Foundations of K Group Corporate Planning
- Overall understanding of the main mega-processes, methodologies, and tools of corporate planning within the K Group: Strategic planning, performance management, business development and capital projects.
- Module 1: Introduction to Strategic Planning.
- Understand what strategy means and how to think strategically.
- Define the K Group strategic plans and strategic initiatives; understand their applicability in each of the K Group companies including stakeholders and their responsibilities.
- Describe the concepts, methodologies and documents used for the development of company strategic initiatives, annual business plans and long term plans.
- Use business planning guidelines and processes to align company objectives to the overall vision of the K Group/ K Company.
- Utilize the Balance Scorecard methodology/ performance evaluation approaches to understand K Group Key Performance Indicators (KPIs)/ Key Performance Measures (KPMs) and their alignment to business plans.
- Module 2: Introduction to Capital Projects.
- Define the K Group/ Subsidiaries capital programs and projects and describe the program objectives, scope, resourcing requirements, stakeholders roles/responsibilities, performance indicators, contracts & policies, limitations and administrative activities.
- Understand the projects financial concepts, formulas and calculations used for project identification, project evaluation as well as developing projects and program budgets within the K Group.
- Describe the methodology and process used for program budgeting systems and their linkages to various project budgets/ expenditure allocation.
- Describe the project monitoring and evaluation dashboard.
- Define the various elements of project evaluation and progress reporting.
- Identify and complete the required documents and templates used during the project cycle.
- Module 3: Introduction to K Group Performance Management.
- Define the performance cycle and process used across and K Group and its subsidiaries.
- Define the performance evaluation and monitoring tools used to measures performance, parameters and/ or indicator (such as KPIs/ KPMs).
- Apply Corporate Planning performance framework (tools and techniques) in drafting reports and documents.
- Module 4: Introduction to Business Development.
- Understand the business development process and research methodology used for internal and external environmental scanning/ analysis, customer analysis and product/ service competitive analysis.
- Understand the applicability and contribution of situational and market trends analysis to the business development process.
- Describe the concepts, guidelines and techniques used for product/ service positioning within a competitive advantage based on market and competitor analysis outcomes.
- Define the pricing policies and protocols followed within the K Group for the various products/ services.
- Understand the guidelines followed by the K Group and the Kuwaiti government entities for the development of pricing policies.
Related Courses
Core of Balanced Scorecards and KPMs
Understand the basic elements and concepts of the balanced scorecard.Outline the reasons for adopting a balanced scorecard system.Describe methodologies used to build and implement a scorecard.Understand what is strategy mapping and how to develop strategy maps and initiatives.Define performance measures and how to develop meaningful KPMs and objectives.Relate functional scorecards to business scorecards.
Professional Strategy Development and Strategic Planning
Understand the strategic planning principles and determine a frame of reference for strategic planning concepts.Describe the strategic planning process.Identify strategic planning issues in order to develop a unique competitive advantage.Learn key analytical and conceptual approaches to expand understanding of various Strategy Planning models.Define the evolving strategic patterns and generate ideas on how they can be applied to the organization.Understand ways to communicate and negotiate with stakeholders the organization's mission, vision and strategic objectives.