Strategic and Financial Planning

Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Usually, a company creates a financial plan immediately after the vision and objectives have been set. The financial plan describes each of the activities, resources, equipment and materials that are needed to achieve these objectives, as well as the timeframes involved. The financial planning activity involves tasks such as: Assess the business environment, confirm the business vision and objectives, identify the types of resources needed to achieve these objectives, quantify the amount of resource (labor, equipment, materials). calculate the total cost of each type of resource, summarize the costs to create a budget, and identify any risks and issues with the budget set. Performing financial Planning is critical to the success of any organization. It provides the business plan with rigor, by confirming that the objectives set are achievable from a financial point of view. It also helps the CEO to set financial targets for the organization and reward the staff for meeting objectives within the budget set.

This course will be highly participatory, and the trainer will present, guide and facilitate learning, using a range of methods including discussions, case studies and exercises. Where appropriate, these will include real issues brought to the course by participants. The participant will experience first-hand in a complex environment the application and the value of concepts that underpin translating strategy formulation into implementation and into results. Participants are divided into teams each managing a company in an intensely competitive market environment. Lagging, current, and leading indicators will be identified and used to succeed. Key performance indicators (KPIs) for the critical success factors (CSFs) will focus attention on high priority action plans for taking back to your organisation.