Strategic Planning, Management Control and Effective Budgeting
Schedule & Fees
Start Date:
07 Oct 2024
End Date:
11 Oct 2024
Venue:
Paris
Fees:
6100€
Select Other "city & date"
Strategic Planning, Management Control and Effective Budgeting Course
Introduction:
Mastering essential skills such as developing strategies, conducting risk analysis, negotiating, budgeting, and cost control is crucial for individuals committed to maximizing their performance and making a valuable contribution, as well as for empowering their teams. In today's increasingly uncertain and volatile business landscape, the demand for effective leadership and management skills across organizations has never been higher.
This course offers a comprehensive and well-organized framework to address the challenges that professionals encounter in their day-to-day and long-term responsibilities. By acquiring these skills, participants will be equipped with the tools and knowledge needed to navigate the complexities of the business environment. Whether it's formulating effective strategies, analyzing and mitigating risks, negotiating successfully, managing budgets, or exercising control over costs, the course provides a structured approach that enables professionals to excel in their roles and add value to their organizations.
Course Objectives:
After end of Strategic Planning, Management Control and Effective Budgeting course, participants will be able to do:
- Develop an appreciation & understanding of each of the elements of the course
- Understand how skills interact creating a systemic approach to mastering the essential tasks of any leader
- Develop the skills and applications needed to master and integrate each individual element
- Utilize the elements in achieving individual, team, and high organizational results
- Identify priorities for continued professional development
Who Should Attend?
This training course is suitable for a wide range of professionals, but will greatly benefit:
- Current and potential Managers and Business Leaders at all levels
- Those responsible for developing and leading strategic changes
- Procurement and Client Service Managers responsible for negotiation strategies
- Functional Team Leaders in the public or private sector
- Staff Members responsible for budgeting and financial controls
- Non-finance Managers with financial responsibilities
Course Outlines:
Strategy
- Introduction to strategy - background, historical developments, major theories
- Strategic Management – a practical approach for every leader
- A consistent methodology for strategy development
- The relationships between vision, mission, and strategy
- The steps involved in developing a strategy
Risks
- The meaning and nature of risk
- Identifying the risks in a given strategy
- Prioritizing risks
- Contingency planning
- Risk mitigation strategies
Negotiation
- The everyday role and attitude of ‘Win-Win’ negotiating
- Power - gaining a superior position
- Strategy and Tactics in negotiating
- Understanding your opponent’s negotiating style and tactics
- Negotiating Countermeasures
Leadership
- The strategic role and nature of effective leadership
- Charisma and how to earn it and use it effectively
- The role of the modern leader and how leadership has changed
- Innovative Leadership skills
- Maximizing the performance of each team member
- Motivating the 'Average' employee
Strategic Leadership Workshop
- Intrapersonal style and skills
- Interpersonal and leadership communication skills
- Leadership and The Challenge of Change
- Strategic leadership for team development
- Developing a personal action plan for further self-development
Introduction: Building a Common Financial Language
- The key role of budgeting and cost control in contemporary organizations
- The 21st-century business imperative: delivering value-added (but to whom?)
- Financial vs. Managerial accounting (for decision making)
- Understand your processes: integrating financial and non-financial aspects
- The budgeting processes
- Examples & Discussion
The Budgeting Process
- The key features of budgeting
- Advantages and concerns with budgeting
- Accountability and centers of responsibility
- Zero-based budgeting
- Budgeting and cost control
- Examples & Discussion
Cost Analysis
- Different costs for different purposes
- Fixed vs. Variable costs
- The Cost-Volume-Profit analysis model
- Contribution Margin analysis
- Examples & Discussion
Traditional vs. Advanced Techniques in Cost-Control
- Under-costing and over-costing: the consequences for profitability
- Indirect (OH) vs. Direct costs
- Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
- Linking resources, activities, and management
- Variance analysis
- Video, Case Study, and Examples
Beyond the Budgets: Balanced scorecards and Six-sigma
- Broadening performance measurement systems
- Beyond budgeting: Integrating financial and non-financial issues
- Introducing the Balanced Scorecard