Income/Outcome® business simulations provide a big picture understanding of how the pieces of business fit together, and they do it in a fast-paced, high energy, team experience.
The simulations give a visual, tangible, explanation of the structure and value of financial statements. Even people who are 'scared of numbers' achieve a comfort level with income statements, balance sheets, budgets, and more.
An ideal application is to kick off your EMBA program with the highly competitive half-day Entrepreneurial Challenge. Faculty and students to meet each other in an intense, fun, environment. Each business cycle offers opportunity for team decision-making. The market brings everyone together for some high energy interaction. The competition is short and fierce, and teams bond quickly to meet the challenges. And it quickly overcomes the fear of finance.
A longer one-day Finance for Everyone workshop will allow more contact time between faculty and students, and create a larger business context; it allows more operational complexity with issues of working capital, cash flow, leverage, becoming more prominent. Students will gain more practice with strategy and finance tools, creating budgets and forecasts. And the team-building will go on twice as long!
The Income/Outcome workshop is a foundational activity, it builds the context for more detailed business and finance learning. Users have reported phenomenal improvement in long-term retention of business acumen concepts resulting from early use of the simulation.