Introducing our Business Simulation
Finance and business management can be a dry topic.
That’s what makes our ‘business game’ simulation so special. It is exciting to play and it gives participants a genuine ‘hands on’ experience of what it takes to run a business successfully. It makes learning about business finance fun.
It’s a widely acknowledged fact that enjoyable learning is effective learning – people understand concepts more quickly. It significantly aids transfer of learning and participants are more driven to use what they have learned in their day-to-day life. This enthusiasm also translates into how they feel about the work they are doing – they understand their role better and they are inspired to become more accountable and to find ways to increase their value. They will be able to make more informed decisions leading to better actions. It really is a win-win situation.
How does it work?
Using a dynamic, high-energy board-based methodology, participants are formed into teams (companies) who compete against each other in a global market place.
The simulation takes the teams through several business trading periods and completely immerses them in the mechanics of how a company needs to operate to be commercially and financially successful.
As the simulation progresses, teaching interventions, that could typically include Budgeting and Cashflow Forecasting and Cashflow Statements, coupled with open forum discussions add dimension to understanding. Application and practice of these elements within subsequent business trading periods reinforces not only the need for P&L controls but also strong attention to the Balance Sheet.
But it doesn’t end there…
At the end of each business period, the competing ‘companies’ complete their Profit & Loss Accounts and Balance Sheets and the results are recorded openly. Participants discuss their company performance, as if with financial analysts/shareholders, in a mutually supportive open forum. They examine their success (or lack of it) and dissect the drivers of profit and cash and overall company performance. This sharing of insights and opinions not only reinforces what they have learned but also gives them the opportunity to learn from the experiences of their fellow participants. It is a collaborative process and a valuable opportunity for reflection.
What Our Clients Say
I have worked with Nicky Lawlor since 2005 in various business contexts. Most recently she has worked with me on a Management Development Programme for a manufacturing/sales client in 2013 and 2016, using the very good finance Business Game. I will again invite Nicky / ‘Creating Value’ for the same purpose next year, for these reasons:
- She is adept at scoping the assignment, and adapting how the business game works to meet the client’s needs.
- Nicky is an excellent facilitator. She is professional in delivering the process, against tight timetables, but is also very good at coaching individuals, until they grasp the concept.
- Nicky also shows flexibility in being able to ‘tweak’ the process, as we go along, to meet participant needs in the moment.
In summary, a pleasure to work with! Highly recommended.
Harry McLean has worked with Alcoa for several years, focusing on the delivery of experiential learning in the area of Financial and Business Awareness. Many approaches to raising financial awareness are dull, uninteresting and rely on lecturing to a large degree, often leading to poor learning outcomes.
Creating Value has a refreshingly different approach which uses learning by doing to achieve a much more powerful learning impact.
Harry McLean has in-depth skill and knowledge and has made the effort to get to know Alcoa so that it informs his approach and enables him to put the training in context. He is a true professional who has worked at a senior level but he has the common touch and can relate very well to people of any level of seniority or responsibility. His enthusiasm and positive persona are infectious and these in turn facilitate the attainment of positive learning outcomes that can be and are transferred to the workplace.
Consequently, I am happy and have no hesitation in recommending Creating Value as a high-quality provider of training services.
We have been working with Creating Value for several years and we use the simulation they have developed for selecting our London summer placements. It is an excellent method of assessing large numbers of candidates over a relatively long period of time. Candidates become so involved in the exercise they forget completely that they are being monitored and assessed.
As a firm, we save many partner hours by being able to assess up to 90 people in one day. We receive outstanding feedback from the delegates, even if they are not selected for a placement, and many feel it offers them the opportunity to develop key skills such as commercial awareness, working in a team, and time management.
Harry and Nicky make the day incredibly easy for us and their infectious enthusiasm spreads to us and the delegates alike.
Harry McLean leads fantastic workshops! As an academic, I envy his ability to animate a room, vivify financial material, and really engage with people as they learn and practice new skills. He’s got a great way with traditionally “hard” or even “boring” material like accounting, making it come to life in the real to-and-fro of business operations. Any business or organisation can benefit from his style, the exciting sessions he leads, and the complete professionalism, verve and expertise he brings to his work.