Business Strategy & Reporting Workshop (2 days)

Introduction

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Do you support your business to set strategy and business plans? Do you keep the business on track to deliver those plans? The challenge for the 21st century finance leader 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 two-day 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 two full day interactive workshops designed to give you practical business planning and reporting approaches you 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.

One day 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

One day 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:

• Havepractical 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

Please note that this course is part of a larger, week-long course. See here for more details.

Please note that this course is one in a series of management accounting titles. See all related courses below:

• Skilling up to be a visionary finance leader (5 days)
• Finance Leadership (1 day)
• Zero Based Budgeting and Cost Management Workshop (2 days)
• Activity Based Costing Workshop (3 days)
• Profit Optimization Workshops (5 days)

Learning Objectives

• 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

The course is aimed at the financial decision maker. You are likely to:

• Have responsibility for developing plans and budgets and reporting business results to your management team
• Provide financial advice and decision support to the business team

Topics

• Day 1 – Building business plans for the 21st Century
  • SWOT Analysis
  • PESTLE Analysis
  • Other strategy tools
  • 17 Sustainable Development Goals
  • VMOST Model
  • Financial analysis to support strategy
  • Moving from strategy to business plan
  • Communicating the business plan
• Day 2 – Keeping the business on track to achieve the plan
  • Introduction to the scorecard
  • Principles of effective measurement
  • Cause and effect modelling
  • Developing a long list of business drivers
  • Identifying a short list of drivers that are most important to delivering the strategy
  • Turning business drivers into practical measures
  • Setting targets
  • Visualising performance
  • Developing the performance management framework

Teaching Method

• Group live instruction and illustrative examples
• Practical workshop exercises using the tools and techniques we teach to build a strategy and a scorecard for a fictitious business that faces many of the issues you will encounter in the real world.
• All participants will receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials

Instructors

Venue

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 grounding in financial management information will be useful on this course.