Measuring and Improving Business Performance

4.5/5
  • Ivy League courses for Healthcare Professionals
  • Learn from Cornell University’s top minds
  • Globally diverse learning group
  • 3 month duration, 6 two week Courses, 6hrs per week
$2,700 USD*
Key Features
  • Developed by Ivy League Professors
  • Group Discussions
  • Scored Projects
  • Self-Assessment activities
Measuring and Improving Business Performance
  • Ivy League courses for Healthcare Professionals
  • Learn from Cornell University’s top minds
  • Globally diverse learning group
  • 3 month duration, 6 two week Courses, 6hrs per week

Course Description

You can’t manage what you can’t measure. This is why management reporting is so crucial to business success. But it’s not that simple. To make sound leadership decisions and meet strategic objectives, you must measure the right things. And by properly using and communicating business metrics, you can influence performance.

This certificate consists of six two-week courses. The program provides you with the tools you need to develop key performance indicators (KPIs) and reporting systems to improve the performance of managers and units all across the organization. You’ll learn to see your organization and solve business problems using the principles and vocabulary of managerial and cost accounting. Round out your business skills and steer your organization to success with MBA-level content from the Samuel Curtis Johnson Graduate School of Management at Cornell University.

The courses in this certificate will equip you to:

•  Create organizational strategies using the Balanced Scorecard, dashboards, and other tools
•  Ensure your measures of performance are capturing the right data and that you are interpreting it correctly
•  Determine if your pay-for-performance systems are really rewarding the outcomes and behaviors your organization needs. If they aren’t, find ways to modify what you’re doing to better serve your organization
•  Develop methods for improving profit margins
•  Use your organization’s capacity efficiently
•  Identify sources of inefficiency to help lower costs

Who should enroll in this certificate?

• Managers and leaders responsible for managing costs, margins, revenue, or efficiency
•  Accounting and finance professionals

 

Register Now to know more about this course

4.5/5
  • Course Duration
    3 months
  • Next Batch Date
    3rd February 2020
$2,700 USD*

*Statutory taxes and levies not included. Taxes will be applied on checkout. Rates may vary based on management discretion.

Key Features
  • feature
    Developed by Ivy League Professors
  • feature
    Group Discussions
  • feature
    Scored Projects
  • feature
    Self-Assessment activities
Course Outline
Module 1: Choosing the Right Performance Measures for Your Organization
  • This course introduces managers to the basics of measuring and reporting on the performance of your organization, whether it’s a for-profit business, not-for profit, or governmental organization.

    Course Description

    Choosing the Right Performance Measures for Your Organization introduces managers to the basics of measuring and reporting on the performance of your organization, whether it’s a for-profit business, not-for profit, or governmental organization. You will learn about the different types of reporting systems these organizations use, with a focus on performance reporting systems: the systems that lay out an organization’s strategy and report on how well that strategy is being executed. You will also take a detailed look at one of the most important tools for performance reporting, the Balanced Scorecard. The ultimate goal for this course is for you to be able to implement the Balanced Scorecard in your own organization.

Module 2: Aligning Performance Measures with Business Strategy
  • This online course explores the types and sources of measurement error, the use of causal models in analyzing measures of performance, and the differences between managing measures and managing performance.

    Course Description

    Performance reporting has three main aspects that managers must understand in order to implement it properly: 1. Managers must represent organizational strategy the way a scientist would, by identifying causes and effects and linking each cause and effect to a measure can be reported, discussed and improved upon throughout the organization. 2. Managers must understand the inherent errors in your measures of performance. You need to understand the nature of the errors and how best to address them. 3. Managers must understand how the performance measures you create will influence the behavior of others.

    This online course explores the types and sources of measurement error, the use of causal models in analyzing measures of performance, and the differences between managing measures and managing performance.

Module 3: Measuring and Motivating Performance
  • This online course will help you understand how to match forms of incentive compensation to your firm’s circumstances.

    Course Description

    Incentive compensation is one of the most powerful tools managers have to motivate and direct their employees—but like any powerful tool, it can cause great damage if not wielded carefully! This online course will help you understand how to match forms of incentive compensation to your firm’s circumstances, and identify and respond to incentive-strategy mismatches.

Module 4: Measuring and Improving Margins
  • This online course will teach you how to analyze the true cost of products and services that rely heavily on shared resources, common methods of reporting these costs, and devise reports that link reported costs to business strategy.

    Course Description

    Measuring and making sense of profit margins on an organization’s different products and services requires an accurate assessment of the true costs of delivering those products and services. This online course will teach you how to analyze the true cost of products and services that rely heavily on shared resources (often called “overhead”), how common methods of reporting these costs lead to distorted decision-making, and devise reports that link reported costs to business strategy in the most effective ways.

