Developing Financial and Business Skills Using Board Game



Course Introduction

The business  world is getting more competitive and uncertain by the day. As we develop our people skills another core competence is the ability to understand, manage and develop business thinking including financial management skills. This is especially important as an executive assumes higher positions in a company.

How do we help or enable these executives (who are usually young Gen Y or promoted older supervisory staff) to quickly acquire these skills?

The conventional  approach is to send them to a ‘normal’  training programme where the trainer talks to them, show slides and involves them in case studies and sharing. While this usual method works fairly well, the younger (and even older) participants would prefer

‘learning by doing’ instead.

This board simulation/game is especially effective when it is run for:

  • Young Executives  from junior to mid management  from any Function/Dept
  • Newly promoted supervisory staff to junior management positions
  • Ability to ‘read’ and interpret market trends and changing scenarios and to take appropriate decisions, both short and longer term
  • Ability to think strategically in business and implementing strategy into operational actions
  • Manage a company well: operationally and financially
  • Ability to enhance competitive and deal-making skills
  • Manage own participation  and contribution  into a  team under pressure and financial constraints

Participants form teams to manage a ‘company’  playing  against 3 other ‘companies’ in a competitive  environment.    They will have to think and act both operationally and strategically in trying to beat the competition.  There will issues and challenges in Finance (cashflow & Investments, etc.,), Supplier and Customer management, Government intervention & Banking, Deal Negotiations,  Production  and Quality issues and even HR training. The simulation  has been run in many companies  before and the focus is on ‘learning  by participation (doing)’ and always has had good reviews.

Morning: 9.00am  – 12.45pm

–  Quick overview of  how  companies   operate in  a  changing environment

–  Briefing & Intro to the board simulation & relevance to real company operations

–  Roadmap of Sales, Financial Performance tracking: Sales

Ledger, Income Statement, Balance Sheet and Investment Portfolio monitoring.

–  Round 1 of Simulation

 

Afternoon: 2.00pm – 5.00pm

–  Round 2 of simulation     (with some quick 5 min inputs on:

cashflow, investments, costs & bidding for contracts…,)

–  Round 3 of Simulation    (with market changes and Government intervention, taxes, levies and bank loans..)

–  Round 4 of Simulation    (market gets more competitive…deal- making and negotiations..)

–  Final Event: Each company to report on what happened to them and

why. Learning Insights for application on return to job.

REGISTRATION CONTACTS:-
Ms. Koay Ee San   / Mr. KK Chee
M.: +6012.481.7848 / +6012.418.2683
E.: mimpenang@mim.org.my / eskoay@mim.org.my