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CPEs:
24
Instructor:
Risk Reward Faculty
Level:
Intermediate
Tuition:
£2,995.00
NEW Developing Organisational Strategy Framework and Policy Development BSL014
Location: UK Europe EMEA GCC Time Zones
First Date: Apr 22 - 24 2024
Duration: 3 days
Programme Director: Risk Reward Faculty
All Dates & Locations
Venue Details
Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.
All our 2024 Live, on-site and Live Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.
Need to bring this course in house, train your team or 1:1? Simply contact us for significant cost savings and dates best suited to meet your specific needs.
Agenda Highlights
Session 1: What is Strategy?
Session 2: Strategic Models
Session 3: Establishing a Clear Vision
Session 4: Analysing the Business Environment and Influences
Session 5: Developing Strategy
Session 6: Strategy in Practice
Session 7: Implementation of Strategy
Session 8: Analysis of Resources
Session 9: Dealing with Innovation
Session 10: Monitoring Strategy
Session 11: Example Frameworks and Policies Review
Session 12: Summary, discussion, and Q&A
Overview
Having an appropriate and forward-looking strategy is critical for any organisation to achieve their goals and missions. Given the nature of the changing environment, identifying the trends and customer expectations leading to the development of an appropriate strategy is of primary importance.
This course takes delegates through the key elements of strategic risk, enabling them to understand the challenges and approaches that they are likely to face and action in practice.
Who Should Attend
Designed primarily for senior management, planning and strategy functions, risk management and operations management and personnel.
Additional Course Information
What Does It Cover?
Session 1: What is Strategy?
- The meaning of ‘Strategic’
- Three Core areas of Corporate Strategy
- Process, Content and Context
- Process linking the core areas
- Strategy, Governance and Goals
- Strategy and planning
What is strategic risk management?
Case Study: What does strategy mean to you? Does it drive activity?
Session 2: Strategic Models
- Prescriptive Strategies
- Emergent Strategies
- Business Level Strategies
- Choosing Generic Business Level Strategies
- Types of Business Level Strategies
- Strategic Groups and Business-Level Strategy
Comparing potential strategies
Case Study: Comparing potential strategies – what information do you require?
Session 3: Establishing a Clear Vision
- ‘Mission’ Vs ‘Vision’
- Why strategic plans fail and how to avoid failure
- Agreeing a Robust Vision
- Bank vision and mission statements in practice
- Clarity and measurability
- Getting Buy-in to the vision
Reporting requirements
Case Study: Building a consensus
Session 4: Analysing the Business Environment and Influences
- Exploring the business environment
- The external environment and its impact
- The general environment and market segment
- Changes in the environment and its impact on strategy including AI
- Analysing competitor strategies
- What are the key Influences Impacting products and services?
Customer Analysis and product differentiation
Session 5: Developing Strategy
- Understanding where you are
- What does this mean for your vision?
- Developing the mission into goals and strategy
- Analysing strengths, weaknesses, opportunities, and threats
- Building the environmental analysis into strategy development
- Identifying strategic options
- Considering the risk of getting this wrong
- Setting objectives and communicating the strategy
- Developing assumptions
Key elements of the strategic framework
Case Study: Develop a suitable strategy for an extant business
Case Study: Translating strategy into business outcomes
Session 6: Strategy in Practice
- What are firm’s strategies at present?
- Aligning strategy to goals and missions
- Aligning strategy to capital and liquidity requirements
- Balancing levels of risk within the risk appetite framework
- How can we improve our position?
- Assessing options
Developing suitable policies
Case Study: Review actual strategies – what are the risks?
Case Study: Reviewing strategic policies
Session 7: Implementation of Strategy
- Investment strategy
- The resource requirements
o Systems impact
o People issues
o Financial impacts - Monitoring the competitive position
- Market share as an indicator of competitive strength.
- Distinctive competencies as competitive tools.
- Life Cycle Effects
- Monitoring the implementation
When to review the strategy
Case Study: Develop a plan to address the implementation of strategy
Session 8: Analysis of Resources
- Analysing the Organisation
- The holistic approach
- Silo Issues
- Cross Organisational Assessment
- Assessment: Financial, Human Resources, Operations, Systems, Style
- What skills will you need?
Where does TPRM sit within your strategy?
Case Study: Are your business needs changing? Does this impact strategy?
Session 9: Dealing with Innovation
- How does innovation change your strategy?
- Where is innovation occurring in your markets?
- How is this changing customer perception?
What will this mean in the longer term?
Case Study: What innovation is most likely to impact your organisation?
Session 10: Monitoring Strategy
- Identifying key performance measures
- Using agile techniques
- Reporting to senior management
- Understanding causal factors
Building an efficient an effective structure
Case Study: Develop suitable performance measures for strategy
Session 11: Example Frameworks and Policies Review
Session 12: Summary, discussion, and Q&A
Learning Objectives
By the conclusion of this event delegates will have gained an understanding of how
- Business analysis conducted
- The SWOT analysis
- The vision development and its impact on strategy
- The development of strategy
- The implementation of strategy
- Monitoring and reporting of strategy
Social Learning & Methods
Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.
(An invitation via email with access link is included for all participants.)
Registration
NEW Developing Organisational Strategy Framework and Policy Development
Course Fee
Apply 10% discount code RISK10 by December 15, 2023 at check-out
Course Fee (per person):
GBP £2,995.00 (+ UK VAT when applicable)
Get in touch and see how Risk Reward can help you
Our London and Miami teams are ready to listen carefully to your needs, take the brief, explore options, offer suggestions and help you in a professional and friendly manner.