Introduction of Strategy Development
A strategy is a method or plan chosen to bring about a desired future, such as the achievement of a goal or the solution to a problem (BUSINESS DICTIONARY n.y.). First introduced in a military sense, strategy development is now used by companies, NGO’s, and communities.
Four Critical Success Factors
In order to run a successful business, one that generates solid profits year after year, you will need to be do several things right day after day, week after week, and month after month. You will need to keep your costs down, meet customer expectations and avoid major mistakes. You will also need to consistently meet four critical success factors: follow a sound strategy, set the right priorities, hire a committed staff and have a strong self-discipline.
Developing Strategy Furthers
Whether you’re looking to set new business priorities, outline plans for growth, determine a product roadmap or plan your investment decisions, you’ll need a strategy. Coming to the realisation that your organisation needs one is easy. Actually creating a strategy is a little trickier.
Defining Strategy and Getting it Across
These are the fundamental choices that a corporate strategy comprises and they should frame and guide all the decisions that a company’s corporate executives, functions, and staff make every day, including how they run the place, what they buy, what markets they enter, how they measure success, and so on.
Creating and Capturing Value
Yet, value is perhaps one of the most used and misused terms in the history of management literature. To say the least, a lot of confusion persists not only about the meaning of the term, even more about ways to achieve it in a sustainable way.
The Role of Competition
Competition has a positive impact, not only on the well being of consumers, but also on a country’s economy as a whole. Competition bolsters the productivity and international competitiveness of the business sector and promotes dynamic markets and economic growth.
10 Principles of Successful Strategies
Success of any strategy ultimately depends on the Chief Executive’s commitment and leadership to the strategy, as well as the skill and quality of management responsible for execution. With this in mind, here are ten guidelines that should help your company profit from its strategy.
This course provides the skills and knowledge you need to
- Enable participants to contribute effectively to MoV activities led by others
- Pre-qualify candidates for the MoV Practitioner Exam or other training and qualification systems in Value Management
- An integrated and top-down management perspective
- The development of the ability to develop competitive strategies
- The strengthening of skills in integrating the different functional areas of management
- The improvement of persuasion and teamwork skills