Corporate Strategy (Improving Overall Performance)

 

Steering a successful company in the right direction is not an easy task especially if the management team is consumed by day-to-day activities and routine decisions. The proposed outline is built with management in mind as part of a corporate strategy workshop. Attending such a workshop will help management have a clear strategic framework as management continues to improve overall performance of the organization.

 


Business Process Reengineering (redesigning and streamlining existing workflows)

-          Difference between Business Process Reengineering and Continuous-Improvement Programs

-          Examples of successful implementation of Continuous Improvement Program

-          Examples of successful implementation of Business Process Reengineering Programs

-          Evaluating programs against corporate priorities and ensuring consistency

 

Revamping the value-chain system to achieve cost-efficiency

-          Value in revising value chain system (selling direct to consumers, streamlining operations by eliminating low-value-added activities, reducing materials handling).

-          Examples of successful companies that revamped their value chains and added value to shareholders

 

Evaluating overall effectiveness of existing business lines

-          Quantitative and qualitative methods of measuring business lines’ effectiveness

-          Allocating financial resources to business lines (considering long-term versus short-term pay off, dividend payments to shareholders, cash reserves)

-          Allocating non-financial resources to business lines (including management, sales and R&D team resources)


Course reading (optional):  Turning Great Strategy into Great Performance by Michael Mankins and Richard Steele: https://hbr.org/2005/07/turning-great-strategy-into-great-performance

 

Workshop outlines like this on Corporate Strategy are prepared by AllaVolodina and cover various business topics including marketing, strategy, finance, economics etc. You can also read other articles suggested by AllaVolodina(York University) here: www.allavolodina.com

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