Running a Business
- Module One
|
Learning Outcomes
|
- Overview
of the activity cycle of a business
- How
a business is financed
- Where
cash is tied up in a business
- What
Earnings Before Tax is
- What
Earnings Before Tax is used for
|
Simulation
and Learning Activities
|
|
Introduction
and Moving Balance Sheet
|
- Introduction
to the course
- Objectives
and outline of the program
- The
Moving Balance Sheet demonstration
|
|
January
and February
|
- Learning
the basics
- Facilitator
walks teams through the simulation months of January and
February
- Starting
in the month March the teams plan and run their own companies.
- Planning
for March
|
| March |
- Teams
run their simulated company for the month of March
- Debrief
and learning points
- Investment
and cash flow
- Balancing
the short term and long term
- Learning
point summary
|
Looking Ahead
- Module Two
|
Learning Outcomes
|
- How
prices are set
- Fixed
and Variable Costs
- How
to plan for Profit
- How
to forecast Cash Flow
- Break-Even
analysis: managing price, volume and costs to make a profit
- Share
prices and what affects them
|
Simulation
and Learning Activities
|
|
Pricing
Strategies
|
- Setting
a price
- Covering
fixed costs
|
|
April
|
- Teams
implement their pricing strategies for the simulation month
of April
- Debrief
of April: impacts on Cash
- Share
prices
- The
Shareholder's view of the company
- Creating
a Business Plan and Cash Flow forecast for May
|
| May |
- Teams
implement their business plan for May
- Debrief:
analyzing variances from plan
- Learning
Point summary
|
Strategies
for Creating Value - Module Three
|
Learning Outcomes
|
- How
Value is created
- What
is Economic Profit
- Strategies
for success: Cost Leadership & Differentiation
- Shareholder's
view of the business
|
Simulation
and Learning Activities
|
|
Strategies
that Create Value
|
- Financial
Ratios
- Differentiation
and Cost Leadership
- strategies
for success
- options
added into the simulation
|
|
June
|
- Teams
implement their reformulated strategies for the simulation
month of June
- Debrief
of June: the impact of strategies
- Share
prices
- The
Shareholder's view of the company
|
| July |
- Teams
continue to implement their strategies for simulation month
July
- Debrief
and learning points for simulation month July
|
How I Create
Value - Module Four
|
Learning Outcomes
|
- How
my work makes a difference
- How
I affect Economic Profit
- The
strategy of my Business Unit
- Action
Plans; what I will do now
|
| Strategies
that Create Value |
- Economic
Profit and Me
- Debrief
and learning points for simulation month July
|
| August
|
- Debrief:
what we have learned from the simulation
- Share
prices
- Dividends
and Shareowner Value
- Creating
Value
- Managing
Economic Profit
- Where
does my job make a difference
- Analysing
my Business Unit
- Action
plans: where we go from here
|
