MCD 3: Strategy at the Board Level

MCD 3: Strategy at the Board Level
As the adage goes, failing to plan is planning to fail. It is therefore essential for a company to have a solid strategy for success.


A global survey revealed that a mere 34 per cent of 772 directors understood their companies’ strategies. This may seem alarming as boards generally spend most of their time on compliance matters rather than strategy.

Notwithstanding this, the board is ultimately responsible for the company’s long term success. In fact, Section 157A of the Singapore’s Companies Act states that “the business of the company shall be managed by or under the direction of the directors”. Clearly, boards must play a key role in the setting of the strategic direction of the company and oversighting its implementation.

The essence of strategy is a structured process for deciding the handful of key decisions that the organisation must get right in order to competitively thrive over a given period of time. Get it right and the organization is strengthened towards better long term performance

This course is an interactive workshop to deepen directors’ understanding of business strategy, its processes, and the role of the board vis-à-vis management in strategy development and execution. The session, facilitated by experts in the field, centres on discussions, including the sharing of perspectives and experiences.

Course Objectives

  1. To deepen participants’ understanding of business strategy and its processes.
  2. To provide an understanding of the board’s role in strategy formulation.
  3. To educate participants on assessing and managing strategy execution.

Course Outline

  1. Definition of strategy.
  2. Role of strategy in driving organisational performance.
  3. Turning strategy into practical proposals for change.
  4. The board and senior management collaborative approach in developing and implementing strategy.
  5. The board’s responsibility in strategy formulation.
  6. The board’s role in assessing strategy execution.

CPD Hours : 8

SID Member:   S$720.00 (excl. GST) 
  S$770.40 (incl. GST) 
   
Non-SID Member:   S$990.00 (excl. GST)
  S$1,059.30 (incl. GST) 



Terms and Conditions for SID Courses/Events

When
5/25/2018 9:00 AM - 5/25/2018 5:30 PM
Where
M Hotel 81 Anson Rd, Singapore 079908
FieldSet
 

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