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Overview
The course “Strategy and Decision Making” focuses on equipping participants with the knowledge and skills to make effective strategic decisions in various organizational contexts. Participants will learn about the fundamentals of strategic thinking, decision-making processes, and strategic analysis techniques to enhance their ability to formulate and implement successful strategies.
Objectives
Understand the challenges and complexities of Strategy and Decision Making.
Prerequisites
- Basic understanding of business principles and practices.
- Familiarity with organizational management concepts.
- Some experience in a leadership or managerial role is beneficial.
Course Outline
Module 1: Introduction to Strategic ThinkingCourses2023-06-29T01:09:28+05:30
- Understanding the role of strategic thinking in organizational success
- Analyzing the external environment and identifying key trends and challenges
- Developing a strategic mindset and fostering innovation
Module 2: Strategic Analysis and Problem-SolvingCourses2023-06-29T01:18:53+05:30
- Conducting SWOT analysis and identifying strategic issues
- Using tools such as PESTEL, Porter’s Five Forces, and competitive analysis
- Applying critical thinking to solve complex business problems
Module 3: Decision-Making Models and ApproachesCourses2023-06-29T01:19:56+05:30
- Exploring different decision-making models (e.g., rational, intuitive, collaborative)
- Evaluating alternatives and assessing risks and opportunities
- Balancing short-term and long-term considerations in decision-making
Module 4: Implementation and ExecutionCourses2023-06-29T01:20:34+05:30
- Developing action plans and aligning resources with strategic decisions
- Monitoring and evaluating the effectiveness of strategic choices
- Addressing implementation challenges and adapting strategies when needed
Module 5: Ethical Considerations in Decision MakingCourses2023-06-29T01:21:30+05:30
- Understanding the ethical implications of strategic decisions
- Incorporating ethical considerations in the decision-making process
- Building a culture of ethical decision-making within the organization
