 Improved business skills for non-finance personnel
Income/Outcome raises the financial skills and business acumen of the organization
as a whole. You already know that every single person
in the organization makes everyday decisions that impact
the bottom line and the balance sheet. Our
programs ‘put employees onto the financial statements’ (the
simulation board), and demonstrate the individual’s
impact. The programs improve their decision-making
skills, leading to better business decisions and better
business results.
Increased respect throughout the organization
In the simulation, participants make business decisions
in all departments including finance. They gain an
understanding of their real-world impact on the other parts
of the company; they also gain an increased respect for
the value and difficulties of the various roles.
Improved communication with the finance department
Income/Outcome also improves communications between Finance
and the rest of the organization. This includes ‘communicating
out’ with plans, priorities and results; and ‘communicating
in’ with enhanced ability for non-financial managers
to initiate useful communication with the numbers people. The
Company Board visualization is a tool applicable for
communicating with shareholders as well as the rest of
the company.
Bigger picture thinking within the finance department
Our simulations provide
a bigger experience of the practical dynamics of running
the business than a finance manager has typically been
exposed to in their career (the complexity of operations,
the shifting nature of competitor analysis, the pressures
of the marketplace).
Case Studies |
Benefits |
CLO Benefits |
Business Competencies
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