Course Overview:
This course presents key ideas, apparatuses, and standards of strategic administration that will permit administrators to make their associations’ novel economical upper hands utilizing separation, minimal effort, or center methodologies. The course likewise covers key ideas of mergers and acquisitions, flat and vertical incorporation, and re-appropriating.
The course offers supervisors knowledge into the ideas, apparatuses, and techniques of blue sea system. Members become familiar with the vital rationale behind making blue expanses of uncontested market space and increase understanding into how this idea supplements and goes past customary ways to deal with technique.
Who Can Enroll:
- Identify the differences between strategic alliances,
- Mergers and acquisitions,
- Outsourcing
Course Features:
- Material included in course fees.
- To achieve certification, participants shall achieve 80% in CHOOLS exams.
- Course could be customized for organization requirements including company LOGO.
Learning Outcome:
- Distinguish between low cost, differentiation, focus and best cost strategies
- Identify the differences between strategic alliances, mergers and acquisitions, and outsourcing
- Apply the basic concepts, tools, and frameworks of blue ocean strategy
- Recognize the knowledge of value innovation practices and methodologies of blue ocean strategy
- Relate to how blue ocean strategy is ‘put into action’
Why Choose Chools?
Access to:
• Top 100,000 Ebooks.
• 250,000 Management slides and presentations.
• 1 million excel templates.
• 60,000 business documents.
• 15,000 top books in abstract forms.
• 40,000 audio podcast.
• 550 audio library books.
• 50,000 video libraries.
• 1500 training courses.
• 2.6 million Journals and articles.
• 137 Lean Six Sigma toolkit.
• Leadership assessments.
• Quiz, Exam prep, Q&As, Case-studies.
Course Outline:
The five generic competitive strategies
- The three big strategic questions
- Strategy and the quest for competitive advantage
- Defining competitive strategy
- Low cost provider strategies
* Objectives and key to success
* Translating a low-cost advantage into higher profits
* Approaches to securing a cost advantage
* Keys to success in achieving low cost leadership
* When does a low-cost strategy work best?
* Pitfalls of low-cost strategies
Differentiation provider strategies
- Objectives and key to success
- Benefits of successful differentiation
- Sustaining differentiation
- When does a differentiation strategy work best?
- Pitfalls of differentiation strategies
Best cost provider strategies
- Objectives and key to success
- When does a best cost strategy work best?
- Risks of a best cost strategy
Focus low cost and focus differentiation strategies
- Objectives and key to success
- Approaches to defining a market niche
- When does a focus strategy work best?
- Risks of a focus strategy
Formulating blue ocean strategy
- Reconstructing market boundaries
- Focusing on the big picture, not the numbers
- Reaching beyond existing demand
Complementing the chosen competitive strategy
- Collaborative strategies: alliances and partnerships
- Merger and acquisition strategies
- Vertical integration strategies
- Outsourcing strategies
- Offensive versus defensive strategies
- Web site and social media strategies
Blue ocean strategy – the new market space
- Red ocean versus blue ocean strategies
- The impact of creating blue oceans
- Value innovation: the cornerstone of blue ocean strategy
- The six principles of blue ocean strategy
Analytical tools and frameworks
- The strategy canvases
- The ‘eliminate-reduce-raise-create’ actions framework
- Reading the value curves