Strategic Management - Decision Making Process and Tools
Learn about the decision-making process and tools to successfully implement long-term goals and objectives.
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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.
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 enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire official Certification, which is a great way to share your achievement with the world. Your Alison Certification is:
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This Course has been revised!
For a more enjoyable learning experience, we recommend that you study the mobile-friendly republished version of this course.Take me to revised course.