Finance for Everyone business acumen workshops
8 hour program runs in one full day, or two half-days.
The extended 12 hour program can start any time (e.g. 8 a.m., 1 p.m., or 6 p.m. for residential programs).
Workshop includes:
- 2.5 hours of facilitator-led simulation. This group experience provides the rules for the simulation, a general introduction to the process of business (financial statements, business terminology, fundamental business dynamics), and sets the framework of needing to manage separately for cash and profit.
- 4.5 hours of team competition simulation consisting of four business cycles in which teams have full decision-making power and are accountable for the business results.
In each cycle, team-based companies develop and implement a business strategy which incorporates real-world dynamics: production capacity, customers, prices, financing, and more. Each cycle includes the following activities:
- Competitor and market analysis
- Setting prices in a competitive market
- Monitoring cash flow
- Preparing an Income Statement and Balance Sheet
- Posting, comparing, and discussion of results
Teams have opportunities to improve their companies with real world business solutions - expansion, quality initiatives, niche marketing, and more. Finance learning is integrated within the simulation, activity include cash flow forecasting, budgets, and unit cost analysis.
- The extended 12 hour workshop offers additional 2 - 3 hours of simulation experience and integrated finance planning and analysis tools including break-even analysis, income statement analysis, discounted cash flow.
- 30 minutes Introduction to Ratio Analysis, a discussion of common business metrics with the Income/Outcome Triangle for Ratio Analysis
- 30 minutes of The Company Board, a 3D visual representation of your current corporate financial position. This module transitions 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.