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Organisational Creativity and Financial Awareness for Leaders

IF2

Introduction

The world is experiencing unprecedented and rapid change resulting in economic conditions that are volatile and unpredictable at best. In order to effectively navigate such a challenging landscape, business leaders are required to balance cutting edge creativity and innovation, with sound financial awareness and decision making.

This course is designed to equip delegates with the essential skills required to ‘think outside the box’. They will acquire the knowledge, aptitude and know-how to create innovative and cost-effective solutions to complex and intricate problems.

Delegates attending this course, will learn to adopt a mindset focused on idea generation, financial awareness, team building and problem solving, all of which are aimed at delivering financial stability, outstanding performance and exceptional commercial success.  

Who should attend

This course is suitable for all non-financial staff, including Directors, Senior Managers, Team Leaders and all those who need a better understanding on how to enhance creativity and promote the generation of innovative ideas while monitoring the financial aspects of business.

10 days

London | £8500

COURSE PROFILE COMPETENCIES
COURSE PROFILE

The importance of creative thinking in business

  • Understanding creativity
  • Convergent and divergent ways of thinking
  • The four stages of creative thinking
  • “Aha!” Moments: immersion, incubation and insight

Creativity and innovation

  • Connection between creativity and innovation
  • Evaluating where innovative solutions are needed
  • Idea generation methods
  • Creative problem solving frameworks

Idea Management

  • Defining Idea Management as an ongoing factor
  • Evaluating and defining the criteria for Idea Management
  • Clarify the decision making process for implementing mini-projects
  • Linking idea management to existing processes

Developing innovative teams

  • Leader’s impact: nurturing team well-being to generate innovation
  • Developing internal think tanks
  • Choosing the right people to successfully implement innovation
  • Allocating resources
  • Rewarding and recognising achievement

Value creation

  • Defining, creating and capturing value
  • Defining performance indicators
  • Measuring ROI and quality

Creating and funding your business

  • Limited companies and other business structures
  • Your funding strategy: raising debt and equity
  • Managing risk: the effect of funding choices on financial health

Understanding companies’ published financial statements

  • Reading and interpreting financial position (balance sheets)
  • Reading and interpreting profit and loss (income statements)
  • Judging companies’ performance and health from their published information

Key ratios and Key Performance Indicators (KPIs)

  • Measuring investment return: earnings per share and beyond
  • Measuring financial health: a detailed look at leverage and interest cover
  • Measuring performance: assessing and improving profit margins

Excellence in planning and budgeting

  • Strategic plans, operating plans, and annual budgets
  • Negotiating and creating a profitable annual budget
  • Understanding and controlling cost behaviour

How finance people make decisions

  • Cash flow projections and Discounted Cash Flow (DCF)
  • The relevance of Return on Investment (ROI) and Cost of Capital (WACC)
  • Full circle: relating cash flow returns to your original funding strategy
SKILLS

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

  • Employ creativity and innovation techniques in the workplace
  • Carry out idea generation methods
  • Implement creative thinking processes
  • Solve problems creatively
  • Apply innovative solutions
  • Develop internal think tanks
  • Understand and use Idea Management tools
  • Build innovative teams
  • Create and capture valu3
  • Use key financial concepts in business discussions
  • Understand, and participate in, good financial decisions
  • Participate effectively in budgeting and cost control
  • Read and interpret companies’ published financial information
  • Appreciate how businesses raise finance, and make funding decisions
  • Understand key financial ratios and their uses

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