Course details
Effective strategy formulation skills are highly valued in corporate leaders. This program enhances the ability to develop operational business strategies and then take those business strategies from plan to action sets true leaders apart from their peers. Forward-looking strategy formulation can make the difference between a successful profitable business and one that stagnates. “Strategic Planning” covers the entire strategic planning process in detail from the basics of strategy formulation to the implementation of business strategies in the “real world.”
Course Objectives:
- Determine importance of strategic planning
- Formulate bank’s vision and mission
- Determine bank’s external environment
- Identify bank’s internal capabilities
- Determine strategic alternatives
- Identify feasible strategies
- Determine gaps between current and targeted situation
- List components of effective business plan
Course Outline:
Module 1:Fundamentals of Strategic Planning
- The need for strategic planning
- Benefits of strategic planning
- Defining the strategic planning process
- The “Who” and “What” of a strategic plan
Module 2:Addressing Bank’s Mission and Vision
- Bank’s core competencies
- Bank’s stakeholders
- Techniques to distinguishbanking products and services
Module 3: Assessing External Forces
- Opportunities and threats
- Impact of environmental factors on strategy formulation
- Impact of operating and remote environments
- Operating and external environment
Module 4: Assessing Internal Capabilities
- Strengths and weaknesses
- Competitive differentiators
- Culture, human resources, skills, processes and structure
- Strengths by business function
Module 5: Identifying Strategic Options
- Factors for choosing strategy
- Strategies relationship to capabilities of the bank
- Strategies that meet stakeholder expectations
- Sources of competitive advantage
Module 6: Formulating Strategic Plan
- Feasibility of alternatives
- Criteria for evaluating strategic alternatives
- Stakeholder participation and buy-in
Module 7: Conducting Gap Analysis
- Impact of strategic decisions on banks activities
- Gaps between current and needed characteristics
- Procedures required to close the gaps through targeted practice
Module 8: Linking Strategy to Actions
- Components of an action plan
- Objectives and milestones
- Culture, human resources, skills, processes and structure for strategy execution
- Effective communication mechanisms
Assessment Strategy:
Participants will be informally assessed on their interaction during sessions and their participation in exercises and/or role plays
Updated on 08 November, 2015Course Location
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