MANAGEMENT BUSINESS SIMULATION PROGRAM I: Foundation® MANAGEMENT
INTRODUCTION
The best way to learn business is to run a business. And a sure way to lose money is to run a business badly. What if you could provide hands-on business experience, without the risk? IRIS Consulting is working with a foremost American-based company: Management Simulation, Inc® to bring you simulation based business education. For two decades, they have specialized in developing business simulations that teach business. They created CAPSTONE® and FOUNDATION®, two worldwide best-selling business simulations.
BACKGROUND
I. FOUNDATION® BUSINESS SIMULATION Foundation® is our basic business simulation designed to teach all the essential elements of running a business: finance the finance, areas, analysis. cause and effect relationships between functional areas satisfying customer demands and competitive analysis A great tool to provide executive education and training. In Foundation®, participants run a $40 million company for five to eight years. The company they start with has no clear direction, is not meeting customer demands and has sub-par financial results. The goal is to create a successful business in the face of tough competition. Foundation® operates in two market segments: low tech and high tech. At the start of the program, each company has one product but can develop a portfolio of up to five. Each simulated year, the management team shapes the company's future by making decisions in Research and Development, Marketing, Finance, Human Resources and Production. In later rounds, decisions in Total Quality Management are added. Because the goal is to build a successful company with its own strategic direction, each management team has the opportunity of selecting their own benchmarks for success. They choose from two or more measures including Return on Equity (ROE), Return on Investment (ROI), Market Capitalization, Market Share (in Dollars), Cumulative Profit, Return on Assets (ROA), Asset Turnover and Stock Price. Foundation® is ideal for associates, newer hires, supervisors and functional managers. For complete flexibility in satisfying both learning goals and work schedules, the simulation can be managed: · as a team competition four to six teams, each running a company and competing head-to-head, or competition: ® · as a Footrace , in which you run your company as an individual, competing against five computer-generated companies.
WHAT DO YOU GAIN FROM OUR BUSINESS SIMULATION PROGRAMS?
The people in your company will:
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Gain a renewed awareness of cross-functional alignment and learn to unite the various departments and units into one cohesive team all with the same strategic business goals. Improve overall business acumen. Develop competencies in competitive and financial analysis. Practice S.W.O.T analysis and strategic planning. Be able to build teams in a competitive environment. Develop business tactics and strategies and hone same. Improve understanding of finance in a cross-functional, decision-making context. Greatly improve critical thinking skills.
METHODOLOGY
We use a blended learning approach in all our courses. This method incorporates different learning styles and practices allowing each participant’s understanding to evolve throughout the program. Both individual participation and group dynamics come into play throughout the instruction; this further enhances the experience by building on shared knowledge.
METHODS OF DELIVERY
Get It the Way You Want It We offer our simulation-based programs as live seminars, online or in hybrid formats, designed to suit your specific needs. Corporate programs can be scheduled to run intensively over ten days, or spread over up to six weeks. The flexible program allows people from your business units around the country or in the world to compete with each other, network together and develop team decision-making skills. Online Delivery Your people will receive their training online, wherever in the world they may be. They can be in teams or work individually. The programs contain communication packages that facilitate teamwork. Individuals can set their own schedules, within any criteria you determine. OnOn-Site Delivery From two to four days, these intense, face-to-face seminars focus the learning from the simulation, provide extensive opportunity for discussion and analysis and powerful team building opportunities. Participants enter a dynamic head-to-head competition, competing for the biggest share of the market, the profits and the attention of the Stock Market. Each team decides its own strategic direction and sets its own benchmarks. Winners are determined on how they performed against their individual measures.
ATTEND WHO SHOULD ATTEND?
Senior Executive Assistants to Assistant Managers.
SOME COMPANIES THAT USE Foundation® GLOBALLY
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BMG Entertainment Caterpillar Citibank Dell General Electric General Motors Griffin Pipe Company Herman Miller Honeywell International Truck and Engine John Deere Johnson Controls Pricewaterhouse Coopers Samsung Sempra Energy Snap-on Square D
USE SOME OF THE 500 BUSINESS SCHOOLS THAT USE Foundation® GLOBALLY
Abilene Christian University Australian Graduate School of Entrepreneurship Boston University California State University Michigan State University Ohio State University Oregon Executive MBA Penn State University George Washington University Milwaukee School of Engineering Moorehouse College Peter F. Drucker Graduate School of Management University of Michigan Business School University of Wisconsin School of Business Walden University MBA Program Virginia Military Institute
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