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Strategic Management - Decision Making Process and Tools

  • Description
  • Outcome
  • Certification
  • The free online course Strategic Management - Decision-Making Process and Tools looks at how top managers use the decision making process and associated tools to implement long-term goals and objectives.

    The course begins by introducing you to the decision making process involved in strategic management. You will learn about important decision making steps, from determining the mission or purpose of an organization to specifying objectives and goals to formulating a strategic plan and through to monitoring, reviewing and evaluating the strategic plan. The course then introduces you important topics in strategic management, such as strategic competitiveness, strategic risk, strategic flexibility, and internal and external analysis and what role they play in the decision-making process. Finally, you will learn more about the 7-S Framework from McKinsey. This management model is used as an organizational analysis tool to assess and monitor changes in the internal situation of an organization. The components of the 7-S Framework are: Structure, Systems, Style, Staff, Skills, Strategy and Super Ordinate Goals. You will learn how a change in any one of these components of an organization can be analyzed to determine its effect on the other components.

    This course will be of great interest to managers and professionals in the area of strategic management, who would like to learn more about effective decision making processes that can guide a business’s future direction.

  • Having completed this course you will be able to:
    - Describe the decision making process in Strategic Management;
    - Describe internal and external analysis;
    - Describe Mintzberg's Modes of Strategic Decision Making;
    - Describe aspects of corporate planning;
    - Describe a conceptual model of corporate planning;
    - List the 7-S Framework;
    - Describe the role of each component of the 7-S Framework.

  • All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.

    Having an official Alison document is a great way to share your success. Plus it’s:

    • Ideal for including in CVs, job applications and portfolios
    • An indication of your ability to learn and achieve high results
    • An incentive to continue to empower yourself through learning
    • A tangible way of supporting the Alison mission to empower people everywhere through education.

Strategic Management - Decision Making Process and Tools
  • Free

  • 2-3 Hours

  • NPTEL

  • Assessment

  • Certification

  • 50 Pts

Modules List( 4 )
  • STRATEGIC MANAGEMENT - DECISION MAKING PROCESS AN...
  • Strategic Management - Decision Making Process and Tools Course Resource Document View Resource
  • Module
    1
    Introduction to the Decision Making Process in Strategic Management
    • In this module you will learn more about strategic flexibility and its role in strategic management. You will learn about the decision making process and the internal and external methods of analysis in strategic management. Finally, you will learn about the four main activities of learning organizations.
    • Learning Outcomes
    • Strategic Management - Decision Making Process
    • Strategic Management - Internal and External Analysis
    • The Learning Organization
    • Lesson Summary
  • Module 2: More about the Decision Making Process and Corporate Planning
    • In this module you will learn about Mintzberg's Modes of Strategic Decision Making and how to implement them. You will learn about aspects of corporate planning and study a conceptual model of corporate planning, with examples throughout.
    • Learning Outcomes
    • Modes of Strategic Decision Making
    • Corporate Planning
    • Conceptual Model of Corporate Planning
    • Lesson Summary
  • Module 3: Introduction to the 7-S Framework
    • In this module you see how organizations can change by implementing the 7-S Framework from McKinsey. You will study in detail the role of each component of the 7-S Framework.
    • Learning Outcomes
    • Change within Organizations
    • The 7-S Framework - Part 1
    • The 7-S Framework - Part 2
    • Lesson Summary
  • END OF COURSE ASSESSMENT
  • Module 4: Strategic Management - Decision Making Process and Tools Assessment
    • You must score 80% or more to pass this assessment.
    • Strategic Management - Decision Making Processes and Tools Assessment
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