are facilitators of knowledge impartation. Our team of established and experienced training enthusiasts...