Failure And Success Of Organisations
Post-pandemic, firms are facing far more challenges to expand their business than the pre-Covid period. Business dynamics are changing on a regular basis. Supply chain has become one of the biggest strategic issues for all levels of enterprises. For example, acute shortage of semiconductor chips aggravated by the pandemic forced shutdown of the automotive production lines in 2021. Execution of strategy has seen a dimensional change in a VUCA environment. One of the most difficult parts of strategy execution was out-of-box thinking of running end-to-end business remotely through online interactions for which firms were not ready. A few other reasons are unclear communication, rising leakage/losses, ineffective culture, poor leadership, and lack of avenues for networking.
In contrast, the pandemic has brought a series of learning for corporates. The new mode of business has brought a fresh line of thought for executing strategy using e-commerce. Interestingly, now firms are open to make several changes in the nature and style of doing business across the world. Understanding of blue ocean and transient strategies to regain competitive advantage has become significantly important. Many organisations are now offering work-from-home (WFH) as a permanent option to their employees. This was unusual in the pre-pandemic period. This MDP endeavours to capture strategic change and advance topics in strategic management to deal with rising failures of organisations.
- To sensitise the participants to the reasons for failure of businesses in the Covid era
- To study a few real-life case studies of businesses which have excelled inspite of the Covid effects
- To assess possible changes in competitive strategy to thrive in a stiff competitive environment
- To become alert to the possible changes in managing strategies in the post-Covid era
- Reasons for Failure of Companies
- Foundation of Strategy and Competitive Advantage
- Transient and Sustainable Competitive Advantage
- Blue vs Red Ocean Strategy
- Strategic Change and Strategic Risk Management
- Loss Minimisation for Better Performance
- Good Practices to Reduce Corporate Failure
Who can participate
Executives at middle and senior levels in government organisations, public and private sectors, MNCs and NGOs.
Registration and Fees
Participants should be nominated by their organisations. The enclosed nomination form should be completed and returned with all the details. The fee of the programme is Rs. 25,000 (rupees twenty-five thousand only) per participant which includes a professional fee, all charges for lodging and boarding, and supply of course materials. GST as applicable will be charged extra in addition to the programme fee. Payment should be made by cheque/NEFT/RTGS.