Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Competitive Strategies and Value Innovation Course

By: McTimothy Associates Consulting LLC  

Lagos State, Nigeria

06 - 08 Jul, 2022  3 days

Follow Event

  

NGN 150,000

Venue: The Professional Place: 12b, Olumoroti Street, Gbagada Phase 2, Lagos.

Other Dates

Venue Date Fee  
Aldgate Hotel: 22, King Perekule Street GRA Phase 2 Port Harcourt Rivers State., State, Nigeria 06 - 08 Jun, 2022 NGN170000
The Professional Place: 12b, Olumoroti Street, Gbagada Phase 2, Lagos., State, Nigeria 06 - 08 Oct, 2022 NGN150000
Aldgate Hotel: 22, King Perekule Street GRA Phase 2 Port Harcourt Rivers State., Lagos State, Nigeria 10 - 12 Oct, 2022 NGN170000

This course introduces key concepts, tools, and principles of strategic management allowing managers to create their organization's unique sustainable competitive advantage using differentiation, low cost, or focus strategies. The course also offers managers insight into the concepts, tools, and methodologies of the blue ocean strategy. Participants will learn the strategic logic behind creating blue oceans of uncontested market space and gain understanding into how this concept complements and goes beyond the traditional approaches to strategy.

Course Methodology

This program uses an interactive and cooperative learning methodology to actively engage participants into the most effective learning process by using lectures, participants-led presentations, extensive case studies and analysis, teamwork and brainstorming, and video segments followed by discussions.

Course Objectives

By the end of the course, participants will be able to:

  • Distinguish between low cost, differentiation, focus and best cost strategies
  • Implement low cost strategies in their organizations to gain cost advantages over rivals
  • Recognize and apply differentiation strategies in their organizations to gain differentiation advantages against rivals
  • Apply the basic concepts, tools and frameworks of blue ocean strategy to create a new marketplace
  • Explain how blue ocean strategy is 'put into action'

Target Audience

Professionals, managers, and executives who are involved in influencing and supporting the business and functional level strategies of their organization

Target Competencies

  • Business acumen
  • Formulating a strategy
  • Planning at business and functional levels
  • Innovation and creativity
  • Critical thinking
  • Decision making

Course Outline

Introduction to Competitive Strategies

  • The three big strategic questions
  • Strategy and the quest for competitive advantage
  • Defining competitive strategy
  • The five generic competitive strategies

Low Cost Provider Strategies

  • Objectives and key to success
  • Translating a low-cost advantage into higher profits
  • Approaches to securing a cost advantage
  • Controlling cost drivers
  • Revamping the value chain
    • Keys to success in achieving low cost leadership
    • When does a low cost strategy work best?
    • Pitfalls of low-cost strategies

Differentiation Provider Strategies

  • Objectives and key to success
  • Benefits of a successful differentiation
  • Types of differentiation themes
  • Sustaining differentiation
  • Importance of perceived value
  • Signaling value as well as delivering value
  • When does a differentiation strategy work best?
  • Pitfalls of differentiation strategies

Best Cost and Focus Provider Strategies

  • Objectives and key to success
  • When does a best cost strategy work best?
  • Risks of a best cost strategy
  • Focus low cost and focus differentiation strategies
  • Objectives and key to success
  • Approaches to defining a market niche
  • When does a focus strategy work best?
  • Risks of a focus strategy

Blue Ocean Strategy – The New Market Space

  • Red ocean versus blue ocean strategies
  • The impact of creating blue oceans
  • Value innovation: the cornerstone of blue ocean strategy
  • The six principles of a blue ocean strategy
  • Analytical tools and frameworks
  • The strategy canvases
  • The 'eliminate-reduce-raise-create' actions framework
  • Reading the value curves

Formulating a Blue Ocean Strategy

  • Reconstructing market boundaries
  • Focusing on the big picture, not the numbers
  • Reaching beyond existing demand
The Professional Place: 12b, Olumoroti Street, Gbagada Phase 2, Lagos. Jul 06 - 08 Jul, 2022
Aldgate Hotel: 22, King Perekule Street GRA Phase 2 Port Harcourt Rivers State., State, Nigeria 06 - 08 Jun, 2022
The Professional Place: 12b, Olumoroti Street, Gbagada Phase 2, Lagos., State, Nigeria 06 - 08 Oct, 2022
Aldgate Hotel: 22, King Perekule Street GRA Phase 2 Port Harcourt Rivers State., Lagos State, Nigeria 10 - 12 Oct, 2022
NGN 150,000.00
(Convert Currency)

Patience 07034854045; 09080022449; 08058805333

5% Group Discount for 3-5 participants, or 10% Group Discount for 6 and above participants

Related Courses

Installation and Configuring Windows Server 2016 Course Installation and Configuring Windows Server 2016 Course

3 days, 22 - 24 Jun, 2022 

2022-06-22 12:06:00 2022-06-22 12:06:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

Upon Completion of this Course, you will accomplish following: - Plan and prepare a strategy for server upgrade or migration Prepare and install Server Core installation, Nano Server Understand the ...

Effective Employee Engagement and Motivation Course Effective Employee Engagement and Motivation Course

2 day, 08 - 09 Jun, 2022 

2022-06-08 12:06:00 2022-06-08 12:06:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

Employee engagement is not just an HR issue, it is primarily a business challenge that modern organizations are increasingly facing. According to Gallup International only 29% of employees are ...

Managerial Decision-Making Skills and Problem-Solving Course Managerial Decision-Making Skills and Problem-Solving Course

3 days, 23 - 25 Jun, 2022 

2022-06-23 12:06:00 2022-06-23 12:06:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

Managers are constantly confronted with solving complex problems and making critical decisions. If not handled properly, these problems can have severe negative effects on operations and ...

Developing HR Competencies, Design, Development and Implementation Course Developing HR Competencies, Design, Development and Implementation Course

3 days, 04 - 06 Jul, 2022 

2022-07-04 12:07:00 2022-07-04 12:07:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

Turning the human resources practice in an organization into a systematic approach based on factual observations and numbers is how the HR profession will go to the next level. Providing line ...