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Michael Lenox,
Jared Harris,
and
Scott Snell
Avoid the pitfalls of strategy planning and execution with the tools and skills from this course. In this course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, you'll learn the pillars of strategy execution--analysis, formulation, and implementation--and how to use the 4A model to effectively approach strategy execution. Finally, a panel of leaders from entrepreneurs, nonprofits, and industry, share their expertise gleaned from years of successful strategy planning and execution.
Register for this course and see more details by visiting:
OpenCourser.com/course/yra74m/strategic
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What's inside
Syllabus
Strategy Analysis
This week, you'll connect strategic analysis to strategy execution. You'll walk through a series of questions to frame your analysis and ground your approach using the strategist's toolkit--and you'll learn a new tool, Hypothesis Testing, to unearth key assumptions related to choosing a strategy and assessing the validity of those assumptions. You'll also review data sources and how to "make the data speak" to guide your strategy decisions.
Read more
Syllabus
Strategy Analysis
This week, you'll connect strategic analysis to strategy execution. You'll walk through a series of questions to frame your analysis and ground your approach using the strategist's toolkit--and you'll learn a new tool, Hypothesis Testing, to unearth key assumptions related to choosing a strategy and assessing the validity of those assumptions. You'll also review data sources and how to "make the data speak" to guide your strategy decisions.
Read more
Strategy Formulation
This week you'll learn about how strategy gets set and implemented in organizations. You'll discuss factors key to effective strategy formulation--and common challenges and pitfalls of strategy execution. You'll explore four different approaches to strategy formulation and how governance ties into effective strategy formulation.
Strategy Implementation
We welcome Professor Scott Snell to the course this week! He's a global specialist in strategy execution, and he shares his 4A Model for effective strategy execution: alignment, ability, agility, and architecture. This framework will help you ensure the human and organizational resources are in place to effectively execute your strategy.
Practical Perspectives
This week we welcome guest speakers from a range of industries, from startups to nonprofits, to share their expertise from years of successful strategy development and execution. They'll communicate their best tips to help you develop your strategist's toolkit. We're also fortunate to be joined by Darden's Dean Scott Beardsley, whose 26 years with McKinsey informs the concrete tips he shares to improve strategy development and execution.
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Taught by Michael Lenox, Jared Harris, and Scott Snell, who are highly regarded for their expertise in management and strategy
Teaches the pillars of effective strategy execution, a fundamental concept in management practice
Utilizes the 4A Model for effective strategy execution, which provides a robust framework for learners to implement strategies
Suitable for professionals seeking to enhance their strategic planning and execution skills
Emphasizes the importance of data-driven decision-making in strategy analysis
Provides practical perspectives from industry experts, offering valuable insights into real-world strategy development and execution
Save this course
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Reviews summary
Strategic planning and execution: widely praised course
Learners say that Strategic Planning and Execution is an engaging course that provides a comprehensive overview of strategic planning and execution. The course is well-structured and the professors are knowledgeable and experienced. Learners particularly appreciate the guest speakers who share their real-world experiences. The course materials are well-organized and the assignments are helpful in reinforcing the concepts learned. Overall, learners highly recommend this course for anyone who wants to learn more about strategic planning and execution.
Learners find the assignments to be helpful in reinforcing the concepts learned.
"The way the professors / speakers narrated and explained each of the subjects is really very good and easy to learn / understand."
"This course helped me to learn strategic analysis and thinking of new business opportunities, market values, different approaches to succeed in the business."
"Good class. Practical teaching about planning and execution is near impossible, and the professors do a good job of getting close to the line and teaching useful frameworks for understanding how to create conditions to improve the probability of successful execution."
"The skills have learned in this course is to become a strategic decision maker."
Learners highly value the guest speakers who share their real-world experiences.
"Excellent explanation provided, lot of examples, learned about various company professionals ideas and their strategy how they are executed in their fields. "
"Amazing to see all the sharings from different successful people starting from all those CEOs, chairman, CFO, dean. All great to listen and understand more of real life experiences"
"The Week 4 module with industry stalwarts speaking on Strategy implementation , was very interesting ."
"it is a well structured and conducted course. it has the logical connections with the sections studied previously. The last part of the course where the guest speakers were invited to share their real experiences adds a good benefit to the course in general."
There are 103 5-star reviews, indicating that most learners found the course to be excellent.
"Excellent course. Absolutely loved the practical applications of this"
"One of the most practical courses I have attended , It is explained in a very clear way with very interesting examples."
"I have gained so much knowledge and the course has made me look forward to my next course on Coursera."
