This is an online course, which you can study for independently and at your own pace.
Whether you are concerned about your own business or wanting to support your clients going through difficult times, Managing Through a Recession will enable you to think through your approach to managing your business operation through a recession. Working through the process of understanding what is going on, assessing the damage, planning under pressure and making it happen, learners will develop their approach and engage in a dialogue with their peers.
Managing Through a Recession has been created as part of an 'Issues and Debates' style of learning. It has been designed to stimulate intelligent dialogue and debate and provide a valuable and evolving resource of professional knowledge and experience.
This style of course is split into two activities: Understanding the issues and Putting it into practice. The first encourages you to think about a topic, drawing on your own professional experience and knowledge. The second helps you to put ideas and/or theories into practice as part of your day-to-day work.
Managing Through a Recession enables the learner to:
- Predict what could go wrong in a downturn and spot it early
- Assess the likely impact of any issues
- Develop a plan to address problems
- Put in place the right actions and measures to ensure your plan works
This course is designed to appeal to FM professionals who either need to refresh their existing knowledge both in finance functions and other areas, who are looking for a practical course that enables them to apply business theory to successfully manage their organisation specifically through a recession.
Learning outcomesWhat's going on?
Assessing the damage
- The current environment
- What's different this time?
- What's positive?
- What does this mean to you and the senior management team?
- Problems and consequences: Part 1
- Problems and consequences: Part 2
- Damage reporting
- Root causes
Planning under pressure
- Analysis of sales and gross margins - the product market matrix
- Analysis of new business leads - the "funnel"
- Activity based costing analysis
- Short interval costs
- Error reporting
- Process management - the leaking pipe
Making it happen
- Planning and replanning
- Approaches to problem solving
- Possible routes to solutions
- What makes an ongoing process of implementation?
- Management information
Each course includes a fact sheet that you can print off or download. The fact sheets summarise the key learning points from each module for you to refer to once you have completed your learning online.
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