Economic Value Creation Masterclass
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Target Audience
Business Owners, Directors, Managers, Administrators and Procurement Managers Programme Standards
- Maximum 8 attendees - 30 days of one to one support - Handouts - Programme director/s with at least a Masters Degree in the subject - Convenient morning timings or in-house at any time for a minimum of two bookings - Can be configured to address a number of professions and industry sectors Price
EUR495 ex VAT per participant. |
Economic Value Creation Masterclass - The Cost Cutting and Profit Maximisation Programme
- Are your profit margins being squeezed by cost increases or competition? - Do you have control on all your cost - are your fixed cost over 20% of your total costs? - Do you have a strategy to audit your cost base every year? - How often do you assess your costs base? This masterclass is aimed at helping attendees to take control of their cost base, assure all around cost efficiency and maximise return on investment. Topics Covered
Focus on Value, Not Delivery This module emphasizes the importance of shifting focus from mere delivery to creating value for clients. Participants will explore strategies to identify and enhance value propositions while maintaining cost-effectiveness. The session covers techniques to align business operations with client needs, ensuring that every product or service offered maximises client value. The C-O-S-T Audit Participants will learn how to conduct a comprehensive C-O-S-T (Cost Optimization and Strategic Thinking) Audit to identify and eliminate unnecessary expenses. This module teaches how to scrutinise all aspects of a business’s financial operations, uncover inefficiencies, and reallocate resources to maximise client value. Incremental Cost Reduction In this module, participants explore the incremental approach to cost reduction, which involves making small, continuous improvements over time. The concept of Quality Circles—groups of employees who meet regularly to discuss and solve work-related issues—will be introduced as a tool for implementing incremental changes. The module demonstrates how this method can lead to significant cost savings and process improvements without the disruption of major overhauls. Clean Sheet Process Redesign This module introduces the Clean-Sheet approach to process redesign, where participants learn to start from scratch to rethink and re-engineer business processes. The focus is on creating more efficient and effective processes that eliminate waste and reduce costs. Hiring Strategies without Compromising Quality Participants will delve into strategies for managing human resources—the largest expense for most companies—without sacrificing quality. The module covers techniques for hiring cost-effectively, optimizing workforce productivity, and creating policies that enhance employee value. Participants will learn how to balance cost and quality in recruitment, training, and retention, ensuring that each euro spent on HR contributes to the company’s overall value proposition. Maximizing Team Value This module focuses on strategies to get more value from existing teams in a cost-effective and motivational way. Participants will learn about techniques used by successful German and Japanese companies in both service and production sectors. Topics include fostering a culture of continuous improvement, enhancing team collaboration, and utilizing performance management systems that drive value creation without increasing costs. Supplier Negotiation and Cost Management Participants will learn how to challenge and negotiate with suppliers to secure better deals, thereby reducing input costs. This module covers advanced negotiation techniques, supplier relationship management, and strategies for creating a competitive supply chain. By the end of the module, participants will be equipped with the skills to renegotiate contracts and establish long-term partnerships that align with their cost and value objectives. Tax Efficiency Strategies In this module, participants will explore how to maximize tax efficiency and leverage specific tax measures to reduce overall business costs. The session covers legal and regulatory frameworks, tax planning techniques, and strategies for taking advantage of available tax incentives. Participants will gain a deep understanding of how effective tax management can contribute to cost reduction and enhance the company’s bottom line. Optimising Company Structure This module focuses on structuring a company in the "right gear" to maximize Return on Investment (ROI). Participants will learn about different corporate structures and how to align them with strategic goals. The session includes discussions on capital allocation, debt management, and investment strategies that optimize operational efficiency and cost-effectiveness. By the end of the module, participants will be able to restructure their setups to enhance value creation. Strategic Cost Control with the LID Model In the final module, participants will explore the LID (Limit, Integrate, and Differentiate) Model for long-term cost control. This strategic approach helps businesses keep costs under control while ensuring that value creation remains the priority. Participants will learn how to implement the LID Model to maintain a balance between cost efficiency and value delivery over the medium to long term, fostering sustainable business growth. |