This Coventry Academy training course provides an effective way of understanding how strategy is created and executed. It is an opportunity for all professionals and leaders to learn how to convert strategy into an efficient operational performance. Strategy Focused Organisation (SFO) require a comprehensive execution model that supports long and short-term planning cycles; both strategically and financially. The execution model will support the entire set of management processes in order to continually review and evaluate performance and to track and assess the effectiveness of strategic initiatives. This training course will provide the basis that links strategy, planning, operations, and risk on a single platform.
A good strategy is not enough for success. It requires a proven execution model to achieve the organisational vision. In 2006, the Monitor Group asked Senior Executive about their number one priority and the answer was “Strategy Execution”. Various surveys over the past two decades indicate that 60 to 80 percent of companies fall far short of the targets expressed in their strategic plan because of poor “Strategy Execution”. Professor Robert Kaplan and David Norton, the Gurus of BSC and Strategy Execution conducted a survey about the state of strategy execution and found that most of the organisations did not have formal systems to help them execute their strategies.
What are the goals?
By attending this Coventry Academy training course, delegates will be able to:
Define and Develop Strategy and How to Turn Strategy into an Effective Operational Performance
Understand the Key Components of a Successful Strategy Management System, the Tools and the Techniques Used to Support Execution
Identify and Manage the Human Factors and Their Impacts on Strategy Execution
Learn the Fundamentals of Business Planning, Execution, Progress / Results Measurement and Reporting
Distinguish the Concept of Performance Contract Between the CEO of the Organisation and the Chairman of the Board
Who is this training course for?
This Coventry Academy training course is suitable to a wide range of professionals but will greatly benefit who are:
Line and Functional Managers
Professionals Responsible for Strategy, Marketing, Business Development, Operations, HR, Product Development and Other Functional Departments Within Businesses and Other Organisations
Intermediate and Advanced Level Managers
Team Leaders and Supervisors Within All Sectors, Private and Public, Profit and Not-for-Profit
Course Outline
Day One: Understanding Strategy and Strategy Execution
Defining and Understanding of Strategy
Linking Strategy to Action
Setting Long Term Organisational Destination - Strategy is about Where are you Heading
Strategy Documentation, Communication and Duration
Defining Strategy and Operational Effectiveness - What is the difference?
Barriers and Success Factors related to Strategy Execution including Leadership and Culture
Day Two: From Vision to Results: The Planning and Execution Framework
Understanding the distinction between Strategy, Operations and Tactics
How Planning and Execution Work
Impact of Mission and Vision Statements on Strategic Planning
Mission Analysis and Mission Leadership
Measuring Progress and Results
The Gap between Strategy and Performance
Day Three: Turning Strategy into Actionable Plan
Invisibility of Performance Bottlenecks to Top Management
Under Performance Culture Impact on Strategy and Performance Gap
How to close the strategy and performance gap
The Four Successful Steps in Turning Strategy into Actionable Plan
Building A Strategy – Focused Organisation (SFO)
The Six Loop Strategy Execution System including the Office of Strategy Management (OSM)
Day Four: Understanding the Meaning of Performance Measurements and Management
Why do we need Performance Management System?
Characteristics of Good Measures
The Balanced Scorecard
Defining Critical Success Factors
Organisational Excellence
How to Develop and Standardise Performance Metrics
Day Five: Implementing a Successful Performance Management System
Gaining Management Commitment and Selecting a Winning Team
Planning for Success – Strategic Business Planning Framework
Performance Contract Framework
The usage of charts in presenting effective reports
Complete exercise on how to develop a Balanced Scorecard from scratch
Conclusion and Wrap Up
The certificate
Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course