Managing Business Today
Broad Overview
Managing Business Today is a board-based, data analytics assisted simulation, which allows people to run a manufacturing business over a series of business cycles this is designed to provide business insights to your staff.
The understanding gained enables managers and employees to discover how they personally can influence the performance of the business through their everyday activities and decisions they make. This understanding helps managers transcend traditional notions about functional barriers and ultimately leads to improved decision making and problem solving, and therefore improved company performance.
Simulation Journey
Preprogram: Stakeholder engagement to identify business focus, challenges & relevant information to align content & customize post program learning transfer assignments
During Program: Simulation experience with analysis and reflection on behaviours & actions. Templates to facilitate structured conversations and action planning
Post program: Micro learning reinforcement & assignments using digital platform to establish new behavioral habits ,maximize learning & business impact
| No. Participants | 12 to 18 |
| Duration | 2 Days |
| Partner | Business Today International |
Program Outcome
- Identify and measure the drivers of business performance, market opportunities and implement market strategies
- Prepare results on revenue and cost budgets, conduct variance analyses and develop strategies for managing budgets
- Differentiate between types of costs according to behaviour (fixed and variable), allocate costs and conduct breakeven analysis
- Make decisions, implement those decisions and assess the results within the broader business context
- How to draft and analyse:
1. Income Statements using diagnostic tools and ratios
2. Balance Sheets using diagnostic tools and ratios
3. Cash flow statements
Business Impact
- Improve business & financial acumen
- Enhanced critical, analyical thinking & decision making
- Increased enagement & collaboration with internal stakeholders