The managing director or chief executive holds the responsibility for driving the company's performance in accordance with the overall strategy set by the board.

The Managing Director (MD) is accountable for designing, developing, and implementing the strategic plan of the company while effectively managing its day-to-day operations in a cost-efficient and time-effective manner.

The Role of the Managing Director course is specifically designed to provide you with the necessary tools and knowledge to fulfill this critical and complex role. By attending this course, you will learn how to align with the organization's broader corporate objectives, ensuring that marketing strategies are integrated with the overarching goals.

The course will cover essential skills for the Managing Director, including visionary leadership, workforce motivation, planning and forecasting, and developing strong financial acumen. By enhancing these skills, you will become a more effective director, capable of driving the company towards success.

Course Objectives:

By the end of The Role of the Managing Director course, you will be able to :

Development and implementation of the company’s strategy.
Leading and motivating a successful organization.
Effectively managing change at any given time.
Understanding the Managing Director’s position alongside and compared to the aims and objectives of the Board.
Successfully implementing company policy
Building and maintaining an effective management team
Assuming full accountability for the Board for all company operations
Maintaining a dialogue between Shareholders and the Board
Staying in control of the company’s finances.
Understand good corporate governance
Separating the roles of the Chair and the Managing Director.
Understanding the challenges of managing the strategic and operational responsibilities

Who Should Attend?

This The Role of the Managing Director course is ideal for:

The newly appointed Managing Directors, those aspiring to the role, or those looking to improve their performance with fresh insight from leading professionals.
The executives, managers, and senior stakeholders from across the public, private and not for profit sectors.
It is also appropriate for those who are currently operating at a different function across their organization, and are contemplating a Managing Director role in the future.

Course Outlines:

Exploring the roles and responsibilities of the Managing Director

The MD’s role in setting the direction of the business
Performance management and organizational development
Statutory obligations and governance
Financial control
Quality and process improvement
Public relations and marketing
Defining the organization’s mission and objectives
Creating a strategy / corporate plan
Engaging the management team in the development of operational and functional plans
Bringing the strategy / corporate plan to life

Developing Effective Systems

Defining and measuring KPIs
organizational design and building high-performing teams
Creating a performance management framework
Quality systems and process improvement

Building financial control

Developing a deliverable budget and scenario planning/stress testing
Setting and managing financial targets
Variance analysis and reforecasting
Establishing financial policies & procedures and building financial awareness within the organization

Managing in an Evolving Environment

Understanding the external environment
Competitive advantage through horizon scanning
Leadership thinking and its role within the organization and in public relations

Crisis Management in Action

Risk management and the balance between preventative and remedial control
Business continuity and disaster recovery planning
Responding to a crisis
Dealing with the media

The World of Leading in a Digital Age

The Fourth Industrial Revolution and its impact upon business
The changing profile of a successful leader
Approaches to innovation and considering new technologies
Managing relationships with the Board and with your teams in an uncertain world

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