This seminar will help participants define their organization’s strategy and particularly their sustainable competitive advantage by helping them understand their organization’s unique value proposition. It will also help you and your organization understand how decisions are made and help improve the quality of the decisions required to execute their strategy. Finally, it will help identify and hopefully mitigate risks to the execution of their organization’s strategy. We will also look at ways to find your company’s unique value proposition and to measure your success at creating a sustainable competitive advantage.
Learning Objectives
• Identify traps to avoid and improvements we can make so our decisions improve
• Recognize several tools and techniques to better prepare for and analyze risk
• Determine why Finance must lead the strategic planning effort
Major Topics
• Why do most strategic plans fail”
• Why so many formerly strong organizations have failed
• Why most organizations have a poor strategic plan and how to correct this
• The many risks that must be addressed: Financial risk, execution risk, commercial, business, and strategic risks as well as commonly overlooked risks
• How Behavioral Economics will help address the risk
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