Description

The system failed; it does not work. The system does not deliver as promised. Processes that used to work – suddenly blow up. Too often we work in an environment where one or more systems fail. We will discuss the two key causes why most business systems crash. What are the steps to take that will reduce system risk? Why do we unintentionally design systems that are doomed to fail? This session outlines multiple steps to reduce and hopefully eliminate system risks. Proper planning is essential. If you are a ‘Fix-it” person, then this session is for you.

Presented by The Knowledge Institute, LLC

Instructor: Don Minges, MBA

Target Audience

Corporate Financial Leaders, Corporate Financial Managers, CEOs, CFOs, Controllers, Board members, accountants, advisors, and Consultants.

Course Objectives

After attending this presentation you will be able to...

• Determine the common root causes that increase risk and cause systems to fail and the next steps to take to avoid business system failure
• Identify the two major reasons why many systems fail
• Analyze why we unintentionally design systems that fail, the trade-offs and management expectations

Subjects

• Why are Accounting and Finance Leaders skilled at analyzing broken systems?
• Open systems versus closed systems - which is better and why?
• There is no such thing as a perfect system, yet we still try!
  
• Lessons from US Navy SEAL teams
• What are some of the more common reasons why systems fail?
• How to plan for and avoid the two root causes of most system failures

Prerequisites

Participants should have at least six months of industry experience and a thorough knowledge of financial accounting principles and practices.