Strategic Management

STRATEGIC PLANNING

Each Learning Unit can be presented as a separate short course if required

Total Credits: 32

Course Duration: 12 days

Course Outline:

LEARNING UNIT 1: PLAN STRATEGICALLY TO IMPROVE BUSINESS PERFORMANCE

• Define strategic
• Benefits of strategic planning for performance
• Aspects of a good strategic plan
• The relationship between the timing of a strategic plan and performance of a venture is determined and evaluated.
• Articulating your vision, mission, purpose, goals and objectives
• Alternative organisational structures.
• Advantages and disadvantages of all organisational structures
• Monitor, measure and report on business performance
• Qualitative and quantitative performance indicators

LEARNING UNIT 2: APPLY ACCOUNTING PRINCIPLES AND PROCEDURES IN THE PREPARATION OF REPORTS AND DECISION MAKING

• Public sector environment
• Accounting principles
• Appropriate accounting systems and procedures
• Treasury guidelines for accounting
• Cash and accrual accounting
• Recording transactions in the general ledger
• Fixed Asset Register
• Statement of financial position and statement of financial performance
• Cash flow statement
• Performance against budget
• Accounting procedures for finalising financial statements
• Depreciation (Impairment of non-current assets)
• Year-end financial statements
• Control Procedures

LEARNING UNIT 3: ANALYSE, INTERPRET AND COMMUNICATE INFORMATION 

• Data capture methods
• Data Storage
• Recording of variations and anomalies
• Develop conclusions and recommendations.
• Interpretation methods of information. 
• Legislative requirements of communication of information.
• Characteristics of a Good  Requirements Document
• Data Documentation
• Confidentiality
• Reporting requirements

LEARNING UNIT 4: CREATE OPPORTUNITIES FOR INNOVATION AND LEAD PROJECTS TO MEET INNOVATIVE IDEAS 

INNOVATIVE OPPRTUNITIES

• Keep abreast of and analyse innovations or new developments.
• Investigating latest innovations
• Impact of new technology or innovation on the organisation
• Knowledge of innovations
• Trends are identified and used to identify further opportunities
• Create opportunities for innovation
• The problem solving process to innovate

LEAD PROJECTS TO MEET INNOVATIVE IDEA

• Project framework to lead innovative projects
• Managing innovative projects according to the Project life cycle
• Project planning
• Project Monitoring and Control
• Project Handover