Saturday, 14 January 2017

LEAN MANAGEMENT : CONTINUOUS IMPROVEMENT FUNDAMENTALS

LEAN MANAGEMENT: Continuous Improvement Fundamentals
Synopsis
In today’s rapidly changing business landscape, the Management’s job is to work on the system to achieve continual product and process improvement. Constant and perpetual improvement in systems of production and service is a must in today’s business environment. Lean management is the strategy for Operational Excellence based on clearly defined values to engage people in continuous improvement in safety, morale, quality, cost, and productivity.
This course covers Lean from both a manufacturing and service perspective.
The learning outcomes
Upon completion of this course, participants will be able to:-
·       Gain an understanding of Lean
·       Master the 5 lean principles
·       Identify and create value by reducing various type of waste
·       Learn how to effectively implement & evaluate changes with PDCA cycle
·       Enhance their capacity for systematic problem solving at all levels: developing a workforce of problem solvers, where everyone is focused on continually driving improvements in safety, morale, quality, delivery, and cost.
·       recognize the importance of Mutual Respect for People especially in the work place (tapping and developing the talents and knowledge of all employees)

Who Should Attend 
This course is designed for frontline employees, team leaders, and managers interested in deploying Lean.
Course Outline
Morning Session
·       Understanding of Lean Management framework
·       The five Critical improvement concept
·       Type of waste
·       Identify the opportunity through eliminating Operational Waste Exercise
·       5 Rs
·       Paradigm shift for improvement

Afternoon Session
Lean Methods and Exercises
·       Mapping: Value Stream, Process & Simulation Game
·       Current and Future Value Stream
·       Visual Management
·       Holistic Approach – “optimize the whole” – Eliminate Waste”-“Build Quality In”-“Deliver Fast”
·       5 Whys
·       Standard Work
·       PDCA



Thursday, 12 January 2017

VALUE INVESTMENT – SOUND, SMART & SOLID INVESTING APPROACH

VALUE INVESTMENT – SOUND, SMART & SOLID INVESTING APPROACH

Synopsis: 

The profession of a value investor can be highly rewarding, for those that possess the necessary skills, discipline, and objective approach. Value investors are able to generate outsized returns on a consistent basis through investment strategies that tend to outperform over a longer-term investment horizon.

Value investing basically involves buying underpriced securities, and selling those that are overpriced – with a great emphasis on the margin of safety. Bill Graham pioneered this approach, while the likes of Warren Buffet gave it the centre-stage exposure that it deserved.

Investing is multi-disciplinary - bring together among others, the elements of finance, strategy, marketing, operations, and financial reporting. This programme aims to provide participants with key investment tools and they can practice with, using real time financial statements.

Deliverables:

This programme seeks to provide you with the ability to:

1.  Identify sound companies with strong fundamentals, suitable for value investing;
2.  Differentiate between growth stock and value stock;
3.  Comprehend which stocks constitute as value stock in term of its characteristics; business and mission.
4.  Understand why this stock can outperform the market and deliver excellent result;   
5.  Address the critical concerns especially in relation to the investors’ perspective.
6.  Understand the economic, business, and financial analysis unique to value investing;
7.  Analyze a range of public-company business for investment purposes;
8.  Value public companies and securities through a range of financial analysis tools; and
9.  Learn about, conduct, and effectively communicate to investors the original investment research focused on publicly listed companies.

TAGET AUDIENCE

Those wanting to start a stable career in investing
Current investors wanting to learn value investing techniques
Those wanting to make money in the stock market, while minimizing risks

OUTLINE
Day I
Icebreaker
MODULE: 1
Understand what makes value investing
·       Icebreaker
·       What makes value investing
·       Formulae
·       Why Qualitative insight is crucial
·       Clear understanding of core competencies & their importance
·       Long term shareholders

MODULE: 2

Holistic Approach  
·       Causes and consequences
·       Financial and Non-financial perspectives
·       The leading and lagging indicators, its relationships & implications
·       Seeing the invisible
·       Multi-dimension to shape its future especially in today’s fast changing world (6 Ps)
·       Hands On experience
  
MODULE: 3
Free Cash Flow

-       Why cash flow is important than profit
-       Cash Conversion Cycle
-       Real application & exercise
-       Understand their stories
-       Its value, vision & mission
-       Identify Core Challenges?

