The importance of management knowledge can be easily understood in the light of two statistics: in 2019 about 10.900 companies were declared bankrupt in our country and more than 50% of companies disappear within 5 years that follow their creation.
These figures represent a considerable waste of human and financial capital.
These failures are always due to management errors. They are often attributable to a poor appreciation of financial constraints: overestimation of turnover, underestimation of expenses and capital requirements, excessive debt. The weaknesses of the marketing strategy also explain the many disappearances of companies: superficial or non-existent market and product studies, unfortunate choice of distribution channels, inappropriate advertising strategy.
The evolution of laws also testifies to the increasing importance of management knowledge.
The program law for the promotion of independent enterprises of February 10, 1998 (Belgian Monitor of February 21, 1998) provides that any small or medium-sized enterprise, natural person or legal person, which wishes to exercise an activity of a commercial or artisanal nature must demonstrate basic management knowledge. The King may, by decree deliberated in the Council of Ministers, extend this obligation to other independent activities.
Thus by the facts and the laws, the knowledge of management has become an important subject, mainly at the level of small and medium-sized enterprises. Let us not forget that the latter represent more than 50% of employment.
The content of the training and the acquired knowledge
We wanted to design the management knowledge course as a progression with three stages.
In the first volume, devoted to the study of the legal and economic environment in which the company operates, the material is presented in a fairly classical way. The learner must make an effort to assimilate the terminology and concepts revolving around business management before being able to apply to management and then dialogue with the business partners.
A greater participation of the candidate in the creation of a company will be necessary in the second volume which was conceived as a manual.
The understanding of accounting logic both in terms of its ends and its means cannot be conceived without practical learning. This is the reason why the learner will very often be led to a reflection allowing him to discover this logic.
This second volume consists of two main parts with different goals.
The study of simplified accounting aims to allow the future self-employed to manage their accounting in order to meet tax obligations. In the second part, the theory and the exercises aim to provide a summary vision of the complete accounting so that a constructive dialogue can be initiated with the many partners of the company.
Finally, arrived at the third volume, the learner must be able to apply himself to the management and to turn to the outside world.
This new dimension explains the somewhat different presentation of the material. Case studies are offered as well as addresses allowing future entrepreneurs to obtain valuable information and collaborations.
Official diploma of the Wallonia-Brussels Federation, recognized in Belgium and abroad.