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Strategic Thinking and Decision Making

If you are involved in or responsible for making decisions that have a strategic impact for your organisation, you appreciate the complexity and often personal risk at stake when making such decisions. To avoid risk and uncertainty, decisions are often not made, they are made too late, or the incorrect decisions are made. This leads to slower reaction to the latest trends, and can lead to companies losing out to quicker, more strategic competitors. Whist decision risk and complexity can never be fully overcome this course will help you make more effective decisions through the use of proven strategic thinking and decision making techniques. Facilitated by a senior corporate consultant and executive coach, this course is essential for your professional development to ensure you make balanced decisions that lead to greater effectiveness and returns for the business.

Turning 'Theory' into 'Practice'?

We have created a programme that will introduce you to the skills, tools and the methodologies essential to the successful decision making process when managing risks and uncertainties. This course teaches the use of strategic thinking and decision making techniques based on common practice and the facilitator’s experience. It is rich in practical application through self assessment, group work, discussion and case study exercises to provide the opportunity to practice strategic thinking and gain feedback from colleagues on how to best apply them in different situations.

Who should attend?

All management roles that are involved in and are responsible for making strategic decisions for their organisation. Also very relevant for internal consultants who are involved in facilitating the decision making process.

Key areas to be covered in the programme and documentation

Pre-course work: Completion of a Pre-Course Questionnaire and an Emotional Intelligence Assessment

Group Discussion:
Examining decisions that made history and the lessons that can be learnt

Key principles and considerations when examining organisational decision making
• Defining Strategy, Strategic Thinking and Strategic Decision Making to understand the differences and challenges when making decisions
• The scope of strategic leadership and how to apply it effectively to the organisation
• Barriers to effective thinking: Demonstrating thinking barriers through fun problem-solving exercises

Practical Exercise: Using mind mapping to better understand a problem or challenge and guide strategic thinking

Strategic Analysis Tools that Aid Decision Making
• Portfolio, PESTLE, and 5 Forces Analysis: A review of different techniques and exercises to apply them practically to strategic decision making
• Customer Needs Assessment framework and how it feeds into the decision making process
• Understanding the evolution of strategy maps from the Balanced Scorecard and applying them to decision making

Practical Exercise: Develop a Strategy Map based on strategic analysis to enhance the decision making process

Tools for analysing your options and better make decisions to balance risk and business need
• Strategic fitness scorecards and how to apply them to decision making
• Solution selection matrices to best assess the impact of decisions on the business
• The Value Curve and its application to decision making
• Decision making under uncertainty
• Making good decisions faster without compromising decision integrity

Case Study: Applying techniques from the course to tailored case studies to apply them effectively back in the office

Working with your Stakeholders to increase the efficiency of decision making
• Identifying the stakeholders in your Decision Making Process
• Planning for stakeholder engagement to gain support on key strategic decisions
• Developing strategies to maximise stakeholder support and adoption of strategic decisions

Practical Exercise: Demonstrate stakeholder mapping and time trajectories and how to incorporate them into decision making strategies

You: The Strategic Leader and how you impact strategic decision making
• Reviewing leadership perspectives from three transformational leaders
• Understanding emotional intelligence and its role in effective strategic thinking
• How to improve your EI to optimise your strategic thinking and decision making

Practical Exercise: A self-assessment of your EI assessment to understand challenges and how to improve your emotional intelligence

Applying the Techniques to multiple real-world situations
• Technique Application to different situations to meet your needs
• Evaluating the application of techniques to ensure they work in practice
• Personal Action Planning to know how to improve strategic thinking and decision making when back in office

Case Study: Applying techniques from the course to tailored case studies to apply them effectively back in the office

Benefits to you

• Understand strategic decision making processes and their complexities to optimise strategy
• Learn how to use key techniques that will help you in the strategic thinking and decision making process
• Improve your ability to make decisions and to generate alternative decisions that lead to better results
• Increase confidence when making complex decisions whilst managing risk and uncertainty
• Develop strategies to improve strategic decision making in your organisation
• Learn from other course participants by discussing and solving challenging decision scenarios

Companies already benefiting include:

Duration of Course

2 Day Course

Course details

26-27 March 2020, London, PT4113

Looking to train larger teams in this subject?

dzingim@marcusevansuk.comTailored in-house/in-company training courses and bespoke strategy workshops designed and delivered on-site throughout Europe according to your specific requirements.

All management, personal development and project management public courses featured in our Course Directory are also delivered on an In-Company basis.

Click Here for information on how this course can be delivered for you as an In-Company Training Solution

 


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dzingim@marcusevansuk.com - Marketing Manager EMEA - Professional Training


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Testimonials

"This course will allow my company to develop its existing strategies to a much greater and hopefully profitable level."

Managing Director, Tarmac