Presents financial tools and concepts:
- Basic financial statements and their management uses: Income
Statement and Balance Sheet)
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- Why market conditions dominate business decisions
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- The difference between cash and profit, and the need
to manage separately for each
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- Budgets and variances, cash flow forecasts – their
value and limitations
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- The impact of inventory build-up and the need to control
working capital
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- Graphical break-even analysis with allocations of overheads
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- Income Statement analysis
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- Market forecasting and other research
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- Product life cycle and international product life cycle
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- Foreign exchange fluctuation and hedging
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- The Income/Outcome Triangle for Ratio Analysis (e.g.
ROA, ROI)
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- NPV (net present value) and DCF (discounted cash flow)
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- The specific financial metrics used by your company
to gauge performance, and why they use them
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Provides experiential learning across the
business:
- The need to function well as a team
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- Team decision-making in each of the major roles
in an operating company: production, R&D,
sales, marketing, management, and finance
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- Rapidly evolving industry
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- Diversity of customer buying patterns
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- Growth decline and cyclical nature of market
demand
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- Developing a strategic plan, reviewing and
revising that plan in response to changes in
the market place or in the industry
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- Setting up a long-term position in the marketplace,
including expanding into new products, new regional
markets, and niche markets
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- Preparing and maintaining financial statements
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- Preparing budgets and cash flow forecasts,
including break-even graphs with allocations
of overheads
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- Using ratios and Income Statement
analysis for benchmarking against historical performance
and against competitors
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Transfers back to the real-world job:
- Re-evaluate market, operational, and competitive positions
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- Create plans that consider profit, cash flow, and strategic position
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- Visualize the financial issues that drive the corporation and
improve these key business drivers.
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- Perform long-term planning
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- Allow for the interdepartmental effects of initiatives
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- Search out the unknown aspects of new markets
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- Assess the relative merits of competing proposals
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- Understand the pluses and minuses of short-term measures
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- Speak ‘finance’, the common language of
business
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Benefits of Managing a Global Business for your managers and executives
- Provides a solid financial grounding, independent of the career
path that has been followed to this point
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- Raises individuals out of the product or market environment,
and provides a global perspective on the challenge of business today
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Course Overview | Course
Outline
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