Strategic Thinking: A Tool-Based Approach - STT
This course is a hands-on, case-based course focused on managers responsible for building and sustaining a successful strategic plan. Participants are exposed to a variety of perspectives on, approaches to, and tools for the conduct of strategic management. These tools address strategy from a macro and micro perspective. There is a major emphasis on historical, current, and potential "game changers", especially on how they are now transforming the industry's future. Applied projects during this course provide opportunities for individualized and team-based learning. Teaching approach follows an iterative process of interactive discussions, application of materials, discussion of results, and re-application of materials to new contexts.
Geologists, geophysicist, engineers, managers, and executives responsible for defining, assessing and developing business alternatives and strategy in the petroleum industry.
You will Learn:
Participants will learn how to:
- Summarize, present and discuss strategic management topics and issues
- Determine the factors that influence organizations to change their level of strategic thinking
- Identify, understand, analyze and evaluate the strategies of their own units/divisions and other businesses in light of current and potential "game changers"
- Describe, apply, draw, and defend conclusions from strategic analysis tools
Course Content:
- Review of the history of Strategic Thinking
- Assessment of the petroleum industry from a strategic perspective as a supplier of energy
- Understanding of how the industry responded strategically to historical events and what are the "game changers" that are now framing its future
- STEEPLE framework
- Michael Porter's Value Chain analysis
- Competitive Advantage: defined theoretically and quantitatively
- Cafe' Process
- SWOT (strengths, weaknesses, opportunities, threats) analysis
- Scenario analysis and planning
- Six Sigma
- Boston Consulting Group (BCG) Growth Share matrix
- Personal application of Strategic Thinking