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Finance for Non-Financial Managers
Sensata Technologies entrusted The Business Institute with building practical financial skills among non-financial managers to enhance decision-making effectiveness and financial awareness in a dynamic business environment.
Successfully delivered for
customised
workshop
Goals
The Business Institute developed a bespoke workshop on finance for non-financial managers, tailored for various levels of experts, managers of teams, and project leaders, with a strong practical focus and advisory elements. Emphasis was placed on hands-on exercises to transfer the learnt skills directly into practice.
In addition to the training sessions, The Business Institute conducted a pre-training assessment of participants’ existing knowledge and a post-training evaluation to measure the achieved results. The workshop, in operation since 2015, has so far been attended by over 150 employees of the company.
Key objectives of the workshop:
Target audience:
The workshop was designed for non-financial managers and various levels of experts at Sensata Technologies, who play a role in making strategic and operational decisions related to performance and resource management. Participants also included team and project managers who often need to understand and interpret financial data.
In addition to the training sessions, The Business Institute conducted a pre-training assessment of participants’ existing knowledge and a post-training evaluation to measure the achieved results. The workshop, in operation since 2015, has so far been attended by over 150 employees of the company.
Key objectives of the workshop:
- Understanding financial statements and concepts (Balance Sheet, Profit & Loss, Cash Flows, Depreciation, Accruals).
- Applying principles for recognising revenues and expenses.
- Analysing and managing key financial metrics (EBITDA, Gross Margin, Net Profit).
- Identifying opportunities for optimising inventory and managing working capital.
- Creating financial value and evaluating investment projects.
Target audience:
The workshop was designed for non-financial managers and various levels of experts at Sensata Technologies, who play a role in making strategic and operational decisions related to performance and resource management. Participants also included team and project managers who often need to understand and interpret financial data.
Design
The "Finance for Non-Financial Managers" workshop was designed to provide structured and systematic training, combined with concrete examples and practical work tailored to Sensata’s operations.
Approach and structure of the workshop:
Approach and structure of the workshop:
- Pre-workshop assessment of knowledge and skills
- A practical orientation, with 40% of the time dedicated to solving real-life case studies from Sensata.
- Use of company-specific terminology, KPIs, and approaches to reporting and performance measurement.
- A focus on interpreting key financial indicators and metrics specific to Sensata.
- Pre- and post-training assessments to measure participants’ progress.
Results
The programme led to a significant improvement in financial literacy among Sensata’s non-financial managers, as reflected in the evaluation results:
- An increase in the understanding of both basic and specific financial concepts by over 20%.
- A marked boost in confidence and accuracy in applying principles for recognising revenues and expenses, with particular emphasis on managing inventory and working capital.
- Noticeable improvements in decision-making based on financial data, with enhanced skills in budget evaluation and interpreting financial reports.
- An increased ability to identify financial indicators and analyse business risks, contributing to better overall business management.
- A high level of adaptability when working with Sensata-specific financial metrics, demonstrating the effectiveness of the training in real-world conditions.
Facilitator
If you are interested in a similar programme, please leave your contact details so that we can get in touch with you.
High jumps are our business.
The Business Institute organises training through highly interactive and practical workshops, masterclasses, and comprehensive management programmes across various areas of business management. We provide bespoke training solutions and management consulting services.
The Business Institute organises training through highly interactive and practical workshops, masterclasses, and comprehensive management programmes across various areas of business management. We provide bespoke training solutions and management consulting services.
office@thebusinessinstitute.eu
+359882924710, +359894590530
23a Frederic Joliot-Curie Str.
Sofia 1113, Google Maps
+359882924710, +359894590530
23a Frederic Joliot-Curie Str.
Sofia 1113, Google Maps
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