Organizations are facing an unprecedented number of challenges today, from the economic landscape to the dynamic market pressures. Tools that ensure that organizational sustainability and resiliency in this ever-changing economic eco-system, are a well-structured organizational architecture, control mechanisms, and an effective system of accountability. This POWER WORKSHOP will help you guide your organization to identify areas that need improvement, and make sure that they are able to respond quickly when changes do occur. Additionally, such a system will also help organizations become more efficient and cost-effective in their operations.

What you will gain in this workshop:

  • Generating diversified income is an important aspect of financial stewardship. It is essential as a leader to be able to comprehend how to develop sustainable and resilient diversified income streams that are able to withstand any unexpected economic down turns.
  • Stewardship is not just a concept of resource management, but taking the responsibility for the outcomes of actions to ensure the financial growth.
  • In today's rapidly changing economic climate, organizations must be prepared to face any challenge that comes their way. Desiging a resilient and sustainable organizations that is equiped to adapt and find opportunities operating in a dynamic economic environment.
  • Policy compliancy is a critical step for any organization to ensure that their operations are in line organization mission and objectives. With the growing complexity of the policies, it is becoming increasingly difficult for organizations to keep up with all the changes.

Sustainable & Resilient by Design

A synchronous online workshop designed to help financial leaders to understand the importance of desiging a sustainable and resilient organization. You will be provided with the tools necessary to  understand, apply, analyze, evaluate identify potential risks, and create strategies to mitigate risks essential for a healthy organization. 

June 19-23, 2023 at 9am-12pm. Seats are limited

 

 

Topics

Revenue Diversification Mgmt

Revenue diversification management is a key factor in the financial sustainability of any organization's survival. It involves sourcing funds from a variety of sources, allocating them to different areas of the operation, and ensuring that those funds are used responsibly and accountably monitored. 

Sources of Fund

Finding the right sources of funds are essential for any organization to grow and succeed. In this workshop we will explore a variety of options, including equity investments, donations, endowment foundations, and more. In addition to, we will discuss the pros and cons associated with each source of funding to help you make an informed decision.

Allocation of Funds

When it comes to allocating funds, it is important to consider the multiple aspects of your organization's business operations. We will be exploring earnings generation, branding, and other forms of investments that should be taken into account when deciding how to allocate organizational funds for financial growth. 

Cashflow Management

Cashflow management is essential for any organization to survive and thrive. We will explore strategies in managing the flow of cash in and out of every operation, ensuring that there is enough liquidity to cover short-term expenses and self-support for long-term investments. We will also explore working capital, which is the money used to finance day-to-day operations. 

Funding Policies, Procedures and Programs

Funding policies, procedures and programs are essential to ensure the success of any organization. We will be highlighting strategies on how policies and procedures must be regularly updated in order to keep up with changing market conditions, new funding opportunities, and attract more investors. 

Four Pillars of Financial Sustainability

The four pillars of financial sustainability are Financial and Strategic Planning, Income Diversification, Changing Policies, and Procedures to increase funding, and securing Reserve Fund. We will explore and discuss how the four pillars are a successful financial strategy that will ensure a long-term viable strategy for any organization. 

Operational Accountability 

Is your organization attaining their responsibilities to ensure that the organization they are governing is financially stable? Find out!

June 19-23, 2023 at 9am-12pm. Seats are limited

 

 

Organizational Structure

Organizational structure is the framework that defines how an organization's activities must be coordinated and managed. We will highlight how the allocation of power and responsibilities, as well as the supervision of employees within the organization can contribute to maximizes employee contribution to the organization.

Organizational Architecture

Organizational architecture is the foundation on which all other aspects of the organization are built on. We will dive into the three-legged stool model with the three legs representing decision rights, decision systems, and knowledge. The key to making well-informed decisions and to achieve the right desired outcomes.

Controls

Controls are an important part of any organizational operation. We will discuss how to have right controls in place, such as budgeting, work designs, reporting, situational report, and variance analysis. In addition, we will give strategies how these controlscan give you insight into performance of operations and making informed decisions.

For more info

June 19-23, 2023 at 9am-12pm. Seats are limited

For inquries and questions, connect with us:

Dr. Williams Peprah
Email: peprah@andrews.edu
Quentin Sahly
Email: sahly@andrews.edu

 

 

Day 1: Funds and Flow

  • Finding the right sources of funds
  • Equity
  • Debt
  • Donation
  • Endowment
  • The concept of free cashflow
  • Cash conversion cycle

Day 2: Diversify Your Revenue

Strategies for creating streams of income.

  • Product diversification
  • Customer diversification
  • Pricing diversifications

Day 3: Organizational Structure

  • Work Specialization
  • Span of Control
  • Decentralization
  • Centralization
  • Chain of command

Day 4: Four Pillars of financial sustainability

  • Financial and strategic planning
  • Income diversification
  • Sound administration and finance
  • Own income generation

Day 5: Organizational Architecture

The three-legged stool model.

  • Decision Right
  • Decision System

Dr. Williams Kwasi Peprah

Williams Kwasi Peprah, PhD, has worked for 20 years to transform financial institutions, manufacturing firms, a service firm, NGOs, educational institutions, and diversified ventures into financial sustainable organizations. He has worked in multinational organizations has given him a rich background in a lot of international experience. He is known for developing and implementing sound and ethical business sustainable and resilient models that make institutions debt free, profitable, and liquid. He has published scholarly articles from his experiences and investigations on financial sustainability, and organizational performance. He holds a PhD in commerce, majoring in accounting and finance, a Fellow and Chartered Financial and Investment Analyst, Member of Institute of Public Accountants, Australia, Associate Member of Institute of Financial Accountants, Australia, a Certified Investment Advisor in the Security Industry of Ghana and Ghana Stock Exchange, Certified Green Belt in Six Sigma for lean operations and Internal Auditor for Integrated Management Systems.

Williams Kwasi Peprah, Ph.D., MBA, BBA, CSSGB, F.cifia, AFA, MIPA
Associate Professor of Finance
School of Business Administration
Chan Shun Hall
215A 4185 E. Campus Circle Dr.
Andrews University
Berrien Springs, MI. 49103-0024

Quentin Sahly

Quentin Sahly, CPA, MBA, joined the Andrews University School of Business Administration in 2014. During the past nine years, professor Sahly has led the instruction of introductory accounting courses that are a fundamental part of the undergraduate experience. Professor Sahly also instructs upper-division accounting courses in Cost Accounting, Accounting Information Systems, and Not-for-profit Accounting. In addition, he also provides annual lectures for graduating nurses and physical therapy students. Other instruction experiences include Personal Finance, Small Business Administration and Entrepreneurship.

Professor Sahly brings a unique skill set to the Andrews University School of Business Administration. His 30 years of experience include Long-term healthcare administration, administration of the MBA degree program at Washington Adventist University, private school financial administration, and small business financial administration for manufacturing and service-related organizations. During his nine years of service at Andrews University, Professor Sahly has been awarded the Daniel Augsburger Teaching in Excellence Award. In addition to this distinction, Professor Sahly has been voted multiple times by business students for his excellence in teaching.  

Quentin Sahly, CPA, MBA
Associate Professor of Accounting
School of Business Administration
Chan Shun Hall
215F 4185 E. Campus Circle Dr.
Andrews University
Berrien Springs, MI. 49103-0024