The Business Management Simulation Workshop
The Business Management Simulation Workshop
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Program Objectives:
By the end of the program, participants will be able to:
- Increase awareness of operating a company from a general management perspective.
- Recognize the interactions among the various companies and external influences in a complex and interrelated environment.
- Interpret and forecast market situations and market results and translate them into goal-oriented decisions.
- Use fact-based analytical decision-making techniques by linking the decisions to cash flows and bottom line performance.
- Utilize teamwork and problem-solving methods in a dynamically evolving marketplace.
Who should attend:
All managers and business professionals who are involved in supporting the planning and strategy of their department and/or organization, as well as those who are involved in core business or support department management and supervisory roles.
Program Outline
The Power of Business Management Simulation
- How the Cesim SimFirm Simulation Can Maximize your Company Performance
- Familiarizing Teams with the Case Study
- Conducting a Practice Round Using the Simulation Platform
- Topics below will be discussed throughout the simulation decision rounds.
Strategy: The Game-Plan towards Achieving your Vision
- Surpassing the Competition with the 4 Elements of the Strategy Pyramid
- Planning for Victory through Determining Where to Play and How to Win
- Guaranteeing Results by Turning Strategy into Action
Teamwork: The Secret Weapon of Sustainable Strategy Execution
- Taking the Team from Formation to Full-Potential Performance
- Leading a Team through Clear Skies and Storms
- Eliminating Conflict to Achieve a Common Team Goal
Product Quality: Building a Product that your Customers Desire
- Investing in the Organizational Engine – Production and Logistics
- Maximizing Quality to Build a Lasting Customer Impression
Supply/Demand Management: Embracing the Customer’s Perspective
- Mastering Price Elasticity of Demand to Retain and Grow your Customers
- Managing Production and Delivery Levels for Lean Operations
- Creating a Profitable Product Portfolio
Marketing and Customer Care: Creating Endless Promoters for Your Brand
- Reaching All your Customers through Targeted Promotion
- Revealing the Customer Care Secret that the Ritz-Carlton and Apple Employ
Financial Management: Driving Profitability and Long Term Shareholder Value
- Studying the 5 Key Financial Ratios that Can Make or Break your Business
- Making the Right Financial Decisions to Lead and Grow
Wrap-Up
- Team Presentations of their Company Performance
- Review of Lessons Learned from All Simulation Rounds
- Celebrating Teams’ Successes and Realized Profits
