IIM Indore’s Strategic Management programme endeavours to serve two purposes:
1. To a manager, aspiring to be the CEO, it provides a comprehensive and integrative view of all the structural and functional areas of managerial decision-making processes, right from the planning (formulation) stage to the execution (implementation) phase.
2. To a manager aspiring to be a successful entrepreneur, it provides avenues of opportunity identification, enabling the start-up to outperform peers (other firms) and sustain that performance.
If that sounds good enough, please check out this programme from the portfolio of IIM Indore.
The field of strategic management emerged from the discipline of Business Policy, developed under the aegis of the four stalwarts of Harvard Business School, namely Roland Christensen, Edmund Learned, Kenneth Andrews and William Guth. Strategic management deals with two broad concepts – the firm (company) and the environment (market – local, national, international) in which the firm operates. Markets are complex and dynamic, full of ambiguous uncertainties, and volatile by nature. It poses unimaginable threats, but lucrative opportunities for the initiated. Strategic management enables managers to be a part of those initiated few via relevant theoretical, practical and technological tools and techniques and to reap benefits in an otherwise dynamic and ever-changing market.
Strategic management teaches adaptation and enables profitable evolution to the next level, where most others fail to survive the first year. Strategic management showcases the pre-planning processes in business, but also adaptive post planning, mostly against technological and technology-induced disruptions like artificial intelligence, AI induced services etc. Additionally, strategic management also teaches how to benefit by leveraging those disruptions and discontinuities in the market. It inculcates competitive advantage seeking behaviour within the manager. Learning the embedded strategic activities, therefore, assumes significance. To that end, the specific deliverables within the portfolio of IIM Indore are succinctly presented below.
IIM Indore has customized the Strategic Management for Transformational Growth programme to help students understand relevant metrics and key initiatives in modern-day management practices. This programme will help students build essential adaptive and dynamic capabilities in these times of widespread discontinuities and disruptions. It will help them drive business and corporate growth through embedded and deep analysis and innovative insights.
Today, people across the organisational hierarchy are increasingly relying on strategy for their comprehensive knowledge and extended career needs, given an increasingly unpredictable market. This programme, designed for senior and mid-level, mid-career managers, provides a prospect to transition to strategic leadership roles. They will be taught functional, business and corporate strategies as well as organic and inorganic growth strategies and business simulations to highlight a few of the deliverables.
IIM Indore’s Strategic Management for Transformational Growth programme will be a mix of online and on-campus sessions. Its duration is nine months. The prestigious IIM Indore faculty will be teaching this programme. Real-life case studies, peer-to-peer learning, capstone projects are important facets of this unique programme. It promises to help bridge the chasm between existing practices and next-generation theories for next-generation practices.
So, what will the Strategic Management programme teach you?
Businesses in the present day are moving towards sustainability. With this programme, students will be able to craft innovative strategies that will help them grow businesses in a VUCA (Volatility, Uncertainty, Complexity, Ambiguity) world with hyper-competitiveness.
This programme will enable you to:
· Understand the effective frameworks, principles and contemporary best-practices in applied strategic management
· Evaluate external forces and internal capabilities for effective strategy implementation
· Analyse innovative alternative strategies to navigate towards sustainability in a competitive environment
· Understand and integrate business, corporate and functional strategies for transformational growth
· Plan and execute organic and inorganic growth strategies to optimise for performance and growth
· Leverage strategic leadership and turnaround management principles to drive strategic change
IIM Indore Executive Education Alumni Status:
On successfully completing the programme, participants will be eligible for the prestigious IIM Indore Executive Education Alumni Status (optional). The participants will need to apply separately along with the necessary fee to register their names.
Benefits available to Executive Education Alumni Status:
· Communication of Brochures and newsletters from IIM Indore
· Access to the IIM Indore Campus Library (onsite access only)
· Official email id of the institute
Access to Eruditus Career Services Upon successful completion of the programme, students will get access to Eruditus Career Services. This will help them manage their career proactively. The offerings include building an impressive resume, LinkedIn profile, interview preparation and job placement assistance. The portal incorporates an online platform where placement assistance from Eruditus’ partner companies is published, applied to, and tracked to success. Several Eruditus alumni work at Microsoft, ICICI Bank, Infosys, HDFC, Airbnb, Accenture, Cognizant, Ola, TCS, Wipro Flipkart, JSW, Honeywell, JP Morgan, Reliance Jio, Mahindra, Gartner, amongst others.
Programme details:
Programme starts: March 30, 2022
Programme fee: INR 1,75,000+GST
Who can apply: Diploma /Graduate minimum (10+2+3)/ Postgraduate from Universities recognised by Association of Indian Universities with minimum three years of work experience after completing Graduation / Post Graduation as on March 30, 2022
So, if you have been contemplating your next career move, or feel like adding to your skill set, explore the prospects of this programme
About IIM Indore
IIM Indore is now the second IIM in the nation to receive triple accreditations. With a mission to be a contextually-relevant business school with world-class academic standards that develops socially-conscious managers, leaders and entrepreneurs. It is committed to excellence in management education, research & training, and using contemporary participant-centric pedagogies & teaching methods. IIM Indore is one of the fastest-growing institutions in India today. It has consistently ranked among the top 10 B-schools in India, and it ranks 6th in NIRF 2021. The institute has constantly featured in Global Ranking. In the FT Rankings, IIM Indore ranked in the Top 100 in 2021 (4th in India and 3rd amongst the IIMs). In QS Global MBA Rankings, IIM Indore ranked 25th amongst all the top business schools in Asia (4th position amongst the IIMs).
About Eruditus Executive Education Eruditus Executive Education offers customised and open programmes in India, Singapore, Dubai and other global locations in collaboration with some of the best institutes across the globe, including ISB, MIT Sloan, Columbia Business School, INSEAD, Harvard Business School (HBS), Kellogg Executive Education, Berkeley Executive Education, Wharton Executive Education, IIM Lucknow Executive Education, IIM Calcutta Executive Education and Emeritus.
This article was first published on Times of India.
