Strategic Business Planning: Formulate Effective Strategies

About Strategic Business Planning: Formulate Effective Strategies

Welcome!

Strategic Planning is the way in which businesses

answer the BIG QUESTIONS

and

choose optimal business strategies

. For example, strategic planning allows business to decide between researching new products or improving existing products. It can help businesses decide whether to focus on expanding online sales or opening more physical stores. This is a three-stage course that is designed to mirror the three stages of strategy formulation. Strategic planning is an essential component of any business education, and it is a capstone course in many graduate and undergraduate business programs. As such, this course assumes that you have prior business experience and is NOT intended to be a student's first business class. Topics Covered:

Internal Factor Evaluation Matrix (IFE)

External Factor Evaluation Matrix (EFE)

Porter's Generic Strategies

Five Forces Analysis

Grand Strategy Matrix

Strategic Planning and Action Capabilities Evaluation Matrix (SPACE)

Boston Consulting Group Matrix

Internal-External Matrix

Strengths Weaknesses Opportunities and Threats Matrix (SWOT)

Quantitative Strategies Planning Matrix

Research project flowchart Additional Benefits

10 Free Strategy Templates

that you can use as part of your own research.

Full lifetime access to 2 hours of video content

30 Day Money Back Guarantee About the Instructor Robert Reed is a current Masters of Business Administration candidate and veteran with four years of service in the 82nd Airborne Division of the United States Army. He holds a B.A. in Economics and has served as a student tutor for three years.

Although certain business topics and references are discussed in this course, this is for illustrative purposes only. This course does not offer any kind of financial, business, or investment advice.