5 Days - Strategies & Risk Management

Service Description

Day 1: Introduction to Business Strategy and Risk Management • Overview of business strategy and its importance in achieving organisational goals • Key elements of a business strategy: vision, mission, and objectives • Understanding the strategic planning process • Identifying and analysing internal and external factors influencing business strategy • Introduction to risk management and its role in strategic decision-making Day 2: Strategic Analysis and Formulation • Performing SWOT analysis: gauging strengths, weaknesses, opportunities, threats • Examining industry dynamics and competition • Spotting strategic choices, gauging viability • Opting for strategy: differentiate, cost lead, focus • Create objectives, set performance goals Day 3: Strategy Implementation and Execution • Translating strategy into action plans and initiatives • Resource allocation and budgeting for strategy implementation • Building effective organisational structures and systems • Leading and managing change during strategy execution • Monitoring and controlling strategic initiatives Day 4: Risk Assessment and Risk Mitigation • Understanding the concept of risk and its various types • Conducting a risk assessment: identifying, analysing, and prioritising risks • Developing risk mitigation strategies and contingency plans • Implementing risk management processes and practices • Monitoring and reviewing risk management activities Day 5: Business Continuity and Crisis Management • Introduction to business continuity planning • Identifying critical business functions and resources • Developing a business continuity plan • Crisis management and communication strategies • Conducting post-crisis analysis and lessons learned