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HR Professional Development Courses

BOLD Professional Development Courses have been specifically designed for BOLD members that would like to increase their value and strengthen their identity as an HR Professional. 

Financial Intelligence for HR: How You Can Add Value to Your Organization

The most successful HR professionals are those who are viewed by the executive team as understanding the financial side of the business.  Whether you're aligning your HR goals and objectives to the corporate strategy, promoting the value of manager training, or presenting to the board, this course will enhance your financial intelligence and strengthen HR's value within your organization.

Topics will include:

• Finance Foundation – Finance for HR professionals
• Budgeting – How to link HR budgets to corporate financial objectives
• Performance Metrics – Key HR performance indicators and their alignment to corporate strategy.
• Business Case – How to present HR initiatives that conform to financial selection criteria such as ROI, economic profit, shareholder value, etc.
• Creating Value – Communicating to the CEO/BOD how HR adds financial value to the organization

The course instructor, Francois Thrower comes to BOLD as a highly recommended Strategic Finance Consultant in the Life Sciences industry. 

You will walk away with:

• The ability to ask the right questions to your finance group
• Understanding how HR drives the overall long run value of your firm
• A Finance Primer that will help you align your HR objectives with the company's finance objectives

This course is for all levels of HR - from HR business partner to OD Directors to HR VP's.

Date:  May 7th
Time:  1:30 - 5:00 pm, (doors open at 1 pm)
Where:  Jazz Pharmaceuticals, 3180 Porter Drive, Palo Alto

Registration:

BOLD Member:  $120 per person
Multiple BOLD Members from the same company:  $90 per person

Click here to Register. 

Attendance is limited to the first 20 people that sign up.   Materials are included.   There will be no onsite registration.  Registration will end on May 6th at 5pm.  If you have any questions or concerns, please contact Mary Ann Ireland.

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Instructors Bio:

Francois Thrower has over 15 years of consulting experience to executives and managers on a worldwide basis in a variety of industries.  His areas of specialization are strategy evaluation, marketing analysis and financial modeling.  Much of his work has focused on the financial implications of managerial actions and building analytical frameworks to rigorously assess marketing and strategic choices.

In general, Mr. Thrower has:
• Facilitated strategic planning initiatives working with general managers to research, gather data and conduct analysis around strategically relevant issues.
• Integrated financial evaluation frameworks into the business case processes at Fortune 500 companies.
• Created and customized business simulations to reflect economic and industry dynamics for various clients
• Led client interventions in the areas of general strategy, lifecycle management, financial evaluation techniques and channel management strategy for technology clients.

Current and former clients include Genentech, Intuit, XOMA, Levi Strauss & Co., The Bechtel Group, Novartis, Hewlett-Packard, Standard Chartered, LSI Logic, and Boeing.  Mr. Thrower was formerly a partner at Strategic Management Group, Inc. and is a graduate of The Wharton School of Business.  Visit Francois' website for more information  www.StratModels.com 

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Directions:  Jazz Pharmaceuticals, 3180 Porter Dr., Palo Alto, CA  94304

From 101:  Take Oregon Expressway exit going west.  Drive 3.6 miles to Porter Drive;  Make a left on Porter Dr. and drive .3 miles to the building lobby; #3180.

From 280:  Take Page Mill Road exit going east.  Drive 1.4 miles to Porter Drive;  Make a right onto Porter Dr. and drive .3 miles to the building lobby;  #3180

About the Life Science Industry

For those that are not familiar with the Life Science industry, here's a primer written by MIT Doctoral Candidate Aziza Agia.

 

California’s Biotech Clusters:  Like other advanced knowledge industries, the biotechnology industry tends to cluster in areas with competitive advantage.  Most biotech research and production occurs in nine metropolitan “super clusters:” Boston; San Francisco Bay Area; San Diego; Research Triangle Park, NC; Los Angeles; Philadelphia; New York/New Jersey; Seattle; and Washington DC/Baltimore.

 

Within California, the biotechnology industry is clustered in three centers: the San Francisco Bay Area, the Los Angeles region, and the San Diego region.   The Bay Area is widely regarded as having the largest concentration of life sciences firms in the world.  The region’s leading life sciences association, BayBio, estimates that the nine counties and 101 cities comprising the Bay Area are home to 1,377 life sciences companies, employing 90,000 direct life sciences employees and 180,000 indirect employees, and paying $6 billion in wages.  The life sciences industry in the Bay Area has produced 449 marketed products, and has 492 products in Phase Two or Three clinical trials.  Moreover, Northern California is home to 34 percent of active U.S venture capital firms, a regional concentration that is among the highest in the world.  

 

San Diego County is also one of the nation’s major biotechnology centers.  While the biotechnology industry employs only one percent of all workers in the U.S., it employs 2.6 percent of workers in San Diego (Egan and Johnston 2006).  The region’s life sciences association, BIOCOM, estimates that the life sciences industry in Southern California employs more than 105,000 employees at more than 1,800 companies in 9 countries.  Moreover,  Southern California healthcare venture capital was $1.68 billion in 2007; the region also received more than $1.79 billion in research funding from the National Institute of Health.

 

The following table shows the number of companies in the state’ three major biotechnology centers based on the National Biotechnology Industry Committee definition:  

 

Table 1.7. Biotechnology Establishments by Subsector,Selected Regions,California, 2007

Subsector	Bay Area Establishments	Los Angeles Establishments	San Diego Establishments
Agricultural Biotech	178	288	125
Industrial Biotech	37	147	19
Medical Devices	126	103	36
Medical Equipment & Supplies	119	247	57
Pharmaceuticals & Related Manufacturing	109	159	73
Total	569	944	310

Source: Biotech Work Portal, www.biotechwork.org, Bureau of Labor Statistics, Quarterly Census of Employed Workers, Establishment Size Series.  Contains employment and establishments by NAICS industry.