Executive Development Programme (WITS Business School)
The Executive Development Programme (EDP) is designed to lay a solid foundation for those executives who are assuming strategic and business leadership responsibilities, with a joint focus on local and global business. One of the strengths of the programme is the wide variety of delegates it attracts from both the private and public sector, which provides a wonderful opportunity for networking and building relationships that will be mutually beneficial long after the programme has ended.
The EDP will assist delegates:
- To build greater insights into the business leadership role and increase personal effectiveness;
- To increase knowledge of the main functional areas of a business and the environment in which it operates;
- To improve understanding of the interactions between the operational and strategic management of business;
- To improve people management skills by enhancing participants’ understanding of individual and organisational behaviour, within the context of a business environment that is becoming increasingly diverse at strategic and operational levels; and
- To introduce examples of outstanding business practice.
Senior managers and executives who have been identified by the organisation as potential leaders of business units. Tertiary level academic qualifications are preferable; however, the required experience at the appropriate level will be considered based on individual merit.
This module develops skills with regard to team building, group and team interaction; with issues of diversity and diversity management being emphasised. Group dynamic theory is interspersed with interactive learning. It also serves as an introduction to adult education and the philosophy of life-long learning as well as the principles of interactive and participatory learning.
Leadership and Change Management
The starting point of this module is that of understanding yourself as a leader and the importance of influencing followers. This is accomplished using psychometric instruments, which provide insights into the delegates’ own leadership styles.
Ethics and Governance
In this module the core elements of corporate governance are explored, focusing on an overview of the King III report which includes directors’ responsibilities in the ethical supervision and control of the organisation, compliance with the legal frameworks, and managing the relationship with stakeholders.
This introductory module covers an overview of the financial statements that drive managerial decision-making as well as the meaning and integration of the income statement, balance sheet and cash flow statement. We also cover the extraction of key ratios and their use in a variety of business contexts.
We explore the pivotal role of marketing in creating value for customers and other stakeholders. The major topics include value creation for customers, developing a differentiated and creative marketing strategy, the latest concepts on product and brand strategy along with marketing best practices.
Environment of Business
Using country and business case studies, we explore the effect of globalisation on markets and production, national differences in political economy, the impact of the environment of business, the global trade and investment environment, and the strategy of international business.
Strategy and Strategic Thinking
This module examines the latest thinking on the formulation of strategy with exposure to the complexity of strategy and the strategy process. Some of the perspectives covered are strategy as an external environmental analysis, strategy as planning and learning, strategy as stretching market paradigms and leveraging firm resources, and how strategy has changed in the face of the ‘new economy’ and the appearance of the internet. These insights will enable a critical evaluation of strategy formulation.
Additional Elective Modules
A selection of the following modules can be chosen to enhance the core modules described above:
- Economics - Global perspective
- Change management
- Strategic management
- Talent and diversity management
- Human capital development
- Competitor intelligence
- Dates for 2017 to be confirmed by WITS Business School.
R 58 000.00 (excl VAT)