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Understanding Strategy
Available Online
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PROGRAM OUTLINE for this 3 day course in English

For any employee understanding of the key issues involved in planning, developing, communicating and implementing organizational strategy is an essential skill to have.

The strategy pursued by an organisation has a major influence on the day-to-day working lives of its employees and the contribution they make to achieving their organisation’s goals and objectives. This is true irrespective of the sector, type of organisation and the level at which an individual works. Therefore, an understanding of the key issues involved in planning, developing, communicating and implementing organisational strategy is essential.  


Using a broad range of contemporary management models and theories, this 3-day course aims to provide an overview of these issues. After addressing the question ‘What exactly do we mean by strategy’ the course will then go on to examine the practice of strategic management along three broad lines:

 

Join us to learn and address your questions on:

 

The strategic analysis process and position

  • How to perform a macro-environment analysis
  • Understand the industry and sectors we operate in.
  • What are the resources and capabilities we have?
  • Who are the stakeholders and how is the governance of the firm?
  • What about our history and culture!

How to make strategic choices

  • Which tools are available for business strategy formulation
  • Should we use diversification?
  • How different is strategy versus international strategy?
  • But what about entrepreneurship and innovation?
  • Mergers, acquisitions and alliances, do they work?

How do we put strategy into action?

  • How do we evaluate the organisational performance?
  • Is the strategy suitable, feasible or acceptable?
  • Is strategy always planned or can it be emergent?
  • What are the effects on organisational structure and culture.
  • The practice of strategy

Recommended Background

This course is suitable for middle and senior-level managers responsible for developing and implementing organizational strategy, irrespective of their industry and sector. The course is also suitable for junior managers either aspiring to more senior-level management roles and needing an introduction to the key models, theories and concepts involved, or those simply wishing to gain a better understanding of their own organization’s strategy and the role they, their team, department or division play in it.  

Course format

  • Practice-based learning and critical engagement is a key theme through all our courses allowing delegates to apply their newly acquired knowledge and skills immediately in their own working environments.
  • After enrolment, a number of case studies which will be used for illustrative purposes during the course will be made available on the FinanceXplained website. To get the most out of the ‘Understanding Startegy’ it will be beneficial if participants review these prior to the session. 
  • In addition to the case studies, a comprehensive set of materials will be provided on the day including all presentation materials used by the course facilitator.
  • The course is based on the concepts and the very successful “Exploring Strategy” textbook and courses of by Johnson, Whittington, Scholes et. al.

Syllabus

Day 1: Introduction & The Strategic Position

 

Welcome and mutual presentations


Introducing strategy 

  • What is strategy?
  • The „exploring strategy“ framework
  • Working with strategy
  • Defining strategy 

 

The strategic position


Macro-environment analysis

  • Introduction
  • PESTLE Analysis
  • Scenario Analysis

 

Industry and Sector Analysis

  • The competitive forces
  • Industry types and dynamics
  • Competitors and markets
  • Opportunities and Threats

 

Resources and Capabilities

  • Foundations of R&C
  • Distinctive resources and capabilities as a basis of competitive advantage
  • Diagnosing R&C
  • Dynamic Capabilities

 

Stakeholders and Governance

  • Stakeholders
  • Corporate Governance
  • Social responsibility and ethics

 

History and culture

  • Why is history important?
  • Why is culture important?
  • Strategic drift

 

Day 2: Strategic Choices

 

Strategic choices


Business strategy and models

  • Generic competitive strategies
  • Interactive strategies
  • Business Models

 

Corporate strategy and diversification

  • Strategy directions
  • Diversification
  • Vertical integration
  • Value creation and the corporate parent
  • Portfolio matrices

 

International strategy

  • Internationalisation drivers
  • Geographic sources of advantage
  • International strategies
  • Market selection
  • Subsidiary roles
  • Internationalisation and performance

 

Entrepreneurship and innovation

  • Entrepreneurship
  • Innovation Dilemmas
  • Innovation Diffusion
  • Innovators and imitators

 

Mergers, Acquisitions and Alliances

  • Organic development
  • Mergers and acquisitions
  • Strategic alliances
  • Comparing acquisitions, alliances and organic development

 

Day 3: Strategy in Action

 

Strategy in action

Evaluating strategies

  • Organisational performance
  • Suitability
  • Acceptability
  • Feasibility

 

Strategy development processes

  • Deliberate strategy development
  • Emergent strategy development
  • Implications for management strategy development

 

Organising and strategy

  • Structural types
  • Systems
  • Configurations and adaptability

 

Leadership and strategic change

  • Leadership and strategic change
  • Diagnosing the changing context
  • Types of strategic change
  • Levers of strategic change
  • Problems with change programmes

 

The practice of strategy

  • The strategists
  • Strategising
  • Strategy methodologies

 

Summary, discussions, questions and answers (why strategy matters?)

