Strategic Planning, Management Control & Effective Budgeting

This workshop will feature:

  • Identifying Effective and Proven Strategies
  • Managing Strategic and Financial Risks
  • Win-Win Negotiating Skills & Strategies
  • Financial Analysis
  • Budgeting and Cost Control

Description

Developing Strategies, Risk Analysis, Negotiating, Budgeting and Cost Control are the essential skills for those who are dedicated to maximising their performance and value-added contribution – and that of the people who work for them. As the business environment becomes ever more uncertain and turbulent, the requirement for professional leadership and management throughout organisations is at a premium.

This workshop will feature:

  • Identifying Effective and Proven Strategies
  • Managing Strategic and Financial Risks
  • Win-Win Negotiating Skills & Strategies
  • Financial Analysis
  • Budgeting and Cost Control

What are the Goals?

By the end of this workshop, participants will be able to:

  • 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
  • Utilise the elements in achieving individual, team and high organisational results
  • Identify priorities for continued professional development

Who is this Workshop for?

This training course is suitable to 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

How will this Workshop be Presented?

This workshop combines theory and practice. We use company examples to illustrate how the techniques presented have been applied in real case studies. The purpose is to use a mix of proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented.

The Course Content

DAY ONE – 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
  • The key role of budgeting and cost control in contemporary organizations
  • The 21st century business imperative: delivering value added
  • Financial vs. Managerial accounting (for decision making)
  • The budgeting process

DAY TWO – The Budgeting Process

  • The key features of budgeting
  • Advantages and concerns with budgeting
  • Zero-based budgeting
  • Budgeting and cost control
  • The Cost-Volume-Profit analysis model
  • Contribution Margin analysis
  • Under-costing and over-costing: the consequences for profitability
  • Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
  • Variance analysis
  • Beyond budgeting: integrating financial and non-financial issues












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