This document outlines various services provided by Vantage Management Consulting including:
1. Financial, functional, and management diagnostics to assess organizations and identify issues impacting performance.
2. Specific solutions and consultancy services for areas already identified by organizations for intervention like business planning, cost management, and process reengineering.
3. Training programs on topics like organizational branding, employee productivity, and finance for promoters and managers.
4. Representation of a leading foreign exchange advisory firm to help businesses with large forex exposures mitigate risk.
Management audit is a total surgery of an organisation. It diverts from the traditional financial audit and focuses on the objectives, plans, organisational structure and the right business strategy. It is of interest to the practioners and students to understanding of technical issues covering the business operation. It actually focuses on the Value for Money Audit Methodology.
This paper discusses strategy evaluation, review and redesign or the point at which the cycle of strategic management process end and restarts. The complex and contingency nature of this process blends an agenda of resource-based, structure-conduct-performance, agency and other theories. The paper takes the middle course theory of organizational structure-conduct-performance for strategy evaluation, review and redesign. Literature survey on the subject reveals emphasis on ways to simplify and understand the multifarious nature of strategic management process as it projects the trio of evaluation, review and redesign as its driving force. The paper explains the seeming similarities, possible uniqueness and relationship of strategy evaluation, review and redesign to show how the trio functions as rear axles of strategic management process. A simulation exercise is provided to facilitate the application of knowledge skills on strategy evaluation, review and redesign by the NIPSS-PSLC Participants
Management audit is a total surgery of an organisation. It diverts from the traditional financial audit and focuses on the objectives, plans, organisational structure and the right business strategy. It is of interest to the practioners and students to understanding of technical issues covering the business operation. It actually focuses on the Value for Money Audit Methodology.
This paper discusses strategy evaluation, review and redesign or the point at which the cycle of strategic management process end and restarts. The complex and contingency nature of this process blends an agenda of resource-based, structure-conduct-performance, agency and other theories. The paper takes the middle course theory of organizational structure-conduct-performance for strategy evaluation, review and redesign. Literature survey on the subject reveals emphasis on ways to simplify and understand the multifarious nature of strategic management process as it projects the trio of evaluation, review and redesign as its driving force. The paper explains the seeming similarities, possible uniqueness and relationship of strategy evaluation, review and redesign to show how the trio functions as rear axles of strategic management process. A simulation exercise is provided to facilitate the application of knowledge skills on strategy evaluation, review and redesign by the NIPSS-PSLC Participants
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Bridge Knowle Workshop - Developing Effective KPIs (Companion Workbook)Kenny Ong
Learn How to Setup, Implement & Monitor Effective Benchmarks for Departmental and Corporate Growth Using Result-Driven KPI Initiatives
KPI Measurements for Employee & Performance
Know how to effectively use KPI to manage people and
their performance. This will mean you can effectively set
goals, measure their performances, provide feedback as
well as giving all a clear picture of what is important.
KPI Measurements for Departments & Company
Learn how you can use KPI to improve various functions
in your organization including for departments, business
units including new or existing business ventures
BSBFIM501 Manage budgets and financial plansVannaSchrader3
BSBFIM501
Manage budgets and
financial plans
2
Housekeeping
Emergency procedures
Mobiles, security issues
Break times/smoking policy
This course is “interactive” – ask questions
Respect, confidentiality, practice
Ground rules
3
Objectives
Discover how to plan financial management approaches
Know how to implement financial management approaches
Learn how to monitor and control finances
Understand how to review and evaluate financial management processes
Gain the skills and knowledge required for this unit.
FIVE MAJOR FUNCTIONS OF
BUSINESS MANAGEMENT
1. Planning
2. Organising
3. Staffing
4. Directing
5. Controlling
Budgeting is about Planning and Controlling
Planning and Budgeting
Planning and budgeting are essential for management control.
Effective planning and budgeting require looking at the organization as a system and understanding the relationship among its components.
Planning consists of developing the objectives, timetables, and performance standards needed to implement the organization's strategy and assigning individual accountability for results.
Budgeting involves identifying, prioritizing, acquiring, and allocating the resources needed to carry out the plan.
Basic principles of accounting
Revenue
Expense
Matching
Cost
Objectivity
Continuity assumption
Unit-of-measure assumption
Separate entity assumption
Cash v Accrual Accounting
Accrual accounting is the practice used by most businesses, and matches the revenue earned in a period, against the expenses incurred to generate that income in the period.
