ONLINE BUSINESS SIMULATION PROGRAMS
Build better business acumen and financial literacy in employees remotely in just 4-6 hours with Income|Outcome online business simulations. Our online simulations are perfect for remote learning and development programs!
THE BENEFITS OF VIRTUAL TRAINING
Our facilitator-led, team-based simulation allows employees to participate from anywhere, allowing for international collaboration. Our online corporate training meets the needs of both work-from-home and hybrid office environments, making it accessible. Our online simulations are also perfect for online and remote learning and development programs. Virtual training also removes the need to travel and reduces employees’ time commitment. It is eco-friendly and perfect for companies with goals to reduce their carbon footprint.
HOW OUR ONLINE SIMULATIONS WORK
Our online corporate training simulations use a proprietary app paired with conferencing software and breakout rooms for remote participation and strategizing. It is best for 10 – 24 participants and is usually offered in 2.5 – 4 hour time blocks.
Our business simulation games help employees of all levels realize how their everyday decisions impact bottom-line results. Income|Outcome workshops advance and develop business acumen skills, team-building, communication, strategic thinking, and empathy to provide better business results. Our online training can be tailored to reflect your company’s business model, company-specific ratios, unique financial terminology and KPIs to achieve the best remote employee development results.
Our online curriculum offers the same imagery, gameplay, and learning outcomes as our 4-hour Income|Outcome Better Business Decisions simulation through our app.
OUR ONLINE BUSINESS ACUMEN SIMULATIONS
Better Business Decisions
Participants run a business in a competitive and remote team environment: setting prices, monitoring cash flow, making operational improvements, and planning for growth and profit. They learn to use financial statements as a tool for measuring results. This online training enhances employees’ business acumen and ability to communicate, exercise initiative and implement change.
Better Business Decisions EXTENDED Version
A more challenging experience – people develop the business skills they need to address problems of oversupplied markets, inventory build-up, working capital management, cash flow, and debt repayment. The 6-hour online workshop includes formal ratio analysis and an introduction to budgets and cash flow forecasting.
Includes financial statements (how to read an income statement and balance sheet), finance terminology, discussion of cost structures, difference between cash and profit, and more.
Introduction & Fundamentals – 1 hour
Team Competition – 2.5 hours
Analysis of your company’s financial position – 30 minutes
Team competition simulations consist of three business cycles in which teams have full decision-making power and are accountable for the business results.
In each cycle, the team-based companies develop and implement a business strategy which incorporates real-world dynamics: production capacity, customers, prices, and financing.
Each cycle includes competitor and market analysis; setting prices in a competitive market; monitoring cash flow; preparing an income statement and balance sheet; and posting, comparing, and discussing results.
Teams have opportunities to improve their companies with real world business solutions: expansion, quality initiatives, niche marketing, and more. Finance learning is wholly integrated within the simulation.
We turn to The Company Board®, a 3D visual representation of your corporate financial position or industry analysis. This module connects the learning from the classroom to the real world. The tie-back and discussion relate the simulation experience to your company’s concerns, measures, and goals.
“It’s a great course to have at the beginning to start with good financial foundation.” — Product Manager, EMBA Candidate; EDHEC
Speak with an expert today to find the right solution to help you develop a remote learning and development program to improve your employees’ business acumen online.