perfect pairings for managers – equitable cost allocation & strategic planning
TRANSCRIPT
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Manager Training for Business Operations
Perfect Pairings Part 3 of 3
One Stop LeaderShop® The Complete Manager Training Program
Presented by …
Your
Equitable Cost
Allocation Practice
Your
Strategic Planning
Practice
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Did somebody mention cost allocation?
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Just kidding. This is actually pretty important.
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If strategic planning is meant to secure your company’s future
viability, and …
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… cost allocation is a measure of affordability, then …
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… equitable cost allocation is a strategic imperative.
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And yes … we call it “equitable” cost allocation for a reason.
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Every business unit pays their share of operations and administrative cost ...
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… in a manner that is fair, reasonable, and consistently
applied.
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Without equitable cost allocation, your strategic plan
will be easy to write.
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… because your business might be out of business.
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Strategic Planning Practice
Equitable Cost
Allocation Practice
Tie your Strategic Planning Practice
… to Equitable Cost Allocation
Tie your Equitable Cost Allocation Practice … to Strategic Planning
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You know what to do.
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Your Equitable Cost Allocation Practice
Your Strategic Planning Practice
Deliver
A Set of Values
One Stop LeaderShop® The Complete Manager Training Program www.onestopleadershop.com
• An Equitable Cost Allocation method
should be … Logical Reasonable Explainable Consistently applied Updated periodically Minimally flexible
• Build the necessary capabilities for your Equitable Cost Allocation Practice. Analyst resources Database Training
Test your own affordability. Periodically evaluate outsourcing as a more cost-efficient alternative.
• Lay a foundation. Key business decisions will be made using your cost allocation calculations.
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Your Equitable Cost Allocation Practice
Your Strategic Planning Practice
Deliver
Increased Revenue
• Help your business leaders set competitive price points by reducing unit cost.
One Stop LeaderShop® The Complete Manager Training Program www.onestopleadershop.com
• Perfect your unit cost calculations:
Map direct cost for each transaction. Continually refine the processing
and overhead costs for each transaction.
Capture the accurate % ownership or
usage for each business unit.
• Talk to your business leaders. Learn the complexities – and limitations – of pricing strategies.
• Continually reduce unit cost through meaningful process redesign.
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Your Equitable Cost Allocation Practice
Your Strategic Planning Practice
Deliver
Decreased Cost
• Drive your operating cost to the lowest sustainable level.
One Stop LeaderShop® The Complete Manager Training Program www.onestopleadershop.com
• Take responsibility for operating cost: Practice zero-base budgeting Achieve +/- 3% budget variance Reforecast monthly No whining
• Base your Equitable Cost Allocation on run rate – the true cost of business operations.
• Continually reduce your run rate through meaningful process redesign.
• Become a best provider – highest quality business operations for the lowest cost.
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Your Equitable Cost Allocation Practice
Your Strategic Planning Practice
Deliver
Business Partnership
• Listen to your business leaders and respond enthusiastically. Win their trust.
One Stop LeaderShop® The Complete Manager Training Program www.onestopleadershop.com
• As an operations manager, it is your job to
drive quality and affordability.
• Help your business lines succeed.
• Think like an owner.
• Actively participate in discussions about entering or exiting businesses, product lines or customer relationships. Your Equitable Cost Allocation could be the deciding factor.
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You are competing for your company’s business support
business.
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Be the provider of choice.
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One Stop LeaderShop® The Complete Manager Training Program
Books and E-Books Featured Here …
Workbook (CD ROM)
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One Stop LeaderShop® The Complete Manager Training Program
Complete 14 Volume E-Book Links
Workbook (CD ROM)
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One Stop LeaderShop® The Complete Manager Training Program
Complete 6 Volume Paperback Book Links
Workbook (CD ROM)
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Intro i Leadership Principles Intro ii: Pillars of Business Operations List 1: Strategic Planning in Five Steps List 2: Service Quality Promises List 3: Secrets to Successful Hiring List 4: Cheap Training Ideas List 5: Performance Management Style Points List 6: Tips for a Successful Employee Survey List 7: Motivations for Managing Metrics List 8: Signs of Continuous Improvement List 9: Project Delivery Scorecard List 10: Rules for a Winning Budget Season List 11: Keys to Equitable Cost Allocation List 12: Vendor Selection Checklist List 13: Internal Control Wellness List 14: ABCs of Business Continuity
Lists for Leaders Series
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… advice for the career-minded beginner.
Lesson 1: Think Strategically Lesson 2: Follow a Set of Guiding Principles Lesson 3: Be a Responsible Corporate Steward Lesson 4: Care About Customers Lesson 5: Say It With Numbers Lesson 6: Manage Yourself Lesson 7: Redefine Professional Growth
How to Be a Great Employee Series
One Stop LeaderShop® The Complete Manager Training Program www.onestopleadershop.com
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Need solutions? … help has arrived!
Recent Graduate
Young Professional
Manager of Manager
C-Suite Executive
Leadership for the Time of Your Life Series
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Part 1: Service Quality
& Vendor Management
Part 2: Performance Management
& Employee Satisfaction
Part 3: Strategic Planning
& Equitable Cost Allocation
Perfect Parings Series
One Stop LeaderShop® The Complete Manager Training Program www.onestopleadershop.com
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