“Strategic planning is important to an organisation because it provides a sense of direction and outlines measurable goals. Strategic planning is a tool that is useful for guiding day-to-day decisions and also for evaluating progress and changing approaches when moving forward.”

AZCentral

“A strategy is something you can touch; you can motivate people with; be number one and number two in every business. You can energise people around the message.”

Jack Welch

The Course Agenda

What is strategy?

• The difference between strategy and tactics
• Why strategy is important from commercial and regulatory perspectives
• The commercial impact of developing effective strategy
• The link between organisational culture, strategy and behaviours

The 5 steps to developing successful strategy

• Gathering the facts
• Aligning strategy to vision and values
• Identifying strategic objectives
• Tactical planning
• Managing performance

Employee & stakeholder engagement

• Communicating strategy
• The importance of aligning personal objectives to organisational strategy

Maintaining focus and commitment

• Allocating accountability and delegating responsibility
• Accurate and timely management reporting – what, when and to whom?
• Implementing governance arrangements to support the development and pursuit of successful strategy
• The importance of constructive challenge

Measuring success

• Setting realistic milestones
• Measuring the right things
• Evaluating performance