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Onsite Programs - Project Management,
Leadership Development, and Management Development
Financial Business Simulation: Apples and
Oranges - Increasing Financial Business Acumen
This proven program is a unique one-day
business simulation that teaches employees (both management and
individual contributors) to understand the big picture of
business operations, cash flow, and how individual decisions and
actions impact profits - thereby increasing financial business
acumen.
It is not a lecture. It is a "hands on"
program in which participants work through a variety of
exercises on a business model workmat. They get to deal with
critical issues - such as which activities add value for
customers, reducing cycle time and inventory, supplier
relations, investment in new technology, efficient utilization
of resources, and the impact of different business strategies on
revenues.
After participating in the workshop,
participants understand the fundamentals of business finance and
how capital circulates throughout the company. They are able to
interpret financial reports, understand financial ratios, and
appreciate how their daily actions and decisions impact
profitability. And they have a better overall understanding of
business and of how their company makes money. Sales
participants will be able to apply the same principles to their
customers' businesses and will gain a competitive advantage by
demonstrating their ability to improve profitability.
By actually moving capital around the
simulated company and dealing with real business issues,
participants acquire:
- An understanding of the circulation of capital
and how this impacts profitability.
- The ability to read and interpret financial
documents such as income statements and balance sheets.
- An understanding of important financial ratios
(return on assets, return on equity, profit margins, economic
value added, etc.).
- An understanding of how the utilization of
resources at varying levels of efficiency directly impacts
profitability.
- An appreciation for various business strategies
and how successful implementation of these strategies impacts a
company's financial picture.
- The realization that every day they make many
different types of financial decisions.
- New ideas on ways to positively impact the
bottom line and the ability to estimate the dollar value of
these ideas.
Managers, individuals, project leaders,
teams and salespeople.
To speak with an LSA Expert and learn about program customization and delivery options onsite at your company, please contact us.
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