Looking At Your Business From a General's Point of View
Strategy capability of an organization consists of three sub components – strategic absorptive capacity, strategic thinking skills, and strategy process. Similarly, as an individual, to be an excellent strategist, you need to master strategic absorptive capacity and strategic thinking skills. This program will help you consolidate your knowledge in strategic absorptive capacity, help you build strategic thinking skills, and give you a taste of strategy process.
Absorptive capacity is the base knowledge that allows you to understand a field and interpret developments in that field. Introduction to strategy concepts will allow you to build a base level of strategic absorptive capacity. It will enable you to become aware of concepts such as industry structure, competitive moves, market structures and so on. This is the base knowledge that helps you build the strategic absorptive capacity. But to become a great strategist you need a few more skills.
The mind of a strategist views the world in a different way than a mind of a lay person. When a lay person looks at the world he sees an overwhelming clutter of information but a strategist sees critical patterns, opportunities and challenges. How does a strategic mind eliminate the clutter and see the big issues and how to solve them? The answer is strategic thinking. When the same strategic thinking is applied with the base of strategic absorptive capacity, one is able to identify and solve big business problems.
By the end of this module, you will be able to:
Dr. Ankush Chopra has taught MBA students and business managers over 3000 times across America, Europe, and Asia. He is a highly rated professor of management.
He has coached and mentored aspiring and accomplished business leaders in companies from fortune 500 to mid and small-sized companies.
He is the author of The Dark Side of Innovation and A Sixty minute Guide to Innovation.
Chopra received an MBA from Indian Institute of Management (Bangalore) and a Ph.D. in Management from Duke University.