Our Management Training Classes

By introducing our Management Training classes to your staff we help ease the negative effect of change on both managerial and supervisory personnel. The change in job responsibilities, the change in personnel, job duties, and the rising challenge of developing subordinates are specific goals of our learning systems classes. We are highly successful at helping Managers and Supervisors learn and adapt to the necessary skills and proper behaviors to be successful at work as well as in their personal lives.

For more information on our management training classes please contact us.

As a part of our management training classes, Managers and Supervisors will learn how to:

• Minimize the chance of miscommunication by understanding what people are really saying, and why
• Deal with difficult people, manage tense situations, and resolve conflict
• Make use of proven active listening skills to improve your ability to gain helpful information
• Be able to facilitate, guide, and close discussions in one-on-one or group settings
• Improve understanding and communication by giving and receiving good feedback
• Use ideas submitted by a member of the team without causing other members to be defensive
• Develop a comprehensive team building strategy that improves productivity of the whole team
• Emphasize the value of working toward common goals without devaluing individual accomplishment
• Define and set up a method to track staff activities
• Be able to manage time and work assignments effectively
• Conduct team meetings that capture and hold the audience’s attention
• Interview and hire the right person for the right job
• Save time and work more effectively through the use of a clear time management plan
• Understand and comply with proper hiring and managing requirements
• Communicate effectively with both superiors, peers and subordinates
• Become effective coaches for their work team
• Conduct accurate and difficult performance appraisals

 

Management Training Tips:
Factors to Consider in the Vendor Risk Assessment Process

Many financial management companies these days are relying on vendors to perform various services that they used to perform themselves in the past. When the company depends on vendors, they must engage in vendor risk management. The first step of this risk management is a vendor risk assessment for each potential vendor. When performing financial management risk management, there are many areas to look at.

The first area to consider is organizational financial management risk. This is an assessment of the personnel within the vendor's company. A good sign of a healthy company is a happy, stable workforce. When you look at the vendor, what do you see? Do the people seem to be staying with the company, or is there a lot of turnover among both the senior level people and the general population of workers? Are there layoffs? Are employees resigning voluntarily? Look at the highest levels. Are the president, chairman, and CEO all within the same family or even the same person? How many of the board members are from outside the company? Do other higher-level staff members have multiple roles as other employees leave? Probably the biggest financial management organizational red flag of all is if the senior executives are selling their stock.

The next area to assess is the financial area. How much financial management risk does the vendor present? In this area, it is important to look for patterns rather than just one or two risk factors. How much cash does the vendor have in the bank? What kind of credit rating do they have? Are they able to obtain financing or to negotiate a loan in order to make improvements to the business? Worst of all, have they ever declared bankruptcy? Take a look at their return on equity, return on investment, and return on assets.

Third is the support financial management risk. Again, layoffs of employees that perform the tasks for which you hired the vendor indicate increased risk that needs to be addressed by your company. Does this lead to a reduction in the level of service that you have become accustomed to and expect to receive for your money? Are skilled workers being replaced by new workers who lack the level and skill and support? Do you see other fellow-customers leaving your vendor? What do they know that you don't? Is their product quality falling, are there shortages of spares, and a lower level of support for their products?

Another important financial management risk to evaluate is the vendor's strategy risk. An assessment of strategy risk looks at the vendor at a higher level. Is there a change to the highest level set of directives that define the vendor's overall mission? Sudden changes to the directives can indicate unseen changes to alignment or a decrease in the depth of the vendor's vision. Keep a close eye out for sudden changes in the vendor's sales and marketing approach. Is the size of new deals declining? What about their vertical strategy or industry focus? Are you still comfortable with these?

Assessing the financial management risk associated with your vendors is a difficult task, but the health of your company depends on the health of theirs. 

Source: http://www.vendorinsight.com/ManageRisk.aspx

Subject: Financial Management

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