BETTER BUSINESS DECISIONS
A 4-hour workshop that refreshes and builds a big-picture understanding of corporate finance in employees at all levels and in any function.
Focus on Fundamentals
Participants run a business in a competitive team environment — setting prices, monitoring cash flow, making operational improvements, and planning for growth and profit. They also learn to use financial statements as a tool for measuring results. This 4-hour workshop enhances everyone’s ability to communicate, implement and exercise initiative.
This simulation develops business acumen through stealth learning – people are so busy having fun in the game that they do not realize how much they are learning. The business finance learning is thorough and participants gain a big picture understanding of business, finance terminology, working with financial statements, and more.
Own The Results
Participants make all the decisions about production, marketing, sales, and finance… and own all the results. And they bond with team mates as they collaborate in a challenging game environment. Everyone receives materials that reinforce the learning in the business simulation.
In the Better Business Decision workshop, the goal is for each participant – whether a front line worker, manager, or executive – to grasp essential financial concept and tools such as:
Income statements and balance sheets
The difference between cash and profit
Fixed versus variable costs
Using operating income to compare results to competitors
The need to control working capital
Standard metrics (operating income, net income, ROA)
Your company’s specific financial metrics
Investing, generating profits, and posting losses
Maintaining financial statements
Implementing change and measuring results
BUILD FINANCIAL ACUMEN ONLINE
When everyone and anyone can join (technology access and bandwidth allowing), we can collaborate and create across borders, time zones and locations with relative ease. This means the full participation of all team members (not just those who can afford to fly in), the ability to include global experts (without huge travel costs), talking with consumers around the world, and gathering diverse perspectives. With everyone being remote (rather than half the team in a room together and some other joining by telecon or video), attention is even more equitable.
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.
GET IN TOUCH
Speak with an expert today to find the solution that is best for you.
“The impact of low production & high overhead to retained earnings. I have a better understanding of all the inputs that need to be evaluated before expansions, production changes, etc.” — Parts Procurement Lead, Honda