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Feb, 28 at 11 am NY | 4 pm London | 12 am Beijing | Time Converter
This seminar is part of our special series System Dynamics for Business Innovation with Kim Warren. A series of nine webinars offering a deep dive into the application of System dynamics in Business. The sessions will explore strategic modeling techniques and their transformative impact across different business domains, from strategic management to IT systems planning and environmental impact. This series will reveal the potential of System Dynamics as a powerful tool for business innovation and complex decision-making.
Session 2
Overview
This session explains the aims of strategic management accounting (SMA) – giving senior leaders insight about how a business develops and performs, beyond just the financials – and the challenges faced by those trying to do so. This seminar will explain that strategic management covers many more responsibilities than simply building the business plan. It will show that Dynamic Business Models can very largely fulfill those needs, in an efficient, reliable and transparent manner. DBMs provide exactly the joined-up view of a business and financials that leaders say they want. (The session is supported by two substantial practitioner articles)
Learning Outcomes
Target Audience
This session is designed to provide practical skills and theoretical knowledge, making it valuable for professionals aiming to leverage dynamic modeling in strategic management accounting.
Kim Warren is an accomplished strategist with a wealth of experience in the business world. He spent 10 years in senior strategy roles, including as Retail Strategy Director at Whitbread PLC. Warren then transitioned to academia, teaching Strategic Management at London Business School for two decades. During his tenure, he developed a keen interest in System Dynamics, finding traditional strategy tools insufficient for modern business challenges. This led him to embrace and adapt System Dynamics, creating the Strategy Dynamics method. Warren’s method focuses on designing and managing business systems dynamically to adapt to changing markets and internal business conditions. He has authored influential books on the subject, including “Competitive Strategy Dynamics” and “Strategic Management Dynamics,” and has been recognized with the prestigious Jay Wright Forrester Award from the International System Dynamics Society, where he also served as president in 2013. Warren, along with his partner Christina Spencer, has developed a range of learning materials and courses to disseminate the Strategy Dynamics method, utilizing the Silico online modeling app to support this approach.
For more detailed information, you can visit his website here.
