Lorman offers professional resources regarding COVID-19 and the 2020 Election

Live Webinar

60-minute live streaming program
  • February 17
  • 1:00 - 2:00 pm EST

Preparing for Change - A Planning Strategy for Your Business

February 17

Understand the issues and challenges ahead and prepare a framework for developing plans for change.

When an organization’s leadership is faced with the need to create change preparedness strategies and plans for finding a way forward in 2021 due to the impact of COVID-19, they want to do so in a way that ensures the viability and sustainability of the organization going forward. From lockdowns to transitioning to a remote workforce, 2020 presented challenges well beyond the control of individual enterprises.

This topic helps those leading or caught up in the planning for a recovery or their survival in 2021. This material will help participants to identify the issues and challenges ahead and provide a framework / simple process for developing their plans. If you find the planning process for 2021 daunting or intimidating then the take-a-ways from this topic can help ease the effort going forward.

Learning Objectives

  • You will be able to define the elements that feed the change preparation process.
  • You will be able to describe the financial and organizational elements that should be included in the change preparation process.
  • You will be able to identify key actions for creating preparedness plans.
  • You will be able to discuss why using a scenario based planning process is a viable approach.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

How to Prepare for Potential Changes
  • Adapting to a Material Reduction or Loss of Your Supply Chain.
  • Adapt to a Breakdown in Your Distribution Channels.
  • Surviving in the Face of a Prolonged Lockdown.
  • Planning via Multiple Scenarios
How to Adapt to Potential Changes
  • Identifying Change Points in Advance
  • Executing Around Common Denominators
Financial and Organizational Considerations
  • Cash Flow / Cut Backs
  • Workforce Impact (Growth – Reductions)
  • Scalability
  • Fixed vs Variable Costs
  • Monetization Opportunities
  • Market Caps - Debt Restrictions / Covenants
  • Top Line / Margins / Bottom Line
  • Systems and Infrastructure
Creating and Implementing a Strategy Driven Plan
  • Understanding the Process
  • Using a the Change Analysis Worksheet
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.2 including Management Services 1.2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.2 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Management Services for 1.2 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for business owners, CEOs, COOs, presidents and vice presidents, directors, managers, accountants and marketing professionals.

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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Michael R. Wood

Michael R. Wood

Michael R. Wood Advisory Services

  • Currently provides consulting and thought leadership to organizations in the area of strategic planning, business process improvement, change management, and stakeholder value improvement
  • Practice emphasizes all aspects of how to improve the way value is delivered to stakeholders
  • Conducts regular seminars and workshops in business process improvement, project management mastery and organizational change management for organizations like Penton Learning Systems and the California Society of CPAs
  • Creator of the Helix Method Author of the Helix Method series of Business Process Improvement Books
  • National subject matter expert on process improvement for www.projectmanagement.com, the world’s largest project management content portal on the web
  • In the early 2000’s served as the president of The Natural Intelligence Group, an organizational value improvement consultancy; in the late 1990s he served as the EVP of outcome management for the Corporation for Standards and Outcomes, an internet application service provider to the human services industry; and throughout 1990s served as CIO/VP of IT for Showboat Inc. a casino gaming & hospitality company
  • Served as an adjunct professor in Pepperdine University’s M.B.A. program and an associate professor at California Lutheran University
  • Considered an expert in business process improvement and project management throughout the world
  • Can be contacted at [email protected]
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Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 408010
Published 2021
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