A full-day workshop that targets everyone who make decisions that impact sales and operations — that is…anyone in the company.
Business Challenges Solved with This Course
Finance for Everyone
In Finance for Everyone, participants learn about all the pieces of a business and how they fit together. Then learn about what any business needs in order to be healthy. Participants will a simulated business and make decisions in all the major areas of a business and then review and defend their results. Participants develop a big picture understanding of the needs of the business, are better able to take appropriate initiatives, communicate rapidly and effectively with other departments, and provide a greater sense of involvement.
What You Can Expect From This Course
Income/Outcome: Finance for Everyone is a full day simulation that utilizes the Income/Outcome simulation board and the modeling of simple financial statements for use in tracking the position and performance of a company. The simulation board separates these concepts into two distinct but related flows of activity.
This group experience provides the rules for the simulation, a general introduction to the process of business (financial statements, business terminology, fundamental business dynamics), and sets the framework of needing to manage separately for cash and profit.
Team Competition Simulation
The competition consists of four business cycles in which teams have full decision-making power and are accountable for the business results.
In each cycle, team-based companies develop and implement a business strategy which incorporates real-world dynamics: production capacity, customers, prices, financing, and more. Each cycle includes the following activities:
- Competitor and market analysis
- Setting prices in a competitive market
- Monitoring cash flow
- Preparing an Income Statement and Balance Sheet
- Posting, comparing, and discussion of results
Teams have opportunities to improve their companies with real world business solutions – expansion, quality initiatives, niche marketing, and more. Finance learning is integrated within the simulation, activity include cash flow forecasting, budgets, and unit cost analysis.
Our Learning That Never Stops™ approach will ensure skills learned in the Income:Outcome Finance for Everyone will be transferred to day-to-day work practices. To achieve this, Income:Outcome Finance for Everyone 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 Finance for Everyone has two delivery options.
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 Finance for Everyone 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.
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