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Macroeconomics For Strategic Decision Making

Monday, May 14, 2012
By A Business Correspondent

Forewarned is forearmed. The economy sends us signals of impending trouble. For example, the first signs of the Global Financial Crisis that affected the world economy were seen in 2005 – at least 30 months before the crisis erupted! And some firms did take the opportunity to change their strategy.

Fortunately, a good understanding of the macro frameworks for business can help us anticipate adverse changes. The data contains the direction. But interpreting the signs is an art.

This course trains you to look for signals from the economy and interpret them for your business. From manufacturing to financial services, from IT to aviation, if you routinely decide your firms strategy, or are linked to strategy making, this course will benefit you.

Macro Economics for Strategic Decision Making is a two day program designed to help:
•    Top Management appreciate the changes occurring in the global Macroeconomy and be able to understand and interpret the same in order to mitigate risk, develop growth plans, and make investment decisions, both locally and abroad.
•    Participants leave the program with a better understanding of analyzing the macro economic variables and its impact on business decision making. They will also be introduced to the new geopolitical realities and their impact on strategy.

Workshop Agenda
The two day workshop offers participants a clear understanding of:
•    Nature and behaviour of various economies
•    Recognizing and interpreting key economic trends like GDP, Inflation, Fiscal deficit, Interest Rates, Balance of Payments, Tariff and Quotas.
•    Macro Economic Policies like Fiscal Policy, Monetary Policy and Economic Policy
•    Interpreting RBI's weekly supplement and other RBI reports
•    Geopolitics of Economies and its inter-relationship with business strategy today
•    Tying Macroeconomics and Business Cycle
•    Dealing with external shocks
•    The balance sheet and macro factor volatilities
•    A framework for country analysis

Profile of Participants:
Since the workshop is aimed at developing an insight into the Macro Economic factors that affect a firm, it is best suited for CEOs, COOs, Business Unit Heads, Vice Presidents, Strategic Planning Managers, Consultants and Business Forecasters.

Methodology:
•    Lecture
•    Exercises
•    Simulation
•    Case Studies

Program Mentors
Dr. Rakesh Singh is the Director of Durgadevi Saraf Institute of Management Studies. Prior to joining DSIMS, he was Dean of School of Economics at NMIMS University and Director of Union Bank Center for Banking Excellence at Great Lakes Institute of Management. He is also the Founder and Chairman of Institute of Supply Chain Management, Mumbai. Dr. Rakesh Singh is consulting a large number of companies in the domain of business forecasting.

He is also a regular visiting faculty at Athens University of Economics & Business, IIM Kolkata, IIM Ranchi, Great Lakes Institute of Management Studies, Chennai, ISB and INSEAD. He is associated with Singapore Economic Development Board as a consulting Economist and has conducted a number of workshops for Indian corporates like L & T, Tata Motors, Crompton Greaves, HDFC Bank, Jindal Steel, ABB, DAMCO and many others.

Prof. V. S. Girish is a director at ISCM and Adjunct Professor of Finance (Risk Management) at Durgadevi Saraf Institute of Management Studies, Mumbai. Concurrently, he is the Group Editor of BFSINexT and CFONexT – two B2B media offerings for the BFSI and the CFO community. Girish has more than twenty five years of domestic and international professional experience, including 12 years in serving the banking and financial services sector. He has extensive domain knowledge in Treasury, Risk Management, Credit and Financial Modeling.

Girish is the founder and Co-Regional Director of PRMIA Mumbai.

Venue: 6th Floor, MDP Center, DSIMS, S.V. Road, Malad (W), Mumbai - 400 064

Time: 10.00 a.m. to 5.00 pm.

Date : 22nd & 23rd June, 2012

Programme Fee: The fees for the program (Including course material and lunch) is:

Per participant:
Rs. 15,000/+ Service Tax

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