Unit 3: Management of Financial Resources and Performance
Learning outcome: 1. Critically consider the impact that resource decisions have both internally and externally on an organisation‘s performance and effectiveness. Indicative content: Identify the need for resources within a strategic plan. Identify and appraise methods by which resources are allocated and controlled effectively and efficiently within strategic implementation (such as budgeting, measurement, and control systems). Develop strategies for identified resource gaps, for example human resources, finance and facilities etc
Learning outcome: 2. Critically evaluate, appraise and analyse financial data, techniques and tools to aid decision-making in business strategy and planning. Indicative content: Identify and evaluate alternative sources of finance available to organisations. Calculate an organisation’s cost of capital and use to evaluate capital projects. Evaluate strategic investment opportunities and financially appraise alternative strategic proposals. Appraise the role of treasury management in the financing and control of working capital. Critically debate the tensions between financial and strategic objectives
Learning outcome: 3. Evaluate, appraise and analyse international aspects of financial strategy. Indicative content: Appraise the role and importance of the international financial environment and financial markets. Identify and analyse the different financial risks of operating in an international market. Evaluate international investment decisions. Evaluate financing options for multinationals and overseas subsidiaries.
Learning outcome: 4. Identify and critically assess the management and performance of tangible and intangible resources in business strategy and planning. Indicative content: Identify and map the key processes and activities of an organisation and use these to reduce and re-engineer processes to improve resource efficiency and effectiveness. Benchmark an...
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