Course description
Strategic financial planning is the process of determining how a business manages itself financially to ensure it achieves its goals and objectives for both the short-term and long-term. Sound financial planning considers every aspect of a business's operations and the interwoven impact each has on the overall financial position of the company.
In today's competitive global marketplace, organizations are increasingly under threat. Coupled with the recent credit crunch and recession in some markets, organizations are having to look at other ways of protecting their business and margins.
Strategic Financial Planning and Implementation ensures accountability while aligning the entire business with actionable and achievable goals and objectives. This programme will help you to look “outside the box” and be creative and entrepreneurial in your organization.
Strategic Financial Planning and Implementation Training course is designed to go beyond the theoretical. It is mandatory in today’s dynamic world to be able to link strategy with financial performance
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Strategic Financial Planning and Implementation Training course, is ideal for
- Executive level professionals with strategic and / or financial responsibility
- Senior level professionals who need to understand strategic implementation and its financial impact
- Middle level professionals in all Locations of the business impacting and affected by strategic decisions
- All staff who are accountable for financial performance
Outcome / Qualification etc.
At the end of the Strategic Financial Planning and Implementation Training course, you will be able to:
- Understanding the concept of strategy making and its benefits
- To better understand the role of leadership in strategy making
- To understand the link between involvement and accountability
- To provide insights into developing implementation plans
- Know how to develop an actionable financial plan with controllable milestones
- Learn skills to understand and avoid the pitfalls of strategic planning
Training Course Content
Day 1
What is Strategic and Financial Planning?
- The role of strategy in business and why it matters
- The ingredients of a good strategy
- Customer analysis and market segmentation
- Effective strategy making processes with proper financial planning
- Tools for understanding industry developments
- The core strategic financial choices for a business
- Who is responsible for strategy making and who should be held accountable?
Day 2
Integrating Strategic and Financial Planning with Operational Management
- Contrasting management with strategic leadership
- The competencies of strategic leadership
- The top manager as strategist
- The CFO as strategist
- Using Scenario analysis and environmental scanning
- SWOT and other acronyms
- Corporate Culture and its effect on strategy and financial planning
- The operational manager’s role in strategy
Day 3
Using Evidence for Strategic and Financial Planning
- Analyzing the market place and the customers
- Understanding the competition
- Financial analysis: past, present, and future
- Knowing the core strengths and weaknesses of your business
- Identifying your core competitive advantage
- Developing Vision statements that make a difference
- Developing mission statements that make a difference
- Examining alternative strategies
- Creating the strategic plan
Day 4
Implementing Strategic and Financial Plans
- Using financial planning to prepare the ground for change in the business
- Communicating the strategy and having control points
- Overcoming internal political resistance
- Reviewing and measuring progress with proper variance analysis
- Turnaround and corrective measures
- Managing implementation as a continuous process
Day 5
Becoming a Leader of Strategic Financial Planning
- Building strategy making and implementation into the role of managers
- Developing strategic leadership capability
- Creating organizational commitment to the business strategy
- Leading strategy making teams effectively
- Incentive plans
- Balanced Scorecard and other performance management systems
- Realistic action planning
- Case study
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...