MDP on Finance For Non-Finance Executives offered by ISBM –
Operating managers, to be effective and result-oriented should be financially savvy, able to understand and present, drive and measure business plans in terms of financial figures, and communicate in a common ‘business language’ through financial figures. An introductory program on finance can be instrumental in enhancing the profile of operating managers.
The Management Development Program (MDP) on Finance for Non-Finance Executives at ISBM is a specialized learning initiative crafted exclusively for professionals aiming to strengthen their financial acumen and decision-making prowess in a non-financial managerial capacity. This program is designed to bridge the gap between financial concepts and practical application, empowering executives with the skills needed to comprehend financial data, interpret reports, and make informed strategic decisions.
Key Learning Objectives:
- Financial Literacy Enhancement: Develop a comprehensive understanding of financial terminology, principles, and practices, enabling non-finance professionals to confidently engage in financial discussions and analyses.
- Interpretation of Financial Statements: Learn to decode financial statements, balance sheets, and income statements, gaining insights into a company’s financial health and performance indicators.
- Strategic Financial Decision Making: Acquire the ability to assess financial implications in decision-making processes, considering factors like budgeting, investment appraisal, and cost control strategies.
- Risk Assessment and Management: Understand the basics of risk analysis, risk mitigation strategies, and their relevance in the context of business operations and decision-making.
- Financial Tools and Techniques: Explore financial tools and techniques relevant to non-financial executives, such as budgeting, forecasting, and financial ratio analysis, empowering better business planning and execution.
Finance cuts across levels and businesses and has a unifying influence. Further, operating managers need to be equipped with a financial decision-making tool kit that helps them to identify businesses to get into, make pricing decisions, decide on the product mix, identify areas for cost reduction, and make or buy decisions. This program MDP on Finance For Non-Finance Executives ISBM aims to meet the requirements of operating managers in different functional areas who would like to be well-versed in the introductory nuances of finance.