"This course was excellent. It is a great course for individuals desirpous to learn strategy analysis, strategy formulation and strategy implementation."
Some learners found the final project to be too vague and lacking in guidance.
"This was an excellent course from a content standpoint. I loved the lectures and hearing from all of the different experts in the field. It really has helped me to think more strategically. The one drawback to the class was the final project. There was very little guidance as to the scope of what we should do. Some students did 3 pages. Some did 25 pages. I would have liked to see an example assignment of what is expected. "
"The one drawback to the class was the final project. There was very little guidance as to the scope of what we should do."
Some learners found the pace of the course to be too fast.
"Its a really good course. A few of the lecturers where a tad bit fast though but overall, i'd say its good."
"This was an excellent course from a content standpoint. I loved the lectures and hearing from all of the different experts in the field. It really has helped me to think more strategically. The one drawback to the class was the final project. There was very little guidance as to the scope of what we should do."
"Hi. I enjoyed the course. It helps having 3 professors teaching the course. Also, I liked the questions that popped in the videos. The information included about the course mentioned 3 to 5 hours weekly. It takes more time."
Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Strategic Planning and Execution with these
activities:
Review strategy frameworks
Show steps
Review core frameworks and concepts in strategy to strengthen your understanding before starting the course.
Browse courses on
Strategy Analysis
Show steps
-
Read key articles and textbooks on strategy frameworks
-
Attend a workshop or webinar on strategy frameworks
Create a resource folder
Show steps
Gather relevant materials such as lecture notes, assignments, and readings to prepare for the course.
Show steps
-
Create a folder on your computer or cloud storage
-
Save all course materials in this folder
Join a study group
Show steps
Connect with fellow learners to discuss course material, share insights, and enhance your understanding through collaborative learning.
Show steps
-
Find study partners in your class
-
Set up regular study sessions
-
Review lecture notes and assignments together
Four other activities
Expand to see all activities and additional details
Show all seven activities
Practice using the 4A Model
Show steps
Engage with online tutorials or simulations to gain practical experience in applying the 4A Model for strategy execution.
Browse courses on
Strategy Implementation
Show steps
-
Find online tutorials or simulations on the 4A Model
-
Complete the tutorials or simulations
Solve strategy case studies
Show steps
Test your understanding by working through real-world strategy case studies to develop your problem-solving skills.
Browse courses on
Strategy Analysis
Show steps
-
Find strategy case studies online or in textbooks
-
Read the case study and identify the key issues
-
Develop a strategy to address the issues
-
Evaluate the feasibility and effectiveness of your strategy
Develop a strategy plan
Show steps
Apply the concepts learned in the course to create a comprehensive strategy plan for a real-world organization or a hypothetical scenario.
Browse courses on
Strategy Formulation
Show steps
-
Identify an organization or scenario for your strategy plan
-
Conduct a situation analysis to assess the organization's current position and challenges
-
Develop a strategic vision and mission for the organization
-
Formulate a set of strategic objectives and initiatives
-
Create an implementation plan to execute the strategy
Participate in a strategy competition
Show steps
Engage in a strategy competition to challenge yourself, receive feedback from experts, and showcase your skills.
Browse courses on
Strategy Analysis
Show steps
-
Find a strategy competition that aligns with your interests
-
Form a team or participate individually
-
Develop a strategy and present your solution
Review strategy frameworks
Show steps
Review core frameworks and concepts in strategy to strengthen your understanding before starting the course.
Browse courses on
Strategy Analysis
Show steps
Show steps
Show steps
- Read key articles and textbooks on strategy frameworks
- Attend a workshop or webinar on strategy frameworks
Create a resource folder
Show steps
Gather relevant materials such as lecture notes, assignments, and readings to prepare for the course.
Show steps
Show steps
Show steps
- Create a folder on your computer or cloud storage
- Save all course materials in this folder
Join a study group
Show steps
Connect with fellow learners to discuss course material, share insights, and enhance your understanding through collaborative learning.
Show steps
Show steps
Show steps
- Find study partners in your class
- Set up regular study sessions
- Review lecture notes and assignments together
Four other activities
Expand to see all activities and additional details
Show all seven activities
Practice using the 4A Model
Show steps
Engage with online tutorials or simulations to gain practical experience in applying the 4A Model for strategy execution.
Browse courses on
Strategy Implementation
Show steps
Show steps
Show steps
- Find online tutorials or simulations on the 4A Model
- Complete the tutorials or simulations
Solve strategy case studies
Show steps
Test your understanding by working through real-world strategy case studies to develop your problem-solving skills.
