why enterprise management and strategy course.

Our course will boost your business and management skills and enable you to identify and respond to new business opportunities. You will gain the knowhow to set up your own firm and help it grow strategically, with the option to devise your own business plan as part of your final research project.

Full Answer

What will I learn in a business strategy course?

In this course, developed at the Darden School of Business at the University of Virginia, you'll learn the tools to analyze strategy across time (competitive dynamics), industries (corporate strategy), geographies (international strategy), and institutions (non-market strategy).

Is your enterprise management course CMI accredited?

Our Enterprise Management master's course is dual accredited by the Chartered Management Institute (CMI), a recognised professional management body, meaning you will be eligible for a Level 7 Diploma in Strategic Management and Leadership from the CMI when you graduate (subject to payment of an additional fee).

Why is training important for enterprise software companies?

However, for enterprise software companies, it is equally important to build knowledge and leading practices within a company’s ecosystem of partners, customers, and user communities through a robust training program.

What is a competitive advantage for an enterprise software company?

For an enterprise software company, training employees, partners, and customers has become a competitive advantage in the success of its market presence and its long term growth and viability.

Why strategic management course is important?

A strategic management course is a great refresher of knowledge you've acquired during undergraduate studies as well as on-the-job. It helps you ensure you're up to date on the latest business growth strategies as well as on the newest tools for strategic planning models. This is not about repeating knowledge.

What have you learned about strategic management?

Strategic management is one of the most important "hard skills" in business management. In Strategic Management, you'll learn how you can manage businesses and projects proactively with a focus on long-term strategy, rather than reacting to day-to-day hiccups.

What are the benefits of strategy management?

The Advantages of Strategic ManagementDischarges Board Responsibility. ... Forces An Objective Assessment. ... Provides a Framework For Decision-Making. ... Supports Understanding & Buy-In. ... Enables Measurement of Progress. ... Provides an Organizational Perspective. ... The Future Doesn't Unfold As Anticipated. ... It Can Be Expensive.More items...•

What is enterprise strategic management?

Enterprise strategic management is generally divided into analysis of the external environment of the enterprise and analysis of the internal conditions of the enterprise. 3.2 Corporate Strategy Choice. Strategic selection can be called a strategic decision- making process for enterprises, which is a dynamic process.

Why is strategy important in business?

Strategy help us define our business, gives it a set of values, and gives it purpose. It helps us understand what success actually looks like. It provides a roadmap for our business, shows us our destination and identifies useful stopping points along the way.

What is strategic management course?

The Strategic Management course is designed to explore an organisation's vision, mission, examine principles, techniques and models of organisational and environmental analysis, discuss the theory and practice of strategy formulation and implementation such as corporate governance and business ethics for the ...

What is the primary focus of strategic management?

The primary focus of strategic management is: strategy implementation.

Why is training important for software?

A well-developed training program is vital for a successful customer and partner ecosystem. Every enterprise software firm should evaluate its training-specific needs and then follow the aforementioned process: Plan, Analyze, Design, Build, Test, and Implement. Engaging your partners, customers, and users through a comprehensive training program will build knowledge and leading practices, and position your organization as an industry leader. Demonstrated benefits of a successful and comprehensive training program approach and strategy are increased user adoption of your software platform, partner-created technology practice areas, and an additional revenue stream to augment software and platform license sales.

What is the final phase of training program development?

The final phase in training program development is Implement/Rollout. At this point, the training team will have fully developed training courses, tested the courses with independent testers, and incorporated feedback into the training program for program improvement. After this has been completed, the training program is ready to be presented to key stakeholders and practice leaders. The training team should present a brief overview of the program development process, including requirements and objectives, testing feedback received, and any improvements made based on the pilot program. The stakeholders and executive team may provide additional comments on the training program, and these comments should be incorporated before the program is rolled out to partners and customers.

How to create a training plan?

The first step in creating a training plan is to identify program stakeholders and leaders. For a partner and customer training program, there will be a wide range of stakeholders. It is important to identify who is responsible for, who is accountable for, and who will contribute to the training program, and how each stakeholder defines program success. Traditional stakeholders include the enterprise software company’s executive team, training program sponsors, and training program leadership and administrators. Training facilitators and subject matter experts will also be called upon to provide input in developing the training program. Additionally, stakeholders will include the clients and partners who will actually participate in the training program.

Why do companies partner with system integrators?

Partnering with system integrators allows an enterprise software firm to increase capacity but minimize the financial risks associated with project resource requirements. There is a close collaborative relationship that can be created as the system integrators are continually developing new technology services and solutions for existing and new clients. It is vital for an enterprise software company to build a robust partner network to satisfy customer staff requirements and to augment internal teams, while opening new sales and distribution channels in the process. Engaging with partners – as staff augmentation or as third party system integrators – will serve to enhance a growing user base of a company’s software platform.

What is a training roadmap?

From these goals and objectives, a training roadmap can be developed that will guide your organization to the end state desired. A well-developed training roadmap enables an enterprise software company to clearly understand what actions should be taken and when, in order to achieve success.

What is the first step in the analysis phase?

The first step in the analysis phase is to gather requirements for the training process and certification. This includes requirements for trainee engagement, the enrollment process, certification tests required, experience required, job shadowing, and course feedback.

How much does a company spend on training employees?

