Early Warning Management is a new methodology aiming to alert the Management that a Company Value (e.g. Sales), which up to now seems normal, has entered a deterioration path. Similarly, Management is warned if something, which was in bad condition has entered an improvement path. Sales, since it is the most important Company Value, will be used as an example during the presentation of the course. Nevertheless, EWM can be used to analyze the whole organization, or independently used for some Business Units or some product families.
By the end of the course, participants will be able to:
- Understand the principles of Normality, Threat, Opportunity and threat Dynamics
- Analyse Company Values to its inherent affecting factors and parameters
- Detect incoming Threats which can cause a Company Value (e.g. Sales) to decline
- Detect an incoming Opportunities, which if properly exploited, can lead to an improved outcome
- When the company is in decline, identify and assess conditions which could lead to an improvement or even to getting out of the crisis period.
- Establish a unique control point for all information and procedures related to a specific Company Value, which will allow a better organization in that area.
- Support the decision making process and any related action plan
Who should attend
This course is ideal for either managers who are or may be involved in any level of decision making or employees who may, in the course of their normal duties, be called upon to take up a position in this decision making process. Alternatively, the course would suit anyone within the company who wishes to understand the principles of Early Warning Management.
Definitions & Basic Principles
What is a Threat – What is an Opportunity – What is Normality –
Definition & analysis of Threat Dynamics – Examples – Company Values
Company Values Analysis
Which are the Company Values –
How to measure them – How to measure non-quantifiable elements
Factors & Parameters
How to define affecting factors – Definition of parameters per factor – Types of parameters – Basic Principles of a monitoring system for these parameters – Search of information within the company
Complexity of an Early Warning Management System
Review of constraints – Identify interlinks between parameters and by extension between factors
Setting up Alert limits
Who is responsible – Criteria to be used – Sensitivity Analysis – Suggested procedure to follow
Relation of Early Warning Management to Risk Management
Basic principles in Risk Management –
Differences and Similarities –
Relation of Risk Management and Early Warning Management
Benefits and Advantages for the Organisation
Benefits involved in the adoption of an Early Warning Management System (direct and indirect)
This interactive training course includes the following training methodologies as presented on the next column based on percentage of the total tuition hours:
Workshops & Work presentation
Case Studies & Practical Exercises
Videos, Sofware & General Discussion
The course instructor may modify the above training methodology before or during the course for technical reasons with no prior notice to participants.