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Strategic Management - Decision Making Process and Tools

Learn about the decision-making process and tools to successfully implement long-term goals and objectives.

Publisher: NPTEL
Learn about the decision-making process and tools to successfully implement long-term goals and objectives.
Strategic Management - Decision Making Process and Tools
  • Duration

    1.5-3 Hours
  • Students

    13,287
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

Strategic Management - Decision-Making Process and Tools is a course that teaches you 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.

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