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Business Simulation

Is it necessary to encourage your staff to create strategies to maximise the success of the company, learn the fundamentals of financial ratios and reporting and understand the financial consequences of their decision making?

Then EMD’s Business Simulation Programme could be the answer.

It is a 2 day programme that takes participants through a simplified model of a service, utilities or manufacturing business that demonstrates the effect of management decisions on company accounts. Participants must maximise profit for their fledgling company as it gains maturity in a competitive world. The exercise covers a 5 year period.

Aim:

This business simulation’s aim is to:

bblue.gif (807 bytes) Motivate participants as both individuals and as part of a team to improve performance.
bblue.gif (807 bytes) Develop knowledge and understanding of financial data so that individuals can apply this to their day-to-day work environment.
bblue.gif (807 bytes) Show the need for responsiveness to market conditions, changing policy restrictions and stakeholder needs.
bblue.gif (807 bytes) Introduce financial reports and tools.
bblue.gif (807 bytes) Balance profit and growth drivers.
bblue.gif (807 bytes) Model the impact of competition.
bblue.gif (807 bytes) Identify the way in which each person is able to impact the bottom line.
bblue.gif (807 bytes) Identify the critical cost and profit drivers within your organisation.
bblue.gif (807 bytes) Measuring the success of your organisation through triple bottom line accounting.
bblue.gif (807 bytes) Encourage lateral thinking.

There are numerous other key learnings, some being:

bblue.gif (807 bytes) Understand the linking of workplace decisions to financial performance.
bblue.gif (807 bytes) The need to reduce expenses.
bblue.gif (807 bytes) Avoid capital investment when there is no clear return.
bblue.gif (807 bytes) Improve the inventory process to reduce cost.
bblue.gif (807 bytes) The relative importance of wages, overtime to the profitability of an organisation.
bblue.gif (807 bytes) Benefits of ‘just in time’.
bblue.gif (807 bytes) Impact of cash flow on business health.
bblue.gif (807 bytes) Shareholder expectations and appropriate returns on funds invested.

What next?

If you are interested in more information please give us a call on +61 412 026 909 and ask to speak to one of our consultants. 

Alternatively e-mail us at info@emdgroup.com.au or use the form on our Contact Us page.

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