Strategic Planning, Management Control and Effective Budgeting

Course Info

Length: 2 Weeks

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • Mar-11-2024

    Kuala Lumpur

  • Apr-08-2024

    Kuala Lumpur

  • May-13-2024

    Kuala Lumpur

  • June-10-2024

    Kuala Lumpur

  • July-08-2024

    Kuala Lumpur

  • Aug-12-2024

    Kuala Lumpur

  • Sep-09-2024

    Kuala Lumpur

  • Oct-14-2024

    Kuala Lumpur

  • Nov-11-2024

    Kuala Lumpur

  • Dec-09-2024

    Kuala Lumpur

Dates in Other Venues

  • Feb-26-2024

    Dubai

  • Feb-26-2024

    Barcelona

  • Mar-04-2024

    London

  • Mar-04-2024

    Amsterdam

  • Mar-11-2024

    Istanbul

  • Mar-18-2024

    Paris

  • Mar-18-2024

    Singapore

  • Mar-25-2024

    Dubai

  • Mar-25-2024

    Barcelona

  • Apr-01-2024

    Amsterdam

  • Apr-01-2024

    London

  • Apr-08-2024

    Istanbul

  • Apr-15-2024

    Paris

  • Apr-15-2024

    Singapore

  • Apr-22-2024

    London

  • Apr-22-2024

    Dubai

  • Apr-29-2024

    Amsterdam

  • Apr-29-2024

    Barcelona

  • May-06-2024

    London

  • May-06-2024

    Amsterdam

  • May-13-2024

    Istanbul

  • May-20-2024

    Paris

  • May-20-2024

    Singapore

  • May-27-2024

    Dubai

  • May-27-2024

    Barcelona

  • June-03-2024

    Amsterdam

  • June-03-2024

    London

  • June-10-2024

    Istanbul

  • June-17-2024

    Paris

  • June-17-2024

    Singapore

  • June-24-2024

    Dubai

  • June-24-2024

    Barcelona

  • July-01-2024

    London

  • July-01-2024

    Amsterdam

  • July-08-2024

    Istanbul

  • July-15-2024

    Singapore

  • July-15-2024

    Paris

  • July-22-2024

    London

  • July-22-2024

    Dubai

  • July-29-2024

    Barcelona

  • July-29-2024

    Amsterdam

  • Aug-05-2024

    Amsterdam

  • Aug-05-2024

    London

  • Aug-12-2024

    Istanbul

  • Aug-19-2024

    Paris

  • Aug-19-2024

    Singapore

  • Aug-26-2024

    Barcelona

  • Aug-26-2024

    Dubai

  • Sep-02-2024

    London

  • Sep-02-2024

    Amsterdam

  • Sep-09-2024

    Istanbul

  • Sep-16-2024

    Paris

  • Sep-16-2024

    Singapore

  • Sep-23-2024

    London

  • Sep-23-2024

    Dubai

  • Sep-30-2024

    Barcelona

  • Sep-30-2024

    Amsterdam

  • Oct-07-2024

    London

  • Oct-07-2024

    Amsterdam

  • Oct-14-2024

    Istanbul

  • Oct-21-2024

    Singapore

  • Oct-21-2024

    Paris

  • Oct-28-2024

    Dubai

  • Oct-28-2024

    Barcelona

  • Nov-04-2024

    London

  • Nov-04-2024

    Amsterdam

  • Nov-11-2024

    Istanbul

  • Nov-18-2024

    Paris

  • Nov-18-2024

    Singapore

  • Nov-25-2024

    Dubai

  • Nov-25-2024

    Barcelona

  • Dec-02-2024

    Amsterdam

  • Dec-02-2024

    London

  • Dec-09-2024

    Istanbul

  • Dec-16-2024

    Paris

  • Dec-16-2024

    Singapore

  • Dec-23-2024

    London

  • Dec-23-2024

    Dubai

  • Dec-30-2024

    Amsterdam

  • Dec-30-2024

    Barcelona

Course Details

Course Outline

10 days course

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

Risks

 

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

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

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

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

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

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

Cost Analysis

 

  • Different costs for different purposes
  • Fixed vs. Variable costs
  • The Cost-Volume-Profit analysis model
  • Contribution Margin Analysis
  • Examples & Discussion

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

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