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21st Century Business Strategy & Reporting (2 days)

Course Details

Code:0073
Select a start date for more details
15 Oct - 16 Oct 2019
London
Level
Intermediate
CPD
16 Hours
Time
09:00-18:00
Location
London
Cost
£1,850.00
Subject to UK VAT (Read more)
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Introduction

This two-day 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:

  • 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

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

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 business finance manager. 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
    • PESTLEAnalysis
    • Other strategy tools
    • 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

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.

Prerequisites

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