Course Code: FA99


Course Objective

  • Explain the benefits and importance of a Strategy Focused Organization (SFO)
  • Develop a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis, vision and mission statements and strategic goals for their organization or department
  • Use 'SMART' objectives and key performance indicators to track the performance and productivity at all levels in their organizations
  • Apply the approach of best-in-class benchmarking technique to set targets for each KPI
  • Design a balanced scorecard based on the Kaplan and Norton model
  • Read and interpret financial data
  • Analyse business performance
  • Utilise financing techniques to improve decision-making

Target Audience

  • All managers and supervisors involved in strategic planning and performance management.
  • The course is also very helpful to those involved in improving performance and measuring results.
  • Financial professionals wishing to brush up their knowledge and skills
  • Junior personnel seeking career progression

Course Outline

Benefits of strategic management and planning

  • The strategy focused organization
  • Why implement the balanced scorecard
  • Strategic planning needs and benefits
  • A strategic planning model
  • The importance of the balanced scorecard
  • Balanced scorecard steps and timeline

'SWOT' analysis, vision and mission statements

  • The purpose of a 'SWOT' analysis
  • 'SWOT' in brief
  • Linking the results of the 'SWOT' findings to future objectives and initiatives
  • Definition of a vision statement
  • Importance of a structured mission statement

Developing performance measures and control systems

  • Goals, objectives, and targets
  • 'SMART' objectives
  • Key performance indicators and Units of Measures (UOMs)
  • Aligning KPIs to company strategy
  • Obstacles to measurement
  • Developing strategies and initiatives that will assist in achieving the targets
  • Developing strategies

The balanced scorecard as a strategic management system

  • Strategic planning and strategy execution
  • Reasons behind failures of well-formulated strategies
  • Translating the vision into everyday actions
  • Importance and history of the balanced scorecard
  • The premise behind the balanced scorecard
  • Principles of the strategy focused organization
  • Measuring business strategy from the financial, customer, internal, business or process and learning and growth perspectives
  • Strategic alignment and goal setting
  • Linking the balanced scorecard's KPIs to strategy
  • Strategy map: specifying relationships and making them testable
  • The importance of initiatives
  • Evaluating initiatives
  • Managing initiatives
  • Soft and hard KPIs
  • Leading and lagging KPIs
  • Reporting and evaluating results
  • Cascading the balanced scorecard
  • Implementing a balanced scorecard program

Finance Basics

  • Accounting Terminology and Policies
  • Accounting as an information system
  • The accounting equation- what does it mean
  • Generally Accepted Accounting Principles
  • Differentiating between cash and accrual basis accounting
  • Basic cash flow statements
  • Walking through an Annual Report
  • The annual report package
  • Financial & Non-financial analysis

Register for this course

Date & Location

Date : 02 October 2023

Duration : 5 days

Place : Singapore

Join This Course Now

Date : 16 October 2023

Duration : 5 days

Place : Kuala Lumpur

Join This Course Now

Date : 12 February 2024

Duration : 5 days

Place : Dubai

Join This Course Now