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| FINA0073-1 | Management control and corporate strategy seminar
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| Duration : | 30h Th |
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| Number of credits : |
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| Lecturer : | Anne Chanteux, Nathalie Crutzen |
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| Coordinator : | Anne Chanteux |
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Language(s) of instruction :
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| French language |
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Course contents :
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| PART "STRATEGIC MANAGEMENT"
- Presentation of the general economic context
- Introduction to the basic concepts related to strategy
- Section 1: Strategic Diagnosis (environmental and internal analyses, SWOT analyses and key success factors)
- Section 2: Strategic Formulation (strategic scenario's, generic competitive strategies, corporate strategies and growth modalities)
- Section 3: Implementation
PART "MANAGEMENT CONTROL"
- Elaboration of standard costs (materials, labor, other costs)
- Elaboration of budgets
- Financial management control : Comparison between actual costs & standard costs, realizations & budgets, calculation & analysis of variances
- Operational management control : management charts and performance index
- The balanced scorecard : performance measurement tool and strategic management
- Evolution of the role of management accounting within the company |
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Learning outcomes of the course :
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| PART "STRATEGIC MANAGEMENT"
At the end of the course, students should :
- Understand the global economic context in which companies operate
- Master the basic concepts related to strategy (mission, vision, business units, SWOT, PESTER, PORTER, etc.)
- Be able, on the basis of a concrete case study, to make a complete strategic diagnosis, to elaborate several strategic scenario's and to explain how he would implement the selected strategic proposal.
PART "MANAGEMENT CONTROL"
At the end of the course, students should be able to :
- explain the elaboration & role of standards & budgets
- elaborate & analyze a management account with variance
- define management charts and determine performance index
-replace management control in the global content of the company with a link to strategy & operational activities |
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Assessment methods and criteria :
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| Individual written exam |
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Contacts :
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| PART "STRATEGIC MANAGEMENT"
Nathalie CRUTZEN
PhD in Business and Economics, Accenture Chair in Sustainable Strategy, HEC-Management School of the University of Liège
Rue Louvrex 14 (Bâtiment N1 - Bureau 104), 4000 Liège
Tel : +32 (0) 4/232 74 33
Email : ncrutzen@ulg.ac.be
PART " MANAGEMENT CONTROL " :
CHANTEUX Anne
UER Finance, Comptabilité et Droit
HEC-Ecole de gestion de l'ULg
Rue Louvrex, 14
4000 Liège Bât. N1
Room 304
Tél: +32 4 2327261
Email: Anne.Chanteux@ulg.ac.be |
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