Browse courses on
Strategy Analysis
Show steps
Show steps
Show steps
- Find strategy case studies online or in textbooks
- Read the case study and identify the key issues
- Develop a strategy to address the issues
- Evaluate the feasibility and effectiveness of your strategy
Develop a strategy plan
Show steps
Apply the concepts learned in the course to create a comprehensive strategy plan for a real-world organization or a hypothetical scenario.
Browse courses on
Strategy Formulation
Show steps
Show steps
Show steps
- Identify an organization or scenario for your strategy plan
- Conduct a situation analysis to assess the organization's current position and challenges
- Develop a strategic vision and mission for the organization
- Formulate a set of strategic objectives and initiatives
- Create an implementation plan to execute the strategy
Participate in a strategy competition
Show steps
Engage in a strategy competition to challenge yourself, receive feedback from experts, and showcase your skills.
Browse courses on
Strategy Analysis
Show steps
Show steps
Show steps
- Find a strategy competition that aligns with your interests
- Form a team or participate individually
- Develop a strategy and present your solution
Career center
Learners who complete Strategic Planning and Execution will develop knowledge and skills
that may be useful to these careers:
Strategy Consultant
Strategy Consultant
Strategy Consultants analyze business models, devise strategies, and help organizations improve their performance. The Strategic Planning and Execution course provides a strong foundation for this role by teaching you the pillars of strategy execution, including analysis, formulation, and implementation. The 4A model introduced in the course can help you effectively approach strategy execution, ensuring that the human and organizational resources are in place to execute your strategy successfully.
Business Analyst
Business Analyst
Business Analysts work with stakeholders to understand their business needs and develop solutions to improve processes and systems. The Strategic Planning and Execution course can help you succeed in this role by providing you with the skills to analyze business data, identify opportunities for improvement, and develop and implement effective strategies.
Product Manager
Product Manager
Product Managers are responsible for the development and execution of product strategies. The Strategic Planning and Execution course provides valuable insights into the process of strategy formulation and implementation, which can help you succeed in this role. You will learn how to analyze market data, identify customer needs, and develop and execute product strategies that align with the overall business goals.
Marketing Manager
Marketing Manager
Marketing Managers develop and execute marketing strategies to promote products and services. The Strategic Planning and Execution course can help you succeed in this role by providing you with the skills to analyze market data, identify target audiences, and develop and implement effective marketing campaigns.
Operations Manager
Operations Manager
Operations Managers are responsible for the planning, coordination, and execution of operational activities. The Strategic Planning and Execution course can help you succeed in this role by providing you with the skills to analyze business processes, identify areas for improvement, and develop and implement effective operational strategies.
Financial Analyst
Financial Analyst
Financial Analysts analyze financial data to make recommendations on investments and financial decisions. The Strategic Planning and Execution course can help you succeed in this role by providing you with the skills to analyze financial data, identify trends, and develop and implement financial strategies.
Management Consultant
Management Consultant
Management Consultants help organizations improve their performance by providing advice on strategy, operations, and technology. The Strategic Planning and Execution course can help you succeed in this role by providing you with the skills to analyze business data, identify opportunities for improvement, and develop and implement effective strategies.
Entrepreneur
Entrepreneur
Entrepreneurs start and operate their own businesses. The Strategic Planning and Execution course can help you succeed in this role by providing you with the skills to develop and execute business plans, attract investors, and manage your business effectively.
Nonprofit Manager
Nonprofit Manager
Nonprofit Managers plan and execute the programs and services of nonprofit organizations. The Strategic Planning and Execution course can help you succeed in this role by providing you with the skills to develop and execute strategic plans, manage budgets, and build relationships with donors and other stakeholders.
Program Manager
Program Manager
Program Managers plan and execute programs and projects within organizations. The Strategic Planning and Execution course can help you succeed in this role by providing you with the skills to develop and execute program plans, manage budgets, and track progress.
Project Manager
Project Manager
Project Managers plan and execute projects within organizations. The Strategic Planning and Execution course can help you succeed in this role by providing you with the skills to develop and execute project plans, manage budgets, and track progress.
Data Analyst
Data Analyst
Data Analysts collect, analyze, and interpret data to help organizations make informed decisions. The Strategic Planning and Execution course may be useful for this role by providing you with the skills to analyze data and identify trends.
Market Researcher
Market Researcher
Market Researchers collect and analyze data about markets and customers to help organizations make informed decisions. The Strategic Planning and Execution course may be useful for this role by providing you with the skills to analyze data and identify trends.
Sales Manager
Sales Manager
Sales Managers plan and execute sales strategies to achieve sales goals. The Strategic Planning and Execution course may be useful for this role by providing you with the skills to analyze market data, identify target audiences, and develop and implement effective sales strategies.