    This course provides students with an understanding of the basic tools organizations use to identify the total costs of the resources they consume, and allocate those costs to particular managers, products and services. These tools can be used to improve the overall effectiveness of the organization by:

    • Evaluating margins performance more accurately. • Charging costs to discourage the use of particularly costly resources. • Setting prices to ensure that each individual product or service is covering its costs. • Adjusting the mix of products and services toward those with high margins, and away from those with low margins.

Module 5: Managing Business Capacity with Activity-Based Costing
  • This online course explores one of the most challenging issues in measuring the margins created by individual managers, departments, products and services: allocating the costs that are incurred simply to provide productive capacity.

    Course Description

    The key to good managerial reporting lies in deciding which system best helps managers make better decisions, with the shortcomings that cause the fewest problems.

    This online course explores one of the most challenging issues in measuring the margins created by individual managers, departments, products and services: allocating the costs that are incurred simply to provide productive capacity. You will learn the pluses and minuses of investing in capacity, the creation of surplus, and the risks associated with fixed capacity costs help you assess and plan for economic downturns or increased competition. In examining the economics of your business, you will understand which costing systems best meet your needs.

Module 6: Measuring and Improving Efficiency
  • This online course introduces you to effective techniques for setting prices for the exchange of products and services between different units in a business.

    Course Description

    Measuring and encouraging efficiencies in different parts of an organization rely on accurately identifying and isolating the areas responsible for those efficiencies. This online course introduces you to effective techniques for setting prices for the exchange of products and services between different units in a business. The goal is to improve decision-making and to isolate each unit’s responsibility for the elements of business strategy under their control.

Course Outline
Module 1: Choosing the Right Performance Measures for Your Organization

This course introduces managers to the basics of measuring and reporting on the performance of your organization, whether it’s a for-profit business, not-for profit, or governmental organization.

Course Description

Choosing the Right Performance Measures for Your Organization introduces managers to the basics of measuring and reporting on the performance of your organization, whether it’s a for-profit business, not-for profit, or governmental organization. You will learn about the different types of reporting systems these organizations use, with a focus on performance reporting systems: the systems that lay out an organization’s strategy and report on how well that strategy is being executed. You will also take a detailed look at one of the most important tools for performance reporting, the Balanced Scorecard. The ultimate goal for this course is for you to be able to implement the Balanced Scorecard in your own organization.

Module 2: Aligning Performance Measures with Business Strategy

This online course explores the types and sources of measurement error, the use of causal models in analyzing measures of performance, and the differences between managing measures and managing performance.

Course Description

Performance reporting has three main aspects that managers must understand in order to implement it properly: 1. Managers must represent organizational strategy the way a scientist would, by identifying causes and effects and linking each cause and effect to a measure can be reported, discussed and improved upon throughout the organization. 2. Managers must understand the inherent errors in your measures of performance. You need to understand the nature of the errors and how best to address them. 3. Managers must understand how the performance measures you create will influence the behavior of others.

This online course explores the types and sources of measurement error, the use of causal models in analyzing measures of performance, and the differences between managing measures and managing performance.

Module 3: Measuring and Motivating Performance

This online course will help you understand how to match forms of incentive compensation to your firm’s circumstances.

Course Description

Incentive compensation is one of the most powerful tools managers have to motivate and direct their employees—but like any powerful tool, it can cause great damage if not wielded carefully! This online course will help you understand how to match forms of incentive compensation to your firm’s circumstances, and identify and respond to incentive-strategy mismatches.

Module 4: Measuring and Improving Margins

This online course will teach you how to analyze the true cost of products and services that rely heavily on shared resources, common methods of reporting these costs, and devise reports that link reported costs to business strategy.

Course Description

Measuring and making sense of profit margins on an organization’s different products and services requires an accurate assessment of the true costs of delivering those products and services. This online course will teach you how to analyze the true cost of products and services that rely heavily on shared resources (often called “overhead”), how common methods of reporting these costs lead to distorted decision-making, and devise reports that link reported costs to business strategy in the most effective ways.

This course provides students with an understanding of the basic tools organizations use to identify the total costs of the resources they consume, and allocate those costs to particular managers, products and services. These tools can be used to improve the overall effectiveness of the organization by:

• Evaluating margins performance more accurately. • Charging costs to discourage the use of particularly costly resources. • Setting prices to ensure that each individual product or service is covering its costs. • Adjusting the mix of products and services toward those with high margins, and away from those with low margins.

Module 5: Managing Business Capacity with Activity-Based Costing

This online course explores one of the most challenging issues in measuring the margins created by individual managers, departments, products and services: allocating the costs that are incurred simply to provide productive capacity.

