COURSE OVERVIEW:
A management model is the choices made by a company’s top executives regarding how they define objectives, motivate effort, coordinate activities and allocate resources; in other words, how they define the work of management.
Inspired by changes in the expectations of their employees, new technological capabilities and the offerings of emerging competitors, some companies are discovering that a distinctive management model can itself be a key driver of its competitiveness.
A management model involves choices at the most fundamental level about how the company will be run. Those choices then shape the specific practices and behaviours in the company. Because these principles are invisible and rarely made explicit, we are often unaware of the management models we are using.
By understanding the management principles operating inside companies and the alternatives that exist, it is possible to make conscious changes to our management models that can be enormously beneficial to competitiveness.
There is no one best management model, and there is no old set of principles that needs to be replaced by a new set. Rather, there are choices to be made, and the appropriate choice depends on a host of circumstantial and competitive factors. The companies that generate competitive advantage out of their management model are those that make conscious and distinctive choices about what principles to follow.
This course provides many different management models with a succinct description of the essence and usefulness of each of the management models provided. In addition, remarks, and final analysis on the limitations of each model and potential pitfalls with regard to their use are included.
The description of each model is accompanied by one or more illustrations of a demonstrative nature. In addition, a number of models are supplemented by case studies describing how the model in question was used in a specific situation.
LEARNING OUTCOMES:
By the end of this course, you will be able to understand:
· What is meant by Management Models?
· Ansoff’s product/market grid - when to use it and the final analysis
· The four generic growth strategies that follow from Ansoff’s matrix
· The specific growth vectors that can be identified, based on how ‘different’ the new product and/or market are
· Ansoff’s product/market grid in practice
· How Ansoff’s matrix covers five components of corporate business strategy?
· The balanced scorecard - when to use it and the final analysis
· How the balanced scorecard makes it possible to see aggregate financial consequences of non-financial measures that drive long-term financial success?
· The BCG matrix - when to use it and the final analysis
· Belbin’s team roles - when to use it and the final analysis
· The Berenschot project management model - when to use it and the final analysis
· Business process redesign - when to use it and the final analysis
· The five important rules to keep in mind with any BPR project
· The capability maturity model - when to use it and the final analysis
· Change quadrants - when to use it and the final analysis
· How the approach for change depends on whether an organisation is ‘warm’ or ‘cold’, and whether the change is ‘warm’ or ‘cold’?
· The chaos model - when to use it and the final analysis
· The four steps that are suggested for the use of the chaos theory in organisational change?
· Competing values of organisational effectiveness - when to use it and the final analysis
· Competitive analysis: Porter’s five forces - when to use it and the final analysis
· Core competencies - when to use it and the final analysis
· How to determine core competencies?
· Generic competitive strategies - when to use it and the final analysis
· The three internally consistent and successful strategies for outperforming others
COURSE DURATION:
The typical duration of this course is approximately 2-3 hours to complete. Your enrolment is Valid for 12 Months. Start anytime and study at your own pace.
COURSE REQUIREMENTS:
You must have access to a computer or any mobile device with Adobe Acrobat Reader (free PDF Viewer) installed, to complete this course.
COURSE DELIVERY:
Purchase and download course content.
ASSESSMENT:
A simple 10-question true or false quiz with Unlimited Submission Attempts.
CERTIFICATION:
Upon course completion, you will receive a customised digital “Certificate of Completion”.