Business Strategy (Byte Size Skills Course) Course Online | learndirect

Business Strategy (Byte Size Skills Course)

Overview

Business Strategy Course

Every year thousands of new businesses are created. A few will grow to become global companies employing thousands of people, others will never make the world stage; in fact, the majority will cease trading within two or three years.

To survive, managers need a good understanding of the business environment, the opportunities and threats it offers, a realistic appreciation of the abilities and limitations of the business, knowledge of what they want to achieve, and a fairly clear idea of the direction in which the business should go. The route the business takes to achieve its objectives is often known as the corporate or business strategy. In this course, we look at some of the tools that we can use to decide on the strategy. As you will see, the tools we describe are those which link the various functions of the business and are to do with operating the business as a complete organisation rather than as a collection of functions or departments. The business strategy concerns the overall direction of the organisation. Here, we consider the operational or functional strategies that contribute to the business strategy.

After participating in this course, you should be able to:

  • explain how businesses need to align their objectives and capabilities with the needs of their customers and with the environment
  • give examples of business objectives, mission and value statements
  • understand how the business environment provides opportunities for the business but also limit its freedom of action
  • explain how the resources and behaviour of the organisation constrain the choice of strategy
  • describe a range of business strategies and explain the circumstances in which they might be appropriate for a business
  • describe how an organisation copes with an uncertain future and responds to complex environmental change.

Introduction

Objectives

Section 1: Environment, Values and Resources

Introduction

1.1 Values

1.2 Resources

1.3 Environment

Summary

Section 2: Strategic Planning

Introduction

2.1 Types of business strategies

2.2 Choosing a strategy and setting targets

2.3 Implementing strategy

Summary

Course Review Activity

Course Summary

References

Recommended Reading

Tutor-marked Question Paper

Modules

Assessment Method

After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course.

What's Included

  • All study materials
  • Study Guide
  • Full Tutor and Admin support

Requirements

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.

Qualifications

On successful completion of your course you will receive the learndirect Certificate of Completion of Training in Business Strategy (Byte Size Skills Course).

Your course certificate will also state the number of CPD points/hours the course is eligible for.

View a sample of the certificate (opens in new window)

learndirect is one of the largest integrated providers of courses and qualifications, training, and employment services in the UK

  • Each year around 6,000 businesses equip their staff for success with learndirect
  • learndirect have helped more than 75,000 businesses equip their employees with the skills needed to improve productivity.
  • Almost 700,000 maths and English test passes have been achieved with learndirect.
  • 300,000 people fulfilled their career ambitions last year with learndirect.
  • Over 250,000 apprentices have achieved with learndirect.

Business Strategy Course

Every year thousands of new businesses are created. A few will grow to become global companies employing thousands of people, others will never make the world stage; in fact, the majority will cease trading within two or three years.

To survive, managers need a good understanding of the business environment, the opportunities and threats it offers, a realistic appreciation of the abilities and limitations of the business, knowledge of what they want to achieve, and a fairly clear idea of the direction in which the business should go. The route the business takes to achieve its objectives is often known as the corporate or business strategy. In this course, we look at some of the tools that we can use to decide on the strategy. As you will see, the tools we describe are those which link the various functions of the business and are to do with operating the business as a complete organisation rather than as a collection of functions or departments. The business strategy concerns the overall direction of the organisation. Here, we consider the operational or functional strategies that contribute to the business strategy.

After participating in this course, you should be able to:

  • explain how businesses need to align their objectives and capabilities with the needs of their customers and with the environment
  • give examples of business objectives, mission and value statements
  • understand how the business environment provides opportunities for the business but also limit its freedom of action
  • explain how the resources and behaviour of the organisation constrain the choice of strategy
  • describe a range of business strategies and explain the circumstances in which they might be appropriate for a business
  • describe how an organisation copes with an uncertain future and responds to complex environmental change.

Introduction

Objectives

Section 1: Environment, Values and Resources

Introduction

1.1 Values

1.2 Resources

1.3 Environment

Summary

Section 2: Strategic Planning

Introduction

2.1 Types of business strategies

2.2 Choosing a strategy and setting targets

2.3 Implementing strategy

Summary

Course Review Activity

Course Summary

References

Recommended Reading

Tutor-marked Question Paper

Modules

Assessment Method

After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course.

What's Included

  • All study materials
  • Study Guide
  • Full Tutor and Admin support

Requirements

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.

Qualifications

On successful completion of your course you will receive the learndirect Certificate of Completion of Training in Business Strategy (Byte Size Skills Course).

Your course certificate will also state the number of CPD points/hours the course is eligible for.

View a sample of the certificate (opens in new window)

learndirect is one of the largest integrated providers of courses and qualifications, training, and employment services in the UK

  • Each year around 6,000 businesses equip their staff for success with learndirect
  • learndirect have helped more than 75,000 businesses equip their employees with the skills needed to improve productivity.
  • Almost 700,000 maths and English test passes have been achieved with learndirect.
  • 300,000 people fulfilled their career ambitions last year with learndirect.
  • Over 250,000 apprentices have achieved with learndirect.

Need proof of your English and Maths skills? Want to catch up and learn more English and Maths? You can for free when you sign up to this learndirect course.

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