Business Planning | All Modules
6h 40 min! Run Time
Employees
only
of Completion
What you'll learn
Skills covered in this course
Description
Strategic business planning is important because it provides clarity, direction and focus for the organization and therefore allows organizations to be proactive rather than reactive. It improves the organization’s management process and decision-making processes by enhancing allocative, operational, information and dynamic efficiency, including achieving a sustainable competitive advantage.
Other benefits include an increase in market share, profitability and business longevity. Therefore, it is imperative that decision makers understand the key concepts of Strategic Business Planning and be able to apply this knowledge effectively to create solutions to consumer, market, environmental and social problems.
These modules aims to provide students with the opportunity to develop and enhance their skills and knowledge in the field of Strategic Business Planning. The unit includes the following topics: Vision and Mission Statements, Strategy Formulation, Strategy Implementation and Strategy Evaluation. As part of this unit, students will have access to the Levant Planium—Pro software, including a step by step detailed explanation of the software functions and processes to develop and complete a strategic business plan for an existing business or new innovative venture.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Business Planning | All Modules
Vision, mission, and values statements sit at the heart of a strategic business plan, setting an organization's direction and shaping how it competes.
What this course covers:
- What vision, mission, and values statements are and how they differ
- How each statement communicates purpose to internal and external stakeholders
- The way vision and mission inform business strategy and decision-making
- How clear statements support a sustainable competitive advantage
You will finish able to recognize the role these statements play in strategic planning.
Strategy formulation is how an organisation chooses the best course of action to achieve its goals. This course explains where it fits within strategic business planning.
What this course covers:
- How formulation, implementation, and evaluation connect
- Turning vision and mission into strategic direction
- Designing a framework to achieve targeted results
- Learning through video, narration, infographics, and quizzes
Build a clear approach to formulating strategy.
Once a strategy is set, success depends on how well it is put into action. This course introduces the processes, resources, and controls that turn strategic plans into results.
What this course covers:
- Why implementation, not just formulation, determines strategic success
- Building committed teams and maintaining stakeholder relationships
- Directing resources and using formal reporting to track progress
- Staying flexible as market conditions change
- Comparing internal resources with external opportunities
Features video with audio narration, infographics, and short quizzes.
Strategy evaluation is how you find out whether a plan is actually working. This course explains how to measure performance against your goals and refine strategy so your organisation stays competitive.
What this course covers:
- How strategy evaluation fits the wider strategic management process
- Key questions for judging whether a strategy is on track
- Monitoring internal and external environments
- Linking evaluation to financial plans, vision, and mission
Dynamic video narration, infographics, and short quizzes reinforce each idea.
Strategic planning gives an organization the clarity, direction and focus to act proactively rather than react.
What this course covers:
Delivered with video narration, infographics and short quizzes.