Advanced Strategy for Directors

Why select this training course?

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;

• Strategic Intent
• Strategy Formulation
• Strategy Execution
• Strategy Analysis

What are the types of strategies used by directors?

Directors’ strategies are built to integrate all aspects of a company’s business and evaluate how to generate revenue and value from it. There are various types of strategies used by directors in managing the affairs of the company; there include growth strategies, retrenchment strategies, stability strategies, and combination strategies.

The Rcademy Advanced Strategy for Directors will provide participants with strategic issues facing directors in today’s business environment and techniques employed in addressing them. Participants will also learn how to construct competitive advantages, the influence of an organization’s structure on strategies, and the board of directors roles in addressing and overcoming challenges. The course covers board composition and structure, strategy design, implementation, and evaluation. The course also covers corporate governance, emerging trends in corporate governance, and strategy as a process.

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

What are the course objectives?

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

How will this course be presented?

The contents of this course are participant-oriented and are mainly provided to meet participants’ expectations and enhance their knowledge and skills. Various proven practical approaches and techniques that will ensure constant and active learning by the participants will be used to deliver the course. Professionals will teach the course with various experiences and practices. The course modules are curated from in-depth and extensive research on the subject matter.

The Rcademy Advanced Strategy for Directors incorporates practical and theoretical learning by providing participants with slides on the concept, case studies, lecture notes, and real-life scenarios. Attendees will also be able to partake in quizzes, presentations, seminar workshops, and constant feedback on the lessons learned to confirm their optimal satisfaction.

What are the topics covered in this course?

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