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
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
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 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.
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:
Prepares participants for the overall learning experience:
- An online survey measures the participant’s basic knowledge of financial terms and concepts.
- Results are shared during the workshop
Income:Outcome Business Basics has two delivery options.
Extended Learning System
Income:Outcome Business Basics includes an Extended Learning System for self-paced reinforcement that ensures skills learned in the workshop will be transferred to day-to-day work practices.
NuVue will partner with your organization to measure the initial behavioral changes and business results. Our common interest is to make sure that Income:Outcome Business Basics delivers the results you seek. We are committed to helping you succeed. We will work with you to set up measurement systems to help move desired change forward and sustain the momentum of your implementation.
Request More Information on Our Solutions
Please fill out the form below or give us a call at (800) 688-8310. We look forward to talking with you!