S - Sustain your businessMake your business avoid potential risk and achieve sustainable development
BossCamp “Sustain Your Business” helps students
(1) Measure the organization’s financial health and backup measurements;
(2) Analyze and manage risks in operations;
(3) Form business ethics.
BossCamp “Sustain Your Business” is conducted in the fourth stage of the main program for full-time students in Switzerland. The program will help to avoid business risks and orient to sustainable development through operational activities and business ethics.
The program also combines picnics, team coordination, and simulation games to maximize leadership and management capacity.
“Sustain Your Business” is implemented on a play-based learning model for both in-class and outdoor activities in Poland and/or Switzerland.
Tools of Financial Analysis
Learning outcomes
- Understand the importance of measuring financial performance
- Explore the financial position of organisations through the use of financial ratios
- Use key groups of financial ratios to assess financial performance
- Determine the financial stability of an organisation
Your Lessons
- Measuring Financial Performance
- Financial Ratios and Liquidity
- Solvency and Gearing
- Profitability
- Repayment Capacity
- Financial Efficiency
- Investment Ratios
- Summary
Risk Management for Entrepreneur
Learning outcomes
- Assess organisational risk maturity level to aid formation of ERM Framework
- Ensure the alignment of ERM policy to corporate strategy for holistic strategic planning
- Institute a ERM framework for effective risk monitoring and control
Your Lessons
What is Holistic Enterprise Risk Management (ERM) to BoDs
- Why ERM? What does it comprised of?
- Recognise the inter-relationship of ERM to Governance and Compliance
- High profile corporate failures due to mismanagement of ERM
- Impact to BoDs
Role of BoDs in Risk appetite, Risk Capacity, Risk Culture and Capital
- Scope of risk capacity and risk appetite of each organisation
- Impact of ERM to Capital Adequacy
- Instil ERM to form Risk Culture
- Key Take-ways for BoDs in approving risk appetite, risk capacity and instil risk culture
Behavioural Finance and its impact on ERM
- Top Management behaviour towards investment decision making
- The importance of behavioural finance and how it works
- Behavioural finance influencing top managements’ choices and decision making
- Role of BoDs in using behavioural finance on top management decision choices
Case Study:
Participants will apply behavioural finance techniques on case scenarios and understanding its impact on top management’s strategy selection and other investment decision making. Participants will be able to drawn concrete lessons learnt resulting in ability to balance impacts from rational and emotional behaviours of top management.
The ERM Framework and BOD Oversight for Effective Governance
- Risk Oversight by BOD
- Risk Oversight Perspective – Top Down, Bottom Up and Middle Approaches
- Roles and Responsibilities of BOD, CEO, Exco, Committee Charter
- Institute a Holistic ERM Framework
Ensure the Alignment of ERM to Strategic Planning
- Align ERM to Strategic Planning at strategic level
- Balance risk appetite with risk capacity at strategic planning level
- Categories the various risks at strategic or BOD level
- How to approve a Holistic ERM framework at strategic/BOD level
CASE STUDY
Participants will study a classical case study on how the ERM was misaligned to corporate strategy during the strategic planning process. They will identify key lessons learnt while drawing references to current global financial situation leading to best practices being formed and adopted.
Evaluate the Alignment of Business Risks to Business Planning for ERM Compliance
- Align business risks to business planning at business unit levels
- Empower risk owners – how to determine such personnel and enforce ownership
- Establish committee charter and reporting structures
- Key strategic controls for BoDs to impose on ERM policy
Establishing Key Risk Areas and Key risk indicators at BOD level
- Learn how to build effective key risk areas (KRAs) and key risk indicators (KRIs).
- Align KRIs to KRAs
- Ensure KRAs link to Corporate Objectives at Strategic/BOD level
- Assign KRIs to C-suite executives and record in personal performance targets
CASE STUDY
Participants will be given a case study to identify the misalignment of business planning to business risks resulting in financial losses. They will also discuss on the various ways to mitigate such ERM risks and design proper communication channels as well as effective risk control mechanism.
Governance in ERM Framework
- Take ownership of Risks by BOD, CEO and Exco
- Responsibility to stakeholders by BOD and CEO
- Implement the importance of accountability in conjunction to Balanced Scorecard
- How to reward the “right” behaviour and “discourage” the non-compliance
- Implement the whistle-blowing policy
Cascading the ERM Process from Top Management/BOD levels
- Stakeholders interest in risk & measuring the benefits
- Breaking down Key Risk indicators (KRI’s) at corporate/business level into Key Performance Indicators (KPIs) for individuals
- Manage and Instil Risk Culture for competitive advantage
- What to sign off on ERM related reports and types of key risks controls
Culture and Ethics
Learning outcomes
- Describe organisational culture and analyse aspects of it in the workplace.
Identify your organisation’s stakeholders, and analyse their expectations and influence. - Compare different ethical perspectives and discuss how they may all be used when making decisions.
- Explain the relevance of corporate social responsibility for today’s organisations in relation to social, environmental and governance issues.
Your Lessons
- Organisational Culture
- Stakeholders
- Acting Ethically
- Corporate Social Responsibility
- Summary
Who can join?
- Students majoring in Business Administration at the Swiss Institute of Management & Innovation.
- Students of other majors (Aviation Management, Hospitality Management, Finance & Banking) can only participate after completing the consultation process and making commitments about training and career development roadmap with SIMI Swiss.
- Students of global partners of SIMI Swiss’s Authorization System only can participate after completing the consultation and test of SIMI Swiss.
Entry Requirements
- Completing the foundational subjects of the first year of the Bachelor’s Program at SIMI Swiss
- Students studying the 1+2 Program must complete the five platforms (Foundation Diploma) or equivalent to Level 3 Diploma of EQF (European Qualifications Framework).
Tuition Fee:
- Full-time students of the SIMI Swiss are eligible to participate for free if they meet the entry requirements.
- Students of global partners will be applied to the BossCamp tuition policy of each country.
Accommodation and living expenses during the BossCamp Program:
- BossCamp is implemented in Poland with the support system of UITM- the top-ranked university in Poland.
- Accommodation and living expenses will be applied to and collected according to UITM policy.
- SIMI Swiss does not interfere with fees or collect fees during the BossCamp Program implemented in Poland.