Formulating a Winning Strategy
Duration10'
No. of mini-lessons4
ResourcesTakeaway Tasks
Duration 10'
No. of mini-lessons 4
Resources Takeaway Tasks
Course overview
Crossing your fingers and hoping for the best just doesn’t cut it in business. Every company thrives on a good plan, and simply writing one out isn’t enough. You need to be able to design a strategy that’s foolproof, actionable, and positions your business a step ahead of the others.
Knowing the finer details of your industry and what your competition is up to will help you and your managers create a winning strategy. For this, you’ll find that analytical tools come in handy. Using them well will help you understand where the business is in its journey to success, where it should be heading, and any factors that might impact performance.
What's covered
How to evaluate the state of competition within your industry using the SWOT analysis framework
Applying Porter’s Five Forces analysis to determine the position of your business in the context of your industry’s competition
Conducting a PESTEL analysis to analyze the environmental factors that impact the business’s performance
Why your teams need this course
If you’re a leader who wants to forge a path that’s not only clear, but less traveled by competitors, this is the course for you. Having the right tools can make a big difference. This course gives you those tools to better understand the market you work in. You’ll learn how to use a SWOT analysis, Porter's Five Forces analysis, and a PESTEL analysis.
Accredited by CPD
TalentLibrary is recognized as reaching the standards and benchmarks required by the Continuing Professional Development (CPD) Certification Service.
The CPD Certification Service is the world’s leading and largest independent accreditation organization for professional development courses across all industry sectors.
