A strategic management course from a top business management school will help you with the following:
However, despite the knowledge about the topic, questions still remain.
By reading this article, these questions will be answered and you will be able to understand why strategic management course is an investment worth making.
There are numerous reasons why you need to take a strategic marketing course as part of leadership development process. For one, you will learn SWOT Analysis that can help you improve your strategic analysis capabilities. It can also help you with strategy implementation and environmental analysis.
There are also other 4 compelling reasons why you should take this particular management course.
These are as follows:
A strategic management course is a great refresher of knowledge you've acquired during undergraduate studies as well as on-the-job. It helps you ensure you're up to date on the latest business growth strategies as well as on the newest tools for strategic planning models. This is not about repeating knowledge.
For example, a strategic management course for new general managers should build cross-functional skills and focus on how to implement corporate strategy across functions. That's because functions are not isolated from one another, and general managers need to know how all business functions work together. In contrast, a strategic management course for more senior managers will probably focus on international business management and developing new business opportunities.
A good strategic management course offers strategy management training enhanced with leadership training. Effective leadership skills are an invaluable asset to all aspects of your career and an absolute must for effective implementation and execution of any corporate strategy.
A strategic management course will give you an opportunity to step back and observe your own leadership style and effectiveness. Leadership exercises and executive leadership coaching help you gain new perspectives and get the "feel" for your leadership skills in a safe and supportive environment.
You'll gain the added advantage of great networking opportunities when you target top international business schools for your strategic management course. You'll meet people with similar ambitions coming from a variety of functions, industries and geographies that are also keen to learn more about business strategies. Learning about the experiences of other executives enhances your understanding of the overall business environment.
In addition, in engaging with other participants in business management courses, you will also grow in terms of perspective and flexibility. You may well find creative ways to "import" strategies others use to your own industry. Your classmates can become a lifelong international network.
Finally, taking a strategic management course is as valuable for your company as much as it is valuable for you as an employee. You gain knowledge and deep understanding on how to create a business strategy efficiently.
Top businesses invest in staff development and expect return on investment. Business management courses offer you the chance to show them that their confidence is well-placed. Some business courses include projects that apply directly to your job.
And of course, a business management course from one of the best business schools in the world is a great addition to your CV too. Potential new employers are also looking for those who strive to offer greater business impact by continually improving through executive programs such as a strategic management course.
Find how IMD's Advanced Management Program will develop your skills!