Chapter 1: Why use Income/Outcome
business simulations?
They're fun
Financial lectures are boring. Simulation-based
training is dynamic and engaging. Games hook into the competitive
nature of the participants, giving them the motivation to
learn - to win! In our simulation, winning is only possible
through understanding the rules and the language of the
game - the rules of business and the language of finance!
They're experiential
"Learning by doing" is the way that humans were
designed to learn. Participants confront the abstract view
of business in a tangible manner - they see and touch the
way business operates. This experiential learning leaves the
participant with a mental matrix for retaining information
and applying it in the future.
They're team-based
The simulations are interactive, creating
constant dialogue as participants internalize the different
points of view generated by the game. In addition to learning
the rules of business and the language of finance, the participants
enhance their communication skills and learn to operate
as a team.
Chapter 2: How is our table-top
simulation superior to a computer based simulation?
Transparency
There are no hidden dynamics in our board-game
simulation. In a good simulation, every action is visible,
every decision can be tracked and every effect has a demonstrable
cause.
More physical
Even the best computer-based simulations operate solely on
an intellectual level; but learning that sticks is learning
that is both intellectual and physical. The participants make
a decision, physically perform the steps to implement the
decision, receive a physical result, and intellectually understand
the cause and effect relationship!
Focus on foundations
A table-top simulation deals with the concepts
rather than the details. It acts this way because
it is dealing with whole physical objects as opposed to
fractions and decimals. There is a natural emphasis
on simple modeling of fundamental dynamics, not on complex
modeling of relative minutiae.
Chapter 3: The unique aspects of Income/Outcome business
simulations
Greater accountability
No random factors, no dice, no chance
cards. Each
team generates unique results as a consequence of their
decisions. They recognize that they own those results
- good or bad.
Real-World business drivers
Income/Outcome models
a real-world business with real-world drivers, including
a very competitive marketplace. But
you can only succeed by managing the whole business, not
just by positioning yourself in the marketplace.
Managing
the whole business includes profitability, cash flow, working
capital, ongoing improvements, quality issues, and more.
Real-world
applicability
Each concept of financial planning and analysis
used in the simulation is a valuable tool which is used, in
exactly the same way, in the real world.
A family
of simulations
Income/Outcome
is a family of simulations with a common language,
common dynamics, and common imagery; but each program is
distinct in that its level of decision-making reflects the
real-world activity of its target audience.
Includes the view of all
the major stakeholders
Income/Outcome business simulations
provide the view of all the stakeholders in the business:
- Investors who are prepared
to accept risk in order to gain ‘shareholder value’:
short-term reward (dividends, share price) and long
term stability and growth
- Bankers who
want to minimize risk
- Suppliers who have their own businesses and
want to be paid in a timely manner
- Customers who want value: low price, high quality,
extended payment terms, and more
- Employees and individual
departments, with
individual needs
- Managers who are responsible for holding it
all together
Full representation of financial statements
Our models represent all elements of the
income statement and balance sheet. It gives these financial
statements a physical structure that clarifies the primary
relationships that are inherent in them.
After-classroom follow-through
with The Company Board
The
Company Board is a 3D visual representation
of your current corporate financial position. This module
transitions the learning from the classroom to the real world
– your real world.
Income/Outcome Experience |
Family of Simulations
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