Globally, companies spend more than $100 billion a year to train employees – firms increasingly understand the importance of managing and cultivating the best talent and of ensuring that employees are continually building new skills to match the changing needs of the industry and the roles within the company.

Summary

Enterprise Risk Management (ERM) is essential for public and private companies to approach risk management with confidence. An effective risk management method, if integrated properly, can result in substantial cost savings for the company.

Type of Risks

In 2004, the JLA research team analyzed 76 S&P 500 companies on their risk types, where there was a 30% or higher decline in market value Market Capitalization Market Capitalization (Market Cap) is the most recent market value of a company’s outstanding shares.

Risk Response Strategies for Enterprise Risk Management

Management selects one of the five appropriate risk response strategies below to deal with their identified risks:

Core Elements of an Enterprise Risk Management Process

ERM follows a very distinct and ongoing process, where it actively identifies and reassesses the various strategic and major risks to ensure financial security for businesses. The process includes five specific elements:

Example of an Enterprise Risk Management Process

Strategy/Objective setting: Consider Tesla, a publicly-traded company operating in two primary segments – automotive and energy generation. In this example, ERM will begin by considering what drives the company’s value during the strategy/objective setting.

Additional Resources

CFI offers the Capital Markets & Securities Analyst (CMSA)® Program Page - CMSA Enroll in CFI's CMSA® program and become a certified Capital Markets &Securities Analyst. Advance your career with our certification programs and courses. certification program for those looking to take their careers to the next level.

What are the benefits of enterprise project management?

The biggest merit of bringing EPM to a company is that it can significantly improve current project management practices to better align with the company’s strategic objectives. Here’s a breakdown of how EPM can help you and your team.

What does an enterprise project manager need to do?

What the role requires: Enterprise project managers need to be attentive to detail, be able to balance the dependencies of different projects, and have a deep understanding of the company and the industry. The job may require specialized training for additional technical skills.

Why is it important to move to EPM?

Moving to EPM is a big move for a company since it might involve some restructuring , but it’ll improve project management across the board in the long run. When defining new project management processes, take advantage of EPM tools like project management software for more convenient project planning and reporting.

What is EPM in project management?

It requires developing standard processes to streamline project management across the company. The purpose of EPM is to link the company’s goals and objectives with ongoing projects to ensure the company is directing its resources to the right places at the right time. It also means managing the interdependent elements between projects ...

What is enterprise management?

In today’s increasingly competitive business environment, there is high demand for creativity, innovation and uniqueness, as well as a growing demand for firms to be enterprising. Our Enterprise Management postgraduate course has been developed in partnership with industry professionals to give you the business knowledge and experience you need to advance in management positions in the enterprise service sector.

What is the emphasis of an international entrepreneur?

Emphasis is placed on critiquing a range of opportunities and challenges an international entrepreneur needs to consider and prepare for relating to such areas as: culture; foreign exchange; entry strategies; marketing and implementation. Personal Leadership Development.

What is business creation and development?

Business Creation and Development engages students in the more practical elements of enterprise activity, not just in terms of creating new businesses , but also in terms of entrepreneurship within the corporate environment and business growth . The module content will explore the key principles of the start-up and growth of a business, including entrepreneurship, business creativity, business growth, business planning, strategy formulation and business improvement.

What are the best ways to increase enterprise value?

Here are some potential options to focus on: management team, cleaning up financial statements, competitive advantage, internal processes, revenue certainty, and of course strategic planning.

What is strategic plan?

A strategic plan can identify and prioritize what increases profitability and enterprise value at the same time, so your business is focused on generating value for current and prospective shareholders.

How to increase enterprise value before sale?

There are many ways to increase enterprise value before the sale, strategic planning should be one of your first considerations. A good plan that follows these must-haves has a good likelihood of succeeding by changing the trajectory of your business and increasing the sale price. Advertisement. Advertisement.

Why do stakeholders understand context?

Stakeholders understand context – especially if there is a major shift or a new strategy, because they were at the table and were part of the enabling discussion. When stakeholders understand the context and foundational elements of the plan they are able to execute the plan right away.

Why is buy in important in a plan?

Buy-in to the plan will be stronger. When stakeholders have had the chance to give input , they are more likely to take ownership and accept the direction the plan will take the company. As a result, managers should be willing to make sure the plan is actioned.

Can a company have a successful plan?

A company cannot have a successful plan if it bases strategies on what it already knows and has always done. Let me explain this important point: Presumably, even without a written plan, your managers are currently making decisions that they believe to be right, based on what they and the organization believe it knows.

Is external analysis a major undertaking?

External analysis is usually a heavier lift, as this may require gathering data from clients or end users. It's a major undertaking but I have always seen this pay off in the form of a better, more informed planning team and resulting plan. Read: Key Concepts for Successful Deals.

What is a Coursera specialization?

A Coursera Specialization is a series of courses that helps you master a skill. To begin, enroll in the Specialization directly, or review its courses and choose the one you'd like to start with. When you subscribe to a course that is part of a Specialization, you’re automatically subscribed to the full Specialization.

What is the Darden School of Business?

Get the tools you need to analyze, evaluate and recommend specific actions organizations can take to grow their value and avoid common growth pitfalls. In this course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, you will learn to determine how best to build value, whether by scaling existing markets, entering established markets or creating new markets through innovation and acquisitions.