Course Schedule

The 10-day Strategic Vision & Business Risk Management Strategies

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COURSE OVERVIEW

Effective strategic tools and skills are highly prized in corporate leaders. Forward-looking strategy formulation can make the difference between a profitable business and one that stagnates. Managing business risk is about the application of planning and good governance to maximize success and proactively manage uncertainty that may affect operational performance, achievement of business objectives or meeting stakeholder expectations.

This course is designed to combine proven-by-practice methods with new insights and ideas from a wide range of current strategic thinking. Strategic planning places the emphasis on leadership. Leadership becomes key not who is the leader. The use of lateral thinking, KPI/performance measurement and how to prepare organizational culture also features After all strategic leadership means getting people moving and heading for a positive future with vision. This course explains step by step how to achieve this.

This training course is intended to provide both risk and non-risk professionals with concepts that allow them to recognise and escalate risk-related issues before they become too severe. The course provides a pragmatic approach to the management of most common business risks and helps participants to maintain a Business Risk Plan.

This 10-day Strategic Vision & Business Risk Management Strategies training course consists of two modules which can be taken as a 10 Day Training course, or an individual, 5 Day courses

Module 1 – Strategic Planning, Development & Implementation

Module 2 – Effective Business Risk Management Strategies

LEARNING OBJECTIVES

The 10-day Strategic Vision & Business Risk Management Strategies is based on accomplishing the following objectives:

  • Identify strategic planning steps (vision, strategy development, strategy implementation and culture) to develop a unique organizational competitive advantage
  • Learn key analytical and conceptual approaches to expand your understanding of strategic leadership in practice
  • Align your organization with your strategic goals by integrating strategy, planning, KPI/performance measurement and sample department/individual performance (and out performance) objectives
  • Incorporate customer (and all stakeholder) needs into your strategic planning
  • Recognize how the actions of customers, competitors and your own organization determine business outcomes
  • Avoid the common pitfalls and risks of management
  • Identify the steps for managing departmental/business risk
  • Lower costs and confusion
  • Prioritize stakeholder input and support
  • Set departmental expectations and establish risk ‘recovery’ plans
  • Communicate with and control of/influence over stakeholders to minimize risk
  • Develop a personal business risk plan

TARGET AUDIENCE

The 10-day Strategic Vision & Business Risk Management Strategies course is designed for:

  • All professionals & leaders from any industry who desire an in-depth knowledge of best practices in strategic planning, development, and implementing a plan
  • Anyone who is interested in developing their capacity as a strategic thinker
  • Anyone who has the responsibility for translating a vision into a plan, into being understood by the workforce, and seeing the vision be transformed into reality
  • Senior executives and management level employees involved in the formation and implementation of business strategy.
  • All employees who need to improve their proactive business risk management and risk communication skills.
  • Risk management professionals
  • Senior Management Team responsible for the business risk management function or process
  • Senior Internal Auditors and assurance professionals such as those in Compliance and QA functions who are being asked to review the business risk process
  • Finance and insurance professionals who need knowledge of the wider approach to business risk management.

TRAINING METHODOLOGY

Our highly practical experiential learning method is results-oriented; based on an adult learning concept; incorporates short inspiring lectures with structured lessons from the learning manual; captivating PowerPoint slides with videos to enhance learning; ongoing discussions with action planning; ample time for Q&A; training activities to reinforce key concepts within a fun learning environment; and is designed to function as an interactive group process with delegates continuously building their capacity through interaction and experiential learning.

Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.

COURSE CONTENTS

DAY 1 - An Introduction to Strategic Leadership Principles

  • KeyTopics:

    • Strategic leadership principles (or why, in the same environment, does business performance vary?
    • The role of strategic leadership and why it matters
    • An overview of the strategic leadership and strategic planning processes
    • Know the difference between a strategic plan and a business plan
    • Understanding your organization’s mission and vision (and its crucial importance)
    • Assessing your organization’s current and desired the external and internal environment

DAY 2 – Formulating Your Strategic Plans

  • KeyTopics:

    • The ingredients (organizational activity system) of strategic planning and its impact on competitive advantage/the bottom line
    • Effective strategy planning processes: strategic capability (what we want to do), organizational capability (how we want to do it) and resource capability (knowing we can do it)
    • The core strategic choices for an organization: what is and is not strategic planning
    • The top manager as strategist planner: the competencies of strategic leadership

DAY 3 –Strategic Alignment and Performance

  • KeyTopics:

    • Creating a strategic management map
    • How to get every employee headed in the same direction with shared purpose
    • Knowing the key building blocks of strategic leadership execution
    • Understanding how performance (growth and profitability) are the result of alignment between employees, customers, strategy, and processes
    • Integrating the resources and business systems to achieve performance
    • How to bring together previously unconnected parts of the organization into an interrelated, easily comprehensive, model to achieve consistent, defined levels of performance

DAY 4 - Strategy Implementation and KPI/Performance Measurement

  • KeyTopics:

    • Old and new learning on strategy implementation and delivering performance
    • What should a detailed strategy implementation plan contain?
    • What strategic management implementation requires?
    • Identifying your core strategy implementation plan
    • Identifying department and individual KPIs
    • Communicating the strategy and overcoming internal political resistance

DAY 5 –Being a Strategic Leader

  • KeyTopics:

    • Building ‘strategy making’ and implementation into the role of managers at all levels
    • Developing strategic leadership and management implementation capability
    • Team exercise
    • Creating organizational commitment to the business strategy
    • Reviewing and evaluation implementation performance progress
    • Leading effective strategy making teams
    • Back to work action planning

DAY 6 –Introduction to Risk Culture

  • KeyTopics:

    • Introduction to managing risk and effective risk management techniques
    • Definitions and key approaches to implementing a risk culture
    • Learn from real cases of risk culture ‘failure’
    • Develop practical techniques for risk culture management
    • Appreciate the limitations of risk assessment tools
    • Discover the latest developments in risk practice and standards

DAY 7 – Planning to Mitigate Risk

  • KeyTopics:

    • The three primary business risks in order of frequency of occurrence
    • The different types of risk assessment tools
    • Implement a risk departmental culture
    • The role of external pressures, including regulations
    • The barriers to risk culture control

DAY 8 –Integrating Business Risk into Day-to-Day Activities

  • KeyTopics:

    • Analyze the root causes of risk
    • Integrate business risk and opportunities for innovation into your role
    • Overcome barriers to embedding risk management and potential solutions
    • General management techniques to add value to the risk-based decision-making
    • Assessing and prioritizing risks is determining its probability and impact

DAY 9 -Embedding Risk Management

  • KeyTopics:

    • Identify behaviors that support risk management
    • How to encourage and draw maximum benefit from positive behaviors needed to embed risk management
    • Analyze the problems that currently frustrate you, reinvigorating yourself with the fresh focus
    • Break risks down into their component parts and explore how each element relates to risk
    • Communicate and implement the action plan you develop on the course

DAY 10 –Risk Reporting for Maximum Business Benefit

  • KeyTopics:

    • Articulate and report to management/team risks that could have an impact on your department
    • Conduct (quick) quality and typical management risk assessments
    • Assist risk owners to resolve problems
    • Communicate the benefits of risk management and win the support of stakeholders
    • Advise senior managers/team members on improving systems
    • Intervene to address instances where risk management efforts are being hampered
    • Action planning: 10 reminders for the risk champion

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