PROGRAM'S BACKGROUND

Understanding Financial Planning & Strategic Leadership ensures accountability while aligning the entire business with actionable and achievable goals and objectives. This involves setting and committing to new standards of performance with built-in contingencies for all plans. Periodic reviews and links to operational plans help to make the strategy a reality. This program will enable you to learn the many benefits of financial planning & strategic leadership, including:

›       Improved planning, implementation, and results

›       Improved strategic leadership

›       Better utilization of core competencies and recognition of next competences needed

›       Integration of strategy, finance, and operations

›       Realization of sustainable competitive advantage

›       Greater understanding and willingness to change

›       Stronger commitment to goals and objectives

PROGRAM'S OBJECTIVES

This Program’s Attendees Will Be More Able To:

›       Introduce the concept of strategy making and its benefits

›       Understand the role of leadership in strategy making

›       Understand the link between involvement and accountability

›       Provide insights into developing implementation plans

›       Develop an actionable financial plan with controllable milestones

›       Understand the pitfalls of strategic planning

PROGRAM'S ATTENDEES

›       Executive level managers with strategic and/or financial responsibility

›       Senior level managers who need to understand strategic implementation and its financial impact

›       Middle level managers in operations, finance, operations, engineering, planning, procurement and any other area affected by strategic decisions

›       Those whom are held accountable for financial performance

PROGRAM'S OUTLINE

WHAT IS STRATEGIC & FINANCIAL PLANNING?

›       The role of strategy in business and why it matters

›       The ingredients of a good strategy

›       Customer analysis and market segmentation

›       Effective strategy making processes with proper financial planning

›       Tools for understanding industry developments

›       The core strategic financial choices for a business

›       Who is responsible for strategy making and who should be held accountable?

INTEGRATING STRATEGIC & FINANCIAL PLANNING WITH OPERATIONAL MANAGEMENT

›       Contrasting management with strategic leadership

›       The competencies of strategic leadership

›       The top manager as strategist

›       The CFO as strategist

›       Using Scenario analysis and environmental scanning

›       SWOT and other acronyms

›       Corporate Culture and its effect on strategy and financial planning

›       The operational managers role in strategy

USING OBJECTIVE EVIDENCE FOR STRATEGIC & FINANCIAL PLANNING

›       Analyzing the market and the customers

›       Understanding the competition

›       Financial analysis: past, present, and future

›       Knowing the core strengths and weaknesses of your business

›       Identifying your core competitive advantage

›       Developing Vision statements that make a difference

›       Developing mission statements that make a difference

›       Examining alternative strategies

›       Creating the strategic plan

IMPLEMENTING THE STRATEGIC & FINANCIAL PLANS

›       Preparing the ground for change in the business via financial planning

›       Communicating the strategy and control points

›       Overcoming internal political resistance

›       Reviewing and measuring progress with proper variance analysis

›       Turnaround and corrective measures

›       Managing implementation as a continuous process

BECOMING A LEADER OF STRATEGIC FINANCIAL PLANNING

›       Building strategy making and implementation into the role of managers at all levels

›       Developing strategic leadership capability

›       Creating organizational commitment to the business strategy

›       Leading strategy making teams effectively

›       Incentive systems

›       Balanced Scorecard and other performance management systems

›       Realistic action planning 

ADDITIONAL DETAILS