 

Participant feedback

  • Quite a wonderful experience to learn and improve skills. I am glad I took the course, I strongly recommend to colleagues or just anyone in business or corporate management. Thank you.
  • This Course provides an excellent overview of the development of strategy from its origins to today and explains how the world has changed and how the strategy has evolved from SWOT to Strategic Planning, to the BCG Matrix and the Experience Curve, to Porter and to Mintzberg
  • The course is clear and helps you understand how to look at the problem in a long term vision and not effect your own existing moments/growth/plan.
  • Excellent course which allowed to broaden my knowledge and skills regarding the essence of strategy, strategic planning and implementation processes as well as its evaluation.

Learn the way that suits you most!



MEETING ROOM



ONLINE

1.  Small group sizes to ensure quality, debate & interaction (Max 15 People)
2.  Prime hotel locations
3.  Interact with the speakers & members
4.  Teamwork
5.  Access to our Online learning platform
6.  Use of whiteboard
7.  Share professional experience with other participants
8.  Network with participants
1.  Small group sizes to ensure quality, debate & interaction (Max 12 People)
2.  Via Zoom, Microsoft Teams or Cisco WebEx
3.  Interact with the speaker & members
4.  Virtual teamwork through breakout rooms
5.  Access to our Online learning platform
6.  Use of electronic whiteboard
7.  Share professional experience with other participants
8.  Network with participants
9.  Greater convenience at your office or home
10. Geographic flexibility - No travel needed

Course Lecturers



Dr. Nico Binsfeld, MBA

Dr. Nico Binsfeld holds a Doctor of Business Administration, a Master of Science in Engineering and an MBA. He has over 30 years of experience in different engineering and management positions in media, telecommunications and IT, having held CEO positions of different SMEs in Luxembourg. He currently works as consultant for the “Agence pour le développement de l’emploi” were he is involved in different projects related to vocational training and digital transformation. Nico also has over 12 years of experience as an Associate Lecturer on the MBA programme of a triple accredited global business school covering “Foundations of Senior Management”, "Strategy" as well as the final, evidence-based management module "Making a Difference". In that role, he has worked in Luxembourg, Belgium, France, the Netherlands, Germany, Switzerland, the UK, Ireland, Romania, Austria and Russia.  


Kris De Clercq, MBA

Kris has lectured finance to managers for more than 25 years in Europe and Eastern Europe. His teaching as an associate for a UK based global business school included “Issues in International Finance and Investments”,” Corporate Finance” and “Issues in IFRS”. His industry experience is over 20 years working for asset managers, investment banks, global custodians in the UK, Luxembourg and Belgium. He received a universities award for innovation in finance teaching and learning.  


OUR INTERNATIONAL EXPERIENCE
Not convinced yet? Register to one of our "Free Online Open Event".
If none listed, request a seminar or personal talk


Books we studied for you



Exploring Corporate Strategy: Text & Cases (8th Edition) - Gerry Johnson, Kevan Scholes, Richard Whittington
Exploring Corporate Strategy: Text & Cases (8th Edition) - Gerry Johnson, Kevan Scholes, Richard Whittington

Over 750,000 students worldwide have used this best-selling book to understand and explore strategic management through their academic and professional careers. Available in two versions (Text and Text & Cases),Exploring Corporate Strategyhas established a reputation as a pre-eminent textbook in its field, based upon the expertise of authorship, range of cases, depth of commentary and wealth of supporting resources. The 8th edition builds on these strengths, including coverage of key topic areas in this fast-moving discipline such as internationalisation, innovation and entrepreneurship. It is written for students of Strategic Management at all levels.  


Corporate Strategy: Theory and Practice - Ulrich Pidun
Corporate Strategy: Theory and Practice - Ulrich Pidun

Corporate Strategy” presents frameworks and concepts for strategy development that have proven to be useful in corporate practice. The book covers the fundamental questions of daily strategy work and illustrates them with examples from real companies. It addresses all key elements of corporate strategy in a clear and systematic way  


Corporate Strategy: Tools for Analysis and Decision-Making - Phanish Puranam, Bart Vanneste
Corporate Strategy: Tools for Analysis and Decision-Making - Phanish Puranam, Bart Vanneste

Many companies are not single businesses but a collection of businesses with one or more levels of corporate management. Written for managers, advisors and students aspiring to these roles, this book is a guide to decision-making in the domain of corporate strategy. It arms readers with research-based tools needed to make good corporate strategy decisions and to assess the soundness of the corporate strategy decisions of others. Readers will learn how to do the analysis for answering questions such as 'Should we pursue an alliance or an acquisition to grow?', 'How much should we integrate this acquisition?' and 'Should we divest this business?'. The book draws on the authors' wealth of research and teaching experience at INSEAD, London Business School and University College London. A range of learning aids, including easy-to-comprehend examples, decision templates and FAQs, are provided in the book and on a rich companion website.  




