Business Basics

A half-day workshop that refreshes and builds a big-picture understanding of corporate finance in employees at all levels and in any function.

Business Challenges Solved with This Course

Focus on the Fundamentals of Business

Participants gain an understanding of their role in the business and how their role impacts the bottom line.

Gain an Understanding of Your Company’s Financial Position

Participants learn to read an income statement and balance sheet and gain an understanding of finance terminology, discussion of cost structures, difference between cash and profit and more.

Develop and Implement Business Strategy

The team-based companies develop and implement a business strategy which incorporates real-world dynamics: production capacity, customers, prices, and financing.

Delivery Options

Face-to-Face Workshops

Virtual Workshops

BUSINESS BASICS

Participants run a business in a competitive team environment — setting prices, monitoring cash flow, making operational improvements, and planning for growth and profit. They also learn to use financial statements as a tool for measuring results. This 4-hour workshop enhances everyone’s ability to communicate, implement and exercise initiative.

What You Can Expect From This Course

Program Overview

Developed by Andromeda Simulations International, Income:Outcome Business Basics is a 4 hour simulation that develops business acumen through stealth learning – people are so busy having fun in the game that they do not realize how much they are learning. The business finance learning is thorough and participants gain a big picture understanding of business, finance terminology, working with financial statements, the importance of cash flow.

Overview and Introduction by Facilitator

Includes financial statements (how to read an income statement and balance sheet), finance terminology, discussion of cost structures, difference between cash and profit, and more.

Team Competition

Team competition simulations consist of three business cycles in which teams have full decision-making power and are accountable for the business results.

In each cycle, the team-based companies develop and implement a business strategy which incorporates real-world dynamics: production capacity, customers, prices, and financing.

Each cycle includes competitor and market analysis; setting prices in a competitive market; monitoring cash flow; preparing an income statement and balance sheet; and posting, comparing, and discussing results.

Teams have opportunities to improve their companies with real world business solutions: expansion, quality initiatives, niche marketing, and more. Finance learning is wholly integrated within the simulation.

Focus on Your Company’s Actual Financial Position

Using The Company Board^®, a 3D visual representation of your corporate financial position or industry analysis. This module connects 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.

Learning Approach

Our Learning That Never Stops^™ approach will ensure skills learned in the Income:Outcome Business Basics will be transferred to day-to-day work practices. To achieve this, Income:Outcome Business Basics includes components and activities: