Strategic Business Leader - I

Leadership

 Qualities of leadership-Role, Leadership traits, entrepreneurship and intrapreneurship, professional values; Leadership and organizationalculture- Leadership style, Impact on culture and ethics, Analyzing culture; Professionalism, ethical codes andthe public interest- Tucker 5 question approach, Social responsibility of accountants, combating corruption, ethical threats and safeguards

Strategy

 Concepts of strategy- Strategic decisions, Johnson, Scholes and

Whittington model;  Environmental issues-PESTEL, Porter’s Diamond, external key drivers of change, Assumptions of future environment; Competitive forces-Porter’s five forces, Porter’s value chain, opportunities andThreats, value networks; The internal resources, capabilitiesand competences of an organization- strategic capability, unique resources and core competences, threshold resources,SWOT, competitive advantage

Strategic choices- Strategic options, Potential and options, 7 ‘P’s, Boston Consulting Group, Ansoff matrix, methods of pursuing a chosen strategicdirection

Risk

1. Identification, assessment andmeasurement of risk- framework for riskManagement, Identify and evaluate the key risks, Assess attitudes towards risk and risk appetite, dynamic nature of risk, Risk assessment models,  ALARP

2. Managing, monitoring and mitigating Risk-  Role of a Risk manager, embedding risk in an organization’s culture, TARA, benefits of incurring or accepting some risk

Organizational control and audit

1. Management and internal controlsystems- Meaning, Need, Features, Effectiveness and Potential Weakness, Importance of sound internal control system, Changes to the system

2. Audit and compliance- need for an internal audit function auditor, independence, effective internal audit committee, appropriate responses to auditors’ recommendations

3. Internal control and management

Reporting- Need and contents of Report, Reliability of internal control for Financial Reporting

Professional skills-  Communication- cultural differences, compelling and logical arguments, simplify complex issues; Commercial acumen-organizational and wider external factors, key issues in determining how to address or resolve problems, insight and perception in understanding work-related and organizational issues;  Analysis- analytical techniques, analyze appropriate data sources; Skepticism- reasons for issues and problems, justifications and obtaining sufficient evidence;Evaluation- forecasts of the implications of external and internal factors, problems or when making decisions