Strategic Planning Professional

Scandinavian Academy for Training and Development

The Scandinavian Academy adopts modern methods of training and development and raising the efficiency of human resource development, and we follow in that:

Theoretical lectures through PowerPoint presentations and visual presentations (videos - and short films)
Scientific evaluation of the trainee (pre-evaluation and post-evaluation)
Brainstorming and application and representation of roles
Practical cases that suit the scientific material and the nature of the trainees' work
Tests at the end of the course
The participant gets the scientific and practical material for the training program printed on paper and saved on CD or flash memory
Attendance reports for participants and final results reports with a general evaluation of the program
The scientific material for the training program is prepared in a scientific and professional manner, and this is done by the best professors and trainers in various fields and all specialties
At the end of the program, the trainee is awarded a professional attendance certificate (signed and certified) issued by the Scandinavian Academy for Training and Development in the Kingdom of Sweden (with the possibility of attestation from the Swedish Ministry of Foreign Affairs and the trainee's embassy in the Kingdom of Sweden)
Training program times are from ten o'clock in the morning until two o'clock in the afternoon, and the program includes a snack buffet during the lectures

The course

As the business environment becomes ever more uncertain and turbulent, the requirement for professional leadership and effective management control throughout organisations is at a premium. Strategic Planning, Management Control & Effective Budgeting is for those who are dedicated to maximising the performance of their organisations, as well as their own individual value-added contribution (and that of the people who work for them). The elements of the course provide a structured, coherent and comprehensive framework for addressing the challenges which face professionals in respect of both their day-to-day and longer-term responsibilities.

This course will be particularly relevant to those professionals who are involved in setting the direction of the organisation (or that of their function within it), and are also accountable for the delivery of cost-effective processes, activities and operations. 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.

The Structure

Module 1 - Strategy, Risks, Negotiation & Leadership

Module 2 - Effective Budgeting & Operational Cost Control

The Goals

Develop an appreciation and understanding of strategic planning and management control processes.
Understand how the elements within them interact to create a systemic approach to the effective and efficient management of organisations, from strategy formulation through to efficient execution.
Learn how to recognise, manage and mitigate risk.
Gain awareness of the kind of leadership which really makes a difference in unleashing the potential of everyone in the team.
Understand the key factors which lead to sustainable business success.
Think in terms of terms of process-value added to customers/shareholders.
Integrate the organization's strategic planning with budgets and processes of cost control.
Understand the importance of project management, appraisal, planning.
Explore traditional versus innovative budgetary techniques.
Explore capital and activity-based budgeting techniques.
Identify key strategic and financial indicators for the business, and how and when to monitor them.
Discuss the problems and limitations of budgetary control and look for alternative tools.
Understand the importance of balancing financial and non-financial measure in managing projects.
Link budgetary processes with quality issues and business process improvement.
Identify priorities for continued professional development.

The Process

The course is a mixture of speaker input, facilitated discussion, syndicate work and practical exercises, with an emphasis on delegate involvement at all times. We use company examples to illustrate how the techniques presented have been applied in real case studies.

The Benefits

Each person will learn how to:

Learn a coherent framework to apply to any organisational activity, process or change
Understand the factors involved in using a plan to achieve measurable results
Learn techniques to plan, prioritise and implement effectively
Anticipate and prepare for contingencies and changing circumstances
Increase levels of confidence in dealing with superiors, peers and subordinates
Gain project management abilities
Integrate planning, budgeting and cost control by relying on a financial-based language
Manage different types of cost and their relevance to decision making
Understand the problems of overheads and how Activity Based Analysis may aid decision-making and pricing strategies
Select the performance measurement system that works
From cost to strategy to performance measurement
Looking beyond budgeting: balanced scorecard, six-sigma and Business Excellence

The Results

Develop a comprehensive understanding of what contributes to, and creates, business success
Understand and manage the complexities of organisational realities
Develop approaches to increase organisational effectiveness and efficiency
Create higher levels of understanding, collaboration and performance within and between teams
Increase the ability to respond flexibly to changing circumstances
Reduce uncertainty and maximise the clarity and commitment of staff at all levels
Facilitate the elimination of non-value activities and the reduction of costs within key projects
Contribute to the achievement of breakthrough improvements in competitiveness
Successfully build an integrated planning, budgeting and reporting process
Understand projects' costs behavior and patterns
Ensure that processes of business planning, budgeting, and management reporting are robust in themselves and suitable for your organization
Describe specific cost analysis and performance measurement techniques
Explore Balanced Scorecards and six-sigma, and the Business Excellence Model
Facilitate the continuous and radical redesign of business processes
Support a process-centred organizational culture that focuses on customer value

The Core Competencies

Participants will develop the following competencies:

Understand how to develop, implement and manage business strategy
Appreciate, identify, manage and mitigate risk
Understand the process of effective and successful negotiation
Understand how effective people leadership leads to tangible business success
Master techniques for costing & budgetary analysis
Be able to identify the right processes to redesign in terms of added-value
Confidently contribute to business process improvement
Permits testing of financial impact of strategic direction

The Conference Content

Module 1:
Strategy, Risks, Negotiation & Leadership

Strategy

Introduction to strategy - background, historical developments, major theories
Thinking strategically
A consistent approach to strategy development
The relationships between vision, mission and strategy
The steps involved in developing a strategy
Implementing a strategy

Risks

The meaning and nature of risk
Identifying the risks in a given strategy
Prioritising risks
Contingency planning
Risk mitigation strategies

Negotiation

The essential role of negotiation
Focusing on mutual interests
How to separate the people from the problem
Remaining objective and dispassionate
Negotiating with more powerful people
Negotiating tactics

Leadership

The strategic nature of leadershiP
The differences between leadership and management
Turning leadership theory into practical leadership
Maximising the performance of each team member
Motivating the 'average' employee
Developing a personal action plan for further self-development

Strategic Leadership Workshop

This module comprises a series of interactive workshop activities to develop:

Intrapersonal skills
Interpersonal skills
Strategic leadership for team development
Innovative Leadership skills

Module 2:
Effective Budgeting & Operational Cost Control

Introduction: Building a Common Financial Language

The key role of budgeting and cost control in contemporary organizations
The 21st century business imperative: delivering value added (but to whom?)
Towards a cross-functional process-view of the organization
Financial vs. Managerial accounting (for decision making)
Understand you processes: integrating financial and non-financial aspects
Identify the key processes/projects for your own organization
Video, Examples & Discussion

Budgeting and Cost Analysis

Cost concepts and terminology
Different costs for different purposes
Fixed vs. Variable costs: the Cost-Volume-Profit analysis model
Contribution Margin analysis
Manufacturing vs. non-manufacturing costs
Period vs. Product costs: inventory evaluation and control
Case study

Traditional vs. advanced techniques in cost-control

Under-costing and over-costing: the consequences for profitability
How to refine a costing system?
Indirect (OH) vs. Direct costs: Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
Cost hierarchy & Cost drivers
Linking resources, activities and management
Introducing Activity-based budgeting (ABM) and management (ABM)
Video, Case Study and Examples

Master Budget, Flexible budgets and Variance Analysis

Define the master budget and explain its major benefits to an organization
Describe the difference between a static budget and a flexible budget
Compute flexible-budget variances and sales-volume variances
Discuss the behavioral implication of budgeting
The budgeting process in your organization: how to improve it?
Which tools shall we use to complement budgeting and costing?
Problems, Case Study and Exercises

Beyond the Budgets: Balanced scorecards and Six-sigma

Broadening performance measurement systems
The key role of customer satisfaction and business process reengineering
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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