The Executive Program for Prospective CFOs
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Sharpen analytical skills, effectively manage relationships with internal and external constituencies, and drive strategic direction to lead enterprise transformation and growth, while applying cutting-edge research to the most pressing problems facing finance executives today.
The role of financial leaders today has evolved beyond strictly crunching numbers. Finance officers must be strategic leaders, effective communicators, and risk managers. Chicago Booth has assembled an interdisciplinary team of faculty from the fields of economics, finance, accounting, strategy, and leadership to create The Executive Program for Prospective CFOs.
Led by Professor Randall Kroszner, the Norman R. Bobins Professor of Economics and former Governor of the Federal Reserve System, this program draws upon Booth’s global expertise in finance and strong focus on economic research to address the most pressing issues facing senior finance executives today. The program also includes keynotes from distinguished practitioners who describe how they have managed strategic challenges in their organizations.
Keynote speaker for 2016: Ray Young ('86), Executive Vice President and Chief Financial Officer, Archer Daniels Midland Company (ADM)
In a fireside chat with Professor Randy Kroszner, Ray Young shared key challenges he has faced, "things he wished he had known" before becoming CFO, and how the CFO role has evolved over time. At ADM, he oversees the company's treasury, tax, accounting, investor relations, financial planning, business development, and information technology functions as well as the captive insurance and ADM Investor Services organizations. Young is also responsible for strategic oversight of ADM's business in Asia.
During this program, you will:
- Identify critical attributes needed to create a high-performance environment that will drive innovation and financial results.
- Learn practical strategies to communicate effectively in good times, in times of crisis, with customers, suppliers, credit rating agencies, investors, and the media.
- Effectively articulate the corporate message internally and externally.
- Analyze powerful patterns in strategic thinking and apply a strategy framework to identify a logical path for growth.
- Evaluate portfolios of projects and businesses to inform strategic decision making and operational management.
- Develop a strategic plan for M&A execution and implementation.
- Understand what drives differences in the cost of capital around the world, the impact on capital budgeting, and the valuation of international investments.
- Analyze the sources of financial fragility and the regulatory responses that are fundamentally reshaping financial markets and undertake strategic risk management in this changing environment.
- Understand the role of a leader and learn which attributes are most critical to creating high-performance environments
Straight Talk in Tough Times
- Learn how to get your message across to stakeholders and media
Evaluating Global Investments and the Cost of Capital
- Adapt capital budgeting to global opportunities
- Assess global risks and compute the cost of capital
Strategy Formulation and Implementation
- Develop simple tools that can be used when creating strategies
- Apply this strategy framework to identify a logical path for growth
Big Data and Marketing Analytics
- Understand the meaning of Big Data and Marketing Analytics
- Learn how optimal marketing decisions and investments are made
- Discover the scientific power of data analysis in marketing decision-making linked to higher ROI
- Master the right questions to ask and make your marketing team accountable in the data-driven age
- Strategic Communications Management
- Manage investor base and quarterly earnings releases
- Payout policy and signaling: dividends and repurchases
Strategic Risk Management and Financial Fragility
- Analyze sources of financial fragility and regulatory responses reshaping financial markets
- Learn components of effective risk management
- Set and adjust priorities, manage cash flow, and target a sustainable growth rate
- Choose an optimal capital structure
Acquisition Strategies and Merger Implementation
- The M&A process: strategy, valuation, and execution
The Entrepreneurial Leader: The Importance of Innovation
- Foster innovation that will lead to new growth
Who should attend
This program benefits senior finance executives who have significant experience in upper-level management or finance. This program will be valuable to executives from all industries and companies of all sizes from around the globe. Past Participants have come from companies such as The Dow Chemical Company, IBM, AbbVie, Express, Hyatt Hotels, and TOTO USA, Inc.
Applicants should have significant experience in upper-level management or finance.Titles include: CFO, deputy CFO, senior VP, finance director, treasurer, and controller.