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Training Catalog » Business Acumen Simulation
Business Acumen Simulation
Instructor: Bill Stepansky
Fee:
THIS PROGRAM IS PART OF THE LEADERSHIP IN ACTION SERIES
and IS NOT AVAILABLE AS AN INDEPENDENT PROGRAM.
A unique hands-on business simulation, much like a board game, will make learning about business finance fun and interesting. Participants inherit a business that is not very profitable. Over three simulated years, they turn it into a very profitable company with lots of cash and industry leading return on assets and return on equity. Teams learn how to monitor cash flow, make resource utilization improvements, and measure results in the balance sheet and income statement. In year one, focus on reducing working capital. In year two, successfully compete in a market where prices are declining and in year three, experience the impact on the bottom line of many small wins achieved through continuous improvement.
Competencies
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Identify how decisions impact working capital, cash flow and profitability
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Create a common "big picture" business and financial mind-set that improves communication and teamwork and eliminates silo thinking
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Learn to use resources where they will do the most financial good
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Create and read income statements and balance sheets, calculate key performance ratios and analyze them for performance improvement opportunities
Learning Objectives:
- Business Acumen
- Business Communication
- Teamwork
THIS PROGRAM IS PART OF THE LEADERSHIP IN ACTION SERIES
and IS NOT AVAILABLE AS AN INDEPENDENT PROGRAM.
HRCI Credits: 6 STRATEGIC Credits
“The use of this seal is not an endorsement by the HR Certification Institute of the quality of the program. It means that this program has met the HR Certification Institute’s criteria to be pre-approved for recertification credit.”
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