Profitable Pursuits (The Business Game)
Managers are asked to control costs and increase both profit and cash flow. But often they don’t really know what to do. So Profitable Pursuits will…
• Demonstrate what managers can do about profit and loss in practice
• Help them really understand the Profit and Loss account
• Show the importance of “cash flow”
• Help them to see profit improvement as part of their role
Business & Financial Learning
The Business Simulation Game is designed specifically for your organisation. The business game achieves several objectives:
• Provides the competitive basis for the day, as financial learning is brought to life through a simulated commercial reality,
• Allow the delegates to reinforce their financial understanding and build their confidence in a highly participative and supportive way.
• Generates ideas for improvement opportunities within their own company
Profitable Pursuits helps people develop business improvement. The Business Simulation Game offers experiential learning that enables deep industry and financial understanding. Profitable Pursuits enables participants to gain business learning.
Then those playing the game take the financial learning to the workplace and make a difference.
We like to think that Class 1 Consultants approach is unique by making our Business Simulation Game highly interactive, engaging, competitive and fun.
This Business Simulation Game gives employees a thorough understanding of operational business finance. The game enables financial learning through a business experience that they can relate to.
The financial and business training provided by this simulation gives employees insights that enable them to contribute to improved profit in their organisation.
Learning About Business with a Business Simulation
The financial learning is obtained by teams running a simulated company (service, retail or manufacturing). They create the accounts and see the links between the activities and the results. They see the impact of operational changes and the value of efficient resource deployment. The importance of asset utilisation, profit improvement and investment decisions become clear.
As a result of this business simulation, participants gain:
• A sound understanding of the Profit and Loss account
• Business understanding and the role managers can play
• A commercial awareness of the impact of prices, volumes and costs
• Ideas for improvement opportunities within their own areas
This business simulation helps employees behave as though the company’s money was their own – all within one day of training.
Clients’ comments on our Business Simulation Game:
“A really good and interactive introduction to a subject that I have little knowledge or experience of.”
“Excellent insight into how external forces influence our business”
“Hugely enjoyable and entertaining session”
“This has given me the ability to comprehend how I can improve the bottom line profit of our company”
Profitable Pursuits can be generic, industry or organisation specific. Here is an example of the opening activity for the generic Business Simulation Game.
You just opened your first restaurant.
Your restaurant will not only be the most trendsetting, gastronomically fantastic place to be seen in, it will be …. a way of life …if you can keep it in business.
To start up in business you need capital. That means cold, hard cash. First the good news: your local banks are impressed by your plans and would-be shareholders value your vision and are interested in investing. The bad news: you have never run a restaurant before.
Your challenge: can you make a success of your restaurant, pay off your loans, build your business and gain Michelin stars?
The first thing that you’ve got to decide is one of the trickiest. What are you going to call your restaurant? Remember, a catchy, cool name can translate into big bucks, but choosing one that another restaurant is already using can result in lawsuits. Be original, be big, be bold and be brilliant!