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course | Business Strategy

Looking to excel in business strategy? Business Strategy in GCC offers applied tools, case studies, and certification.

SMCS-1090 | Business Strategy

Course Sector : Sales, Marketing and Customer Service

Duration
Date from
Date to Course Venue Course fees Book a course
5 Days28/12/202601/01/2027Dubai$4,250 Book now
5 Days14/03/202718/03/2027Riyadh$4,250 Book now
5 Days03/05/202707/05/2027Abu Dhabi$4,250 Book now
5 Days26/07/202730/07/2027Madrid$4,950 Book now

Course Introduction

Business strategies are critical to the success of every company, whichever industry it is in. However, developing an effective business strategy is easier said than done.
 

Harvard Business Review, in its research, indicated that 85 percent of executive leadership teams spend less than one hour per month discussing strategy, and half spend no time at all. The research also reveals that most employees don’t understand their company’s strategy.  No wonder that 90 percent of businesses fail to meet their strategic targets. Organizational leaders must ensure the company’s goals are strong and that the plan to reach them is purposeful, executable, and agile.


This training course is designed to provide participants with the essential and key concepts and strategies in order to develop and implement an effective business strategy. This training course will equip participants with the tools, frameworks, and knowledge to set goals, advocate for the benefits of strategic planning, formulate a winning strategy, and improve their strategic skill set.


Course objective

  • Gain a comprehensive understanding of how to evaluate business opportunities in the context of value creation.
  • Understand and utilize the concept of value stick, a research-based framework for strategy formulation, for key strategic decisions.
  • Establish sustainable success with the help of complements and network effects.
  • Design a strategic innovation toolkit and apply design thinking and innovative problem-solving tools.
  • Obtain an in-depth understanding of the language and tools of business strategy to contribute meaningfully to strategic conversations and your team’s success.
  • Create value for customers, employees, and suppliers, often in surprising ways, that rival companies will find hard to match.

Course audience

This training course is designed and beneficial for leaders, managers, and professionals involved in the planning, management, and implementation of business strategies.

Course Outline | 01 Day One

Creating Value for Customers
 

  • An Introduction to Value-Based Strategy
  • Sales Success and Willingness to Pay
  • Asking How
  • Near-Customers
  • Exercise: Identify ways to increase and decrease willingness to sell (WTS) to create a dual advantage
  • Exercise: Explore the idea of value drivers
     

 
Adding Value Through Complements
 

  • Understanding Complements
  • Shifting Value
  • Navigating the Frenemy Relationship
  • Discerning Complements from Substitutes
  • Exercise: Create a customer journey map to discover complementary products and services

Course Outline | 02 Day Two

Competing with Network Effects
 

  • Understanding Network Effects
  • The three types of network effects, their impact on WTP, and how to compete against dominant platforms.
  • Which Markets Will Tip
  • Strategies for Underdogs
  • Digital Platforms and Innovation
  • Exercise: Analyze the marketplace to determine how to lift WTP in ways that don’t rely on scale

Course Outline | 03 Day Three

Creating Value for Talent
 

  • Talent
  • Ways to make work more attractive for your employees
  • Linking Productivity and Customer Delight
  • Competing on Flexibility
  • Compensation Policy
  • The difference between lowering WTS and reducing compensation
  • Exercise: Create an employee journey map to find ways to improve the employee experience
  • Exercise: Explore the elements of the Good Jobs Strategy

Course Outline | 04 Day Four

Mastering Productivity
 

  • Measuring Productivity
  • Why are some companies more productive than others?
  • Economies of Scale
  • Opportunities to share value with your suppliers.
  • Teaching and Learning
  • Good Management
  • Exercise: Identify ways to improve supplier relationships
  • Exercise: Determine the difference between good management practices and productivity

Course Outline | 05 Day Five

Implementing Strategy
 

  • Value Maps
  • Evolving Your Value Proposition
  • Connecting Strategy, Activities, and KPIs
  • Move from strategy formulation to implementation
  • The importance of prioritizing
  • Differentiating strategic initiatives
  • Execution Challenges
  • Exercise: Determine the most important value drivers for your customers and employees
  • Exercise: Create a value map for your company
  • Exercise: Explore ways to prioritize the most important value drivers to grow your business
Course Certificates
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BOOST’s Professional Attendance Certificate “BPAC”

BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.

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A business strategy is a plan that explains how an organization will achieve its goals and compete successfully in its market. It typically includes:Business vision and objectivesTarget market and customer segmentsValue propositionCompetitive positioningProducts or servicesMarketing and sales approachResources and capabilitiesFinancial goals and prioritiesKey performance indicators (KPIs)Risks and contingency plans
A common framework identifies four major competitive strategies:Cost leadership – Compete by becoming a low-cost provider.Differentiation – Offer unique value that customers are willing to pay for.Cost focus – Use a low-cost approach within a specific market segment.Differentiation focus – Serve a specific niche with a specialized or differentiated offering.
The 5 P's of Strategy, associated with strategist Henry Mintzberg, are:Plan – A deliberate course of action.Ploy – A specific move designed to outmaneuver a competitor.Pattern – A consistent pattern of behavior over time.Position – The organization's place in relation to competitors and its market.Perspective – The organization's fundamental way of seeing and approaching its environment
There is no single universally accepted list of five. A practical classification is:Corporate strategy – Determines the organization's overall direction and business portfolio.Competitive/business strategy – Determines how a business competes in a particular market.Functional strategy – Translates business goals into plans for marketing, finance, HR, operations, etc.Growth strategy – Focuses on expansion through market penetration, market development, product development, or diversification.Operational strategy – Focuses on processes, resources, and day-to-day execution.
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