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Understanding Profitability: Managing Like an Entrepreneur
 Today's
business managers need to exploit creativity and innovation and think
like entrepreneurs in the confines of an established business. This
module helps participants understand:
- How to run their departments or work units
like small businesses
- How to make financial and strategic decisions
as if they owned the business
- How to become an effective and financially
astute business manager
AUDIENCE
Employees without a foundation in finance who needs to understand
the impact of their actions on the financial results of the organization.
FORMAT AND LENGTH
This module can be presented in two to four hours, depending on
participants' skill level and teaching objectives. The module includes:
- Break out groups to solve team
problems
- Discussion on techniques for team
development
- Exercises and presentations
- Practice sessions and role plays
COURSE MATERIALS
The participant's workbooks contain reference text
and exercises, are bound and three hole punched. The module is divided
into three sections, one for each phase of training: the Pre-Workshop
Assignment, the Workshop Material, and the Post-Workshop Action Items.
Participant's workbooks can be used for classroom instruction or on
a self-paced basis.
The leader's guide contains the same material as
the participant's workbook, with the addition of a section of introductory
notes, answers to exercises and explanatory margin notes. The leader's
notes contain tips and techniques on setting up and administering
the session, checklists, and other teaching aids. Other beneficial
components include:
- A listing of suggested videos
which complement the material.
- Notes which highlight key points,
provide tips for training, and detail competencies to be gained.
- Margin Notes on the workshop
materials which guide the leader through the material and indicate
when to ask questions, encourage discussion, use flip charts,
break into groups, and refer to specific material.
OBJECTIVES OF THE MODULE
By the end of this module, the participants
will be able to:
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Identify the need for profitability.
- Identify techniques
for determining work unit profitability.
- Use key ratios
more effectively.
- Identify ways of determining
customer profitability.
Merit Training Corporation
Phone: 800-677-1667
e-mail: info@merittrainingcorp.com
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