| Employee
Competency |
Course Content Related to the Competency
|
| Accountability |
- There is no “chance” element
in the simulation. All events are the direct result
of decisions made and actions taken.
- Provides
tools for reporting progress and results
|
| Builds Relationships
and Networks |
- Clarifies the function of each department within
the organization.
- Gives an appreciation for the
needs of other employees in the company and the
challenges they face.
|
| Business Expertise |
- Provides working knowledge of business
terms and definitions.
- Includes standard financial reports and
common business metrics.
- Gives practical experience using financial
planning and analysis tools.
|
| Customer Focus |
- The competitive market reinforces the underlying
importance of meeting customer needs
- Includes quality,
customer service, reputation, niche markets, as
well as price and terms
|
| Drives Business
Results |
- Emphasizes the importance of cash flow, clarifies
the need to manage separately for profit and
cash
- Provides the tools to track revenues and expenses,
and for forecasting, planning, and execution
of business strategy
- Requires constant decision-making and action
regarding the allocation of resources.
- Looks at
how metrics impact behavior, and how new metrics
can change results.
|
| Flexibility |
- Requires constant monitoring of competitors,
and frequent adaptation of business plan in response
to changing market conditions.
- Addresses problems
from several points of view, reflecting diverse
departmental views and the numerous financial
aspects of running a business.
|
| Fosters Open Communication |
- Clarifies the need for a common language and a
shared understanding of business
- Develops a standard business vocabulary with company
specific elements
- Provides a forum for the exchange
of ideas in a cross-over context with interdepartmental
concerns and priorities
|
| Innovation |
- Demonstrates the need for constant improvement.
- Provides
a risk-free environment in which to try out new ideas
and approaches.
|
| Organizational
Skills |
- Creates a matrix for organizing business concepts,
encourages the use of this matrix in prioritizing
financial information
- Provides a visual model for
remembering all the factors that need to be considered
in developing a plan or making a decision.
|
| Project Planning
Skills |
- Provides a “big picture” understanding
of the business
- Provides working knowledge of planning
tools such as forecasts and budgets (level-specific)
|
| Teamwork |
- Demonstrates the need to work together to meet
time deadlines and financial targets.
- Shared decision-making in a risk-free environment
- Provides a forum for the exchange of ideas.
- Team size
is designed to maximize participation by team members.
|
| Values the Shareholder |
- Presents the view of the shareholder.
- Experience
investor risk and reward.
|
