Using Financial Opportunities, Detecting Risks
You will learn an easy-to-understand and proven method to help you recognize when a decision will affect company finances in a negative way and to avoid making that decision.
4 + 1 days.
Much of what is decided in a company has a major effect on the company's financial position and its financial results. Many of these effects are not apparent at first glance. A portfolio expansion makes sense if the customer wants it. Really? Did you consider that an expansion of the portfolio almost always drives costs up? Capacity expansion is logical when capacity limits have been reached. Really? Did you consider that new capital investment raises capital intensity, and profitability can suffer when only the smallest of problems occurs, like a downturn in the economy or industry over-capacity? The danger with financial mistakes is that once they become known they can hardly be repaired. This in turn means that with every strategic decision, you have to think-through all of the possible consequences that could lead to negative financial results. It doesn't matter whether it's a question of development, production, logistics, purchasing; or questions concerning marketing, sales or distribution or even human resources – the financial aspect has to go hand-in-hand like a red flag in decisions of this sort. Increasing unnecessary fixed costs is easier than struggling to lower them later accompanied by social problems. Purchasing externally from the very start, instead of manufacturing something yourself, helps you avoid having to create a program for making your costs more flexible at a later date. When creating processes it's a good idea to think early about costs, transparency and process costs. It will help you avoid having to come up with a process-cost reduction program at a later date. Using capital sparingly means you will not have to reduce capital intensity at a later date.
WHO SHOULD PARTICIPATE
- Executives from all areas of a company who want to be able to recognize the consequences their decisions – about technology, development, sourcing, IT, production, marketing, sales, distribution, logistics or human resources – can have on the financial position and financial results of the company
- Decision-makers from all areas of a company and from all positions, whose goal it is to recognize the consequences of his or her own decisions on financial objective-achievement. This seminar will help them avoid at an early stage decisions that can lead to poor financial results
TOPICS TO BE COVERED
Always have an Eye on Financial Goals and Results
- How executives in all areas and in all positions should include financial goals and results into their own decisions
How Company Finances Relate to Everything a Company does
- How corporate management and financial management are interrelated
- How strategic decisions affecting company and business strategies can dramatically change financial key-performance indicators (KPIs)
- How decisions about research, development and innovation are reflected in financial results
- What effects do decisions about marketing, sales and distribution, logistics, service and customer management have on financial results
Learning the right Method
- As a non-specialist in the field of financial management, you will learn an easy-to- understand and proven method to help you recognize when a decision will affect company finances in a negative way and to avoid making that decision.
When you promote men and women of your staff, it will help if you approve their participation in our junior program first. In a briefing, you tell us what exactly your employee needs to develop. We meet with the participant and give you feedback about this. We then give you a promotion proposal and the St. Gallen talent-promotion tool for implementing your own talent management. [more...]