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Business Strategy for publishers

Module Leader: Richard Flaye

Overview: The workshop will cover simple and workable definitions of strategy, with the major concepts of strategy applied to a magazine and two case studies from the business and consumer sectors. Delegates will gain a 'strategy toolkit' and develop a model for their own magazines. The module will include a live example of a 'strategic workshop' showing delegates how to develop robust strategies with their own teams.

Module Content:
Day One:

(i) Strategy Overview

  • Strategy - Why bother?
  • What is strategy?

(ii) Building Blocks and Business Magazine Case Study

  • The strategic triangle
  • Key buying and success factors
  • Three generic ways of competing
  • Segmentation and positioning
  • Forces-at-work
  • Distinctive competences
  • SWOT
  • Competitive reaction
  • 'What business are we in?'
  • 'How' and 'where' to compete

(iii) Recap on Lessons From The Day

  • Industry /publishing forces at work
  • Editorial mission statements
  • Key buying factors versus competition
  • Segmentation - positioning
  • Delegate homework (delegates select one of their own magazines)

Day Two:
(iv) Review of Homework

(v) Consumer Magazine Case Study

  • Segmentation
  • Positioning
  • Competitive reaction
  • Concepts

(vi) Overview of Corporate Strategy and How It Relates to a Magazine's Strategy

(vii) The Strategic Planning Process

  • Involving your team
  • Thinking creatively
  • Conducting strategic planning workshops

(viii) Live Example From One Course Delegate

  • Illustrating how to develop the individual's strategy with the team

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