Finance for Strategic Decision Making

Learn how operational decisions impact the financial performance and profitability of the enterprise in this Penn State Executive Program. Leverage financial tools to evaluate strategic options and integrate critical information into key decisions that affect the performance of your organization.

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  • When Dec 10, 2018 to Dec 12, 2018 (America/New_York / UTC-500)
  • Where University Park, PA
  • Add event to calendar iCal

Session Date: December 10-12, 2018 or May 6-8, 2019

Program Objectives

Regardless of job function, if you are in a leadership position chances are that you are also responsible for financial policy. Through Finance for Strategic Decision Making, you will learn how the impact of your financial decisions affects the performance of your unit and profitability of your organization. You will gain a better understanding of finance and accounting concepts for the competitive edge necessary for your organization's growth and success. You will leave this program with improved general financial knowledge and communications skills, and an in-depth understanding of the impact your decisions have outside your functional area.

Who Should Attend

This program is designed for those charged with creating and implementing strategy and developing organizational capability. It is ideal for those with functional and general management responsibilities who seek to enhance their strategic leadership effectiveness. The participant may or may not have direct reports but is in a position of strategic influence in the enterprise or business unit. Prior knowledge of finance is not necessary.

EARN A CERTIFICATE
This course is an option for those pursuing the Professional Certificate in Strategy and Organizational Performance from Penn State Executive Programs.

Program Benefits

You will have the opportunity to build your own "financial toolbox" with essential financial analysis tools, sources of financial data, and evaluative processes and enablers that can be applied to your specific needs. Take-aways include:

  • Understanding financial statements
  • Communicating comfortably using financial terms
  • Using financial forecasting techniques
  • Evaluating performance through financial modeling using spreadsheets
  • Understanding how to apply the time value of money and valuation approaches in making financial decisions
  • Improving organizational performance

Program Content

The intent of Finance for Strategic Decision Making is to create unique value for you and your organization with a particular focus on:

Financial Statements and Analysis

  • Income statements, balance sheets, and statements of cash flow
  • Performing ratio analysis to gauge performance and growth

Financial Evaluation

  • Understanding key financial concepts such as margins, turnover, and growth rate measures
  • How to apply the above concepts to evaluate your firm, your competitors, and suppliers
  • Internet-based sources of information to perform financial analysis

Financial Concepts

  • Using asset pricing models to evaluate risk and return trade-offs
  • Alternative measures of performance and how to use them to evaluate investments
  • How to compute and use the cost of capital

Understanding Key Strategic Financial Management Decisions

  • Capital budgeting
  • Capital structure
  • Working capital management

Valuation Principles

  • Applying valuation principles to capital investment decisions
  • Understanding alternative approaches to valuing investments and evaluating risk
  • Evaluation methods for mergers and acquisitions

Capital Markets

  • Hands-on experience in the Rogers Family Trading Room to gain an appreciation for markets

Global Financial Models

  • Foreign exchange exposure
  • International capital budgeting

PENN STATE EXECUTIVE PROGRAMS VOICES
“I came to the Finance for Strategic Decision Making filled with apprehension. I’m an Operations person, and I dreaded the thought of 3 days of finance! Within the first 5 minutes, my apprehension dissolved. The material was relevant to my areas of concentration and was presented in a realistic way that I could relate back to current activities I work on every day. It is clear the goal is not to make you a finance expert, but to enhance your financial skills within your area of expertise.  I would highly recommend this course for anyone that may need a boost in their financial understanding.”
- Nicole Barrick, Director - Global Manufacturing Services

Faculty Leaders

The program is taught by faculty leaders with extensive backgrounds in research, consulting, and educating executives.  Each brings to the classroom best-practices and implementation processes for achieving world-class results.

Faculty Director

Dr. Chris Muscarella, Professor Emeritus of Finance, Smeal College of Business, Penn State

Faculty Leaders

Dr. David Haushalter, Associate Professor of Finance and Academic Director of the Rogers Family Trading Room, Smeal College of Business, Penn State
Mr. Kenneth Pasch, Instructor in Accounting, Smeal College of Business, Penn State

 

Reservations

Our enrollment coordinator will be happy to hold a seat for you in this program. A reservation does not commit you to the program until you submit the registration form online.
Questions? Please call 800-311-6364 or 814-865-3435

Related Programs

Finance for Strategic Decision Making is part of a series designed to help you develop the holistic leadership skills necessary to deliver results and bring value to your organization.  Complete these other programs and earn a Professional Certificate in Strategy and Organizational Performance.

Strategic Leadership provides senior leaders with the perspective to develop strategy and lead change in the organization. You will examine your business environment, determine opportunity, and enhance organizational capability to innovate and impact performance. 

Leading in Complex Organizations develops an integrated approach to strategic, financial, and performance management. Benefits those charged with strategy execution and overall performance of the business unit. 

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Fees

NEW TIERED PRICING! We have modified our rates to provide you with a choice in accommodations. The new program fee of $4,150 covers tuition, materials, lunch, breaks, and the group dinner only. You may select our traditional meals and lodging package (for the Nittany Lion Inn or The Penn Stater as program dictates) for an additional $600. If booking your own hotel, you are responsible for your lodging, travel to and from the program, and "on your own" dinners. 

Active military personnel, PSU alumni, and teams of three or more attending this program from one company are eligible for a 20% program discount.