• العربية
Strategy Under Uncertainty
Nov 21 - 22, 2017

How to enable opportunities

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Program Overview

This program has been designed to help top managers and their teams (TMTs) implement successful and profitable strategies that take into account the profound changes in the new economic fabric, complimenting the themes of Vision 2030 and the National Transformation Plan, which is embedding an entrepreneurship culture and more agile business models at its helm.  Specifically, this seminar provides actionable concepts and tools that TMTs can use to design, modify, adjust, and change their business and corporate strategies in spite of the internal and external uncertainties that are inherent to any process of change.

The program faculty is Dr. Pablo Martin de Holan, who is the founding Dean of Graduate Studies and Research at MBSC and also serves as Professor of Management at the College. Previously, he was the Dean of MBAs at EMLYON (France), the Chairman of the Entrepreneurial Management at IE Business School (Spain), and the Bombardier Professor of Entrepreneurship at the University of Alberta (Canada).

Key Benefits

  • Prepare your firm’s strategy for the new Saudi Arabia.
  • Reduce the exposure arising from uncertainty, increase the firm ability to profit from new opportunities.
  • Develop the capacity to explore new opportunities while profiting from existing businesses.

Organizational Benefits

  • Understand how to strategize effectively under uncertainty
  • Develop the ability to act decisively, maximizing potential benefits while reducing risk.
  • Develop entrepreneurial mind-sets and skills in the organization to increase the firm’s agility.
  • Help transform your managers into entrepreneurial leaders capable of launching profitable innovations. 

Core Content

The objective of this seminar is to give top managers a set of frontier-of-knowledge tools to adapt their strategy to the changes in the economic structure of the Kingdom.  The evolution towards Vision2030 will create unprecedented opportunities for business firms but also significant challenges. We will provide a well-tested method to help organizations profit from these opportunities, avoiding the challenges.

 We will cover the following four areas that are relevant for Top Managers in the Kingdom:

Strategy under uncertainty. We will explore the causes of uncertainty, and its consequences for management and profitability. 

Strategic ambidexterity. Then, we will discuss how multi-business firms can operate simultaneously in environments that have different levels of uncertainty, from the very predictable to the chaotic. 

Strategic inertia.  Inertia is the tendency to keep doing what one is doing.  First, we will examine the different sources of inertia, and explore biases and errors in strategic decision-making.  Then, we will see why organizations have strong inertial forces in their strategy. We conclude by showing how to overcome them. 

Profitable innovation.  In this segment, we will present a methodology that allows top management teams to encourage and remunerate profitable innovations in their organization, by defining innovation as a portfolio of options within different time horizons, defining innovation as an insurance mechanism against uncertainty.

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Program
Highlights

Learn the mechanisms to reduce uncertainty through the acquisition of information are well known. In this seminar, we focus on how to create effective strategies when the uncertainty cannot be reduced, and we do so by focusing on the sources of internal rigidities, and on methods that allow managers and organizations to become more agile when reacting to uncertainty.

Who Should
Attend

Board members and Directors, C-level and senior executives in charge of strategy design and implementation, Seasoned and influential executives, Senior managers, Top Management Team members.

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