A Highly Interactive Training Course On

Mini MBA: Strategic Planning & Effective Budgeting

Strategic Planning, Management Control & Effective Budgeting

Mini MBA: Strategic Planning & Effective Budgeting
Course Schedule

CLASSROOM

03-14 Feb 2025
Houston
$13,900
14-25 Apr 2025
London
$11,900
14-25 Jul 2025
Dubai
$11,900
08-19 Sep 2025
London
$11,900
01-12 Dec 2025
Kuala Lumpur
$11,900
Certificate
  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Training Overview

Training Overview

In today's dynamic business landscape, mastering essential managerial skills such as strategy development, risk analysis, negotiation, and budgeting is crucial for professionals striving to deliver exceptional performance and drive organizational success. This intensive 10-day Coventry Academy training course is designed to equip participants with a structured framework to effectively tackle both immediate challenges and long-term responsibilities amidst ongoing uncertainty. Emphasizing adaptability and strategic agility, the program aims to empower managers with practical tools and insights that foster innovation, resilience, and sustainable growth in their respective roles and organizations.

What are the goals?

This 10-day Coventry Academy training course offers delegates opportunities to gain skills in strategy development and implementation, together with risk assessment. To understand finance, in particular budgeting and cost control and how performance measurement enables organisations to track the viability of their strategies.

Packed with many practical exercises and a safe environment in which to practice new skills, delegates will:

  • Gain an Understanding of Strategy and Strategic Thinking
  • Learn about Risk Management and Mitigation
  • Practice Negotiating and Learn Top Tips for Effective Negotiations
  • Develop Skills in Budgeting and Cost Control
  • Understand how Financial Measurement Supports Strategic Success

Who is this Training Course for?

This 10-day Coventry Academy training course is suitable for a wide range of professionals who wish to develop their strategic leadership capabilities and gain a greater grasp of budgeting and cost control. For example:

  • Current and Potential Managers, and Business Leaders at All Levels
  • Those Responsible for Developing and Leading Strategic Changes
  • Procurement and Client Service Managers Responsible for Negotiation Strategies
  • Functional Team Leaders in the Governmental or Private Sector
  • Staff Members Responsible for Budgeting and Financial Controls
  • Non-Finance Managers with Financial Responsibilities

The Course Content

Module 1: Strategy, Risks, Negotiation & Leadership
Day One: Strategy
  • Introduction to strategy - background, historical developments, major theories
  • Strategic Management – a practical approach for every leader
  • A consistent methodology for strategy development
  • The relationships between vision, mission and strategy
  • The steps involved in developing a strategy
Day Two: Risks
  • The meaning and nature of risk
  • Identifying the risks in a given strategy
  • Prioritizing risks
  • Contingency planning
  • Risk mitigation strategies 
Day Three: Negotiation
  • The everyday role and attitude of ‘Win-Win’ negotiating
  • Power - gaining a superior position
  • Strategy and Tactics in negotiating
  • Understanding your opponents negotiating style and tactics
  • Negotiating Countermeasures
Day Four: Leadership
  • The strategic role and nature of effective leadership
  • Charisma and how to earn it and use it effectively
  • The role of the modern leader and how leadership has changed
  • Innovative Leadership skills
  • Maximizing the performance of each team member
  • Motivating the 'Average' employee 
Day Five: Strategic Leadership Workshop
  • Intrapersonal style and skills
  • Interpersonal and leadership communication skills
  • Leadership and The Challenge of Change
  • Strategic leadership for team development
  • Developing a personal action plan for further self-development
Module 2: Effective Budgeting & Operational Cost Control
Day Six: Introduction: Building a Common Financial Language
  • The key role of budgeting and cost control in contemporary organizations
  • The 21st century business imperative: delivering value added (but to whom?)
  • Financial vs. Managerial accounting (for decision making)
  • Understand your processes: integrating financial and non-financial aspects
  • The budgeting process
  • Examples & Discussion
Day Seven: The Budgeting Process
  • The key features of budgeting
  • Advantages and concerns with budgeting
  • Accountability and centers of responsibility
  • Zero-based budgeting
  • Budgeting and cost control
  • Examples & Discussion 
Day Eight: Cost Analysis
  • Different costs for different purposes
  • Fixed vs. Variable costs
  • The Cost-Volume-Profit analysis model
  • Contribution Margin analysis
  • Examples & Discussion 
Day Nine: Traditional vs. Advanced Techniques in Cost-Control
  • Under-costing and over-costing: the consequences for profitability
  • Indirect (OH) vs. Direct costs
  • Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
  • Linking resources, activities and management
  • Variance analysis
  • Video, Case Study and Examples 
Day Ten: Beyond the Budgets: Balanced scorecards and Six-sigma
  • Broadening performance measurement systems
  • Beyond budgeting: Integrating financial and non-financial issues
  • Introducing the Balanced Scorecard
  • Introducing the Strategy maps
  • Introducing Six-sigma
  • Video, Case Study and examples