Concept
Strategic financial controlling is the responsibility of executives and upper management. Men and women who lead a company or subsidiary, who head a business division or a profit center, constantly make financial decisions with far-reaching implications.
Here are some examples:
- You expand your business by offering not only products but problem solutions, a full service package or system integration, which requires financing and drives company costs. How can I avoid eroding my cost positioning?
- Your company decides to insource or outsource, and this changes its presence in the overall value-added chain, and changes capital intensity. This can have grave consequences for profitability. How can I meet profit objectives in this situation?
- Tough competition in a stagnating market is eroding profit margins, which forces your company to make price concessions. This puts pressure on earnings and makes the profit situation worse. What can you do to avoid this?
- Focusing more on the core business has caused partial divestment, and parts of the company are to be sold. How can you determine what the optimal price is here?
- The Controlling department writes reports for management with highly compressed data. How can you derive and implement measures from this information to ensure positive results and increase cash flow?
- Top management sets fiscal objectives that are very ambitious. What can you do to achieve these objects anyway?
These are only a few examples of questions that executives ask. They show that it's not always the Finance or Controlling departments alone who handle company finances. In fact, strategic financial controlling is tightly integrated with strategic management. The holistic St. Gallen approach to management helps you identify synergies here, and to reach even ambitious objectives by creating:
- Above-average profitability and a healthy financial position, with sustainable growth and value enhancement.
Structure
We know how hard it is to deliver your company's results on a regular basis. This 4-day seminar is for managers like you who want to update their skill set with even more knowledge about vital aspects of financial controlling as seen from the standpoint of executive management.
Who benefits from this seminar
This seminar teaches you how to lay down the right fiscal foundation for your company. This demands comprehensive understanding and the ability to assume financial management tasks. It offers instruments and methods to help you better achieve the financial objectives of your company. Our experienced lecturers demonstrate how to manage the finances of a company, a business division or profit center in a way that optimizes performance and financial results.
Participants
- Executives with responsibility for financial results
- Managing directors and their deputies
- Members of management boards and board of directors
- CEO’s and executives
- Executives who head a department or a function
- Specialists who bear more and more responsibility for financial results
- Profit Center & Business Unit Managers
Topics
Strategic Financial Management at a Glance
- Financial management tasks
- Making strategic decisions about financial management
Strategy and Finance
- Effects of strategic changes on financial management
- Changes of cost structures and cost position
- A change in participation in the value-added chain
- Consequences for capital intensity and profitability
- Effects on financial feasibility of strategic options
Focusing, Innovating and Growing
- Consequences of these 3 different strategic variants on financial management
- Effects on liquidity, profitability, cash flow and corporate value
Holistic Control of Company Results
- The vital «adjustment buttons» that allow you to consistently improve and control cash flow, EBIT, company success and Profit Center marginal return
- Instruments and methods for an effective control of financial results
The Informative Value of Annual Financial Statements
- Analyzing and interpreting balance sheets, income statements, profit and loss statements
- Reading between the lines of financial statements to recognize trends and changes
- Understanding key performance indicators (KPIs)
- Intervening in a controlled way, and early enough, to counteract negative development
Financing and Capital
- Kinds of financing
- Strategies for financing, financial engineering
- Lowering financial costs
- Calculating financial needs
- Providing a liquidity reserve
- Raising capital – externally or from within the company?
- Costs of raising capital externally or from within the company
- The advantages and disadvantages of a seasoned equity offering
A Look at Corporate Value
- Shareholder value concept. What remains?
- Why does corporate value have to be controlled despite such concepts?
- Achieving sustainable value enhancement
- Value drivers
- Targeted use of value generators
Acquisition of Companies or Parts of Companies
- External growth through acquisitions
- Determining the value of your company
- A real-world evaluation of synergies. Where can they be used, where should they probably not be used?
- Real-world experiences in realizing synergies
- Sales negotiations and due diligence
Divestment
- Selling your company or parts of it
- Streamlining your portfolio
- Spin-offs with or without management buy-out
- Requirements for getting a good selling price
Mergers
- The merger of two businesses
- Strengthening your market position
- Reducing costs
- Adapting too-high production capacities to market demand
- Avoiding duplication
- Enhancing the talent pool and core competencies
- The attempt to create a single corporate culture out of two
A Management Information System (MIS)
- Financial early-warning system
- Developing an effective MIS
Controlling
- Modern reporting systems
- Meaningful and informative presentation of results
- Navigation instruments
General Information
Registration, Administration, Enrollment
St. Gallen Business School
Rosenbergstrasse 36
CH-9000 St. Gallen
Phone: +41 71 225 40 80
Internet: www.sgbs.ch
E-Mail: seminare@sgbs.ch
Announcement, Confirmation, Hotel
Please complete and return the attached registration form by e-mail or post.
