The Evolving Role of the Managing Director
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The Evolving Role of the Managing Director Course
Introduction:
The managing director/chief executive is responsible for the performance of the company, as dictated by the board’s overall strategy.
It is the responsibility of the Managing Director (MD) to design, develop and implement the strategic plan of their company as well as lead its day-to-day running in the most cost effective and time-efficient manner.
The Role of the Managing Director course is designed to equip you with the tools and knowledge to carry out this crucial and complicated position. Through attendance, you will be taught how to engage with the wider corporate aims of the organization, ensuring that the linked marketing strategies are aligned to that of the broader piece.
The course will cover the key skill set of the Managing Director, from visionary leadership and the ability to motivate a workforce, to planning and forecasting, and developing strong financial acumen; allowing you to become a more effective Director.
Course Objectives:
By the end of The Role of the Managing Director course, you will be able to :
- Development and implementation of the company’s strategy.
- Leading and motivating a successful organization.
- Effectively managing change at any given time.
- Understanding the Managing Director’s position alongside and compared to the aims and objectives of the Board.
- Successfully implementing company policy
- Building and maintaining an effective management team
- Assuming full accountability for the Board for all company operations
- Maintaining a dialogue between Shareholders and the Board
- Staying in control of the company’s finances.
- Understand good corporate governance
- Separating the roles of the Chair and the Managing Director.
- Understanding the challenges of managing the strategic and operational responsibilities
Who Should Attend?
This The Role of the Managing Director course is ideal for:
- The newly appointed Managing Directors, those aspiring to the role, or those looking to improve their performance with fresh insight from leading professionals.
- The executives, managers, and senior stakeholders from across the public, private and not for profit sectors.
- It is also appropriate for those who are currently operating at a different function across their organization, and are contemplating a Managing Director role in the future.
Course Outlines:
Exploring the roles and responsibilities of the Managing Director
- The MD’s role in setting the direction of the business
- Performance management and organizational development
- Statutory obligations and governance
- Financial control
- Quality and process improvement
- Public relations and marketing
- Defining the organization’s mission and objectives
- Creating a strategy / corporate plan
- Engaging the management team in the development of operational and functional plans
- Bringing the strategy / corporate plan to life
Developing Effective Systems
- Defining and measuring KPIs
- organizational design and building high-performing teams
- Creating a performance management framework
- Quality systems and process improvement
Building financial control
- Developing a deliverable budget and scenario planning/stress testing
- Setting and managing financial targets
- Variance analysis and reforecasting
- Establishing financial policies & procedures and building financial awareness within the organization
Managing in an Evolving Environment
- Understanding the external environment
- Competitive advantage through horizon scanning
- Leadership thinking and its role within the organization and in public relations
Crisis Management in Action
- Risk management and the balance between preventative and remedial control
- Business continuity and disaster recovery planning
- Responding to a crisis
- Dealing with the media
The World of Leading in a Digital Age
- The Fourth Industrial Revolution and its impact upon business
- The changing profile of a successful leader
- Approaches to innovation and considering new technologies
- Managing relationships with the Board and with your teams in an uncertain world