Companies who attended our courses


AG Insurance, Allianz Benelux, Argenta NV, AXA Belgium, Baloise Insurance, Banca Monte Paschi Belgio S.A., Bank De Groof, Banking Association (Kosovo), Belfius Investment Partners, BNP Paribas Fortis, Bpost Bank, Buy Way, CBC Bank, Cegeka, Celio Finance SPRL, Credendo, Delen Private Bank, Delta Lloyd Life, Deutsche Bank AG, DKV Belgium, Ethias SA, Euler Hermes Services, Euroclear Bank SA/NV, Euroclear Investments, Europ Assistance, European Investment Bank – EIB (Luxembourg), European Union – EDFIMC / ElectriFI, Flanders Investment & Trade, Gras Savoye Belgium, Incofin Investment Management, ING Bank België, KBC Bank, Mastercard, Ministry of European Integration (Kosovo), National Bank of Belgium, NN Insurance Belgium, Petercam, Record Bank, Société Générale Private Banking, SWIFT, The Royal Bank of Scotland (RBS), Triodos Bank, VGD International – Audit & Tax, Wolters Kluwer Financial Services, Zurich Insurance plc, Belgium branch, Vanbreda International
 
Afton Chemical SPRL, Air Liquide, Allnex Belgium SA/NV, ANL Plastics, Ansell, ARC Europe SA, Arcelor Mittal (Belgium & Luxembourg), Axalta Coating Systems, BASF Antwerpen, BASF Belgium Coordination Center, Beaulieu International Group, Bekaert, Borealis Polymers NV, Bridgestone Europe SA, CNH Industrial Belgium NV, Cofely Fabricom, Cytec Belgium, DOMO Chemicals (Germany), Donaldson, Dow Corning, Electrolux Appliances AB, Engineered Pressure Systems International, European Owens Corning Fiberglas, Fost Plus, GDF Suez, Griffith Foods, Hamon & Cie, Heraeus Electro-Nite International NV, Jacobs Belgium, KODAK SA/NV, Milliken Europe, Niko Group, NXP Semiconductors (Netherlands), SOLVAY, SPX Cooling Technologies, Synventive Molding Solutions (Germany), TERUMO EUROPE, Tessenderlo, Vinçotte International, VPK Packaging Group NV, WABCO, Yara Belgium NV
 
Antwerp World Diamond Centre, AVEVE Biochem NV, Carrefour Belgium, Delhaize Corporate Group, Godiva, IKEA

Abbott Logistics B.V. (Netherlands), AbbVie (Canada), Agfa HealthCare NV, Alcon, Alcon-Couvreur, Amplifon, AZ Sint-Blasius, Baxter International (Austria), Catalent Pharma Solutions, CinnaGen (Tehran), Datwyler Pharma Packaging International, Groep OZ ESV, Hologic, Landelijke Christelijke mutualiteit (LCM), Mutualités Libres: MLOZ, Novartis Pharma, SA Bristol-Myers Squibb Belgium NV, Stryker (Netherlands), Terumo BCT Europe NV, UCB, Zorgbedrijf Antwerpen
 
AW Europe, Belgacom, Belgian Nuclear Research Centre (SCK-CEN), CISCO, Corelio Printing, De Persgroep Publishing nv, EDF Luminus, Elia System Operator, Engie Electrabel NV/SA, Eni Gas & power, Fluxys Belgium, INFRABEL, Itineris NV, KEYRUS, M-Team, NRB, ORANGE, Proximus, Siemens, Telenet
 
Agentschap Innoveren en Ondernemen, Europees Parlement, Ministry of European Integration, National Agency for Protection of Personal Data, Nationale Loterij, SD Diensten NV (SD Worx), SESAR Joint Undertaking, Stad Antwerpen, Stadsbestuur Harelbeke, Syntra Brussel, UGent – FBW, Vrije Universiteit Brussel (VUB)
 
Acturus sprl, ARC Europe, BDO, BIA Africa, Bia Overseas, Brooser BE Operations, Capgemini, Cipal Schaubroeck, Compass-Group, Computacenter, Computer Task Group, Deloitte Accountancy, Egemin International, Enhesa International, FIS (former Clear2Pay), Interel Group, K&L Gates, Matexi NV, Minds&More, Pricewaterhouse Coopers, PwC Tax Consultants, Securex, Toreon, Vinçotte International sa
 
Alcopa, Alstom Belgium, ARC Europe, Brussels Airport Company, De Lijn, D'Ieteren Auto, EUROCONTROL, Gemeentelijk Havenbedrijf Antwerpen, Globachem nv, GSC Greensea Chartering, HONDA Motor Logistics, JBT, Neovia Logistics, NMBS, PSA Antwerp nv, Seatrade Reefer Chartering, Thalys International, Trimble T&L, Volkswagen Group Services, Wallenius Wilhelmsen Logistics Zeebrugge NV, Westlandia, Witzenmann Benelux nv

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 Kris De Clercq
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