INTRODUCTION TO THE STRATEGIC ROLE OF THE DIRECTOR

What is Strategy? This half day Directors Essentials course will help provide a more effective interface between the board and management with respect to setting the strategic direction of an organisation.

Strategy is at times not well understood and often addressed just once a year. Decisions are commonly made without a clear understanding of the strategic implications to an organisation. What are the risks? Is this decision aligned with our mission and values? Value creation may not always be about the bottom line.

Introduction to the Strategic Role of the Director is designed to establish a core understanding of what strategy is, what is the most effective interface with management and how it is created and monitored.

Benefits
At the end of the program participants will be able to:

• Understand the linkage of strategy to financial health/wealth creation
• Identify a director's role in formulating and monitoring strategy
• Understand key strategic planning frameworks
• Contribute to an analysis of strategic risk

Program

• Strategic Value Creation
  What is Strategy?
  Why do Company's develop strategies?
  Strategic planning checklist
  Why do strategies fail?

• Case Study

• The Director's Role in Strategy
  Strategy formulation and approval
  Monitoring execution and mitigating failure

Mode of Study
Flexible workshops.

Recommended Reading
Strategy Maps

To find out more please contact your AICD state office.