Chief Operating Officer (COO) Programme
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Chief Operating Officer (COO) Programme Course
Introduction:
The chief operating officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business.
The COO typically reports directly to the chief executive officer (CEO) and is considered to be second in the chain of command.
Most often, the COO’s role is to lead the group’s operation and logistics activities to transform the business into a cost-effective financial institution.
This Chief Operating Officer (COO) Programme explores the key skills, tools, and approaches needed to become a high-performing COO.
Course Objectives:
By the end of the Chief Operating Officer (COO) Programme training course, participants will be able to:
- In-depth discussion of the roles and responsibilities of the COO
- Understand how the role fits into the organization
- Introduction of various tools and methods for developing and using the best metrics to measure cost effectiveness, operating risk, profitability, customer service quality, etc.
- How to motivate and retain the right people
- Guidance in how to address internal political as well as practical challenges in executing the COO role
- How to communicate and report effectively as a COO
Who Should Attend?
Chief Operating Officer (COO) Programme is ideal for:
- Existing and aspiring COOs
- Head of Operations
- Risk Managers/Directors
- Control Function Managers
Course Outlines:
COO Roles and Responsibilities
- COO Role and Responsibilities – open to interpretation; kinds of COO, the definition is key to success
- C Suite Interactions
- Capability framework
- Leadership and influence
Organization and Governance
- Corporate Governance – International and UK Corporate Governance Codes
- Laws vs Governance
- Directors and Boards of Directors – Effective Boards
- Directors’ duties and responsibilities
- Working with non-executive directors
- Diversity in the Boardroom
- Legal Entity Management
- Enterprise Risk Management
- Regional Hub and Spoke Models
- Parent Subsidiary relationship
- Joint Ventures – challenges and management
- Family Firms
- Private Equity backed firms
Board Dynamics
- Why Boards malfunction
- Why executives fail
- The Board evaluation and review
- Role of the COO in working with peers
- High performing Boards
COO's Role in Strategy and Implementation
Formulating Strategy
- The Strategy Process
- What makes a good strategist
- Involvement
- Framework for process
- Delivering value
- Case Study: Strategy Process, good strategy vs bad strategy
- External analysis. Pestle,5 Forces
- Probability/ Impact
- Competitive landscape
- Stakeholder Power/Interest
- Key Success Factors and Capabilities, VRIN
- Developing strategic options
- Ansoff Grid
- Numerous other models
- Innovation, Blue Ocean
Joint ventures and alliances
- Acquisitions and mergers
- Acquisition strategy
- Why do so many fail
- Acquisition cases
- Working on an acquisition
- Implementation obstacles
- Integrating businesses
- Culture alignment
- Drawing a blueprint for implementation
- Strategy Implementation
- Obstacles
- Aligning Key Success Factors to KPIs
- Balanced Scorecard
- Board Dashboard
- Review process
- Having the right strategic conversations
COO's Role in Regulation and Reporting
- Rationale, types, and limitations of regulation
- Principle Regulators
- Key Issues and Regulatory Change
- Regulatory Reporting
- Compliance Processes
- Environmental reporting
- Ethics and social responsibility
- Partnering with the Regulator
