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Strategic Management - Decision Making Processes and Tools

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

Publisher: NPTEL
This free online Decision Making course will introduce you to decision making processes and tools. Top managers use the decision-making process and associated tools to implement long-term goals and objectives. With this course, you will learn the decision-making process involved in strategic management and important decision-making steps from determining the mission or purpose of an organization to specifying objectives and goals, and more!
Strategic Management - Decision Making Processes and Tools
  • Duration

    1.5-3 Hours
  • Students

    7,219
  • Accreditation

    CPD

Description

Modules

Outcome

Certification

View course modules

Description

The strategic management process is a full set of commitments, decisions, and actions required for a firm to achieve strategic competitiveness and earn above-average returns. With this course, you will learn the decision-making process in Strategic Management and the four main activities of learning organizations. You will also look into internal and external analysis and learn how strategic flexibility helps an organization respond to various demands and opportunities existing in a dynamic and uncertain competitive environment.

You will then study Mintzberg's Modes of Strategic Decision Making which include entrepreneurial mode, adaptive mode, planning mode, and logical incrementalization. You will look into the different aspects of corporate planning and cover the conceptual model of corporate planning. This course will also discuss how organizations can change. You will study the 7-S Framework from McKinsey which include structure, strategy, systems, skills, style, staff and shared values as well as the role of each component.

Implementing effective decision-making processes can guide businesses in their future direction. Upon the completion of this course, you will gain a deeper understanding of the important topics in strategic management such as strategic competitiveness, strategic risk, strategic flexibility, and internal and external analysis. You will also learn about the important role they play in the decision-making process so make sure to check this course out today to enhance your management skills and lead your organization to success!

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