An Intensive 5-day Training Course
Strategic Management Accounting for Competitive Advantage
Tools for Transforming Financial Insight into Market Leadership
Course Introduction
This Oxford Management Centre Strategic Management Accounting for Competitive Advantage training course is designed to empower executives and managers with advanced knowledge and skills in strategic management accounting (SMA). This comprehensive training course covers foundational concepts to advanced techniques, providing participants with practical insights into leveraging SMA for competitive advantage in their organizations.
This training course is crucial for those aiming to transform financial insights into strategic actions that lead to market leadership. Through a combination of expert-led sessions, practical workshops, and interactive discussions, participants will learn to drive strategic decision-making, manage risks, and enhance performance measurement systems.
This training course will highlight:
- Comprehensive coverage of SMA concepts and applications.
- Real-world case studies demonstrating SMA's impact.
- Engaging group discussions, workshops, and presentations.
- Emphasis on scenario analysis and strategic forecasting.
- Guidance on designing effective performance measurement systems.
Objectives
At the end of this Strategic Management Accounting for Competitive Advantage training course, you will learn to:
- Understand and apply SMA principles.
- Utilize SMA for strategic decision-making.
- Master SMA tools for planning and performance measurement.
- Implement and sustain SMA practices.
- Enhance strategic thinking and decision-making.
Training Methodology
The Strategic Management Accounting for Competitive Advantage training course employs a blend of instructional methods, including lectures, case studies, group discussions, hands-on workshops, and participant presentations. This approach ensures participants understand theoretical concepts and gain practical skills applicable to their organizations.
Organisational Impact
The Organisation will have the following benefits:
- Enhanced strategic decision-making.
- Improved risk management.
- Alignment of operations with strategic goals.
- Sustainable competitive advantage.
- Effective performance measurement systems.
- Continuous improvement in SMA practices.
Personal Impact
At the end of this training course, the participants will gain the following:
- Enhanced strategic thinking skills.
- Confidence in using SMA tools.
- Improved decision-making capabilities.
- Advanced performance management skills.
- Networking opportunities with peers.
- Personal growth through collaboration.
Who Should Attend?
This Strategic Management Accounting for Competitive Advantage training course is suitable to a wide range of professionals but will greatly benefit:
- Senior executives and managers
- Financial professionals
- Strategic planners
- Individuals involved in performance management
- Those seeking to achieve competitive advantage through SMA
Course Outline
Day 1
Key Concepts and Principles of Strategic Management Accounting (SMA)
- Introduction to SMA for competitive advantage
- Definition and scope of SMA
- Role of SMA in linking operations to strategic goals
- SMA in strategic planning and decision-making
Day 2
Strategic Decision Making and Risk Management
- Utilizing SMA for strategic decisions
- Scenario analysis and strategic forecasting
- Identifying and managing financial risks
- Developing risk mitigation strategies with SMA
Day 3
Strategic Planning and SMA Tools
- Key SMA Tools: ABC, BSC, and Benchmarking
- Applications of SMA tools in strategic planning
- Advanced SMA Techniques: Value Chain Analysis, Strategic Cost Management
- Hands-on workshop applying SMA techniques
Day 4
Performance Measurement and Management
- Strategic performance measurement
- Developing Key Performance Indicators (KPIs)
- Designing and implementing performance management systems
- Continuous improvement through performance management
Day 5
Implementing and Sustaining SMA for Competitive Advantage
- Steps to implement SMA successfully
- Overcoming challenges and resistance
- Presentations of SMA plans by participants
- Feedback and training course wrap-up
Certificate
Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.
Accreditation