Course Description

The key to good managerial reporting lies in deciding which system best helps managers make better decisions, with the shortcomings that cause the fewest problems.

This online course explores one of the most challenging issues in measuring the margins created by individual managers, departments, products and services: allocating the costs that are incurred simply to provide productive capacity. You will learn the pluses and minuses of investing in capacity, the creation of surplus, and the risks associated with fixed capacity costs help you assess and plan for economic downturns or increased competition. In examining the economics of your business, you will understand which costing systems best meet your needs.

Module 6: Measuring and Improving Efficiency

This online course introduces you to effective techniques for setting prices for the exchange of products and services between different units in a business.

Course Description

Measuring and encouraging efficiencies in different parts of an organization rely on accurately identifying and isolating the areas responsible for those efficiencies. This online course introduces you to effective techniques for setting prices for the exchange of products and services between different units in a business. The goal is to improve decision-making and to isolate each unit’s responsibility for the elements of business strategy under their control.

FAQs
1. Do I access the course through the regular page www.medvarsity.com?

On successful enrollment, your login credentials are provided through eCornell website, you will be using eCornell website www.ecornell.com to access the course and not Medvarsity Course Page.

2. Will Medvarsity be the point of contact for any queries during the course progress?

All communication post Course Activation will be from eCornell and not Medvarsity.
For any queries post activation of course, you can write to helpdesk@ecornell.com and they shall revert with appropriate guidance. eCornell Help Desk is staffed Monday through Friday, around the clock (Eastern Time zone).
Prior to Course activation, any queries can be directed to support@medvarsity.com. Bravo Team works Monday to Friday Timings : 9:00am to 6:00pm IST; 1 &3 Saturdays Timings – 9:00am to 1:00pm IST.

3. If in any case I'm unable to complete the course due to personal issues, will there be an extension?

There will be no extension of course after course expiry.

4. Can students from across the globe apply for these courses?

Medvarsity is authorized to enroll students from Bangladesh, Pakistan, Srilanka, Afghanistan, Saudi Arabia, UAE, Oman, Bahrain, Iraq, Kenya, Ghana, Nigeria, Tanzania, Myanmar and India.
Students from regions other than the above will need to visit www.ecornell.com inorder to enroll.

5. Are there any prerequisites for enrollment?

As these programs are professional development certificate programs, there are no prerequisites or formal admission processes required for enrollment.

6. Who can apply for this course?

Medical, nursing, and dental professionals involved in delivering clinical care, who hold or who aspire to administrative or managerial responsibilities can enroll in this course.

7. Do eCornell Certificate programs count towards accreditations?

Many of eCornell’s certificate programs count towards professional credits. eCornell has been approved for re-certifications for the following associations:
HRCI – HR Certification Institute (http://www.hrci.org/)
PMI – Project Management Institute (http://www.pmi.org/)

8. What is the mode of delivery/learning for these courses?

All courses in our certificate programs are taught 100% online through eCornell’s online learning management system.
Courses contain learning modules that feature interactive discussions, video / text lectures, quizzes, case studies, course projects, and a variety of online tools to ensure satisfactory understanding of subject matter.

9. Do the courses have a specific start date or can we enroll through the year?

eCornell courses normally start every two weeks. Please speak with one of our Admission Officers now for specific details.

10. Do you provide Installment facility to the aspiring students and how does it work?

Yes, you will be provided with 3 easy Installments and below is the pattern:
First Installment can be paid via CC Avenue, NEFT/RTGS, Cheque/DD at the time of enrollment. Your login credentials will be issued and First Two Modules of the course will be activated upon successful payment clearance.
Your next two Installments PDC’s should be couriered to the below Corporate Office Address:
Block B, II Floor,
Sanali Infopark, LV Prasad Marg,
Jubilee Hills, Park View Enclave,
Hyderabad, Telangana 500034
On successful clearance of Second Installment, your next two modules of the course will be activated.
Similarly on successful clearance of Third Installment, your last module of the course will be activated.

11. Will I get eCornell Certification?

The Business Excellence for Healthcare Professionals course is developed by the Dyson School of Cornell University. On successful completion of all 5 courses the final certificate is issued by Cornell University. All individual courses are certified by eCornell.

12. Will the Certificate be valid globally?

Yes, Cornell University is one of the Ivy League University and is recognized world-wide.

13. Do you support Placement post completion of course?

At this point of time we do not provide placement support to any of our graduates. From time to time, on request from recruiters and based on explicit permission from our students, we may share their contact details.

Next Batch Start Date 3rd February 2020

Course Duration

3 months
Register Here!

Accreditation Partner(s)

Available Payment Options

  • Credit Card
  • Debit Card
  • Bank Transfer
  • Loan