The art and science of strategic decision making
For the first time in Egypt and in partnership with the Professional Development Foundation (PDF); London business school is having its first open enrollment program in “Strategic Execution.”
The program is targeting Business executives who constantly make important strategic decisions and take strategic actions with lasting consequences in an uncertain world.
Every year, companies invest an extraordinary amount of time, money and effort into the creation of the perfect strategic plan. A well-planned road map for success. Yet few companies actually reach their destination. A recent study of companies with over $500M in revenue found that more than 66% set targets that exceeded 9% real growth, yet less than one company in 10 achieved this level of success. In fact, of the companies analyzed only 13% were able to achieve 5.5% compound annual growth rates while providing shareholder returns in excess of their cost of capital. Clearly, there is a significant roadblock between the strategic plans these companies develop and the results they achieve.
Don't you find it surprising that most executives are self-trained in strategic execution? In this session, we will explore answers to such questions as (1) what are criteria for judging decision quality facing risk, (2) what is the relationship between a decision, its execution and its outcome, (3) what about accountability for strategic decisions made and their execution under uncertainty. We will discover that strategic decision-making and strategic execution are critical skills at which we can all become proficient.
The process of decision making is about fostering effective communication. Effective communication will lead to the development of a shared understanding of the decision problem. The ultimate goal of a good process of decision making is achieving joint commitment to action. This is the pre-requisite for effective strategic execution and links directly to creativity, experimentation, innovation. Decision making involves developing and choosing among strategic alternatives and new business initiatives. Execution addresses how to make these new initiatives happen effectively.
At the end of the seminar you will be able to…
- Understand that good strategic decision-making is a process at which we can all become proficient.
- Structure strategic execution problems.
- Facing uncertainty, understand what the relevant criteria of execution quality are.
- Determine accountability for decisions made and their execution facing uncertainty.
THIS WORKSHOP WILL ENABLE YOU TO:
- develop a talent management strategy for your organisation
- identify practical actions for how to recruit, retain and manage key talent
- recognise the practical challenges your organisation may face in the recruitment, retention and management of key talent and identify practical ways to overcome
- develop practical action plans for a talent management program within your organisation.
ABOUT LONDON BUSINESS SCHOOL
Leading the way in management education and research
Ranked as one of the finest business schools in the world, London Business School delivers the very latest thought leadership, insights, and skills to invigorate business and inspire leaders. It nurtures a richly collaborative learning environment where a highly passionate community shares experiences, cultures and perspectives that are truly diverse.
Students and participants come from more than 130 countries and every major industry sector. They are taught by faculty who are highly respected, widely published academics, fully engaged with the business world. The result is an influential, global network of accomplished and energized business leaders.
Why Executive Education at London Business School?
Our range of executive programs is designed to change your business. We don't tell you what to think; we inspire you to think differently.
- Highly practical Executive Education programmes that enable you to explore your business challenges and implement new knowledge and skills immediately upon your return to work.
- Bespoke programmes that respond to the critical business challenges facing your organisation.
Prof. Zeger Degraeve
Professor of Decision Sciences at London Business School. Zeger Degraeve is a leading expert in decision-making, operations research and managing project portfolios. An award-winning teacher, he has contributed to executive development programs in Europe, Africa, Asia, the Middle East and North America for leading businesses including: HSBC, Cadbury Schweppes, Novartis, Rio Tinto, E.on, Carlsberg, Zain/Celtel, Orascom, Dubai Holdings, IBM, SABIC and Majid Al Futtaim. Zeger Degraeve established London Business School's new centre in Dubai, and from September 2007 until July 2009 he has served as the centre’s faculty director. In July 2008, he was appointed the inaugural Chair Sheikh Mohammed bin Rashid Al Maktoum Professor of Innovation at London Business School. This is in recognition of his innovative work establishing London Business School programs at a foreign location, a first in the School's history.
Zeger Degraeve’s research has won several awards, including: the Association of the European Operational Research Societies’ (EURO) Prize for Best Applied Paper and the Chairman's Award for the Best Applied Contributed Paper by INFORM (The Institute for Operations Research and Management). He has published over 50 articles on decision making, optimization, scenario analysis and risk assessment for leading journals, including: Management Science, Operations Research, INFORMS Journal on Computing, European Journal of Operational Research, Interfaces and Harvard Business Review. He is also a regular speaker at international conferences.