MANAGEMENT
• Select the best decision-making criteria in making project decisions and allocating capital budgets • Determine the lowest enterprise costs in raising capital through debt and equity offerings • Analyze make-buy, buy-lease, replacement and other alternative enterprise decisions based on the best financial strategies • Articulate the financial sensitivity of project decisions and the use of decision tools for integrating cross-functional business requirements • Develop an effective decision-making structure for your unique specific project criteria and your organization Who Should Attend This seminar will benefit individuals having responsibilities in engineering, business, finance, marketing, purchasing, manufacturing, research, and program management. In addition, local government leaders and individuals in non-profits may benefit from these decision-making case studies in determining business decisions including which projects and grants should be supported. A group from the same organization may find it advantageous to attend together. Prerequisites Individuals holding a business or technical degree, combined with some management decision experience, will find this seminar extremely helpful. Knowledge of sprea dsheet software and mathematical functions is required.
−− Activity: Where Do You Spend Your Time? −− Personal Time Tracking Worksheet −− Different Roles and Use of Time −− Take the Three T Assessment −− Module Self-Check • Become a Productivity Pro
−− Productivity Pros: Three Personas −− Strategic Thinking Focus Areas −− Activity: How are You Like a Strategic Thinker? −− Strategic Thinking Tip Sheet −− Team Focus Areas −− Popular Expressions of Team Focus −− Activity: How are You Like a Team-Focused Leader? −− Team Focus Tip Sheet −− Tactical Work Focus Areas −− Activity: How are You Like a Tactical Worker? −− Tactical Work Tip Sheet −− Activity: Tactical Work Challenges −− Module Self-Check −− Activity: Coaching Challenge −− Personalized Action Plan −− Closing −− Final Assessment −− Course Survey
Instructor:
Laura Stack
Fee: $75
URL: sae.org/learn/content/pd271715/
Topical Outline • Decision Boundaries and Expectations −− Region & Functions Impacted −− Time Frame of Decision −− Outcomes −− Plan B • Decision-Making Principles −− Evolution −− Terminology −− Types −− Stages • Financial Principles
Effective Decision-Making: A Methodology Approach 1 Day | Classroom Seminar I.D.# C1354 Effective decision making is critical to maximizing profit/ minimizing expenses, return on capital spending, and operational efficiency. To understand the impact of decisions that affect the enterprise, professionals at every level must secure and integrate relevant cross-functional information. Register for this seminar and learn skills needed to base decision making on solid business knowledge and sound financial principles instead of on emotion or “your gut.” The instructor walks you through the tenets of structured decision-making and teaches a step-by-step approach to make practical, effective decisions. Note: Participants are requested to bring a scientific calculator capable of doing exponential calculations for class analyses Learning Objectives By attending this seminar, you will be able to: • Define the decision boundaries and expectations for decision outcomes • Select the optimal methodology for decision making
−− Time Value of Money, Interest & Inflation −− Worth (Present Value, Future Value, etc.) −− Financial Decision Methods (NPV, IRR, Payback Period, etc.) −− Case Studies • Decision-Making Criteria −− Market Demographics −− Product or Service Position/Leadership, Parity −− Financials & Price/Margin/Cost Reduction −− Quality/Customer Satisfaction −− Change in Business Direction/Vision −− Personnel/Job Creation • Cost Impact & Enterprise Decisions
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3 ways to get a no-obligation price quote to deliver a course to your company: Call SAE Corporate Learning at +1.724.772.8529 | Fill out the online quote request at sae.org/corplearning | Email us at corplearn@sae.org
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