All announcements are accurately checked, in order to set up interesting groups.
After checking the announcement you will get a written registration confirmation and the bill for the course fee as well as detailed information to the hotel and arrival. In case of an overbooked course we will contact you immediately. Hotel reservations are directly carried out by the participants. You benefit from a very reasonable seminar flat rate. Carefully selected hotels favour a stress-free learning atmosphere.
Please note that partial participation in a course is only possible after consulting the study direction.
Course Fee, Hotel costs, Topics
The course fee (plus VAT, depending where the seminar takes place) includes tuition and all course material. Hotel charges as for example accommodation, breakfast, subsistence of the hotel or conference center are not included. These charges are billed by the Hotel directly to the participants. Of course it is possible not to spend the night at the seminar hotel. In that case you pay the daily delegate rate directly to the hotel as well. The daily delegate rate of the conference centers in London, Boston and Shanghai is billed directly by the St. Gallen Business School and forwarded to the conference center.
The course fee is charged after the registration and has to be transferred by 6 weeks before the seminar starts.
Please note that missed lectures due to tardiness or absence are not refunded and cannot be made up later. It may be necessary to apply minor changes to the program in order to guarantee a successful course.
Certificate
Due to the participation of the seminar you will get a seminar certificate.
Information to the Seminar Hotels
More information regarding our seminar hotels you can find directly on the internet (www.sgbs.ch).
Change of Booking, Postponement
If attendance at a seminar has, for compelling reasons, to be postponed, an administration fee of CHF 300.- will be charged. A re-scheduling is possible only up to 6 weeks before the start of the seminar, and only once. Seminars and parts of seminars not attended are forfeited. In the case of booking changes later than 6 weeks before the start of a seminar, following re-scheduling fees will be billed: up until 4 weeks prior to the start of the course, 20% of the course fee; up until 2 weeks prior to the start of the course, 40% of the course fee; up until 1 week prior to the start of the course, 80% of the course fee. In case of a later re-scheduling the entire seminar fee is forfeited. Alternatively, a booking for a substitute participant can be made up until 4 working days before the start of the seminar. For booking a substitute participant, an administration fee of CHF 300.– will be charged.
If a participant is obliged for compelling reasons to change a booking for an individual seminar part so as to attend this in another session, then a change in booking fee of CHF 300.- will be charged. The participant should be aware, that in this case program adaptations or alterations may occur. Please therefore contact us 10 days before the start of the seminar in order to talk the seminar program over for preventing program overlaps.
Cancellation / Withdrawal
The cancellation of an enrolment (a complete withdrawal) is possible up until 3 months before the start of a seminar with-out charge. In the case of a cancellation (complete withdrawal) up until 8 weeks before the start of the seminar, 20% of the course fee will be charged, in the case of a cancellation (complete withdrawal) up until 6 weeks before the start of the seminar, 40% of the course fee will be charged. After this time, the entire course fee is to be paid as a forfeit, unless provision has been made via re-booking for a substitute participant.
The booking of a replacement participant or deputisation is to be made at the latest 4 working days before the start of the seminar. In the case of booking a replacement participant, an administration fee of CHF 300.- falls due. In principle, seminars may, due to force majeure or because of an insufficient number of participants, be cancelled by the organiser at short notice, however only up until 3 weeks before the seminar start, without being liable for compensation for any resulting consequences.
Insurance, Liability, Price Changes
We recommend that you take out cancellation insurance policy covering cancellation due to illness and other occurrences. Likewise, it is the client’s own personal responsibility to insure against or cover all possible damages or losses which might either directly or indirectly arise from the attendance at a seminar. No matter whether it is due to accident, illness, personal liability, theft, cancellation of the seminar by the organiser, or from damage resulting from the use of the imparted Management knowledge on the part of any participant or the company appointed to us. Any liability on our part is expressly precluded. All matters are subject to Swiss law, the place of jurisdiction is St. Gallen. By the publication of new prospectus / brochures, all previous details pertaining to contents, speakers and prices cease to be valid.
