Fundamentals of Finance for the Technical Executive
Duration: A Two-Day Program for Key Members of Technical Management
Location: Cambridge, Massachusetts
Cost: $2,900 (excluding accommodations)
Dates: Nov 12-13, 2013 | Jun 24-25, 2014 | Nov 11-12, 2014
In today's market, if you oversee R&D, product innovation, or technological implementation, you also deal with financial issues. As a technical executive, you must be able to use finance to persuade corporate financial officers to fund your projects, and you must be able to use financial tools to address senior management's concerns about risk. Applying basic principles of finance and accounting to your day-to-day and longer-term management activities will transform your ability to achieve your goals.
Fundamentals of Finance for the Technical Executive is designed to take the mystery out of finance. This interactive, hands-on program will teach you how funding decisions are made and how you can influence those decisions by applying financial principles to project evaluation and resource allocation. You will learn to assess projects for their potential economic value and to do discounted cash flow (DCF) valuations.
Using case studies and analytical exercises, MIT Sloan finance faculty teach this program to provide practical solutions to the financial problems you face every day.
Fundamentals of Finance for the Technical Executive covers three basic challenges:
(i) Understanding Basic Concepts of Finance.
(ii) Pivotal information about financial theory and the application of theory to real business decisions.
(iii) Acquiring New Project Funds.
(iv) How the company raises external funds, the basics of capital structure, and issues facing corporate finance.
(v) Evaluating Projects and Allocating Resources: How to Spend Money Effectively.
(vi) Key methods of investment evaluation and the practical implications of cost of capital, cash flow, and net present value.
Fundamentals of Finance for the Technical Executive has been especially designed for executives who manage project teams and departments, and technical professionals involved with R&D, product and software design, engineering, and other scientific and technical work. Past participants have included key members of technical management such as CIOs, chief technologists, head scientists, R&D and product development directors, engineering and manufacturing vice presidents, corporate strategists, project managers, and systems information managers. No advanced quantitative skills are required, but participants should bring calculators.