Open Courses

Effective Management Using Financial Performance Measurement

F08

Introduction

This course explores the importance of linking performance measurement with company strategy to ensure a coherent approach to performance management.  The course will examine the use of both financial and non-financial measures, as well as the challenges of controlling divisionalized performance.  This practical and engaging course will also consider how performance monitoring and appraisal can be linked to employee motivation retention and development.

Who should attend

This course is designed for managers, executives and individuals responsible for measuring and managing organisational performance.  The course will also be of value to managers in all professional backgrounds as well as to qualified finance professionals.  The course draws on performance indicators from a variety of sources both financial and non-financial to develop effective performance management frameworks.

COURSE PROFILE

The Link between Corporate Strategy and Performance Measurement

  • Corporate strategy as a determinant of performance measurement
  • Measuring and managing performance to deliver corporate strategy
  • Contemporary performance management frameworks

Measuring and Managing Financial Performance

  • Developing relevant financial performance indicators
  • Enhancing strategic performance through management of financial performance indicators

Measuring and Managing Non-financial Performance

  • The growing importance of non-financial performance indicators
  • Developing non-financial performance indicators
  • Delivering corporate strategy through management of non-financial performance indicators

Managing Performance in Divisionalized Organisations

  • The challenge of performance measurement in a divisionalized organisation
  • Effective performance management in a divisonalized context

Linking Corporate Performance to Reward

  • Linking personal performance and strategic delivery through performance monitoring
  • Developing goal congruent reward systems
SKILLS

At the end of the course delegates will be able to:

  • Understand the link between strategy and performance management
  • Understand contemporary multi-dimensional approaches to performance measurement
  • Use a range of financial and non-financial indicators to manage performance
  • Develop appropriate performance monitoring frameworks in divisionalised contexts
  • Utilise performance indicators and performance motoring frameworks to develop, motivate and retain staff
COMPETENCIES
  • Corporate and Business Strategy
  • Finance
  • Financial Performance Management
  • Performance Management
  • Performance Measurement
  • Reward Planning
BOOKING

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