Duration

3.5 hours

Language of Delivery

Cantonese, English or Mandarin

Introduction

In today’s competitive business landscape, understanding the relationship between cost management and value creation is essential for sustainable growth. This course empowers participants to recognize the significance of financial resources in creating high business value while shifting the focus from mere cost-cutting to strategic investment in value creation.

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Course Details

Objectives
  • Empower participants to recognize the significance of financial resources in creating high business value.
  • Shift focus from mere cost-cutting to strategic investment in value creation.
  • Equip executives with strategies to achieve sustainable business growth in a challenging economic environment.
Methodology
  • Presentation Slides: To guide discussions and illustrate key concepts.
  • Case Discussions: Real-life examples to demonstrate successful strategies.
  • Interactive Discussions: Facilitated discussions to encourage participant engagement and sharing of experiences.
  • Visual Aids: Charts and graphs to illustrate financial concepts and data.
Key Takeaways
  • A comprehensive understanding of cost rationalization and its importance in value creation.
  • Strategies for identifying key areas for improvement in operations that drive value.
  • Tools for analyzing cost drivers and optimizing resource allocation.
  • Insights into creating a culture of value creation within an organization.
Agenda
  • Introduction to Cost Rationalization and Value Creation
    • Definition of cost rationalization and its importance.
  • Understanding Financial Resources
    • The role of financial resources in business operations.
    • Differentiating between cost-cutting and value-enhancing operation activities.
  • Strategies for Value Creation
    • Identifying key areas for improvement in operation that drive value.
    • Case studies of successful companies that have balanced cost management with value creation.
  • Tools and Techniques for Cost Rationalization
    • Introduction to Total Cost of Ownership (TCO) and its relevance in procurement.
    • Techniques for analyzing cost drivers and optimizing resource allocation.
  • Implementing Change
    • Steps to create a culture of value creation within the organization.
Target Participants
  • Financial managers
  • Executives
  • Team leaders
  • Professionals involved in strategic planning and resource allocation