Traditionally, strategic management has been the playground for only senior management and leadership positions. Over the years, with dissolving boundaries and disappearing hierarchies in increasingly flat organizational structures strategic management and leadership have undergone a huge change. With people analytics appearing as one major trend in 2018, more organizations are now paying attention to employee experience. Consequently, we are likely to see changes in leadership and strategic management practices in 2019 – 2021.
The complexity of business growth leads to collaboration in 2019 – 2021:
Business was never an island for any company. More so in the current scenario where so many things are interlinked increasing interdependence, number of stakeholders and information sources. With leaders being unable to handle a mix of all these on their own coupled with political and economic changes; they seek collaboration with the best minds in their organization.
Digitization to manage information overload in 2019 – 2021:
Leaders in today’s organizations are boggled by the mind numbing amount of information. Hence, a key trend is complete digitization of the office space with in-built analytics software which cull data results and present them in the format usable by leaders. This is an important move towards making better and more timely decisions.
Digital skill enhancement among leaders in 2019 – 2021:
With business headed towards existence on the virtual ecosphere, it is necessary for leaders to enhance their digital skills. With analytics becoming an integral part of businesses it is only necessary for leaders who wish to hold their spots to enhance their own skill sets, just like that of their employees.
Empowering employees to don strategic hats in 2019 – 2021:
Just as hierarchical boundaries are blurring so are the typical roles in an organization. Also, with an increase in the operations magnitude of today’s global companies as well as the need for employee experience, leaders are providing project based strategic responsibilities to an increasing number of employees. This is a strategic move to develop and hone leaders for tomorrow.
Qualitative data is just as important in 2019 – 2021:
Though traditionally number crunching has been extremely instrumental in making key business decisions, more leaders are now paying attention to qualitative data. Since customer and employee experience is now a priority, leaders are employing qualitative data analysis to enforce positive changes.
Innovation and creativity is getting a boost in 2019 – 2021:
Leaders are realizing the challenges of the complex business environment. They are therefore encouraging strategic collaborations across teams and different business units in their company to provide a boost to creativity and come out with innovative solutions to complex business problems.
Contextual problem solving in 2019 – 2021:
Another emerging trend for 2019 – 2021 would be contextual problem solving. External environment can create situations which may need adaptation to a business’s internal environment. Leaders are understanding this need and paying a lot of attention to the entire business ecosystem.
With the above trends leadership and strategic management is sure to break new frontiers in the coming year.
The Executive Development Program in Strategic Management from XLRI Jamshedpur is a 6 months course with live and interactive classes and convenient class schedules which is available on the Talentedge platform.
The strategic management course gives you exposure to all the relevant frameworks in strategy including leading theoretical perspectives in strategy, the process of resource analysis, management and acquisition. It teaches participants to define the direction of their respective organizations by contributing to the formulation and implementation of strategy to solve problems. It covers the relevance of strategy for small and new ventures as well as large international firms.
It aims at enabling participants to:-
- Understand the tools and framework in strategic management
- Analyze organizational competencies and resources
- Appreciate the difference between business-level and corporate-level strategies
- Examine the importance of strategic innovation and strategic transformation
- Understand the relevance of macro-level factors for pursuing sustainable growth strategies.
The strategic management course from Talentedge is designed for executives who are handling key strategic roles in their organizations. It would also be useful for executives engaged in the operational and functional decision-making processes of their organizations. The strategic management course would be very helpful for young executives who aspire to move into roles that would require them to engage in strategic thinking and decision making.
The fee for Indian participants is INR 70000/- + GST and for international students, the fee is USD 1600/-. The eligibility criteria are graduation with a minimum of 6 years of work experience.
The primary method of instruction is live lectures which are beamed online via the internet to the student’s desktops, laptops, and classrooms. XLRI faculty will deliver lectures that will consist of corporate anecdotes and participative discussion. Access to SLIQ Cloud Campus will be provided through which other learning aids like assessments, materials, case studies, project assignments, may be accessed. Participants will have the flexibility to reach out to the professors in real-time during the class or offline via the SLIQ Cloud Campus to raise questions or clear doubts.
The syllabus of the course includes fundamentals of management, environment and industry analysis, resource-based strategy and business strategy, corporate strategies (diversification, acquisitions, and alliances), corporate governance, globalization & international business, managing innovation and entrepreneurship, managing strategic change, corporate sustainability and public policy.
XLRI Strategic Management Course Review
A strategic perspective enables liberation from the silos of partitioned thought and promotes the achievement of goals at the organizational level. Several leaders and managers use the resource based on logic in making strategic decisions. The XLRI strategic management program powered by Talentedge intends to explicate the role of industry analysis, resource-based thinking, and innovation focus in strategizing for growth. It is ideal for middle and senior-level management.