Account Manager
Account Manager
Account Managers manage relationships with clients to ensure their satisfaction and retention. The Strategic Planning and Execution course may be useful for this role by providing you with the skills to analyze client needs, develop and implement account plans, and manage client relationships.
For more career information including salaries, visit:
OpenCourser.com/course/yra74m/strategic
Reading list
We've selected 23 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Strategic Planning and Execution.
Provides a comprehensive framework for creating and sustaining successful growth. It valuable resource for students and practitioners who want to learn how to build a successful business over the long term.
This classic book on innovation and disruption provides insights into the challenges of executing new strategies in established organizations. It discusses the importance of understanding customer needs, managing organizational inertia, and embracing disruptive technologies.
Provides a candid look at the challenges of building a successful business. It valuable resource for students and practitioners who want to learn how to overcome the challenges of entrepreneurship.
Provides a classic framework for marketing and selling technology products to mainstream customers. It valuable resource for students and practitioners who want to learn how to build a successful technology business.
Provides a unique perspective on how to build a successful startup. It valuable resource for students and practitioners who want to learn how to create a truly innovative business.
Save
This concise and practical book provides a framework for developing and executing effective strategies. It emphasizes the importance of clarity, focus, and alignment, and offers tools for assessing and improving strategic plans.
Save
Provides a practical guide to using lean principles to create and grow a successful business. It useful resource for students and practitioners who want to learn how to build a successful business with less waste and more efficiency.
Save
This classic book on political strategy provides valuable insights into the principles of power and influence. It valuable resource for students and practitioners who want to learn how to develop and execute effective strategies.
Save
Provides a practical guide to getting customers for your startup. It useful resource for students and practitioners who want to learn how to build a successful business.
Provides a cautionary tale about the challenges of building a successful startup. It valuable resource for students and practitioners who want to learn how to avoid the pitfalls of entrepreneurship.
Save
This hands-on guide from two former CEOs provides a structured approach to strategy execution. It covers topics such as setting priorities, managing resources, and overcoming obstacles.
This classic book on military strategy provides valuable insights into the principles of strategy and execution. It valuable resource for students and practitioners who want to learn how to develop and execute effective strategies.
Save
Practical guide to strategy execution for leaders.
This popular book provides a methodology for testing and validating business ideas quickly and cheaply. It emphasizes the importance of learning from failure and iterating rapidly.
Shows how organizations can use data and analytics to improve decision-making, gain competitive advantage, and execute strategies more effectively.
Presents a framework for aligning strategy with operations to improve execution and achieve superior performance.
This engaging book explores the key principles of strategic thinking and provides practical advice for developing and executing winning strategies.
Save
Provides a framework for thinking about startups and how to build the future.
Save
This unconventional book challenges traditional approaches to strategy and provides a unique perspective on how strategies are developed and executed in the real world.
Save
Provides a framework for understanding how habits work and how to change them.
Save
This influential book presents a framework for creating new markets and achieving sustained competitive advantage.
Save
Provides a framework for continuous improvement.
Provides a framework for understanding and implementing the Toyota Production System.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/yra74m/strategic
Share
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Effort
4 weeks of study, 2-5 hours/week
Via
Coursera
Institution
University of Virginia
Instructors
Michael Lenox
Jared Harris
Scott Snell
Language
English
Transcripts
Español
Français
Português
Deutsch
Italiano
中文
العربية
한국어
日本語
हिंदी
Nederlands
Svenska
Pусский
Türkçe
Polski
Ελληνικά
українська мова
magyar nyelv
Bahasa Indonesia
ไทย
қазақша
اُردُو,
فارسی
বাংলা
tiếng Việt
پښتو
آذربایجان دیلی
Türkmençe
This course belongs to a
collection
called
Business Strategy. It's comprised of five courses:
- Foundations of Business Strategy
- Business Growth Strategy
- Strategic Planning and Execution (viewing)
- Business Strategy in Practice (Project-centered Course)
- Advanced Business Strategy
Good to know
Taught by Michael Lenox, Jared Harris, and Scott Snell, who are highly regarded for their expertise in management and strategy
Teaches the pillars of effective strategy execution, a fundamental concept in management practice
Utilizes the 4A Model for effective strategy execution, which provides a robust framework for learners to implement strategies
Suitable for professionals seeking to enhance their strategic planning and execution skills
Emphasizes the importance of data-driven decision-making in strategy analysis
Provides practical perspectives from industry experts, offering valuable insights into real-world strategy development and execution
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