Overview:
To assume a leadership role in the strategic planning process, financial managers must be aware of key concepts and approaches. This seminar shows how to work with the entire strategic planning, budgeting and control process. You’ll learn to:
- Identify strategies that will provide your company a competitive advantage
- Develop an effective strategic plan
- Turn strategic ideas into operational plans and budgets
- Make your organization self-controlling via effective feedback processes
Objective:
To provide a comprehensive understanding of the function and interrelationships of strategic planning, budgeting and budgetary control. Using examples and case studies, you'll learn to plan, budget and position your organization within its competitive enviornment.
Emphasis:
- Identifying and using sources of competitive advantage
- Using budgeting and forecasts to position your company for success
- Creating an effective planning environment
- Developing a strategic plan
- Using the operating budget as an integral part of the planning process
- Utilizing lean accounting and service concepts
- Creating a budget and forecasting process to reach corporate goals
- Using operational and financial ratios in analysis and benchmarking
- Incorporating data analytics in the planning process
- Capital budgeting
- Using the budget to project cash flows
- Changing the role of the controller in today's competitive organizations