Revenue is recognised when the transaction takes place, rather than when the cash is collected.
Expenses are recognised when they are incurred, not when they are actually paid.
Clearer overall picture of the performance of the business
The notion of receiving or paying cash is not relevant in determining profit
Cash v Accrual Accounting
Cash accounting basis means:
Revenues are recorded when they are actually received
Expenses are recorded when cash is paid
Clearer picture of ‘cash flow’
Plan financial management approaches
1.1 Access budget/financial plans for the work team
1.2 Clarify budget/financial plans with relevant personnel within the organisation to ensure that documented outcomes are achievable, accurate and comprehensible
1.3 Negotiate any changes required to be made to budget/financial plans with relevant personnel within the organisation
10
Strategic Plan and Budget
A business needs to have both a strategic plan and a budget.
The strategic plan lays out the direction and goals of the business and guidelines for actions to achieve those goals
The budget looks at the money needed to support achieving those goals.
Budgeting is only one part of the strategic planning process.
Budget
A budget is a forecast of all income and expenses, and helps a business identify future financial needs and plans based on expected profit, expenses and cash flow.
If a business does ...
2. Schedule of services
Vantage Management Consulting Page 1
1. Financial diagnostics
Financial analysis based on financial statements and discussions,
to assess the present financial position, its wherewithal to sustain
in the short, medium and long term. Apart from assessing the
organisation’s growth profile, performance profile, and a few other parameters, ability of
the business to meet the key challenges is also assessed.
1.1 Scope: Study & analysis of the
Financial statements Financial structure
Cash flows Working capital cycle
Ratios Asset utilisation
Costs, profitability & margins
1.2 Outcome: Presentation & report giving
Findings of the diagnosis
The red flag areas and its impact
Possible strategies for correction
2. Functional diagnostics
Along with financial diagnostics, evaluation and assessment
of the adequacy of systems and policies and operational
efficiencies in all the key functions contextualised to the
growth aspirations of the business.
2.1 Scope: Financial diagnostics + study & analysis of process efficiencies in key
management functions /departments
Procurement Billing & collection
Store keeping & inventory Asset management
Hiring & payroll Costing
Accounting & finance Administration
Consumption & wastage Operations
2.2 Outcome: Presentation & report giving
Gaps in the systems & processes
Potential financial impact
Recommendations
2.3 Design & Implementation [Optional add-on]
Design the appropriate process & forms
Work with the team to implement
Train & familiarise the users
Review & follow up progress of implementation for 3 months
3. Schedule of services
Vantage Management Consulting Page 2
3. Management Diagnostics
This involves assessment of the management and decision effectiveness and evaluation of
processes which impact integrated business performance.
3.1 Scope: Functional diagnostics + study & analysis of management processes in
Planning & budgetary control
People organisation
Individual performance management
Business performance management
Strategic decision processes
Governance & culture
Management information system
3.2 Outcome: Presentation & report giving
Gaps in the systems & processes
Prepare the blueprint for “internal vitality”
Potential financial impact
Recommendations
3.3 Design & Implementation [Optional add-on]
Design the appropriate processes
Work with the team to implement
Train & familiarise the users
Review & follow up progress of implementation for 3-6 months
For an organisation which has already identified its intervention
areas, we provide consultancy services for these identified areas.
Scope: Specific solutions
Business plans & budgets
Investment appraisals
Organisation planning
Functional policies
Cost management
Financial re-engineering
Business process re-engineering
Management information systems
Project management support
3.4 Outcome: Presentation, report on
Evaluation of present status
Proposed solution & design
3.5 Implementation [optional add- on]
Train & familiarise the users
Review & follow up progress of implementation for 3-6 months
4. Schedule of services
Vantage Management Consulting Page 3
Organisational:
Parenting an organisation
Organisational brand building
Enhancing employee productivity
Finance for promoter managers
Total cost management
Diagnostics for business health
Individual
Managerial effectiveness
Communication skills
Functional
Finance for non-finance managers
ABC costing
We represent Ms. AV Rajwade & Co, India’s leading foreign exchange
risk advisors.
Businesses with large foreign exchange exposures benefit through risk
mitigation by putting in place forex hedging policies and related advisory.