One-Day Courses
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The One-Day Course features five rounds of the business simulation.
There are two options for what happens between the decision rounds, depending on the client’s preferences.
Option One – Full Accounts
The facilitator explains the following topics from first principles:
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The Profit & Loss Account
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The Balance Sheet
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The Cash Flow Statement
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Key Ratios
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In each case, there are 3 stages:
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the topic is first introduced through a presentation,
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the new report or analytical technique is demonstrated by the facilitator using one of the simulation’s ‘autopilot’ businesses,
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the teams are given the opportunity to apply the new learning to their own business.
At the end of the course, the facilitator revisits the most important learning points before providing a detailed review of the simulation.
Within the Ratios section, the facilitator shows how the overall contest can be broken down into four “mini-contests” and this approach is reflected in the final review, where we examine how each team fared in each of these areas:
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Sales (ie customer numbers times average spend per customer)
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Gross Margin (ie the gap between selling price and cost price)
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Cost control
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Interest (ie the cost of tying up more money in our business)
Option Two – Short Accounts
This version does not cover the Balance Sheet or Cash Flow Statement (and therefore they do not feature within the simulation).
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The additional time is used to complete a number of group exercises or particular interest to that audience. These might include exercises on topics such as
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Calculating and working with margins
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Cost behaviour
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Break-even points
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Promotional pricing
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As far as possible, the exercises will be tied in with the simulation.
One-day courses can accommodate between 4 and 12 people in the training room. Online groups are limited to a maximum of 8 people.