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Course Code: MGLD 124
4017 Course Visits
Implementing the Business Plan and Managing Performance
Course Sector:
Management and Leadership
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Dubai, UAE $4,250
02
5 Days
Abu Dhabi, UAE $4,250
Introduction
Training course introducion / brief
Business planning and performance management are two intertwined actions that are essential in any organization’s growth. These includes creating a step-by-step strategic plan on how the company will achieve its target while at the same time establishing a process of managing the performance of the employees as soon as they enter the organization. The focus here is to plan and align the goals of the employees to strategic goals of the organization, review and assess progress, and develop the knowledge, skills, and abilities of people.
Course Objectives
At the end of the training course, participants will be able to
- Explain the importance of a well-thought-out business plan for the success of the organization
- Describe the structure of a business plan and how it caters to market and organizational needs
- Understand the business plan development process to create a well-structured, convincing business plan covering all vital elements
- Develop a business plan that includes a detailed, practical and effective implementation strategy
- Evaluate the progress of the implementation of the business plan and take necessary corrective steps
- Set performance targets and understand the approach to managing performance.
- Understand and apply strategies to enhance performance at every level
- Prepare effective performance management review / appraisal conversations
- Be able to use techniques to have meaningful development conversations with individuals and line manager.
- Implement established methods and apply techniques to effectively manage performance.
Course Audience
Who is this course for, and can benefit the most
- Senior Management and Executives.
- Middle Managers.
- Team Leaders and Supervisors.
- New and experienced Managers.
- Aspiring Leaders.
Course Outline
The course aims and learning outcomes
Understanding the Business Plan
- Definition of a business plan
- Types of business plans
- Benefits of a business plan
- Components of a business plan
- The process behind the business plan
- The importance of the business plan to a firm’s value chain
- Securing the buy-in from stakeholders
- Mapping vision, mission and values
- Conducting a situation analysis
- Setting goals, objectives, and business strategies
- Developing tactics, programs and action plans
- Forecasting, pricing and applying breakeven analysis
- Sourcing, allocating and scheduling
- Understanding basic financial concepts
- The Income Statement
- The Balance Sheet
- Cash-Flow Analysis
- Program Budgets
- Writing the executive summary
- Creating appendices and references
Business
Performance Management Frameworks
- The Stages and Tools for Effective Business Performance Management (BPM)
- Introducing Strategic, Operational and Tactical Dashboards
- Developing and Implementing a Balanced Scorecard
- Enterprise Resource Planning (ERP) Systems and BPM
- The Role of Budgeting and Forecasting in BPM
- Implementing Adaptive Management Processes
- Dealing with Resistance to BPM Implementation
- The communication phase
- Job Assignments
- Reporting Structure
- Knowledge Base
- The controlling phase
- Dealing With Deviations
- Causes Analysis
- Providing Constructive Feedback
- Corrective Actions And Adjustments
- The corrections phase
- Goal Revisions And Expectations
- Scheduling Challenges
- Budget Adjustments And Additional Financial Support Requests
- Resources Demands And Constraints
- Staying away from common business plan mistakes
- Concluding the business plan
Reporting the Progress of the
Business Plan
- Types of reports
- The recipients
- The information
- The quality
- The frequency
- Definition of performance management
- Objectives of performance management
- Impact of poor performance on an organization
- Responsibilities in performance management
- Mistakes in performance management
Establishing Effective
Objectives
- Cascading the vision, mission and strategies
- The impact of critical success factors on performance
- The 3 types of performance criteria
- Key result areas - definition and examples
- Key performance indicators (KPI)
- Balanced Scorecard
- Definition and characteristics
- Units of measure
- Difference between goals and objectives
- Turning goals into objectives the SMART way
- Measuring the semi tangible factors and competencies
- Behavioral indicators
- Proficiency level
- Corporate values - their importance
Managing and Improving
Performance through Coaching
- Defining coaching
- Coaching responsibilities
- Benefits of good coaching
- The focus and purpose of coaching
- Important coaching skills
- Five steps of coaching for optimal performance
- Role play: facilitating a coaching session
- How to conduct effective performance reviews?
- Course review and Feedback
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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