Description/Methods

In Strategic Challenge, experienced and prospective business leaders learn how to make complex management decisions quickly, decisively, and successfully in critical situations. Particular emphasis is placed on decision-making and problem solving techniques that have proved successful in day-to-day management. In teams, the participants head and develop a retail chain. The aim is to successfully create and execute an expansion strategy for the firm. The teams are required to take the macroeconomic environment into account and are responsible for all key management decisions. The participants are pitted against competitors within a virtual marketplace. Complex software is used to evaluate the decisions made by the individual firms and to simulate the competitive environment. Alongside the obligatory hard facts, the soft skills required for strategic decision-making are also taken into consideration. In a safe environment, the participants learn how their expertise, emotional competence and motivation can impact on strategic decision-making.

Target group

Something for everyone

• For companies and organizations that face strategic reorientation because of a dynamic competitive environment.
• For teams in companies and organizations that need to make decisions under time pressure.
• For teams that require an effective set of tools to analyze complex situations and implement solutions.

Seminar length: 3 days

9 – 16 participants

Objectives

• Effective decision-making under time pressure.
• Exposure to fundamental strategic principles and issues.
• Experience working in high-pressure management teams, dealing with complexity.

Skills learned