Strategic Planning and Implementation in Banking

Introduction:

Banking institutions require effective strategic leadership for their continued success. A clear strategic vision helps in setting the stage for future initiatives and guiding the overall direction of an organization. To translate this vision into actionable strategies, however, it must serve as a comprehensive roadmap that allows decision-makers at all levels to orientate their choices with broader goals of the bank.

Strategic planning and implementation course for banking industry development is designed with an aim of equipping leaders and professionals on how to effectively design, develop and manage a sustainable strategy change process. The course is designed to create elementary strategies and plans.

The training will therefore be aimed at deeply embedding these strategies within the organization using approaches that ensure workforce alignment, active participation in overcoming challenges and successful realization of new strategic initiatives.

Objectives:

• By completion of this strategic planning & implementation course in the banking industry, participants should be able to:
• Develop three strategic agendas for leaders Intellectual, Managerial, Behavioral.
• Improve their capacity for thinking strategically in relation to the future of banking.
• Foster a culture of strategy throughout the organization.
• Balance Operational Excellence with Breakthrough Strategy Performance in banking
• Identify key strategic issues as well as opportunities from which such financial organizations can benefit from.
• Prioritize these issues so as to drive real value creation.
• Lead teams through dynamic and complex environments typical of banks.
• Encourage innovative thinking about what might work best for banks themselves;
• Direct your organization towards a strong strategic objective
• Change the organizational climate to support new strategic initiatives;
• Address ongoing organizational challenges with innovative strategies.

Training Methodology: 

• Interactive lectures
• Case study analysis
• Group discussions and workshops
• Real world simulations
• Strategic planning exercises
• Peer learning & collaboration
• Continuous assessment & feedback
• Expert facilitation & guidance
• Reflective practice sessions

Course Outline:

Unit 1: Understanding the Strategic Environment

• Decode the strategic leadership agenda – intellectual, managerial and behavioral aspects.
• Read the forces in the environment of banking strategy.
• Take note of strategic inflection points and scenarios in banking.
• Most important strategic issues peculiar to banking should be analyzed and prioritized.
• Crafting strategic vision that hangs together, expressing a sense of direction in banking.
• Building a strategic roadmap in the context of banking.

Unit 2: Understanding Strategic Models And Paradigms

• Find out what are common models and frameworks for thinking strategically about the banks (from Ansoff to Hamel via Porter and Mintzberg).
• Use 7S framework for identifying strategic horizons in banking.
• Rather than individual traits, build characteristics for agility embraced by banking on a regular basis.
• Recognize and enhance strategic competencies and skills among professionals within the bank sector.

Unit 3: Effective Strategic Implementation

• Tools And Frameworks For Strategic Implementation In The Banking Sector
• Create structures/systems to optimize organizational agility/performance from a competitive advantage perspective
• Ongoing monitoring/adjustment for such plans as they are implemented in banks
• whereas they run their operations effective knowledge analysis/managing still takes place within most banks

Unit 4: Strategic Leadership

• Prepare for future bankers
• Cultivate effective practices/styles for leaders that are aligned with strategy making;
• Recognize different leadership styles that would fit well into financial services industry;
• Ignite inspiration/motivation across similar sectors.
• Strategically communicating a roadmap and getting endorsement in banking establishments.

Unit 5: Driving Strategic Performance and Success:

• Change a bank to facilitate the attainment of strategic success.
• Balance concentration on performance with executing banking strategy.
• Disseminate leadership capabilities throughout the banking organization
• Increase organizational learning and sharing knowledge basing on solid foundation of strategic success in banking industry.