Entrepreneurial Challenge® is a half-day workshop that refreshes and builds a big-picture understanding of corporate finance in employees at all levels and in any function. It includes:
- Overview and introduction by facilitator (1 hour)
- Team competition (2.5 hours)
- Analysis of your company's financial position (30 min)
Overview and introduction by facilitator
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.
Team competition
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.
Focus on your company's actual financial position
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.
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