The Strategy in the Environment
Social and Political Environment of Business
clear understanding of the environment of the firm, especially of the
political economic milieu, the relationship between government,
business and society, and trends in national strategy within the
context of international political economy trends, is an imperative for
the strategically-minded general manager. This unit is designed to help
managers identify a broad range of stake-holders in the environment of
the firm with a view of enhancing the capacity for managing
relationships with these stake-holders.
Always the central theme
is that the cost and management accounting function exists within a
business primarily to facilitate the development and implementation of
the business strategy. The principal aim is to provide participants
with knowledge and understanding of their costs and revenue, and how to
manage them to create sustainable competitive advantage.
increasing activity of regional and world economic groupings has
introduced international dimensions into competition among businesses.
The sessions on globalisation will provide insight into ways of
formulating strategies to manage emerging global challenges and
opportunities. Economic Analysis
Chief executives face a rising tendency for economic considerations to
dominate business decisions. CEO's are therefore under constant
pressure to determine the implications of economic developments for
their operations and manage the exposure of their companies
accordingly. The course will focus on analysis of economic risks, with
emphasis on policies for coping with shocks from economic fluctuations.Business Strategy
strategy session using the case study approach emphasises the unique
leadership role (often referred to as the helicopter view) of the chief
executive as the strategist, with practical examples of situations where
the strategy process is either planned and directed or contingent and
emergent. Concepts and tools will be presented for industry analysis
and for configuring the firm's resources to achieve a unique position
and sustainable competitive advantage.
For the sake of breadth
and versatility, generic strategy adaptations to specific settings will
be explored alongside the functional integration and other
organisational implications of strategy formation. Overall, the CEO will be
exposed to a combination of rational and insightful approaches to
creating some sense of the future (vision) and for generating
competitive advantage to superior firm performance with greater levels
of confidence into the long term.Strategic issues in running the Firm
of the major tasks of the enterprise is to analyse a firm's situation
and to develop solutions for the problems, opportunities and threats
confronting marketing decision makers. Through the case analysis,
participants will develop the analytic and thinking skills necessary to
make good decisions in real world marketing situations.
At the end of the sessions the CEO will have the ability to assess the costs and benefits of various marketing strategiesFinancial Strategy
finance sessions are designed to help chief executives understand the
key value drivers in their organisations and assess the impact of these
on overall value creation.
In addition, they will come to a
better understanding of the challenges of, and how best to value their
companies given the peculiarities of the Nigerian environment.
Sessions will cover the following:
- Strategic financial analysis to uncover key value drivers and the impact of these on the overall value of the company
- Value of a company or division
- Corporate restructuring and managing financial distress
Human Resources Strategy
has shown that human resource management can be a powerful tool to
enhance competitiveness when policies and practices are logically
driven by a firm's strategy and by the key environmental factors that
the firm faces. This course should help participants appreciate how
can implement human resource policies which complement and reinforce
their strategy. Strategy should influence who we select, what we
appraise, the criteria for compensation, what skills are required, etc.
On the other hand, the people we have, their skills, potentials, may
limit our strategic options.
programme will focus on the formulation of a comprehensive operating
strategy that develops a competitive advantage for an organisation.
Ways to optimize the operations value chain, leading to the management
of resources for higher productivity, will also be discussed.
Business Ethics - achieving organisational integrity
integrity refers to a condition in which an organisation's managers and
employees focus their energies on the attainment of the organisation's
common goals, rather than on pursuing private agendas. This course will
help CEO's reflect on the ways in which they can foster corporate
integrity in their companies.
Leading the Firm to Achieve Results
of the major tasks of the Chief Executive is to ensure that the Board
of Directors is effective in the directing role which it plays in the
management of the business.
In the sessions on corporate governance, participants will discuss some options for achieving the
proper balance between management and the board, and for making sure
that they both give the best value to the stake-holders of the business.
course identifies leadership as a key success factor for chief
executives whose enterprises must face the many challenges of a
constantly changing business environment. Through case studies and a
general discussion, participants analyze the roles and responsibilities
of CEO's as well as the skills and competencies that they need for
securing sustainable competitive advantage as globalization and other
trends portend an increasingly exciting future for business. The final
session encourages participants to apply the results of their study to
the situation in their own enterprises.
Evaluating Business Performance
primary concern of any company's Board and its Management is the
management of stake-holder value. Most often successfully managing it
depends on knowing what to manage.
It is also important to know
how to measure and communicate it. Some of these measures range from
the financial cash flow-based measures to the non-financial measures
like the Balanced Scorecard. This course presents some of these
measures as well as the techniques to apply them depending on the firms
operating environment and circumstance.
Shaping the future
is certain to occur in all organisations, yet people and organisations
tend to resist change. The consequence is that firms become unable to
compete. This course examines the motives for resisting change and what
approaches can be used to probatively manage change.
unit addresses the management issues arising from the use of computing
equipment and emphasizes ways in which existing and new technologies
can be deployed to support the information needs of managers. The IT
unit also includes an overview of leading information technology
Oral Presentation Skills
Making oral presentations is an important part of an executive's work. Participants
in this module are coached by a professional communicator to improve
their oral skills and their ability to prepare and deliver persuasive