2 days’ workshop
INTRODUCTION
Almost everything we do in today's business or public world invokes heavy competitive pressure: customer habits change, new competitors appear, and factors outside your control could delay your project. Nevertheless, we cannot allow ourselves to be paralyzed; we need to think strategically, plan in ways, which are execution able, and make decision as to what actions to take to minimize disruptions to our plans. In the final analysis, company vision is only good when we are able to converge and execute respective units’ efforts and achievements toward the organizational goals.
COURSE OBJECTIVES
On completing the programmer, participants will be able to:
Understand and Develop the strategic direction;
Identify the Company strengths and weaknesses and take advantage to match internal capability with external opportunity
Identify markets and competitions
Formulate possible strategies and align organizational directions
Measure and Deliver superior operational and financial results
Use tools to Implement and execute effectively
METHODOLOGY
Highly engaging approach drawing the best minds, fusion, and integration with the aim of practical application using the solution matrix. Case Study & Group Discussion. Real-current financial & business cases will be analyzed and scenario solutions will be discussed within the workshop.
WHO SHOULD ATTEND
CEO, CFO, COO, Department Head, Managers & Entrepreneurs
Special Feature: NOTE: Please bring laptop along
PROGRAMME OUTLINE
Day 1
Module 1: Understanding Business Acumen
how decisions are made
ways in using data effectively
Ability in balancing risk with reward
Importance of negotiating
Module 2: Converting Business Plan & Key Performance Indicators into Budgets
Understanding CEO Vision & Mission
Review KPI for Department & Individual
Module 3: Financial Statements Analysis: Predicting Business Failure (case study)
Liquidity
Solvency
Efficiency
Profitability
Asset Management
Sensitivity Analysis
Peer Comparison
Altman Z’ Score-Insolvency Predictor
Module 4: Formulation of Business Strategies (Case Study)
Asset conversion (conversion of assets to cash or profit)
Collection (Focus on collection & debt recovery)
Cost reduction (review all aspects of costs drivers)
Revenues (review all aspect of revenue drivers)
Purchasing policy (focus on top 5 key suppliers; focus on fast moving items, etc)
Day 2:
Module 5: Risk Modelling Skills (Case study)
Analyzing the potential risks facing an organization
Mitigating controls
Weight the financial impact
Cost/benefit decision analysis
Risk Model software
Module 6: Financial risk SWOT Analysis
SO, Strategies: use a firm’s internal strengths to take advantage of external opportunities
ST Strategies: use a firm’s strengths to avoid or reduce the impact of external threats
WO Strategies: aim at improving internal weaknesses by taking advantage of external opportunities
WT Strategies: defensive tactics directed at reducing internal weakness and avoiding external threats
Module 7: Linking KPI to Performance Management
Design Scoring Mechanism
Design Weighting & Measures
Tracking KPI
Module 8: Company Success Story (Case Study)
Processes (Planning & Forecasting, Cash Management
Technology (Integration & IT operation & application)
Operating Model (Share services, Combination into one area & Centre of excellence)
Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.
Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period
He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination
Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd , Singapore, Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation, Asia Business Forum Pte Ltd, Hong Kong, Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd ,Sony Malaysia Sdn Bhd , Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, SYNERGY RMS PTE LTD, India; UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) Sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd & VMAC Business Group (M) Sdn Bhd, China
He is currently providing management consultancy and training specializing in GST, Forecasting, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, Cost reduction, credit management & loan recovery.
Testimonials from Past Participants
“I really enjoyed the topics on Risk reduction & Swot analysis”: Pengurus, NAFAS
“The Instructor is very knowledgable & overall business acumen program is very effective “: Pengurus, NAFAS
“Dr Steven Liew has the ability to teach & communicate & this business acumen program is highly successful: Pengurus Besar, NAFAS
“Business Acumen is definitely a MUST for higher level management & well conducted: Pengurus Besar, NAFAS
“Dr Steven is able to share with us all the financial information and tools used for Strategic Decision Making. Personally, I am from a non-financial background and is able to grasp a major portion on the course. I find the course content very useful and will apply what I learnt in my working environment” -Business Development & Sales Manager, Brunei International Gateway Sdn Bhd