Wednesday, April 20, 2011

Pre 3 b -MANAGING CHANGE IN MANAGEMENT



The change could be simple and complex:

  1. Simple could be in communication, motivation, more authority and higher targets to the staff concern.
  2. Complex change could affect systems, more than one staff, training, change in practices new models, new products or innovative systems etc etc.
  3. Best practices are the easiest: copy and paste
  4. Innovation in product development or business model development could be challenging.

IMPROVEMENT CHANGES AT ALL  BUSINESS MODELS.                                                                                                                                                                                                     
  1. Selling at the right price, volume, costs and targeting the right profit level. (cost volume profit analysis)   MARKETING STRATEGIES
  2. Adapting the right trading strategies and providing enough working capital. TRADING STRATEGIES
  3. Adopting the right strategies in technology and asset investment CAPITAL EXPENDITURE
  4. Financing the above through balancing credit, loan and equity. SOURCES OF FUNDS
  5. Review and redefine corporate objective in ROE (Du Pont ROE Chart) ULTIMATE BUSINESS GOALS
  6. Linking the targeted with current position through projected cash flows while ensuring liquidity at all times. LIQUIDITY AND FUNDING STRATEGIES
  7. Prepare projected Income statement and Balance Sheet. 
    • Income statement could be drawn from step 1 
    • Balance Sheet could be drawn from Step 2, 3 and 4  ESTIMATE THE RESULTS

Excel templates and models have been pre-prepared to make the training more strategic and less calculation boggling.

Arriffin 012-2786282