The ultimate aim of all businesses is to achieve their overall Strategic Goals. However, it is widely accepted that around 70% of organisations fail to achieve their Goals – in other words, they fail to implement their chosen strategy successfully. There are many underlying reasons: but one (often ignored) factor is the effective alignment and balance between strategic ambition and the associated risks inherent in the strategy. During a period of rapid change and disruption, Risk becomes an even more important factor for business management. Most organisations overweight ambition and underweight risk in their forward planning, and the inevitable outcome is non-achievement of the organisation’s strategic goals. This 2-day course highlights the subject and recommends tools and techniques that can be used to help manage a better balance between the conflicting factors of ambition v risk.
Brief overview of strategic management and its components
Risk in the context of strategic management. What are the common risks?
The need to integrate Risk and Strategy in the strategic performance management system
Practical actions (and examples) of how organisations implement an agile-strategy approach, without losing sight of their long-term Vision and Goals
Who should attend?
• At corporate / organisation level • Executives, managers and supervisors in Strategic & Operational Planning and Performance Management • Finance managers & supervisors focused on management accounting • Risk Management – managers & supervisors at corporate and Business Unit / Department levels • Other corporate level functions concerned with balancing business performance with risk management • All corporate level employees whose career development will take them into planning, performance management or risk management functions as their next career step • At Business Unit, Division & Departmental levels • Executives, business managers and supervisors across all functions who have responsibility for planning / budgeting and managing the performance results of their Units • Planning, performance management and finance functions within each Unit • All Unit employees whose career development will take them into planning, performance management or risk management functions as their next career step