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Course Overview The World has Changed, but the Way we Manage has Not Most organisations today use a management model that was designed for the industrial age. This 'command and control' model with its functional hierarchy, centralised decision-making, and budgets for control and reward is outdated. Its weaknesses have long been recognised. Tools of every description have been tried to improve it, but with little effect because they have been applied within the traditional model, whereas the model itself needs to be changed. Today's competitive conditions require a systemic (not deterministic) management model -one that can respond fast and continuously to change. In this new model decision making needs to be devolved, and performance management processes need to be adaptive. While planning is certainly required, budgets (and targets) that are negotiated in advance and that create a 'fixed performance contract' are not. Exemplars of the new management model include Toyota, Handelsbanken, ALDI, Egon Zehnder, Southwest Airlines, and Google - all leaders in their industries and that's no coincidence! Audience All Senior Managers that have a responsibility for budgets/finances and the smooth operation of any organisation. Course Outline Why we Need to Change the Model - Why the old model was right before, but wrong today
- Why 'fixed performance contracts' destroy value
- Why adopting tools within the old model fails to improve it
- Why we need devolved, not centralised leadership
How the New Model Works - How to apply the twelve principles of the new model
- How devolved leadership works with knowledge workers
- How to introduce 'adaptive' planning and controls
- How to use information systems and tools effectively
- How the 'new' model leads to sustained superior success
How to Implement It - Lessons from cases that failed to change the model
- How to lead the change process successfully
- How to make a compelling case for change
- The key role that Finance should play
There is plenty of opportunity during the course for discussion.
How to make a booking for the CM032742 course
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