Focus your finance function on the future (bold)
Is your finance department seen as a cost-center? Are you under-utilized and under-appreciated? You can change that paradigm. You can transform into a value-added, highly sought-after partner in your organization.
The traditional cost center is focused on the past, preparing historical financial statement and budget to-actual analysis. The value-adding finance department is focused on the future, helping to guide strategy, protect against risk, implementing change effectively,
and becoming a trusted organizational adviser.
Learning Objectives
· Identify the critical skills that today’s finance professionals need to add value to their team, other departments, and the company.
· Apply the Backcasting method of strategic planning to help plan your organization’s desired future.
· Determine how to apply the Balanced Scorecard to your organization’s strategy to track progress towards and achieve success faster.
· Formulate a risk assessment to protect your organization’s success and minimize the chances of failure.
· Recall different social styles for engagement, impact, and influence.
· Determine how to plan for, implement and manage change.
· Choose techniques to motivate and elevate your team.
· Use an insightful financial analysis to maintain what is working and make organizational improvements.
Major Topics
· Skills for the 21st century finance department
· Strategic planning using the Backcasting method
· The Balanced Scorecard Method for aligning goals and objectives to
strategy
· Risk identification, assessment, and mitigation
· How to use social styles to build stronger relationships
· Methods for effectively implementing change and minimizing the human pushback
· Preparing a financial analysis that is insightful to the users, driving
improvements to the organization
· Hiring, managing, and retaining high-achieving employees
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