IntroductionIt is
essential to fully understand how finance influences strategic decision-making
because it provides the foundation for an organization’s economic survival,
development, growth and future prosperity.
Are you
familiar with the core principles of finance and their links with strategic
decisions, and financial planning?
Are you
able to use the financial tools, techniques and know-how that influence
strategic decision-making and apply them practically in real-life business
situations?
This
exciting and user-friendly seminar deals with, for example, how to avoid
unachievable strategic plans and budgets, non-value-adding project investments,
high costs of capital, high exposures to financial risk. It illustrates and
reinforces the use of the essential financial tools and techniques and will
enable non-financial and financial professionals at every level to make
better-informed decisions to improve financial performance, and increase corporate
value and shareholder value.
COURSE
OBJECTIVES
:
- Linking business and financial strategic
decision-making processes with financial planning and budgeting
- Clarification of the financial statements
and their links with financial planning, budgeting and decision-making
- Alternative costing systems, budgeting
and measurement systems that support financial decision-making
- Capital investment decisions using DCF,
and financing decisions, capital structure, and WACC
- Linking KPIs to strategy using a balanced
scorecard, and management of interest rate and foreign currency exchange
rate risk
By the end of this seminar, you will have significantly upskilled to be
able to:
- Think
strategically and use the strategic management process and its links to
KPI systems as a basis for improved decision-making to maximise
shareholder wealth
- Analyse
and interpret the income statement, balance sheet, and statement of cash
flows, and use appropriate costing and measurement systems for more
effective planning and budgeting, management of working capital and cash
flow, and improved financial performance
- Identify
the alternative sources of long-term finance, and evaluate the models of
optimum capital structure and minimisation of WACC
- Apply
the technique of DCF for evaluation of capital project investments, and
capital budgeting
- Use
the techniques of uncertainty and risk analysis and develop appropriate
risk management tools, and insurance and hedging of interest rates and
foreign currency exchange rates
Organisational
ImpactYou
will go back to your workplace with an up-to-date and relevant skillset that
will benefit your organisation through:
- Recognising
the important ways in which finance influences strategic decision-making
- Developing
the ability to think strategically – long-term and wide-ranging – and
understanding the factors that impact on strategic decision-making
- Understanding
how the key financial statements and alternative costing systems are used
as the basis for developing financial plans and budgets
- Evaluating
the financial consequences of alternative strategic decisions relating to
for example investment and capital structure, with the aim of maximisation
of shareholder wealth
- Mitigating
and minimising financial risk through risk analysis and the effective use
of the appropriate techniques of risk management
- Communicating
more effectively with financial professionals and sharing throughout the
organisation the knowledge gained from the seminar
Personal
ImpactThis
seminar will greatly improve your understanding of how strategies are developed
and the influence of financial factors on strategic decision-making and the
impact of the consequences of those decisions through:
- An
appreciation of the various analytical models used in the formulation of
strategy, and the links between strategic objectives and financial and
non-financial KPIs using a balanced scorecard
- A
clear understanding of exactly how the financial statements and
alternative costing systems are used to support effective decision-making,
financial planning and budgeting
- Evaluating
how two of the most important features of corporate finance, capital
structure (the proportions of debt and equity financing) and WACC,
critically impact on organisational performance and the maximisation of
shareholder wealth
- Being
able to apply the DCF techniques of NPV, IRR, MIRR, and EAC to evaluate
new capital project investments, and the techniques of capital budgeting,
capital rationing and the PI to determine how financial resources may be
optimally allocated between alternative investment projects
- Considering
how risk may be most effectively managed using the appropriate risk
management tools, and insurance and hedging of interest rates and foreign
currency exchange rates
- Improving
your self-confidence to be better placed to deal with financial and other
professionals on financial and strategic issues
An understanding of how finance influences successful strategic
decision-making is crucial for every role and at every management level in any
organisation. This seminar is essential for a wide range of professionals from
companies, corporations and governmental organisations, and in addition to
interns, financial analysts, financial controllers, accountants and others
active in the planning process this seminar will greatly benefit business
professionals working in:
- General
management, sales and marketing
- Estimating,
costing, and project management
- Operations,
and engineering
- Procurement,
and logistics
- Asset
management
- Human
resources
- And
any other financial and non-financial professionals that need or wish to
understand the financial aspects of the strategic decision-making process.