Consider looking for these five characteristics among strategic planning participants. The best strategic thinkers should be: Open to valuable perspectives from multiple sources Some elements of strong strategic thinking can certainly be enhanced by seniority. Importantly though, great strategic thinking is about the right combination of three diverse perspectives:
Emphasis is placed on understanding the accounting cycle, the content and preparation of the basic financial statements for sole proprietors. Other topics covered are cash handling systems and internal control, accounting for inventory, short-term investments, plant assets, intangible assets, natural resources and long-term liabilities.
Topics covered are accounting for long-term liabilities, the issues of incomplete single entry record and cost and management accounting.
Students are also introduced to accounting for other forms of business organisations such as partnerships, joint ventures, and manufacturing organisations. Cost and Managerial Accounting concepts are also introduced.
Financial planning and control is also introduced by discussing topics such as cash flow statements, and analysis and interpretation of financial statements.
All topics are covered based on the provisions of the International Financial Reporting Standards. It involves the study of cost behavior; determination, accumulation and allocation procedures. It also deals with accounting for the basic elements of costs that is material, labor and overheads as well as Activity—Based Costing ABC.
It discusses in detail the two basic costing systems: Job Order and Process costing and includes accounting for joint and by-products. The course further looks at short run decision making and Break Even Analysis. As such it involves a detailed study of budgeting process, responsibility accounting and reporting, standard costs and variance analysis, capital expenditure planning and evaluation and alternative choice decisions.
Cost-volume-profit relationship, relevant costs and performance evaluation topics are also covered in this course. ACCT - Accounting Software Packages 3 Credits The course is designed to introduce students to accounting software packages such as Sun Accounting, Pastel Accounting and others that are commonly used by the industry.
It is a review of all accounting procedures: The course will have lab periods, which are compulsory.
Emphasis is placed on topic formulation, problem statement, research design, sampling techniques, methods of data collection, processing and analyzing data, testing of hypotheses, statistical inferences and report writing.
This analysis is extended to well-defined groups such as business firms. We will show managers how to interface with accounting and finance departments, help them to understand how firms meet their financial objectives utilizing financial decision making.
This course will also explain financial tools and techniques, which can be used to help firms maximize value by improving decisions relating to capital budgeting, capital structure, and working capital management.
This course will deal with a number of related topics, including multinational financial management, risk management, mergers and acquisition.
It focuses on the use and effect of computer information processing in a business environment, with emphasis on business computing equipment, management concerns such as decision support systems, computer security, database management, structured systems analysis and development lifecycle.
MGMT - Principles of Management 3 Credits An introduction to the concepts of effective and efficient management of business organisations. MKTG - Entrepreneurship 3 Credits The course provides an understanding of entrepreneurship in individuals, environmental assessment, and preparation for new entrepreneurship ventures.
Furthermore, it enables students to develop and implement an effective business plan; evaluation of entrepreneurial opportunities, structuring and legal issues associated with new business ventures, knowledge in start-up financing, organizing, marketing and managing of entrepreneurship.
It is intended to familiarize students with the basic laws that cover contracts, sales partnerships, negotiable instruments, bailments, sureties, and bankruptcies. MGMT - Business Law II 3 Credits This course is a company law intended to familiarize students with the basic laws that cover the nature and classification of companies, promotion and formation of companies, Memorandum of and Articles of Association, membership, share, dividends, share capital, winding and amalgamation.
It will cover the following: MKTG - Principles of Marketing 3 Credits This course covers a general survey of the major marketing methods, techniques, institutions and practices, examined from the viewpoint of their effects on the exchange of processes involved in moving goods from producers to ultimate consumers, creation, analysis and maintenance of market.
It also involves the calculation of taxable income and tax payable for individuals, proprietors and farming operations. Central banking system of selected African countries are discussed, as well as money and credit in circulation, and the effect of monetary policies.
Key factors that determine the composition of the individual or the institutional portfolio are emphasized.
MGMT - International Business Environment 3 Credits A survey of the international Business Environment that includes trade theories, exchange and finances, economic relations among nations, environmental factors that affect international business operations, and special problems encountered by executives in the management of international business operation.
Topics of study include international trade and trade restrictions, the balance of payments BOPthe instrumental monetary systems, relations with host government, multinational operations such as organizing, marketing, personnel and financial management are also included.
MGMT - Management For Non-Profit Organisations 3 Credits The course is a study and evaluation of the policies and problems unique to non-profit organisational behaviour, and design concepts with specific attention to denominational organisations such as hospitals, schools, clubs and churches.Published: Wed, 06 Dec 1.
To analyse the importance of workforce planning and explain the difficulties. Importance. In its simplest terms workforce planning is getting the right number of people with the right skills, experiences, and competencies in the right jobs at the right time. The debate over the positive and negative effects of globalization is a hot topic for many individuals, agencies, organizations and government departments who find themselves in a position to defend or attack the current globalization trends.
Essentials Guide to Strategic Planning Welcome Strategic Planner!
To assist you throughout your planning process, we have created a how-to guide on The Basics of Strategic Planning which will take you through the planning process step-by-step and keep you on track. Reflective: Your strategic goals need to reflect the analytical work done in the rest of the strategic planning process.
They need to be based on your best understanding of your business environment, strengths, abilities, opportunities and so on.
Karan Girotra is Professor of Technology and Operations Management at INSEAD. His research has appeared in top academic journals and has been featured by the Financial Times, Businessweek, Sloan Management Review, and Harvard Business Review.A former entrepreneur himself, Girotra continues to engage actively with start-ups, largely as an instigator, adviser, and mentor.
Decisions are the heart of success and at times there are critical moments when they can be difficult, perplexing and nerve racking.
This side provides useful and practical guidance for making efficient and effective decisions in both public and private life.