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Reshaping Strategy - Business and Accounting Strategies in Uncertain Times 1 (Virtual Classroom)

Course Details

Code:0071v
Select a start date for more details
Virtual Classroom
16 Nov - 20 Nov 2020
Level
Intermediate
CPD
20 Hours
Time
13:00-17:00
Location
Virtual Classroom
Cost
£2,300.00
Subject to Online Tax From Web (Read more)
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Introduction

This virtual workshop is part of our series on Business and Accounting Strategies in Uncertain Times. The series is made up of two Masterclasses, 1: Reshaping Strategy and 2: Implementing Strategy. Each Masterclass is made up of component modules. You can book a full 5 session class or chose individual modules.

This virtual training is being delivered live and online over 5 individual sessions, each of 4 hours’ duration from 13:00 – 17:00 London (UK).

Are you navigating the new normal? Revising strategy and business plans? Do you keep the business on track to deliver? This workshop takes you through a practical approach to building strategy; and a performance management system to keep your business team on track in the post pandemic world.

The challenge for the modern CFO is to be a visionary. To do this you need to be armed with the right tools and techniques. We know that besides setting plans and budgets that provide sufficient agility for the modern world is a big challenge, as is combining financial and operational data to report effectively. This 5-session workshop takes you through a practical approach to building strategy; developing metrics; and a performance management system to keep your business team on track to deliver.

This course comprises interactive workshops designed to give you practical business planning and reporting approaches you and your team can implement directly in your own organisation. The workshops allow you the opportunity to try out techniques in a safe environment so that you can adapt and use them for the specific circumstances in your own organisation. The sessions break down into three distinct areas:

Your role as strategic business partner:

  • How to be a vital member of the C-Suite

Rapid development of a business strategy and business plan:

  • Identifies the most important issues that the business needs to address
  • Highlights the opportunities available
  • Gives a clear set of priorities
  • Puts a plan in place for change

Rapid development of a scorecard or dashboard to report against the business plan:

  • Practical end to end methodology to go from strategic objectives to a working scorecard
  • Portfolio of balanced indicators (Leading & lagging; financial & non financial)
  • Part of a management system focussed on taking action
  • Identifies key measurement points, things that make the biggest impact on the business result, and that the team can exert greatest influence on
  • How to turn the measurement points into working practical metrics with targets and owners

At the end of this seminar participants you will:

Have practical methods you can take back to your business

  • Be equipped to run workshops with your business to develop business plans and to design strategic reporting
  • Have Learned to use a portfolio of tools and techniques including:
    • SWOT & PESTLE Analysis
    • Strategic prioritisation
    • Cause and Effect modelling
    • Performance measure design
    • Running a performance management system

Learning Objectives

  • To understand your existing skills and future development needs to be an effective strategic business partner
  • To understand how to work with your business team to develop and deliver business strategy and plans
  • To understand your role in setting strategy, and how strategy underpins just about everything you do
  • To understand the practical tools and techniques that are available to help you, and to get practical hands on experience of using them in a safe environment

Who Should Attend

  • An established CFO - who finds themselves working closely with the CEO to adapt the business model for the new normal
  • The first time CFO - who needs to grow into the strategic business partner role
  • The future CFO - already no 2 in finance but running the back office and needs to change focus to be ready for the top job

Topics

  • Day 1 – Strategic business partner
    • The 4 roles of the CFO
    • Covid-19 and the impact on Finance
    • How will the CFO evolve in the next 5 – 10 years
    • Being VITAL not Functional
    • Assessing your own skills
  • Day 2 – Rapid strategy development
    • Start with Why?
    • What’s happening in your market? Porters 5 forces
    • What’s the impact on your business? SWOT & PESTLE Analysis
    • Practical application. How to build a rapid strategy with your c-suite team.
    • Pivoting to a different business model 8 drivers of business value 
  • Day 3 – Strategy to action
    • Working out the implications of a new strategy Business model canvas
    • Reviewing the project portfolio What needs to stop? What needs to be added?
    • Putting it into action 100 day plan
    • The CFO as the leader of business change Communicating the business plan 
  • Day 4 – What gets measured gets done
    • Introduction to the scorecard
    • Principles of effective measurement
    • Understanding cause and effect
    • Developing the performance management framework
  • Day 5 – Building the scorecard
    • Identifying the business drivers that are most important to delivering the strategy
    • Turning business drivers into practical measures
    • Setting targets
    • Visualising performance

Teaching Method

  • Group live instruction and illustrative examples
  • Practical workshop exercises using the tools and techniques we teach to build targets and reduce cost in a fictitious business that faces many of the issues you will encounter in the real world.
  • All participants receive comprehensive electronic course notes, including presentation slides, handouts and other course materials
  • This virtual training is being delivered live and online over 5 individual sessions, each of 4 hours’ duration. They will run each day from 13:00 – 17:00 London (UK)

Instructors

The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.

Venue

Our seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.

CPE/CPD Accreditation

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

 

Field of study: Accounting

Prerequisites

A solid grounding in financial management will be useful on this course.