Strategic Business Planning and Goal Setting Training Course

Why select this training course?

To be successful in managing an organization, leaders need to have goal-setting skills and understand how to plan strategically. Practical goal setting is vital for the overall growth of an organization.

What are the principles of goal setting?

Goal setting involves designing an action to guide and motivate an organization toward achieving an established objective. Practical goal setting provides the focus, clarity, and motivation needed to make a plan a reality. The idea is that for a goal to be effective, it must incorporate the critical elements of specificity, timeliness, realism, measurability, and achievability. However, aside from these vital components, there are other governing principles of goal setting, and they include the following:

• Clarity
• Feedback
• Commitment
• Managing complexity
• A sense of challenge

What are the key components of strategic business planning?

Strategic business planning is the process of designing and implementing the directions of a business enterprise. A strategic plan is a high-level thinking process designed to help companies gain a competitive edge over opponents and measure successes and failures. A viable strategic business plan is made of various essential elements, and each of these elements helps to simplify the planning processes. The following are the key components of strategic business planning:

• Defining the business vision
• Building values
• Declaring explicit accountability
• Defining desired outcomes
• Establishing leading Key Performance Indicators (KPIs)

The Rcademy Strategic Business Planning and Goal Setting Training Course are developed to assist attendees in understanding the fundamentals of strategic business and goal setting. The course will cover the components of a strategic business plan, techniques of writing business planning, and goal setting. Focus is also given to building organizational agility and personal mental agility. Participants will learn the driving forces behind strategic successes and failures and various approaches to goal setting and strategy formulation. The course contents are comprehensive and curated to help learners recognize the significance of business planning and goal setting.

Who Should Attend?

The Strategic Business Planning and Goal Setting Training Course by Rcademy are designed for a wide range of professionals within the corporate and business sectors and persons who wish to learn about strategic business planning and goal setting. The following personnel should undertake the course:

• Directors: responsible for supervising a company’s operations, investments, ventures, and financial performances
• Risk Managers: responsible for identifying, assessing, and controlling threats to an organization’s capital and revenues
• Change leaders: charged with developing and promoting change visions, designing change plans, and managing conflicts and resistance to change
• Management officers: tasked with providing administrative assistance and managing queries from employees
• Asset Managers: tasked with making the investments decision to realize financial goals within the risk tolerance limit
• HR officers: charged with supervising all aspects of an employment process, training and orienting new staff members
• Business planners: responsible for planning and implementing business strategies for business operations, including sales, logistics, production, and budgeting
• Financial Managers: tasked with performing economic analyses and managing the finances of an organization or government body
• Financial Planners: responsible for meeting the short-term and long-term financial needs of clients
• Management officers: tasked with providing administrative assistance and managing queries from employees
• Strategic planners: are responsible for working with management staff to identify business opportunities and establish and develop plans for attaining the goals
• Persons interested in learning strategic business planning and goal setting

What are the Course Objectives?

The Strategic Business Planning and Goal Setting Training Course by Rcademy are geared towards assisting participants in attaining the following objectives:

• Understand the fundamentals of strategic business planning and strategic thinking
• Learn how to develop insights into strategic planning and how to deploy it in addressing challenges
• Learn about the various models of goal setting and how to integrate goal-setting into the administration of the company
• Learn about the organizational life cycle
• Understand the process of strategic thinking and how to establish strategic objectives and goals
• Learn about the various forms of strategic analysis, such as SWOT analysis and market analysis
• Identify the various principles of goal setting and how to measure the successes and failures of a goal
• Learn about time management and how to establish SMART goals
• Understand the different corporate-level strategies
• Identify the basics of problem-solving and negotiation skills

How will this course be presented?

This course is curated to meet participants’ satisfaction while improving their knowledge and skill; it is purely participant-oriented. Different practical approaches to ensure active and constant learning by the attendees will be utilized to deliver the course. Experts who will teach the course within this field have gathered numerous experiences and practice. The course modules are curated from extensive and in-depth research on the subject matter.

The Rcademy Strategic Business Planning and Goal Setting Training Course include theoretical and practical learning by providing slides on the concept, case studies, real-life scenarios, and lecture notes. In addition, participants will be able to partake in seminar workshops, quizzes, presentations, and regular feedback on lessons learned to confirm their optimum satisfaction.

What are the topics covered in this course?

Module 1: Introduction to Strategic Business Planning

• Definition of terms
• Types of strategic plans
• The strategic planning processes
• Benefits of strategic business planning
• The Role of strategic thinking in Business
• Improving strategic thinking skills
• SWOT and market analysis
• Components of strategic thinking

Module 2: Fundamentals of Goal Setting

• Defining goal setting
• Importance of goal setting
• The goal-setting process
• Establishing vision and mission
• Recognizing challenges with goal strategies
• The impacts and consequences of poor goal setting

Module 3: Goal Setting and Corporate Strategy

• Recognizing high-level corporate goals
• Short-term planning strategies
• Managing competing interests
• Identifying Roles within a larger corporate picture
• The benefits of goal setting in corporate strategy
• Medium to long-term planning strategies

Module 4: Essentials of Business Planning

• Overview and definition of terms
• Types of business planning
• Strategic thinking in the business planning processes
• Strategic planning vs strategic thinking
• The Genesis of the business policy
• Stages of business planning
• Writing the business plan

Module 5: Problem-Solving and Negotiation Skills

• Techniques of negotiation
• Use of brainstorming
• Tools employed in understanding problems
• Critical thinking in decision making
• The dynamics of negotiation
• The cause-and-effect analysis
• The importance of communication in negotiation

Module 6: Building Strategic Intent

• Understanding leverage, fit, and stretch
• Objective setting
• Developing the mission and vision statement
• Dimensions of business
• Business model

Module 7: The SMART Goals

• Defining SMART goals
• Setting SMART goals for teams
• The characteristics of SMART goals
  – Realistic
  – Timebound
  – Measurable
  – Specific
  – Achievable
• Adjusting business goals to make them SMART
• Aligning strategic plans with SMART goals

Module 8: Strategic Analysis

• Competitor analysis
• Experience curve analysis
• Tools and Techniques for strategic analysis
• Strategic group analysis
• Corporate portfolio analysis

Module 9: Managing Outcomes

• Frameworks for evaluation
• Adjusting and evaluating strategies in line with outputs
• Practical evaluation and team performance
• Best practices
• Measuring outcomes
• Addressing failures
• Structuring goal setting for continuous improvement

Module 10: Evaluating the Current State of the Organisation

• Customer and market focus
• Effective process management to attain business results
• Developing a strategic planning team
• Measuring and monitoring business performance
• Human resource and knowledge management
• Management and leadership about strategy

Module 11: Strategic Planning Best Practices

• Avoiding paralysis analysis
• The strategy life cycle
• Incorporating innovative thinking culture into the organization
• The life cycle of business
• Excellent planning team dynamics
• The potentially negative dimensions of success