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X-WR-CALNAME:Impact for Learning & Development
X-ORIGINAL-URL:https://impact-ld.com
X-WR-CALDESC:Events for Impact for Learning & Development
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DTSTART:20170101T000000
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DTSTART;TZID=UTC:20171115T090000
DTEND;TZID=UTC:20171116T170000
DTSTAMP:20260616T043127
CREATED:20170814T005625Z
LAST-MODIFIED:20180717T143712Z
UID:4383-1510736400-1510851600@impact-ld.com
SUMMARY:BYB & Finance for Non-Finance ~ BUILD YOUR BUSINESS!
DESCRIPTION:Build Your Business  \nThe General Management & Business Acumen Simulation \nOverview: \nOrganizations today\, more than ever\, in these tough economic times\, need managers and employees who can contribute to the financial success of their business. They are expected to think and act like business owners; able to see how they fit into the company and how their actions affect the bottom line. That’s what “Business Acumen” is all about. \nBusiness Acumen tackles the three competencies that need to be mastered by any true business leader: \nHowever\, teaching Business Acumen can be a very dry & boring topic\, that’s why “BYB”; the experience that will engage your people in the business world & its decisions like nothing else! \nLearning Outcomes: \nBy the end of this workshop attendees will be better able to: \n\nUnderstand & see the inter-connectedness & impact of business decisions among the different functions\nUnderstand and manage effectively the three axes of strategic execution:\nCompetitive analysis  2) Financial Acumen   3) Market Trends\nRead & understand P&L statements\nKnow how to use financial data for more effective business strategies & decisions\nKnow how to choose the best growth strategy according to business & market status\nApply business acumen in a real-world context\n\nWorkshop Journey: \nThe workshop starts by a one day training on essential financial concepts for non-finance people. The second day will be 90 minutes of playing the simulation\, the de-brief \n  \nThe Simulation: \nParticipants of (BYB) will experience the thrill of running business in a safe learning environment. \nIn groups\, each group will be assuming the role of the organization’s CEO’s\, who are in charge of building & growing their business through strategic business decisions. \nParticipants will be tested on critical thinking and effectiveness of their individual strategies to make the most net profit at the end of the simulation. \n\nAt the beginning of every round in the simulation\, the CEO makes decisions in six different functional areas: \n\n\nHuman Resources\nProduction\nPricing\nMarketing\nR&D\nBanking\n\nAnd upon their decisions they get to see the impact of their decisions on the overall revenue\, market share\, and customers’ satisfaction! And the three goes on for – ro\, till the end with the winning team who managed to make the highest success! \nThe De-Brief: \nThe de-brief highlights the experiences learners witnessed through the simulation\, & how to use the grasped insights as areas of focus for future application in day to day work & strategic decisions: \n\nImportance of market sensitivity for monitoring changing needs & trends\nManaging Competition\nBuilding on financial data for deciding appropriate business strategies\nMaking the best out of opportunities & challenges\nChoosing the right growth strategy according to company and market status\nCreating\, delivering\, and capturing value\nOptimizing service portfolio and margins to capture the market\n\n  \nWorkshop Duration: Two Full Days \nNumber of Participants: Up to 20 Participants \n
URL:https://impact-ld.com/event/byb-build-your-business-business-acumen-simulation/
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