{"645267":{"#nid":"645267","#data":{"type":"event","title":" (POSTPONED) SCL Course: Financial Decision Making","body":[{"value":"\u003Ch3\u003E\u003Cstrong\u003ECourse Description\u003C\/strong\u003E\u003C\/h3\u003E\r\n\r\n\u003Cp\u003EThe course is designed to help\u0026nbsp;participants understand\u0026nbsp;how decisions impact\u0026nbsp;financial performance, identify\u0026nbsp;initiatives to improve company performance, and build better business cases with the overall goal of\u0026nbsp;improving financial acumen\u0026nbsp;and decision-making.\u0026nbsp;The course utilizes hands-on applications, group discussion, and exercises.\u003C\/p\u003E\r\n\r\n\u003Cp\u003EThe course is comprised of (1) 60-minute pre-course introductory session (April 14 | 1:30-2:30pm ET) and\u0026nbsp;(3) 90-minute instructor-led LIVE group webinars\u0026nbsp;(April 21, April 28, May 5\u0026nbsp;| 1:30-3pm ET)\u0026nbsp;with each group webinar requiring (1) 90-minute session\u0026nbsp;of online pre-work to be completed\u0026nbsp;before each webinar (total of 9 hours). Participants will be able to access the online \u0026quot;pre-work\u0026quot;\u0026nbsp;material Wednesday, April 14.\u003C\/p\u003E\r\n\r\n\u003Ch3\u003E\u003Cstrong\u003EWho Should Attend\u003C\/strong\u003E\u003C\/h3\u003E\r\n\r\n\u003Cp\u003EEarly or middle stage career professionals who are or will be responsible for executing organizational strategy tied to an integrated view of the organization (including professionals from distribution and logistics, production, and operations).\u003C\/p\u003E\r\n\r\n\u003Ch3\u003E\u003Cstrong\u003EHow You Will Benefit\u003C\/strong\u003E\u003C\/h3\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EEnhance your\u0026nbsp;financial acumen\u003C\/li\u003E\r\n\t\u003Cli\u003EGain a framework for better managing financial performance\u003C\/li\u003E\r\n\t\u003Cli\u003EUnderstand how faster decision-making can help more quickly capture business and financial benefits\u003C\/li\u003E\r\n\t\u003Cli\u003EObtain practical experience relating to putting together a business case for a real project\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch3\u003E\u003Cstrong\u003EWhat Is Covered\u003C\/strong\u003E\u003C\/h3\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EThe measures (return, cash flow, etc.) and key drivers (revenue, profitability, asset utilization) of financial performance\u003C\/li\u003E\r\n\t\u003Cli\u003EThe \u0026lsquo;Power of One\u0026rsquo; \u0026ndash; the impact of improving any financial metric by 1% (e.g. 1% increase in revenue, 1% decrease in cost of goods sold \u0026amp; 1-day reduction in inventory)\u003C\/li\u003E\r\n\t\u003Cli\u003EHow improvement in operational key performance indicators (KPIs) improves cash flow and overall financial performance, and how to better manage activities that impact operational KPIs.\u003C\/li\u003E\r\n\t\u003Cli\u003EBuilding a business case (strategic fit, critical success factors, change management, intangible benefits, financial criteria e.g., cash flow, payback, NPV and breakeven analysis) and using a business case as a project plan\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch4\u003EWebinar 1\u0026ndash; Managing Financial Performance\u003C\/h4\u003E\r\n\r\n\u003Ch5\u003EObjectives\u003C\/h5\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EDevelop deeper understanding of the importance and drivers of financial performance\u003C\/li\u003E\r\n\t\u003Cli\u003EHow it is influenced by individual decisions and collectively as a team\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch5\u003EPre-work\u003C\/h5\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EReview Financial Acumen eLearning\u003C\/li\u003E\r\n\t\u003Cli\u003EIdentify the areas of financial performance they are responsible for managing\u003C\/li\u003E\r\n\t\u003Cli\u003EExamples of decisions that impact a company\u0026rsquo;s overall performance\u003C\/li\u003E\r\n\t\u003Cli\u003EAnalysis of\u0026nbsp;company\u0026nbsp;(or company of choice) financial performance using FinListics ClientIQ.