STRATEGIC FINANCIAL PLANNING AND IMPLEMENTATION

Introduction:

Organizations are constantly under pressure in today’s dynamic global marketplace. In conjunction with the recent credit crisis and recession in some countries, companies need to look for other ways to protect their profits and margins.

Strategic Financial Planning and Implementation promotes transparency by aligning the company as a whole with realistic targets and objectives. This training will help you think strategically and make the company innovative and entrepreneurial.

This training seeks to go deeper than theoretical, being able to connect strategy with financial results is imperative in today’s dynamic environment.

Course Objectives:

At the end of this training, participants will be able to:

• Explain the strategic decision-making principles and their advantages
• Demonstrate the importance leadership plays in creating a strategy
• Recognize the connection between commitment and accountability
• Provide guidance into the process of executing plans
• Design and build a controllable target financial plan
• Recognize skills to understand strategic planning pitfalls and avoid them

Course Outline:

Day 1: Introduction to Strategic and Corporate Planning

• Strategy’s role in business, and its importance
• Elements of a successful strategy
• Analysis of consumers and segmentation of customer’s demand
• Techniques for interpreting trends within the industry
• The main financial strategic options for an organization
• Who is liable and accountable for making strategies?

Day 2: Integrating Operational Planning with Strategic and Financial Planning

• Comparison between management and strategic leadership
• Strategic Leadership Competencies
• Use scenario analysis and scanning of the environment
• Organizational culture and its impact on financial planning and strategy
• The position of operational manager in strategy making

Day 3: Using Facts for Strategic and Financial Planning

• Assessing the customers and market place
• Recognizing the competition in the market place
• Analysis of financial matters: past, current and future
• Identifying the basic strengths and weakness of the organization
• Assessing the competitive advantage of the organization
• Developing distinct vision statements
• Developing distinct mission statements
• Developing a strategic plan

Day 4: Developing and Creating Financial Plans

• The use of financial planning to pave the way for market transition
• Communicate the financial plan and have check points
• Evaluate and measure improvement with a thorough study of the variance
• Continuous method of handling implementation

Day 5: A Strategic Financial Planning Leader

• Integrating strategy making and implementation into the responsibilities of managers
• Developing the capacity to lead strategically
• Balanced scorecard and other systems of performance management
• Practical implementation

Who Should Attend?

• Managers with financial and strategic responsibilities
• Senior Managers
• Middle-level Managers
• Employees who have the responsibility of monitoring the financial performance of the organization

Delivery Method: Lectures, discussions, syndicate work, case studies, role – play and group exercises. Audio – Visual aids will be used to reinforce these training and learning methods.

Venue: Dubai

Fee: $5,000.00

Duration: 1 Week

Course Date: Jun 26^th – 30th 2023