Who Should Attend
This course is designed for those individuals within Pharmaceutical, Biopharmaceutical, Medical Device and related industries who need a greater understanding of how financial issues impact the corporate decision making process. Those who require an understanding of costs, profitability, and the financial consequences associated with the day-to-day business decision-making process will benefit from this two-day course. Prior participants have included individuals from:
- Engineering
- HR
- IT
- Marketing
- Manufacturing
- Production
- Project Management
- R&D
- Regulatory Affairs
- Sales
- Supply Chain
Learning Objectives
This course has been developed to provide a greater understanding of how financial decisions affect the daily operations of companies involved in the pharmaceutical, biotech and medical device sector. Course content is intended to assist those with limited exposure to financial issues, but will also provide a fresh perspective for those with some experience. Attendees will gain a good overall understanding of the role that finance plays in the corporate decision making process, as well as, the interrelationship of the various functions of the business and their influence on bottom line profitability. Participants will be able to:
- Better understand the financial implications of business decisions
- Link R&D, operational, manufacturing and production issues with financial metrics
- Understand the most commonly used financial statements
- Increase their knowledge of how the intricacies of the market place affect the decision making process
- Make better financial decisions when developing operational strategies and increase their ability to influence the
company’s decision making process
Course Description
The content of this course will give each attendee a comprehensive introduction to business and finance. It covers the basics such as where cash comes from and how it flows through and leaves the business, the criteria required to make capital investment decisions, and how the business knows when it is successful in meeting strategic objectives. Real life business situations are introduced that directly reflect company specific performance and provide participants with an opportunity to apply new skills. The course director employs an interactive style, which will engage the participants and provide a lively atmosphere.