Video-Enhanced On-Line Strategic Management and Strategic Cost Management

HRODC Postgraduate Training Institute
In Amsterdam (Netherlands), Durban (South Africa), Dubai (United Arab Emirates) and 7 other venues

£ 4,020 - (Rs 3,28,974)
VAT not incl.
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Important information


Limited Objectives: By the conclusion of the specified learning and development activities, delegates will be able to: Provide a succinct definition of strategy that demonstrates it conceptual internalization. Exhibit a heightened understanding of the 'Strategy Process'. Deconstruct Strategic Decisions, highlighting their major characteristics. The difference between strategy and strategic management, on the one hand, and operational management, on the other. Provide a contextualized definition of a Strategic Business Unit (SBU).
Suitable for: This course is designed for: General Managers, Managing Directors, Finance Managers, Strategic Planners, Chief Executive Officers (CEOs), Chief Operations Officers (COOs), Chief Financial Officers (CFOs), Senior Level Managers, Business Owners. Entrepreneurs, Cost and management accountants, Financial planners and cost analysts

Important information

Where and when

Starts Location
On request
Damrak 1-5, 1012, Noord Holland, Netherlands
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On request
South Sathon Road, 10120, Bangkok, Thailand
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On request
City of London
Kendal Street, London, England
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On request
Coral Deira Hotel, Muraqabat Street, Deria, Dubai, 82999,, 82999, Dubai, United Arab Emirates
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On request
Walnut Road, 40001, Johannesburg, South Africa
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Frequent Asked Questions

· Requirements

Degree or Work Experience

What you'll learn on the course

Strategic Management
Cost Management

Course programme

Course Contents, Concepts and Issues:

Understanding Strategy and Strategic Relations

  • Strategy: A Definition
  • The 'Strategy Process'
  • Characteristics of Strategy
  • Defining Strategic Management
  • Understanding Strategic Decisions
  • Implications of Strategic Decisions
  • Levels of Strategy
  • What Is A Strategic Business Unit?
  • Relating Strategy to an Organisation's:
  • Mission
  • Vision
  • Goal
  • Objective
  • Strategic capability
  • Strategies
  • Business model
  • Control
  • The Corporate Strategy Model
  • Strategic Position;
  • What Are Strategic Choices?
  • The Concept of Synergy
  • The Synergistic Effect of Strategic Alliance

Cost Management and Strategy: Conceptual Framework Concepts

  • The Use of Cost Management Information
  • The Issue of "Costing"
  • Creating Cost-Aware Organizations
  • Review of Some Key Cost Concepts
  • Product vs. Period Costs
  • Direct and Indirect Costs
  • Cost Behaviour: Fixed and Variable Costs
  • Problems and Examples

Different Approaches to Costing

  • Absorption (Full) vs. Variable Costing
  • Under-Costing and Over-Costing: The Consequences for Profitability
  • How to Refine a Costing System?
  • Activity-Based Costing (ABC) and Cost-Management
  • Cost Hierarchy and Cost Drivers;
  • Linking Resources, Activities and Management
  • Introducing Activity-Based Management (ABM)
  • Linkages between ABM and ABC - Monitoring
  • Value Creation
  • Fixed and Flexed Budget (Static and Flexible Budget)
  • Rolling Budget
  • Zero Based Budgeting
  • Activity Based Budgeting
  • Master Budget
  • From Costing to Budget: Interpreting Variances (Variance Analysis)
  • Integrating Continuous Improvement into Variance Analysis
  • Problems, Case Study and Exercises

Control Systems and Performance Measurement

  • Financial and Non-Financial Measures of Performance
  • Designing an Accounting-Based; Performance Measure
  • Economic Value Added (EVA)
  • Return on Investment (RIO)
  • Strategic Performance Measurement: Balanced Scorecard
  • New Role for Managers and Management Accountants

Achievements for this centre

Additional information

HRODC Postgraduate Training Institute is registered with the UK Registry of Learning Providers (UKRLP) of the Department for Business, Innovation and Skills (BIS), formerly Department of Innovation, Universities and Skills (DIUS).

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