MODULE: 4
Qualitative aspects of the Company
·         Game
·         Brain of the company
·         Why you need three key ingredients of Integrity, Intelligence and Energy that can direct, drive and deliver its excellent results,
·         How value, beliefs and culture play crucial roles and how it has been applied in Walmart.
       Video – empty your mind & its qualities
MODULE: 5

Response well with external changes

·       SWOT
·       Focus on Inner and response well to external changes
·       Like water
·       Core competency and not capability
·       Transformational video
Simple business and its model


Sum up / Q & A / Discussion
Sum Up/ Q & A

Key take-back messages

END OF DAY 1


Tuesday, 10 January 2017

FINANCE FOR NON FINANCE & ACCOUNTING STAFF

2 DAYS COURSE OUTLINE

FINANCE FOR FINANCE & ACCOUNTING STAFF


Objective:

This program is designed to impart basic knowledge to line managers about some common management financial reports to enable them to carry out simple analyses so that they can identify the health of operations and trigger their concerns for making improvement in their own areas of responsibilities.

Deliverable:

By the end of this program, participants will be able to:

1.     Understand the various financial implications that are pertinent to management control and be able to measure effectiveness of operations
2.     Differentiate between the usefulness of financial accounting and management accounting reports
3.     Analyze the financial ratios to identify the company’s financial strength and weakness so that they can create appropriate strategic plans to achieve Company’s vision; 
4.     Carry out simple analyses measuring returns using ROI, opportunity cost, stock management and inventories control ratios through both financial & non-financial KPIs 
5.     Make use of the 9 pointers to have quick CHECK of the company’s financial health
6.    Know precisely what to look for
7.    Gauge with more confidence where the company is heading

Key Topics: 

1.     Essential financial management terminology, information and tools
2.     The importance and limitations of using numbers to predict, plan and control
3.     Essential Financial Statements (Balance sheet, P&L account, Management accounts, Cash flow Plan, Operating Budget Plan etc) and integrated with company strategy and vision;
4.     The relationships, usefulness and limitations of each component of Financial Statements with real-world class cases & what to look for.
5.     Gain financial discernment and confidence to positively impact on bottom line
6.     Understanding the Big Picture of doing Business and enhancing business acumen in management
7.     Looking beyond numbers for completeness and holistic management approach. 
8.     9 Pointers of Financial Analysis; Qualitative, Qualitative and External Aspects
9.     How to achieve Progress, Profitability and Prosperity in today’s rapidly changing world.
10.  Main Types of Non-financial Ratios ( understanding rejection rate, waste ratio, complaint ratio, warranty ratios and delivery on schedule ratio ) to use to analyze the underlying causes and benchmark 
11.  Understanding the difference between core competencies and capability
12.  Understanding, analyzing and using Financial Ratios in management 
13.  Cash Conversion Cycle, Free Cash Flow
14.  Work more effectively with their organizations’ financial personnel
15.  How to response to the rapid changes to External Factors (Market Driven) to stay ahead 
  
Day 1:
Icebreaker

MODULE I. From Vision to Financial Success 
·                From Vision to Financial Plan
·                The link between Vision, Strategies and Operational Plans
·                What is Finance management
·                Learn, Measure and Grow
·                Value creation, eliminating waste & creating flow
·                What are the 5Rs

MODULE II. Fundamental Accounting Concepts Explained

·                Back to Basics
·                What is financial accounting all about
·                Tools
·                Essential Financial management terminologies and tools
·                Real time quantitative insight to the performance of business processes
·                Enable the management to make corrective action and be in control of the processes

MODULE III. How to read, analyze and interpret the Financial Statements

·                What are the major components of the financial statement
·                The relationships, usefulness and limitations of each components
·                Real world class cases 
·                What to look for 
·                Story beyond numbers
·                Major Financial & Non-Financial Ratios
Real cases - Exercise

Day 2:

MODULE IV. Holistic Approach

·                The 6Ps
·                Vision & Strategies
·                Looking beyond numbers for completeness and holistic approach
·                Unleashing team potential
·                Cause and consequences
·                Growing your leadership and lean practices   
·                Aligning with Your Business Objectives
·                From Effectiveness to Greatness

MODULE V. Qualitative Aspects

·                Integrity
·                Culture of empowerment
·                Core competencies vs capabilities
·                Energy
·                Intelligence
·                Multi-dimensional perspectives

MODULE VI. Big Picture

·                Alignment the required behaviors with your business objectives
·                Business acumen
·                Sustainable Shareholders’ value
·                Role in big picture
·                Learn, measure and grow
·                Pursuit of perfection
Real Cases illustration

MODULE VII. Other key Considerations

·                Cash is King
·                What is C.C.C
·                What is FCF
·                Transformation Plans
·                Appropriate Business mindset
·                Adaptability
·                Opportunities
·                Key Drivers
·                Priorities
·                Response to the changes appropriately

Games

Sum Up/ Q & A

Key take-back messages 


END OF DAY II