Course description
Leaders must understand how to balance innovative activities and sustainable performance.
The flood of data--and data analytics courses--has created pressure to 'know more' before making decisions. At the same time, the pace of business continues to accelerate toward the speed of light. But, does more data mean better information and better outcomes? This course is designed for mid-to-senior level executives who need a clear, easy-to-apply process for determining which information is needed, where to get it, and how to apply it to the decisions that drive value creation for their organization. Being able to effectively navigate through conflicting data to determine which is accurate and relevant to the decision has never been more important. This program enables you to resolve many of the business decisions you’re challenged to address each day. Get ready to learn:
- Balance financial and non-financial metrics
- Determine the best blend of innovation investment with practices designed for sustainable performance
- Uncover the most effective non-traditional levers to drive value creation for your particular business
- Set the targets and metrics that will drive the right behaviors and optimize value creation
You'll leave this program as an informed decision-maker with a solid grip on what data to use to provide better outcomes for your organization. Your back-to-work action plan can be implemented immediately to enable your company to be more agile and resilient.
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Who should attend?
Mid- to senior-level managers seeking to improve their decision-making by applying frameworks, tools, and techniques that help them better understand the value generating process of an organization
Training content
DAY 1
UNDERSTAND DRIVERS OF VALUE CREATION
Redefining long-term value
Primary drivers of value creation
Understanding where your organization currently stands in the value creation process
Understanding limitations of financial data
EXERCISE: Construct a value map for your own organization
DAY 2
COMMUNICATING VALUE CREATION
The 3 C's (Control, Contracts, Culture) of designing systems
Managing growth
Balance innovation with sustainable performance
COACHING: Effective communication of value creation
Communicating to internal and external stakeholders
DAY 3
DESIGNING SYSTEMS TO DRIVE VALUE CREATION
Designing systems
Translating long-term value proposition to targets and measures
Motivating employees to create long-term value
SIMULATION: Data-driven decision-making under pressure with conflicting data
DAY 4
BALANCING FINANCIAL AND NON-FINANCIAL METRICS THROUGH SIMULATION
Build a culture of long-term thinking
Decision-making under pressure
Dealing with ambiguity
EXERCISE: Design your organization’s own value scorecard
DAY 5
BUILDING ACTION PLANS FOR VALUE CREATION AND MEASURING SUCCESS
Simulation wrap-up
PEER PRESENTATIONS: Action plan for implementing organization’s value scorecard
Costs
The fee is $10,500 (USD).
Includes
- Tuition
- Accommodations in Michigan Ross' first-class full-service Executive Learning and Conference Center (pending availability)
- Continental breakfasts, lunches, coffee breaks, and selected dinners in our exclusive
- Executive Dining Room
- Program materials and resources
Fee is payable in advance in US dollars, is net of any tax, and is subject to change.
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At Michigan Ross, we are leaders, researchers, and lifelong learners creating innovative solutions to the world's most complex business challenges. We are a top-ranked business school offering action-based learning to prepare our graduates for today’s ever-evolving world. Our impact extends...