Business Strategy Lessons for Beginners
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Business is an important part of everyone's life but those who have opted in as a means of living, need to understand the depth of it. Business is done on multiple levels and scales from the beginning of human culture. We are dependent on each other in this equilibrium of demand and supply that is never going to change.
The business has evolved to a much more sophisticated and advanced form today and you need to have a proper business education to run a business or manage one. Business education is being offered in multiple institutions all over the world in bachelor's, masters, and specialization but that is not the same as learning business strategies.
If you are a small-scale business owner, or a manager who wants to learn what it really takes to drive a business towards success, you need to have some efficient strategies at your hand. These lessons below will help you understand the importance of having the right strategy, learn some cool strategies that work for the progress of any business, or how to derive your own strategy for the growth of your business. If any of these goals sound like your thing, you must have a look at the following courses for online guidance.
6 Best Business Strategy Lessons for Beginners Review
1) MasterClass: Bob Iger Teaches Business Strategy and Leadership
Bob Iger is renowned for being the CEO of the world's most beloved brand Disney in the era of disruption. He took Disney to new heights with the acquisition of Pixar, Marvel, and Lucasfilm. Bobs have spent over 45 years in media and in this course, he explains all that is needed to expand a brand, lead your team with integrity, and make big moves.
Bob also teaches the importance of timing, making the right decisions, and taking risks as a leader to ensure a successful outcome of your endeavors in any business, especially media.
This is a relatively short course with only 2-hour of video comprising of 13 lessons. Each lesson focuses on a key aspect that you must have to ensure the successful growth of your business and making it big in the longer run. You will learn how to use your time efficiently and prioritize in an efficient manner to ensure that you are moving in the right direction with the help of this course.
In addition to that, you will be learning how to devise a strategy and keep focused on it. He also explains the art of negotiation, making big deals through it, and creating a brand value in the market through your wit in this course.
2) Udemy: Business Fundamentals: Corporate Strategy
This cool course on Udemy allows you to have a deep peek into what it takes to be successful in business. The course by 365 careers contains 3-hours of on-demand video, 1 article, and 4 downloadable resources that you can use to learn business strategies. You will be learning to perform industry analysis and executing competitor analysis efficiently with the help of this course.
Not only that, but you will also learn how to assess the bargaining power of suppliers and clients. This course helps you understand the threat of substitute products and new industry entrants. Further, you will also be able to learn how to counter these and sustain your profit margin in addition to your efficiency.
With the help of this course, you are in for main competitive strategies such as Cost leadership, Differentiation, and Niche. You will learn how to acquire a competitive advantage and use it to your benefit with the help of this course. It is suitable for people with or without business education who are looking to excel in their careers in business let it be as a manager, CEO, or owner of the business.
3) Udemy: Business Strategy Execution: Designing Agile Organizations
This course is designed by the Institute for Leadership Excellence with the help of Lawrence M. Miller. In this extensive course for 11-hours of video and 25 downloadable resources, you will learn everything out there about transforming the culture and capabilities of a business, by giving them a boost towards success.
You will learn how to increase the overall efficiency of any business by deriving the right strategies and applying them with the help of your colleagues. This course allows you to learn, how you can create a process of agile action to achieve strategic business goals. Not only that, but you will also learn to align the internal technical systems to achieve the right business strategy that would ensure imminent success for you and your business.
Besides, you will need to have a basic understand of organizational culture, and change management experience to have the full advantage of this course. This is a perfect course for leaders and leadership teams who hold the business responsibilities so they can understand the importance of the right strategy towards the growth of a business and make it big.
4) Udemy: Business Strategy Formulation: Become a Strategy Consultant
This is an allrounder course that does not only focus towards deriving and applying a strategy towards a single business but upon completion, you will be able to formulate successful business strategies for any business by assessing and evaluating the strengths and weaknesses of the business. You will be able to deliver better business results by identifying the key steps that are needed to achieve your strategy and make it count towards the overall success and growth of a business.
The course allows you to learn how promoting discussion, debate, and alignment can help a business grow significantly. This course enables you to structure complex issues and find a fix for them using the best of your team capabilities. You will be able to crunch data and assess the right information through it that will help you greatly in making a business strategy that works.
Moreover, the course is a perfect choice for any business owner, entrepreneur, or Strategic consultant who wants to pursue a career in the formulation of business strategies. The course includes case studies from fortune 500 companies that will be a great plus for you to learn from their mistakes and decisions that helped them reach where they are today.
5) Coursera: Business Strategy Specialization
If you are looking to grow in your career, or learn some practical experience to start your business career, this is the perfect course for you to choose. Based on the curriculum of the University of Virginia to facilitate online learning, this course with a 100% online training module and the flexible deadline is the closest you can get to a traditional business specialization and that too online.
Over this 6-month course, you will be learning how to steer your business to succeed and generate the right value for it. This course will not only help you understand and learn some business strategies but also enable you to study the industry evolution and read the needs of time so you can devise the strategy that will lead you towards an imminent success.
With the help of this course, you are going to build and sustain a competitive advantage and stay one step ahead of competitors at all times. You will also learn how to formulate and assess business strategies, and to align efforts to develop an organizational strategy that would result in perfectly optimized teamwork.
6) Coursera: Business Strategy - Lessons for Beginners
If you don't want to get in tons of concepts and theories and are looking for a simple, to-the-point, and workable approach towards learning business strategies, then this is definitely the course for you. Offered by I Illinois and taught by Deepak Somaya, this course teaches you how to create, capture, and maintain the value for your organization and to use it for gaining a competitive advantage that would sustain.
You will be learning about the value creation for any organization to ensure that everyone is playing their role efficiently to maintain a progressing rapport and keep adding value towards the goals. The course focuses on four main factors that are strategic management, business model, strategic thinking, and business strategy.
The course is only around 17 hours, but those hours are going to change your perspective towards your business and take it to whole new heights of success. You will be getting all the right tools to analyze competition at the industry level and how you can advantage from it. The course allows you to learn how to turn any situation towards your advantage through strategic thinking.
Choosing the Best Business Strategy Lessons for Beginners
Business is all about taking risks, but you cannot risk your success or growth off your business. You need to have a strategy that is 90-10% ratio as moving forward is the key to success for any business no matter how slow your pace is. That is why you need to understand the importance of the right strategy to run any business. These courses are reviewed based on their targeted audience and the goals they can help you cover. You can choose from these courses based on your requirements for running your business.