Financial Business Simulation

Apples and Oranges -
Increasing Financial Business Acumen

“After years of personally working with LSA around finance for non-financial managers, our company engaged LSA to do a specialized “train the trainer” program, and the consultant’s performance outdid our exceptionally high standards for such a program. Very crucial to the success of this program was the work done upfront to discuss our needs and to interview key members of our organization so that the program specifically met our goals. Wonderful job as always.”
Frank Abbott | Chief Financial Officer | Community Health Group

Description:

This proven program is a unique one-day business simulation that teaches employees (both management and individual contributors) to understand the big picture of business operations, cash flow, and how individual decisions and actions impact profits – thereby increasing financial business acumen.

It is not a lecture. It is a “hands on” program in which participants work through a variety of exercises on a business model workmat. They get to deal with critical issues – such as which activities add value for customers, reducing cycle time and inventory, supplier relations, investment in new technology, efficient utilization of resources, and the impact of different business strategies on revenues.

After participating in the workshop, participants understand the fundamentals of business finance and how capital circulates throughout the company. They are able to interpret financial reports, understand financial ratios, and appreciate how their daily actions and decisions impact profitability. And they have a better overall understanding of business and of how their company makes money. Sales participants will be able to apply the same principles to their customers’ businesses and will gain a competitive advantage by demonstrating their ability to improve profitability.

By actually moving capital around the simulated company and dealing with real business issues, participants acquire:

  • An understanding of the circulation of capital and how this impacts profitability.
  • The ability to read and interpret financial documents such as income statements and balance sheets.
  • An understanding of important financial ratios (return on assets, return on equity, profit margins, economic value added, etc.).
  • An understanding of how the utilization of resources at varying levels of efficiency directly impacts profitability.
  • An appreciation for various business strategies and how successful implementation of these strategies impacts a company’s financial picture.
  • The realization that every day they make many different types of financial decisions.
  • New ideas on ways to positively impact the bottom line and the ability to estimate the dollar value of these ideas.

Target Audience
Managers, individuals, project leaders, teams and salespeople.

Versions

  • Manufacturing
  • Service
  • Retail/Distribution
  • Knowledge


Managers, individuals, project leaders, teams and salespeople.To speak with an LSA Expert and learn about customization and delivery options onsite at your company, please contact us.

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