Training Program on “Strategic Business Planning”

Nepal AOTS successfully completed a One-day Strategic Business Planning workshop titled 'Strategic Business Planning' on October 1, 2023. The program was organized in association with Asian Pharmaceuticals Pvt. Ltd., Deurali-Janta Pharmaceutical Pvt. Ltd., TIME Pharmaceuticals, and Omnica Laboratories, with the support of the Bangladesh AOTS Alumni Society (BAAS).

The workshop was facilitated by Mr. Md. Mostafa Kamal, a PMS & Strategy Consultant and Strategic Planning Facilitator from Bangladesh, aimed at enhancing the hard skills of top-level managers in leading pharmaceutical companies in Nepal. The primary theme of the workshop was to create the mission, vision, goals, and core values of the organizations, along with formulating strategies based on SWOT analysis, BCG Matrix, Ansoff’s theory, PESTEL, Porter’s five forces, Blue Ocean theory, and the Balanced Scorecard, among others. At the end of the session, participants from each company presented their mission, vision, core values, and strategic objectives based on their learning.

The one-day program took place at Hotel Shanker, Lazimpat, Kathmandu, with 24 participants from the aforementioned pharmaceutical companies.

Participants thoroughly enjoyed and appreciated the training program, as it equipped them with valuable tools and knowledge to enhance their organization's strategic planning process. However, based on feedback received, it was noted that the one-day format was considered quite short for a topic as extensive as strategic planning, and a couple of days were advisable for a more comprehensive exploration of the subject.