Course Name:
Cost Reduction Through Leadership
Date:24/09/2018 - 26/09/2018
Location:Cairo
Conducted By:
RTC
How Will I Benefit?
- The aviation industry remains volatile and marked by cost pressure, tremendous competition and performance excellence to meet the imperative of improving profitability.
- Profitability is a result of carefully balancing revenues and controlling costs. Yet creating new sources for revenues may be difficult to achieve, hence the focus shifts increasingly towards reducing costs at all organisational levels and units.
- This course will provide the participants with insights on how competent and applied Leadership will result in cost consciousness, cost efficiency and cost reduction. This course is based on case studies from the aviation industry and leading concepts from globally renowned authors and Business Schools (Harvard, INSEAD). Participants will be challenged with Leadership issues to be solved in teams or individually combined with numerous case studies and group assignments.
Who Should Attend?
- Heads of Business Units, Operational Managers, Senior Managers, Confirmed Managers, Supervisors & Specialists of medium to large sized units, Senior Supervisors from all business fields
Course Contents:
What defines Airline Leaders – what they do and what not:
- Qualities, Skills and Competencies of Airline Leaders
- The big five challenges of Airline Leaders
- Leading, coaching and educating teams and individuals to achieve cost performance
- How Managers become Cost-Leaders
- The Cost-Leadership-Value-Chain
- Case study and group assignment
Financial concepts and analysis:
- Fundamentals of Finance
- The main cost drivers of an airline
- Cost analysis in Operations, Commercial and Administration
- Tangible and intangible cost drivers
- Planning: from budget to cost control
- Case study and group assignment
Principles of Cost Reduction
- Cost-Leadership: from Vision to Business Model from Strategy to Implementation
- Review successful Cost Reduction practices of leading airlines
- How to conduct Manpower Planning, Contract Management and Outsourcing
- Define strategic Cost Reduction plans and chose appropriate mechanisms and procedures
- How to set Cost Reduction targets for Leaders, Managers and Supervisors
- How to balance cost reduction with safety, quality and customer satisfaction
- Planning and implementing zero-cost initiatives
- Review airline Governance to develop and improve cost culture
- Case study and assignment
Fees
Members:USD
0
Non Members:USD
1300