STRATEGIC BUSINESS ACUMEN MASTERY

Tickets
From ₦ 188,125.00 to ₦ 279,500.00
Tickets ×
Live-Online Training:
₦ 188,125.00 188125.0 NGN
Classroom Training:
₦ 279,500.00 279500.0 NGN

Live-Online Training: N188,125
Classroom Training: N 279,500
3 - 4 participants: 5% discount
5 or more participants: 10% discount

(Available also for Customised Training by Duration, Venue & Fee) 

Programme Description

This proposed training aims to equip Senior Executives with essential business understanding, skills, and knowledge. The program will address the few identified gaps in the Managers' oversight expertise and provide the tools and insights needed to make informed decisions, drive growth, and ensure that your success is sustained in the dynamic manufacturing landscape.

Through interactive sessions, case studies, and practical exercises, manager will enhance their understanding of business operations, financial management, strategic thinking, and effective governance.


Programme Objectives

Upon completion of this course, managers will be able to:

  • Deepen their understanding of Nigeria's manufacturing sector's intricacies.
  • Create and implement effective strategic plans for the Board and Management.
  • Enhance financial literacy for effective oversight of management and decision-making.
  • Foster a culture of innovation and adaptability.
  • Strengthen communication and collaboration between the Board and Management.
  • Apply sound corporate governance principles to ensure ethical and responsible leadership.





Programme Contents

DAY ONE

Types of Financial Reports

  • Revenue analysis report
  • Cost analysis report
  • Expense report
  • Account receivable report
  • Auditor’s report
  • Balance sheet
  • Profit & loss statement
  • Cash flow statement
  • Financial performance report
  • Chairman’s report.

Getting the hang of Capital Expenditure

  • Capital Expenditures and Depreciation
  • Capital Expenditures and Incomes
  • Gearing & Capital Structure Analysis

Oversight over Internal Controls

  • Achievement of operational objectives
  • Effectiveness and efficiency of operations
  • Accurate, timely, reliable, and meaningful financial and other information
  • Compliance with applicable laws and regulations
  • Safeguarding corporate assets
  • Overall strategy and business performance.

DAY TWO

Grounding in the Business Tripod

  • Balance Sheet
  • P&L (Income Statement)
  • Statement of Cash Flow
  • Too much attention on P&L and Cash

Oversight over Common Management Errors

Too much attention on P&L and Cash Flow?

Exposure to creditors

Inattentiveness to prospective investors’ games?

Oversight over Stock-Taking Practices

  • Age analysis of raw materials
  • Age analysis of finished products
  • Work-in-progress items
  • Who takes stocks?
  • Diligent stock-taking can be worth the expense

Oversight over Debts and Debtors

Age analysis of debtors

Debt collection practices

Oversight over Company Assets

  • Security of movable assets
  • Security and age analysis of spare parts
  • Sale of assets not in use

Oversight over Other Operations

  • Oversight over Product Offerings
  • Emphasis on margins
  • Raw materials sourcing.

DAY THREE

Strategic Plan Process

  • Seven Simple Steps to a Competent Plan

Disciplined Execution of Planned Strategy

  • Is Your Position in the industry unmistakable and straightforward?
  • Your Positioning differentiated from other strong players in the industry?

  • Your differentiation matters enough for customers to patronise you and pay well.

  • Can you sustain the differentiation or not? For how long?

  • Can you drive impressive and sustainable growth in revenue and gross margin?

Attentiveness to Reality Components

  • Regulatory & Environmental reality
  • Customer reality
  • Competitive reality
  • Team Reality
  • Financial reality.

Constantly Assessing What’s Happening to the Business

  • Winning?
  • Climbing?
  • Tumbling?
  • Losing?
Date & Time
Monday
July 29, 2024
Start - 8:30 AM
Friday
August 2, 2024
End - 3:00 PM Africa/Lagos
Location

Tom Associates Training

5/7, Alade Lawal Street, Opposite Anthony Police Station, Off Ikorodu Road, Anthony Village,
NG-LA
Nigeria
+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com
Get the direction
Organizer

Tom Associates Training

+234 817 859 1654
+234 809 276 3968 | +234 810 365 2225
tomassociatestraining@yahoo.com | info@tomassociatesng.com