People learn best when they are engaged. Engagement is easy when people are involved in a team competition. A good business simulation like Income/Outcome provides this. And when people compete head to head to win customers in a competitive market, you have an opportunity for both finance learning and team-building built into a fun activity.
And the stress of preparing for a competitive market, when your financial survival is at stake because of oversupply and a cashflow crisis… Well, it can lead to an explosive response in the classroom. Here’s a clip from a workshop I ran in Singapore a couple of days ago:
We use this engagement to teach in several different areas simultaneously:
- Financial terminology
- Creating and using financial statements
- Understanding market forces
- Breaking down silos
- Improved information flows
- Holistic business acumen
- Better decision-making
Who knew a finance training workshop could be so much fun?