The seminar was really interesting and good organized and structured. The first one and a half day was going through different models which support strategic thinking and application in group works where we were running a shipping company. The team where I was a member of was winning the contest and we created wealth for our imaginary shareholders while others managed it to destroy plenty of wealth :-) We started with a few ships and £600 million. Our team finished after 30 quaters with a value of £1605 million. It was a good lessen how to react on external shocks trough the environment and how to develop a strategy to go through the different stages of the economy cycle...
The core of the course is about a model which was developed by the Edinburgh Business School called the "Strategic Process Model":
After this sessions we were going through more models and got additional information and learned what we did right or wrong. One of the biggest mistakes is to take intuitive decisions and the target of the 4 days was to shut down intuition and develop a analytical approach to look at important factors which are influencing the strategy.
The only bad thing about the seminar was the group again, people were coming late again and some disappeared after the first day again. Here you can see a picture of the group to get an idea how it looked like...
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