\u003C\/li\u003E\r\n\t\u003Cli\u003EPre-work submitted prior to webinar 1 for review by facilitator.\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch5\u003ETopics\u003C\/h5\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EOverall measures of performance (return, cash flow, etc.)\u003C\/li\u003E\r\n\t\u003Cli\u003EKey drivers of financial performance\r\n\t\u003Cul\u003E\r\n\t\t\u003Cli\u003ERevenue\u003C\/li\u003E\r\n\t\t\u003Cli\u003EProfitability\u003C\/li\u003E\r\n\t\t\u003Cli\u003EAsset utilization\u003C\/li\u003E\r\n\t\u003C\/ul\u003E\r\n\t\u003C\/li\u003E\r\n\t\u003Cli\u003EActivity: Analyze financial performance \u0026ndash; trend, peer, and industry\u003C\/li\u003E\r\n\t\u003Cli\u003EActivity:\r\n\t\u003Cul\u003E\r\n\t\t\u003Cli\u003EPower of One - what are cash flow benefits from improvements in:\r\n\t\t\u003Cul\u003E\r\n\t\t\t\u003Cli\u003EFinancial metrics by 1% (e.g. 1% increase in revenue, 1% decrease in cost of goods sold)\u003C\/li\u003E\r\n\t\t\t\u003Cli\u003ECapital Utilization (e.g. 1-day reduction in inventory)\u003C\/li\u003E\r\n\t\t\u003C\/ul\u003E\r\n\t\t\u003C\/li\u003E\r\n\t\t\u003Cli\u003EGap Analyses\r\n\t\t\u003Cul\u003E\r\n\t\t\t\u003Cli\u003EImprovement in financial metric to best performing year or best performing peer\u003C\/li\u003E\r\n\t\t\u003C\/ul\u003E\r\n\t\t\u003C\/li\u003E\r\n\t\u003C\/ul\u003E\r\n\t\u003C\/li\u003E\r\n\t\u003Cli\u003EKey take-aways and how participants will apply what they have learned\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch4\u003EWebinar 2 \u0026ndash; Improving Financial Performance\u003C\/h4\u003E\r\n\r\n\u003Ch5\u003EObjectives\u003C\/h5\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EDevelop deeper understanding of how improvement in operational key performance indicators (KPIs) improve cash flow and overall financial performance\u003C\/li\u003E\r\n\t\u003Cli\u003EExplain how participants can better manage activities impacting operational KPIs\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch5\u003EPre-work\u003C\/h5\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EIdentify operational KPIs they help manage\u003C\/li\u003E\r\n\t\u003Cli\u003EIdentify initiatives to improve operational KPIs\u003C\/li\u003E\r\n\t\u003Cli\u003EPre-work submitted prior to webinar 2 for review by facilitator.\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch5\u003ETopics\u003C\/h5\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EFramework for better managing financial performance\r\n\t\u003Cul\u003E\r\n\t\t\u003Cli\u003EFinancial metrics -\u0026gt; business processes -\u0026gt; activities and tasks -\u0026gt; operational KPIs\u003C\/li\u003E\r\n\t\u003C\/ul\u003E\r\n\t\u003C\/li\u003E\r\n\t\u003Cli\u003EActivity: Identify KPIs participant\u0026rsquo;s company is most focused on improving (e.g., materials, labor, closure rate, employee turnover, etc. What lines of business would be involved? What are the initiatives? What are the business benefits?)\u003C\/li\u003E\r\n\t\u003Cli\u003EActivity: Power of One and Gap Analyses \u0026ndash; what are cash flow benefits from:\r\n\t\u003Cul\u003E\r\n\t\t\u003Cli\u003EImprove targeted operational KPIs by 1%\u003C\/li\u003E\r\n\t\t\u003Cli\u003EImprove performance to targeted performance\u003C\/li\u003E\r\n\t\t\u003Cli\u003ECost of delay in achieving improvement in performance\u003C\/li\u003E\r\n\t\u003C\/ul\u003E\r\n\t\u003C\/li\u003E\r\n\t\u003Cli\u003EHow faster decision-making can help the company more quickly capture business and financial benefits.