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Planning and Managing Business Strategy: Culture and Leadership

Audience

Managers, prospective managers, and any other employees seeking advanced competency in the area of business strategy

Prerequisites

An understanding of the basic principles of business strategy

Course Aim

To provide an insight into the relationship between strategy implementation, corporate culture, and leadership

Learning Objectives

Explain how budgets are linked to strategy. Explain how to implement strategy-supportive procedures and policies. Define total quality management (TQM). Explain how reward systems can complement company strategy. Define corporate culture. Identify the link between a clear strategy and a strong corporate culture. Recognize the strategic importance of an ethical corporate culture. Explain how a spirit of high performance can be instilled into a culture. Appreciate how important it is for a leader to stay in control. Participate in a real-life case study involving leadership techniques at Wal-Mart.

Topics Covered

Strategy throughout the Organization - Budgets, policies, and procedures - Best practices and continuous improvement - Support systems - Strategy-supportive reward systems Strategy and Corporate Culture - Defining corporate culture - Types of corporate culture - Ethics, standards, and performance Exerting Strategic Leadership - Staying in charge - Enforcing ethical behavior Case Study: Wal-Mart - The rise of Wal-Mart - The Wal-Mart culture - DecisionPath: Choosing Strategy Techniques