Strategic Management - Decision Making Processes and Tools

Course Overview

What does this course tell?
(Please note that the following overview content is from the original platform)
The strategic management process is a full set of commitments, decisions, and actions required for a firm to achieve strategic competitiveness and earn above-average returns. With this course, you will learn the decision-making process in Strategic Management and the four main activities of learning organizations. You will also look into internal and external analysis and learn how strategic flexibility helps an organization respond to various demands and opportunities existing in a dynamic and uncertain competitive environment.
You will then study Mintzberg's Modes of Strategic Decision Making which include entrepreneurial mode, adaptive mode, planning mode, and logical incrementalization. You will look into the different aspects of corporate planning and cover the conceptual model of corporate planning. This course will also discuss how organizations can change. You will study the 7-S Framework from McKinsey which include structure, strategy, systems, skills, style, staff and shared values as well as the role of each component.
Implementing effective decision-making processes can guide businesses in their future direction. Upon the completion of this course, you will gain a deeper understanding of the important topics in strategic management such as strategic competitiveness, strategic risk, strategic flexibility, and internal and external analysis. You will also learn about the important role they play in the decision-making process so make sure to check this course out today to enhance your management skills and lead your organization to success!


We consider the value of this course from multiple aspects, and finally summarize it for you from three aspects: personal skills, career development, and further study:
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What skills and knowledge will you acquire during this course?
During this course, the learner will acquire a range of skills and knowledge related to strategic management and decision-making processes. They will gain an understanding of the strategic management process and the necessary commitments, decisions, and actions required for a firm to achieve strategic competitiveness and earn above-average returns.

The learner will also learn about the four main activities of learning organizations and how they contribute to strategic management. They will explore the importance of internal and external analysis in strategic decision-making and understand how strategic flexibility can help organizations respond to dynamic and uncertain competitive environments.

One of the key topics covered in this course is Mintzberg's Modes of Strategic Decision Making, which includes the entrepreneurial mode, adaptive mode, planning mode, and logical incrementalization. The learner will study each mode and understand their relevance in different strategic contexts.

Corporate planning is another important aspect covered in this course. The learner will gain knowledge about the conceptual model of corporate planning and its role in guiding organizational decision-making processes.

The course also delves into organizational change and the 7-S Framework from McKinsey. The learner will explore the components of the framework, including structure, strategy, systems, skills, style, staff, and shared values, and understand the role of each component in driving organizational success.

By completing this course, the learner will develop a deeper understanding of strategic competitiveness, strategic risk, strategic flexibility, and internal and external analysis. They will also gain insights into the important role these factors play in the decision-making process. Overall, this course will enhance the learner's management skills and equip them to lead their organization to success.

How does this course contribute to professional growth?
This course on Strategic Management - Decision Making Processes and Tools contributes significantly to professional growth. By studying the decision-making process in strategic management, individuals can develop a deeper understanding of how to make informed and effective decisions that align with the organization's strategic goals. This knowledge is crucial for professionals in leadership positions as they are often responsible for making critical decisions that impact the overall success of the organization.

Additionally, the course covers the four main activities of learning organizations, which are essential for continuous improvement and innovation. Professionals who can foster a culture of learning within their organization are more likely to adapt to changing market conditions and stay ahead of their competitors.

The course also delves into internal and external analysis, providing individuals with the tools to assess the organization's strengths, weaknesses, opportunities, and threats. This analysis is crucial for developing effective strategies and making informed decisions that capitalize on the organization's strengths and opportunities while mitigating its weaknesses and threats.

Furthermore, the course explores the concept of strategic flexibility, which is vital in a dynamic and uncertain competitive environment. Professionals who understand how to adapt and respond to various demands and opportunities are better equipped to navigate the challenges of the business landscape and drive the organization towards success.

The study of Mintzberg's Modes of Strategic Decision Making, including the entrepreneurial mode, adaptive mode, planning mode, and logical incrementalization, provides individuals with a comprehensive understanding of different decision-making approaches. This knowledge allows professionals to tailor their decision-making processes to the specific needs and circumstances of their organization.

Moreover, the course covers the 7-S Framework from McKinsey, which examines the interconnectedness of various components within an organization, such as structure, strategy, systems, skills, style, staff, and shared values. Understanding the role of each component and how they interact with one another enables professionals to make more holistic and effective decisions that consider the broader organizational context.

Overall, this course equips professionals with the necessary knowledge and skills to make strategic decisions that drive organizational success. By enhancing their understanding of strategic competitiveness, strategic risk, strategic flexibility, and internal and external analysis, individuals can become more effective leaders and contribute to the growth and prosperity of their organizations.

Is this course suitable for preparing further education?
Yes, this course is suitable for preparing further education as it provides a comprehensive overview of the decision-making process in Strategic Management and the four main activities of learning organizations. It also covers topics such as strategic competitiveness, strategic risk, strategic flexibility, and internal and external analysis, which are essential for further education. Additionally, the course provides an in-depth look into Mintzberg's Modes of Strategic Decision Making, corporate planning, and the 7-S Framework from McKinsey, which are all important topics for further education.