\u003C\/li\u003E\r\n\t\u003Cli\u003EKey take-aways and how participants will apply what they have learned\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch4\u003EWebinar 3 \u0026ndash; Building the Better Business Case\u003C\/h4\u003E\r\n\r\n\u003Ch5\u003EObjectives\u003C\/h5\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EDevelop initiative that helps improve participant\u0026rsquo;s company financial performance\u003C\/li\u003E\r\n\t\u003Cli\u003EDevelop deeper understanding of building a business case\u003C\/li\u003E\r\n\t\u003Cli\u003EUsing the business case as project plan instead of check-the-box to get approval\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch5\u003EPre-work\u003C\/h5\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EReview \u003Cem\u003EBusiness Case Acumen\u003C\/em\u003E eLearning\u003C\/li\u003E\r\n\t\u003Cli\u003EBuild on initiative identified in Webinar 2\u003C\/li\u003E\r\n\t\u003Cli\u003EDevelop initial business case\u003C\/li\u003E\r\n\t\u003Cli\u003EConduct cash flow analysis using FinListics ClientIQ\u003C\/li\u003E\r\n\t\u003Cli\u003EPre-work submitted prior to webinar 3 for review by facilitator.\u0026nbsp;\u0026nbsp;\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n\r\n\u003Ch5\u003ETopics\u003C\/h5\u003E\r\n\r\n\u003Cul\u003E\r\n\t\u003Cli\u003EBusiness case overview\r\n\t\u003Cul\u003E\r\n\t\t\u003Cli\u003EQualitative \u0026ndash; e.g., strategic fit, critical success factors, change management, intangible benefits etc.\u003C\/li\u003E\r\n\t\t\u003Cli\u003EQuantitative \u0026ndash; financial criteria e.g., cash flow, payback, NPV, etc. and breakeven analysis\u003C\/li\u003E\r\n\t\t\u003Cli\u003EMonitoring and managing success\u0026nbsp;\u003C\/li\u003E\r\n\t\u003C\/ul\u003E\r\n\t\u003C\/li\u003E\r\n\t\u003Cli\u003EActivity: Present initial business case and receive feedback from peers and facilitator\u003C\/li\u003E\r\n\t\u003Cli\u003ESummary of webinar series\r\n\t\u003Cul\u003E\r\n\t\t\u003Cli\u003EKey take-aways\u003C\/li\u003E\r\n\t\t\u003Cli\u003EHow participants will apply what they have learned\u003C\/li\u003E\r\n\t\t\u003Cli\u003EWhat \/ how will they share with others\u003C\/li\u003E\r\n\t\u003C\/ul\u003E\r\n\t\u003C\/li\u003E\r\n\u003C\/ul\u003E\r\n","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EThe course is designed to help\u0026nbsp;participants understand\u0026nbsp;how decisions impact\u0026nbsp;financial performance, identify\u0026nbsp;initiatives to improve company performance, and build better business cases with the overall goal of\u0026nbsp;improving financial acumen\u0026nbsp;and decision-making.\u0026nbsp;The course utilizes hands-on applications, group discussion, and exercises.\u003C\/p\u003E\r\n","format":"limited_html"}],"field_summary_sentence":[{"value":"Improve your financial acumen\u00a0and decision-making to improve company performance"}],"uid":"27233","created_gmt":"2021-03-11 21:54:41","changed_gmt":"2021-03-25 17:43:23","author":"Andy Haleblian","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2021-04-14T14:30:00-04:00","event_time_end":"2021-05-05T16:00:00-04:00","event_time_end_last":"2021-05-05T16:00:00-04:00","gmt_time_start":"2021-04-14 18:30:00","gmt_time_end":"2021-05-05 20:00:00","gmt_time_end_last":"2021-05-05 20:00:00","rrule":null,"timezone":"America\/New_York"},"extras":[],"related_links":[{"url":"https:\/\/www.scl.gatech.edu\/education\/professional-education\/course\/fdm","title":"Course webpage within the SCL website"}],"groups":[],"categories":[],"keywords":[{"id":"4175","name":"finance"},{"id":"233","name":"Logistics"},{"id":"167074","name":"Supply Chain"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"10377","name":"Career\/Professional development"}],"invited_audience":[{"id":"78771","name":"Public"}],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003E\u003Ca href=\u0022mailto:info@scl.gatech.edu\u0022\u003Einfo@scl.gatech.edu\u003C\/a\u003E\u003C\/p\u003E\r\n","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}