Approach to Strategy

Overview

Learn from the inside out.

Business strategy comes from internal and external forces. A formal and planned strategy approach implies that, during the analysis and evaluation of strategic options, every possible strategic option is considered. For some organisations, this is not practical, and various alternative approaches are practiced.

In this course, you will learn how to set a formal strategic process as opposed to having an informal (or freewheeling) plan.

Implement strategy with success.

• Understand emergent strategies.
• Use inside-out and outside-in strategies.
• Apply vision for a clear future.

Gain competitive advantage.

Ultimately, it is not the choice of strategic process or even strategic plan that is important. What is vital is that everyone within the organisation shares the same vision and goals, and that they all pull in the same direction to achieve those goals. This course will enable to you do this by giving you the tools to successfully implement strategic processes in your business model through detailed case studies and exercises.

This is a standalone course but if you're interested in more of this type of learning while earning a designation, explore the CGMAr Finance Leadership Program.

Highlights

Key Topics

• The strategy process
• Alternative approaches to strategy

Prerequisites

None

Designed For

Who Will Benefit

• Global accounting and finance professionals
• Management accountants
• Controllers
• Finance directors
• Finance vice presidents
• CFOs
• CPAs and CAs

Objectives

Learning Outcomes

• Analyse the formal approach and process of strategic management.
• Analyse different approaches to strategy formulation.