Choose this simulation if you need leaders who can:
- Re-evaluate market, operational, and competitive positions
- Create plans that consider profit, cash flow, and position
- Visualize the financial issues that drive the corporation
- Improve the key business drivers
- Perform long-term planning
- Allow for the interdepartmental effects of initiatives
- Search out the unknown aspects of new markets
- Assess the relative merits of competing proposals
- Understand the pluses and minuses of short-term measures
- Think long-term
- Speak ‘finance’, the common language of business
Managing a Global Business provides experiential learning across the business. It emphasizes the need to function well as a team and team decision-making in each of the major roles in an operating company: production, R&D, sales, marketing, management, and finance.
It models a rapidly evolving industry and the cyclical nature of market demand, requiring participants to revise plans in response to changes in the market place or in the industry and set up a long-term position in the marketplace -- including expanding into new products, new regional markets, and niche markets.
Leaders in this simulation prepare and maintain financial statements; prepare budgets and cash flow forecasts, including break-even graphs with allocations of overheads; and use ratios and income statement analysis for benchmarking.
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