E-learning Platform

Income|Outcome Business Simulations

3B Golden Gate Elearning - Service - Workshops - Income|Outcome Business Simulations

This dynamic simulation develops participants in their grasp of core fundamentals of financial and business terminology and many of the core concepts.  As participants move pieces on a tabletop game board, they build practical experience in budgeting, targeting, forecasting, and measuring performance.

This program runs through a simulated year.  Teams are looking at short-term results and long-term goals.  This involves forecasting and constant decision-making on such issues as pricing, capacity, borrowing, R&D, cost structure, and cash flow.

Learning begins with the Income/Outcome game board and the modeling of simple financial statements for use in tracking the position and performance of a company. Learners gain practical experience in the use of a range of financial planning and analysis tools including cash flow forecasting, budgeting, and ratio analysis.

 

Workshop Duration Options

  • 1-day Simulation:  This version is a full day for 6 hours of the experience.  Eight simulated months are covered in this workshop.
  • 2-day Simulation:  This version is a full two day for 12 hours of the experience.  Ten simulated months are covered in this workshop.
  • 3-day Simulation:  This version is a full two day for 18 hours of the experience.  A full simulated fiscal year is covered in this workshop.
*The workshops can be customized for special requests.

Sample Agenda (2 Days)

    • 8-8:15am Ice Breaker: Intro to Workshop & Rules
    • 8:15-8:40am The Set Up: Participants are broken into groups/teams by facilitator.
    • 8:40-9am Teams set up their business with official name, understanding capital stock & set up expenses including: offices, factory, etc. This begins their 1st simulated month of business.
    • 9-9:45am Trainees learn about direct expenses like:
    • raw materials
    • labor, etc.

Teams are introduced to an extremely basic balance sheet and how it works and how it reflects the changes in the business (as visualized on the game board).

  • 9:45-10am Coffee Break
  • 10-10:50am Teams learn about indirect expenses like:
  • machine maintenance costs,
  • depreciation,
  • administrative & management salaries, etc.

They distribute these expenses paying salaries and all related expenses.

  • 10:50-11:30am Teams now learn basics about budget:
  • pricing their products
  • break-even price
  • profiting and more
  • carefully monitoring cash flow

They spend on advertising and prepare their bids for the simulated market and clients.

  • 11:30-12pm The market opens at the end of the room. Teams present their proposals and the facilitator announces the winner on each customer contract.
  • 12-1pm Lunch
  • 1-1:20pm Facilitator introduces the company upgrades allowed (i.e. less expensive material, warehouse expansion, hiring quality assurance professional). Teams choose their monthly upgrade.
  • 1:20-2pm Teams adjust their balance sheets and prepare their strategy for the next simulated month.
  • 2-2:30pm Debriefing & Day 1 Wrap Up Discussion.
  • 8-8:20am Ice Breaker: Brief Session on Strategies & Basic Concept of Forecasting
  • 8:20-8:40am Teams prepare for production, proposals and pricing. This begins the next simulated month.
  • 8:40-9am Another market opens. Facilitator sits with company reps and awards contracts based on best bids!
  • 9-9:15am Session on strategic & business expansions challenges.
  • 9:15-9:45am Discussion on supply and demand, and related market challenges.
  • 9:45-10am Coffee Break
  • 10-10:50am Teams are allowed to make their monthly upgrade. They work together and negotiate to:
  • choose their target customers
  • perfect their pricing
  • refine their strategy to maximize profits
  • 10:50-11:10am Facilitator discussing the concept of budgeting in more depth including basics of:
  • product cost analysis
  • SWOT analysis
  • 11:10-11:30pm They spend on advertising and prepare their bids for the 3rd month’s market.
  • 11:30-12:20pm The next market opens at the end of the room. Teams present their proposals and the facilitator announces the winner on each customer.
  • 12:20-1:20pm Lunch
  • 1:20-2pm Debriefing & Announcement of Winners with Most Profit
  • 2-2:30pm Workshop Evaluations & Certificates Awarded.