Strategy and Implementation, Foundations for
Success
Does your business have an effective strategy? If you do - how well has it
been implemented? This seminar will focus on developing an effective strategy
and more importantly on effectively implementing the strategy so that everyone
in the organization, from top to bottom, is aligned and working towards its
overall success. Organizations that succeed are not accidents, they are not
lucky. Every successful organization plans well and executes their strategic
plan well. Come and learn how.
Topics Discussed
- Effective strategies to compete in today’s world
- Cost leadership
- Differentiation
- Finding niches
- Defining the market properly
- Effective market segmentation
- Market positioning and targeting
- Aligning the organization
- Managing risk
Objectives: To go
beyond the abstract discussion of strategy, focusing on identifying attackable market segments and aligning
the organization for success.
Best Practices EVA/RCE: Metrics to Gauge Real Performance
How much profit is enough? Answering this question requires an understanding
of the true risk involved and what the market requires of investments of similar
risk. Learn why GAAP accounting measures can lead you astray when trying to
evaluate the true economic performance of an enterprise. The measurement of
economic costs and revenues requires the inclusion of opportunity costs that
GAAP does not measure. The seminar looks at how this required return is
established and provides hands-on guidance on two state of the art techniques
for measuring true economic profit. If you are in leadership, or want to be,
this seminar will provide practical, new insights.
Topics Discussed
- Why EPS, ROS, ROA, and ROCE fail
- Why can thinking like an economist be helpful?
- What is the cost of capital?
- Going beyond the weighted average cost of capital (WACC) to its fundamental principles.
- The importance of asset utilization
- Economic value added as a performance measure
- Latest developments in EVA; EVA margin, EVA Momentum
and Residual Cash Earnings
Objectives: To understand
the weaknesses of GAAP as a financial performance measure and to propose
alternative approaches.
Innovation for Continued Success: Sustaining the
Organization
Disruptive innovation has ended many businesses and led others to take their
place. Learn why previously successful companies failed to innovate. We will
discuss the four types of innovation that can lead to success. We will learn why
and how our expectations can help or hinder innovation. We will discuss
strategies to encourage innovation and how an enterprise can structure its
activities to foster innovation. Successful organizations thrive, while
organizations that do not innovate are on the path leading elsewhere.
Topics Discussed
- Consequences of failing to innovate
- What do innovative companies have in common?
- Four types of Innovation
- Clayton Christensen’s view of innovation
- How does accounting impact innovation?
- Strategies for successful innovation
- Structuring an organization to create and benefit
from innovation
Objectives: To understand why innovation is vital to
long term success and to understand our key role in creating an innovative
organization.
Accounting for Lean & Agile: Staying in Step with Lean
Operations
The plodding accounting conventions of yesterday can inhibit the quickly
adapting operations of today. As business processes become faster, scheduling,
inventory management, and data collection must change to reflect your
organization’s new reality. This session will help you adapt your accounting
methods as the world is changing around you.
Topics Discussed
- What are ‘agile’ and ‘lean’?
- How ‘lean’ is different from traditional practices
- Are we doing too much or doing too little?
- Quantifying the benefits of lean
- Practical application of lean concepts in an accounting department
- Learn how to see accounting output from the users’ perspective
- Gain insights into making your department more efficient
- What are the key concepts of lean?
- How do they apply to accounting?
- Creating a culture of continuous improvement
Objectives: Determine the needs of those who use financial reports and focus
on better metrics that our users can understand and use to make informed
business decisions.