As the business environment becomes ever more uncertain and turbulent, the requirement for professional leadership and effective management control throughout organizations is at a premium. Strategic Planning, Management Control & Effective Budgeting is for those who are dedicated to maximizing the performance of their organizations, as well as their value-added contribution (and that of the people who work for them). The elements of the course provide a structured, coherent, and comprehensive framework for addressing the challenges which face professionals in respect of both their day-to-day and longer-term responsibilities.
This course will be particularly relevant to those professionals who are involved in setting the direction of the organization (or that of their function within it), and are also accountable for the delivery of cost-effective processes, activities, and operations. This course will provide professionals with a comprehensive range of skills essential to effectively leading both people and projects/processes in times of increasing global competition, and where budgets are inextricably linked with strategy formulation, people leadership, and cost analysis.
At the end of this course the participants will be able to:
Develop an appreciation and understanding of strategic planning and management control processes.
Understand how the elements within them interact to create a systemic approach to the effective and efficient management of organisations, from strategy formulation through to efficient execution.
Learn how to recognise, manage and mitigate risk.
Gain awareness of the kind of leadership which really makes a difference in unleashing the potential of everyone in the team.
Understand the key factors which lead to sustainable business success.
Think in terms of terms of process-value added to customers/shareholders.
Integrate the organization's strategic planning with budgets and processes of cost control.
Understand the importance of project management, appraisal, planning.
Explore traditional versus innovative budgetary techniques.
Explore capital and activity-based budgeting techniques.
Identify key strategic and financial indicators for the business, and how and when to monitor them.
Discuss the problems and limitations of budgetary control and look for alternative tools.
Understand the importance of balancing financial and non-financial measure in managing projects.
Link budgetary processes with quality issues and business process improvement.
Identify priorities for continued professional development.
Project Managers
Head of Departments
Budgeting Staff
Employees who want to gain great experience in strategic leadership and finance to improve their career
Introduction to strategy - background, historical developments, major theories
Thinking strategically
A consistent approach to strategy development
The relationships between vision, mission, and strategy
The steps involved in developing a strategy
Implementing a strategy
The meaning and nature of risk
Identifying the risks in a given strategy
Prioritizing risks
Contingency planning
Risk mitigation strategies
The essential role of negotiation
Focusing on mutual interests
How to separate the people from the problem
Remaining objective and dispassionate
Negotiating with more powerful people
Negotiating tactics
The strategic nature of leadership
The differences between leadership and management
Turning leadership theory into practical leadership
Maximizing the performance of each team member
Motivating the 'average' employee
Developing a personal action plan for further self-development
Intrapersonal skills
Interpersonal skills
Strategic leadership for team development
Innovative Leadership skills
The key role of budgeting and cost control in contemporary organizations
The 21st-century business imperative: delivering value-added (but to whom?)
Towards a cross-functional process-view of the organization
Financial vs. Managerial accounting (for decision making)
Understand your processes: integrating financial and non-financial aspects
Identify the key processes/projects for your organization
Cost concepts and terminology
Different costs for different purposes
Fixed vs. Variable costs: the Cost-Volume-Profit analysis model
Contribution Margin analysis
Manufacturing vs. non-manufacturing costs
Period VS Product costs: inventory evaluation and control
Under-costing and over-costing: the consequences for profitability
How to refine a costing system?
Indirect (OH) VS Direct costs: Traditional Cost Allocations systems VS Activity-Based Costing (ABC)
Cost hierarchy & Cost drivers
Linking resources, activities and management
Introducing Activity-based budgeting (ABM) and management (ABM)
Define the master budget and explain its major benefits to an organization
Describe the difference between a static budget and a flexible budget
Compute flexible-budget variances and sales-volume variances
Discuss the behavioral implication of budgeting
The budgeting process in your organization: how to improve it?
Which tools shall we use to complement budgeting and costing?
Broadening performance measurement systems
The key role of customer satisfaction and business process reengineering
Beyond budgeting: integrating financial and non-financial issues
Being an operations administrator and planning who does what and when within a team requires a high level of ability and is fraught with difficulties. This training program in administrative operations and coordination will offer a special chance to grasp the abilities needed for this position, from the macro to the micro. From the technical talents needed to plan and implement procedures, to the more delicate abilities of speaking clearly and confidently with others, to the leadership and management capacities to think broadly and organize.
The term ‘strategic management’ is used to denote a branch of management that is concerned with the development of strategic vision, setting out objectives, formulating and implementing strategies, and introducing corrective measures for the deviations (if any) to reach the organization’s strategic intent.
Therefore, this Strategic Management Course focuses on delivering a high-level practical understanding of the complete elements of the subject – analysis, planning, implementation, review, development.
Achieving outstanding sales results in an increasingly competitive world is a difficult task. Only by establishing a modern sales force management system and by training sales management personnel effectively, can today’s firm compete. The Certified Sales Manager course provides frontline sales managers with the knowledge, skills, and tools they need to drive bottom-line performance. It focuses on improving organization and forecasting skills, as well as other technical competencies aimed at guiding salespeople towards higher performance.
Alliances in business are a natural route for development – but not all contracting relationships can truly be seen as alliances. A good, trusting and open relationship is essential for a long-term and successful alliance – and this needs to be practiced by the negotiators involved. Negotiation is inevitably at the heart of every process to achieve what you want, whether in an agreement, bargaining for an item, or closing a deal. At the end of each negotiation, the goal is to seek a win/win outcome – an essential characteristic of long-lasting alliances. This course provides an essential framework for effective negotiation — which will be vital for building and exploiting an alliance - from building the relationship, critical thinking to prioritize goals
A greater grasp of IT governance and management is the goal of this COBIT 2019 Foundation course. COBIT is a comprehensive library of information, tools, models, and resources that enable business executives to achieve their goals for effective governance. Best practices for corporate information and technology governance and management can be found in COBIT 2019 FOUNDATION, the most recent version of the industry-leading framework for these activities.
The economic analysis is a scientific method of research and a logical method of economic study, through which the factors influencing the behavior of economic phenomena can be explained. And it provides us with the different logical tools that are used to derive the different economic theories. If the theory represents the conclusion, the analysis represents the research platform.
There are different classifications of the types of economic analysis On different criteria related to the size of the economic unit covered by the analysis and the degree of comprehension desired by the analyst and can be classified economic analysis: to partial analysis, and comprehensive analysis.