Course description
As the business environment becomes ever more uncertain and turbulent, the requirement for professional leadership and effective management control throughout organizations is at a premium.
Strategic Planning, Management Control & Effective Budgeting is for those who are dedicated to maximizing the performance of their organizations and their value-added contribution (and that of the people who work for them).
The course elements provide a structured, coherent, and comprehensive framework for addressing the challenges professionals face regarding their day-to-day and longer-term responsibilities.
This course will provide professionals with a comprehensive range of skills essential to effectively leading both people and projects/processes in times of increasing global competition and where budgets are inextricably linked with strategy formulation, people leadership, and cost analysis.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
This training course is suitable for a wide range of professionals, but will greatly benefit:
- Current and potential Managers and Business Leaders at all levels
- Those responsible for developing and leading strategic changes
- Procurement and Client Service Managers responsible for negotiation strategies
- Functional Team Leaders in the public or private sector
- Staff Members responsible for budgeting and financial controls
- Non-finance Managers with financial responsibilities
Outcome / Qualification etc.
At the end of this Strategic Planning, Management Control & Effective Budgeting course, the participants will be able to:
- Develop an appreciation & understanding of each of the elements of the course.
- Understand how skills interact, creating a systemic approach to mastering the essential tasks of any leader.
- Develop the skills and applications needed to master and integrate each element
- Utilize the elements in achieving individual, team and high organizational results
- Identify priorities for continued professional development.
Training Course Content
Day 1
Module 1: Strategy, Risks, Negotiation & Leadership
Strategy
- Introduction to strategy - background, historical developments, major theories
- Strategic Management – a practical approach for every leader
- A consistent methodology for strategy development
- The relationships between vision, mission and strategy
- The steps involved in developing a strategy
Day 2
Risks
- The meaning and nature of risk
- Identifying the risks in a given strategy
- Prioritizing risks
- Contingency planning
- Risk mitigation strategies
Day 3
Negotiation
- The everyday role and attitude of ‘Win-Win’ negotiating
- Power - gaining a superior position
- Strategy and Tactics in negotiating
- Understanding your opponent's negotiating style and tactics
- Negotiating Countermeasures
Day 4
Leadership
- The strategic role and nature of effective leadership
- Charisma and how to earn it and use it effectively
- The role of the modern leader and how leadership has changed
- Innovative Leadership skills
- Maximizing the performance of each team member
- Motivating the 'average' employee
Day 5
Strategic Leadership Workshop
- Intrapersonal style and skills
- Interpersonal and leadership communication skills
- Leadership and The Challenge of Change
- Strategic leadership for team development
- Developing a personal action plan for further self-development
Day 6
Module 2: Effective Budgeting & Operational Cost Control
Introduction: Building a Common Financial Language
- The critical role of budgeting and cost control in contemporary organizations
- The 21st-century business imperative: delivering value added (but to whom?)
- Financial vs Managerial accounting (for decision-making)
- Understand your processes: integrating financial and non-financial aspects
- The budgeting process
- Examples & Discussion
Day 7
The Budgeting Process
- The key features of budgeting
- Advantages and concerns with budgeting
- Accountability and centres of responsibility
- Zero-based budgeting
- Budgeting and cost control
- Examples & Discussion
Day 8
Cost Analysis
- Different costs for different purposes
- Fixed vs. Variable costs
- The Cost-Volume-Profit analysis model
- Contribution Margin Analysis
- Examples & Discussion
Day 9
Traditional vs. Advanced Techniques in Cost-Control
- Under-costing and over-costing: the consequences for profitability
- Indirect (OH) vs Direct costs:
- Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
- Linking resources, activities and management
- Variance analysis
- Video, Case Study and Examples
Day 10
Beyond the Budgets: Balanced scorecards and Six-sigma
- Broadening performance measurement systems
- Beyond budgeting: integrating financial and non-financial issues
- Introducing the Balanced Scorecard
- Introducing the Strategy maps
- Introducing Six-sigma
- Video, Case Study and examples
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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,...